Business
St. James Gold Corp. Provides Corporate Update To Shareholders
Vancouver, British Columbia, Oct. 27, 2021 (GLOBE NEWSWIRE) -- St. James Gold Corp. (the “Company”) (TSXV: LORD) (OTCQB: LRDJF) (FSE: BVU3) is pleased to provid
About this update from St. James Gold Corp
[{"type":"text","content":" Vancouver, British Columbia, Oct. 27, 2021 (GLOBE NEWSWIRE) -- St. James Gold Corp. (the “Company”) (TSXV: LORD) (OTCQB: LRDJF) (FSE: BVU3) is pleased to provide a corporate update on its activities for 2021. Highlights: Completion of 2021 drill exploration program on its Florin Gold Project in the Yukon Territory Successful capital financings of $10,000,000 Expansion of stock listing in the FSE and OTCQB markets Successful DTC listing on the OTC market Commencement of work exploration activities on its Newfoundland claims Following the successful participation of last week’s New Orleans Gold Conference, one of the first large scale in person conferences of its kind in the past 20 months. The Company is awaiting the core drill sample results of its recently completed field season drill program at the Florin Gold Project in the Yukon Territory, Canada. In spite of a late start in the season, the field team completed 3,613 metres of diamond drilling intended to test the projected extensions of mineralization adjacent to the 2.47 million ounce inferred gold resource (170,993,000 tonnes grading 0.45g/t Au with a 0.30g/t Au cut-off). The current inferred resource extends approximately 900 metres along strike of the Jethro fault which has been traced for five kilometres and is the site of three further, significant geochemical anomalies. In addition to the assay results expected to be received in the coming weeks, the field season saw soil geochemistry surveys completed to fill in previously unsampled areas of the Property, both of which will assist in guiding targets for the proposed 2022 drill campaign. In addition to the acquisition of the option agreement on the Florin Gold Project, the Company is preparing to explore its properties - Grub Line and Quinn Lake - in Newfoundland, Canada. The Grub Line property, in particular, is situated adjacent to the licenses held by New Found Gold, a company that recently announced a $45 m. non-brokered private placement by Eric Sprott, and an expansion of the current drill program at the adjacent Queensway Property to a total of 400,000 metres. As a result of the proliferation of activity in the region, St. James Gold is pleased to announce that it has amended option agreement terms for both the Grub Line and Quinn Lake properties, specifically offering additional payments to the vendors if it...