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ST. JAMES GOLD CORP. Receives Exchange Approval of its Quinn Lake Property Acquisition in Newfoundland and Addresses Increase in Volume and Price of its Stock
ST. JAMES GOLD CORP. Receives Exchange Approval of its Quinn Lake Property Acquisition in...
About this update from St. James Gold Corp
[{"type":"text","content":"\n \n \n \n ST. JAMES GOLD CORP. Receives Exchange Approval of its Quinn Lake Property Acquisition in Newfoundland and Addresses Increase in Volume and Price of its Stock\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, British Columbia\n \n ,\n \n Jan. 29, 2021\n \n /CNW/ --\n \n St. James Gold Corp. (TSX – V: LORD) (OTC: LRDJF) (FSE: BVU3)\n \n , the \"Company\" has been advised that TSX Venture Exchange has accepted for filing documentation pertaining to an option agreement (the \"Agreement\") dated\n \n January 7, 2021\n \n between the Company and\n \n Herb M. Froude\n \n ,\n \n Robert Snook\n \n and\n \n Alexander S. Duffett\n \n (the \"Optionors\"), whereby the Company can acquire a 100% interest in certain mineral claims in\n \n Newfoundland, Canada\n \n known as the Quinn Lake Claims (the \"Property\"). The Quinn Lake Claims are comprised of two contiguous map-staked mineral licenses, for a landholding of 1,730 acres (the \"Property\") in the emerging prolific central\n \n Newfoundland\n \n gold district.  Entered into at arm's length, the Property is not only adjacent to Marathon Gold.'s\n \n Valentine Lake\n \n property where over 4 million ounces of gold have been evaluated to pre-feasibility, but is also situated 17 km northeast from the Marathon gold deposit and along strike of the main gold bearing structure in the district, the Valentine Shear Zone.  The Property is accessible by a network of well-maintained seasonal gravel resource roads originating at\n \n Millertown\n \n approximately 35 km to the north.\n \n \n \n \n \n The Company knows of no reason for the increase in price and volume that has occurred in their stock today other than the Company's acquisition of the Grub line property originally announced\n \n December 17, 2020\n \n and the Quinn Lake property originally announced\n \n January 15, 2021\n \n .\n \n \n The Property is located within the Exploits Subzone of the Dunnage tectonostratigraphic zone and is underlain by rocks of the Victoria Lake supergroup, a struct...