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St. James Gold Soil Sampling 2021 Campaign Enlarges Extent of Surface Gold in Soil Anomalies at the Florin Project, Yukon Territory, Canada
Vancouver, British Columbia, June 21, 2022 (GLOBE NEWSWIRE) -- St. James Gold Corp. (the “Company” or “St. James”) (TSXV: LORD) (OTCQB: LRDJF) (FSE: BVU3) is pl
About this update from St. James Gold Corp
[{"type":"text","content":" Vancouver, British Columbia, June 21, 2022 (GLOBE NEWSWIRE) -- St. James Gold Corp. (the “Company” or “St. James”) (TSXV: LORD) (OTCQB: LRDJF) (FSE: BVU3) is pleased to announce the results of its 2021 season, soil sampling program from areas adjacent to the 2.47 million ounce inferred gold resource1 (the “Florin Inferred Resource”) located within the Florin Project area, 60 km northwest of Mayo County, Yukon Territory, Canada (Fig 1). Figure 1: Location of Florin Gold Project Highlights Compilation of soil sampling results from the 2021 campaign along with historic soil and rock sampling and drilling results show that the East Zone is a highly prospective target that merits further drilling. Location of higher-grade soil sampling results in the West Zone imply that a zone of interpreted clay alteration may be underlain by a gold bearing system that merits further exploration including drilling. The program was designed to augment existing soil geochemistry surveys to extend the surface trace of gold in soil anomalies along the strike of the Jethro fault, which is the principal structural control for gold mineralization on the project. There are two grids (East and West) covering two areas of the project underlain by different lithologies and levels of erosion (Fig 2). Figure 2: Location of 2021 soil sampling grids East Zone: Results of the 2021 soil sampling program in the context of a compilation of historic data The East Zone straddles the Jethro Fault approximately 1 km east of the Florin Inferred Resource and encompasses the Treadwell area which contains two historic mining adits known as the Treadwell Adits. The 2021 soil sampling results comprise 90 samples that were assayed for gold and 35 other elements. The gold grades for the top ten samples range from 91– 503ppb Au; the top three soil samples range from 324 – 503ppb Au, all of which sit within 600m of the Treadwell Adits located in the East Zone. While the samples from the Treadwell adits yielded one sample of 11.15 g/t (11,115 ppb) Au and another of 15 g/t (15,000 ppb) Au.2 The 2021 results have been superposed on a digital elevation model base layer which outlines the following: the surface trace of the Florin Inferred Resource, the surface trace of historic gold in soil geochemistry, assay results from historic drilling and assay results from three high-grade roc...