St James Gold Corp
LORD TSXV – LRDJF OTC
Gold To $2900/oz By 2025 – Raises $6.5 Mill
These gold mining shares are in the spotlight this week while inflation begins to boil over and interest rates rise. Gold predicted to hit $2900 US by 2025
Investors are seeking market stability and are presently adding gold to their portfolios. This is just the beginning. These shares hit a high of $5.16 US , consilodating to $2.73 US then in a breakout pushed higher to $3.45 US
The corrective phase in these shares is now behind us and a second BREAKOUT is in place. We look for a test of the $5.12 US level, a 50% rise in value.
All serious investors must place these shares on their BUY LIST
St. James Gold Corp. Is Pleased to Announce Updated Resource on the Florin Gold Project, Yukon, With an Inferred Resource of 2,474,000 Oz of Gold
Gold Mineralized Tombstone Intrusive with an Inferred Resource of 2,474,000 oz Gold Contained in 170,993,000 tonnes grading 0.45 g/t with a cutoff of 0.30 g/t
– Significant Exploration Potential on Approximately 22,000 Contiguous Acres
– Immediate Drill Ready with Class 3 Quartz Mining Land Use Permit
– Established Mining Infrastructure within the Historic Tintina Gold Belt
VANCOUVER, British Columbia , April 12, 2021 /CNW/ — St. James Gold Corp. (TSXV: LORD) (OTCQB: LRDJF) (FSE: BVU3) (the “Company” or “St. James Gold “) is pleased to announce that it has received a technical report prepared in accordance with National Instrument 43-101 entitled Florin Gold Project NI 43-101 Technical Report, Mayo and Dawson Mining Districts, Yukon Territory , by Ronald G Simpson, P.Geo. of GeoSim Services Inc., dated April 6 , 2021 (the “Technical Report”).
The Florin Gold Project contains an inferred resource of 2,474,000 oz gold contained in 170,993,000 tonnes grading 0.45 g/t with a cutoff of 0.30g/t, at a $1,650 gold price. This represents a 27% increase in total ounces of gold over the historical 2012 inferred resource (Cole, 2012). In addition, the resource has been upgraded from a block model and now includes a pit whittle shell.
St. James Gold recently announced entering into an Option and Joint Venture Agreement (the “Transaction”) with Florin Resources Inc. (“Florin”), effective April 1, 2021 to acquire up to a 100% interest in the Florin Gold Project, covering approximately 22,000 contiguous acres (the “Property”) in the historic Tintina Gold Belt in the Yukon Territory , Canada. The Transaction remains subject to the approval of the TSX Venture Exchange.
The Property lies within the Tintina Gold Belt where several major intrusive related gold deposits have been delineated and produced over the past few decades. These include Kinross Gold Corporation’s Fort Knox Project proven and probable reserves of 3.37 m . ounces gold in 155 m . tonnes grading 0.37 g/t gold, plus past production of 7.5 m . oz gold: (J. Sims 2017 NI 43-101 Report); and Victoria Gold Corp.’s Eagle and Olive deposits with mineral resource estimates, (inclusive of proven and probable reserves of 3,261,000 oz gold in 155 m . tonnes grading 0.65 g/t gold at $1,275 /oz gold), which stand for Eagle at: measured and indicated 4,397,000 oz gold, in 217.4 m . tonnes grading 0.63 g/t gold, and inferred 361,000 oz gold in 21.5 m . tonnes grading 0.52 g/t gold; and for Olive measured and indicated 329,000 oz gold, and 645,000 oz silver, in 9.5 m . tonnes grading 1.98 g/t gold, and inferred 210,000 oz gold and 400,000 oz silver in 7.3 m . tonnes grading 0.89 g/t gold (2019 NI 43-101 Report).
The Florin Gold Property consists of 22,000 acres of contiguous mineral claims straddling the Mayo and Dawson Mining District boundaries and is located approximately 55 km northwest of the town of Mayo and 130 km east-southeast of Dawson City. The Property is accessible via a network of roads from the Klondike Highway and is close to power infrastructure via the Mayo Hydro Dam and Victoria Gold’s operations located 29 km due east.
The Property was expanded subsequent to the 2012 report to cover gold geochemical anomalies located during several soil geochemical surveys over the length of the 5 km property. These geochemical anomalies extend over much of the 22,000 acres of gold-mineralized Tombstone intrusive rock complex, as outlined in the current Technical Report.
Previous drilling was confined to the main gold resource area up to and during 2011. While past exploration has established the previously reported inferred resource, the exploration potential remains open in all directions, both laterally and extending to depth.
The Technical Report recommends two phases of exploration totalling $23,000,000 as to $8,500,000 in Phase I, and contingent upon results from Phase I, an expenditure of $14,500,000 in Phase II. Recommended work includes compiling all geological, geochemical and geophysical data, filling in gaps in the extensive geochemical surveying, base line environmental studies, check sampling of previous drill core materials, and drilling in two phases: 20,000 metres Phase I and 40,000 metres Phase II.
A Preliminary Economic Analysis (PEA) including engineering studies, and a mineral resource update are also recommended in Phase II.
The Property represents a dome rising 500 metres above the surrounding valley elevation of 1,000 meters. The inferred resource is located within this large prospective intrusive host rock dome that extends over 5 km in outcrop length. A large airborne magnetic signature under the claims reflects a large intrusive body possibly extending to over 1,000 meters in depth, thus suggesting a gold potential comparable in geological setting to the Tombstone porphyry suite deposits found elsewhere in the district.
As stated by George Drazenovic , CEO of St. James Gold Corp., “We are buoyed by the updated resource for the Florin Gold project and are eager to c ommence our exploration of what we believe to be one of the largest undeveloped pure gold resource projects in the Yukon. The inferred resource remains open in all directions and at depth, and in addition, there are several large untested zones. The inferred resource represents only a modest portion of the extensive land package, and the compiled geochemical and geophysical data suggest that gold mineralization remains open in all directions.”
The Florin Gold Project is Drill Ready
Florin, as operator for the Property, holds a Class 3 Quartz Mining Land Use Permit, allowing for an immediate drilling program this summer. A joint technical committee comprised of representatives from Florin and St. James Gold will be formed to implement a work program.
Dr. Stewart Jackson , P Geo, senior technical adviser geologist, a Qualified Person within the meaning of National Instrument 43-101 (Standards of Disclosure for Minerals Projects), has reviewed and approved the technical and scientific information presented herein as accurate and approved this news release.
About St James Gold Corp.
St. James Gold Corp. is a publicly traded company listed on the TSX Venture Exchange under the ticker “LORD”, in the U.S. Market listed on OTCQB under “LRDJF” and on Frankfurt Stock Exchange under “BVU3”. The company is focused on creating shareholder value through the discovery and development of economic mineral deposits by acquiring prospective exploration projects with well delineated geological theories, integrating all available geological, geochemical and geophysical datasets, and funding efficient exploration programs. The Company currently holds both an option to acquire a 100% interest in 29 claims covering 1,791 acres in the Gander gold district in north-central Newfoundland adjacent to New Found Gold Corp.’s Queensway North project, and an option to acquire a 100% interest in 28 claims covering 1,730 acres in central Newfoundland adjacent to Marathon Gold’s Valentine Lake property. The Company also announced an Option and Joint Venture Agreement effective April 1, 2021 to acquire up to a 100% interest in the Florin Gold Project, covering nearly 22,000 contiguous acres in the historic Tintina Gold Belt in the Yukon Territory. For more corporate information please visit: http://stjamesgold.com/
George Drazenovic , CPA, CGA, MBA, CFA
ST. JAMES GOLD CORP. (TSX-V: LORD) ANNOUNCES APPOINTMENT OF 2 SENIOR LEVEL GEOLOGISTS TO ITS TECHNICAL TEAM AND THE FORMATION OF A SENIOR TECHNICAL COMMITTEE
Vancouver, British Columbia, April 23, 2021 (GLOBE NEWSWIRE) — St. James Gold Corp. (TSX-V: LORD) (OTC: LRDJF)(FSE: BVU3) the “Company” is pleased to announce the appointment of its technical advisory team and formation of a technical committee in anticipation of upcoming gold exploration activities on its option on the Florin Gold Project in the Yukon Territory, Canada and its projects in Quinn Lake and Grub Line located in Newfoundland and Labrador, Canada. In total, these two team members alongside our VP of Exploration, Stewart Jackson and the three members from the Florin Gold Project’s technical team, bring over 100 years of exploration and mining experience. These appointments represent a key advancement to overseeing drill budgeting in the Yukon and Newfoundland as the Company prepares for an active 2021 exploration season.
The Company’s technical committee will consist of the below team members.
Bruno Barde, M Sc., P. Geo
As a Senior Technical Advisor for the Company, Mr. Bruno Barde, M Sc., P. Geo, brings with him nearly a 40-year career managing large mineral exploration programs in North America, South America, Africa, and Europe, and transforming exploration focused entities to quality producers. Mr. Barde has executed extensive exploration programs, resource calculations and preliminary economic assessments (PEAs), and participated in feasibility studies leading to mine production. Among his projects, he has successfully conducted numerous multi-million dollar exploration programs including the Takla Star/NDT Joint Venture at Voisey’s Bay, a $15 million exploration/ development in the Democratic Republic of Congo, and $10 million exploration program in Sonora, Mexico, today a project targeting near-term gold production. As an executive and director of numerous public companies, Mr. Barde was also directly involved in numerous acquisitions including the 3.2 m. oz Mulatos gold deposit in Mexico and, as President of Placer Dome de Venezuela, the final negotiations on Las Cristinas, Venezuela.
A Qualified person under NI 43-101, Mr. Barde graduated from the University of Geneva, Switzerland with both a M. Sc. and B. Sc. in Geology. He will be primarily tasked to assist the Company with its exploration activities in the Yukon and provide support for its Newfoundland assets.
Peter Stokniki, MESci
Peter Stokniki, MESci, as a Geological Consultant, is a geoscientist with a background in exploration geology and geophysics. He brings experience in fieldwork related activities using multiple geophysical techniques, data processing and GIS, and geophysical inversion of TMI magnetic data. Peter has international experience in geospatial analysis, geochemistry and QA QC of analytical work, and the building of geological models and processing of geophysical data.
Peter holds a Master of Earth Sciences in Exploration and Resource Geology from Cardiff University, UK and has studied. His research expertise includes geoscience investigations of Platinum Group Elements mineralization in mafic-ultramafic rocks in Lapland (Finland) and on epithermal gold deposits in Andalucía, Spain. His recent projects include geophysical investigations in the UK and gold exploration projects in Ireland and Canada.
Part of St. James newly formed technical committee will be the addition of three members from the Florin Gold Project’s technical advisor team. These members are as follows:
Corwin (Cor) Coe, B.Sc., P.Geo.
Mr. C. Coe has over 35 years’ experience in the mining industry working primarily in Arizona, Nevada and the Yukon and has put two mines into production in the past.
Mr. C. Coe is a Professional Geologist, Mining Engineering Technologist and Gemologist, holding a Bachelor of Science degree in Earth Sciences from Simon Fraser University and a Diploma in Mining Engineering Technology from the British Columbia Institute of Technology. He is a member of the Association of Professional Engineers and Geoscientists of British Columbia (APEGBC), the Northwest Territories and Nunavut Association of Professional Engineers and Geoscientists (NAPEG) and the Association of Applied Science Technologists and Technicians of British Columbia (ASTTBC). Mr. C. Coe has been a director and/or officer of several successful public mining companies and previously was a fully licensed Investment Advisor and branch manager of a national brokerage firm.
R. Allan Doherty P. Geo.
Al Doherty is the principal of Aurum Geological Consultants Inc, a geological Yukon focused consulting firm in operation since 1984. Mr. Doherty has expertise over the past 4 decades on the Clear Creek area in regards to Reduced Intrusion related gold systems, Antimony Mountain, Mike Lake, Ida-Oro and Panorama Ridge. Mr. Doherty has had two tenures as President of the Yukon Chamber of Mines and served as a Director of the Prospectors & Developers Association of Canada (PDAC) from 1996-2005, and was a board member for the Yukon Minerals Advisory Board. Mr. Doherty has organized and lectured the Yukon chamber of mines basic and advanced prospecting courses from 1988 to 2018. Mr. Doherty was involved in the steering group that formed the Yukon Mine Training Association beginning in 2005 and has been active as a board member to 2010 and served as the board Chair for two years. Mr. Doherty has also worked extensively with noted prospector Shawn Ryan from 2000 – 2011 as well as numerous junior exploration companies in the White Gold district and throughout the Yukon. Notably he worked with Underworld Resources during the initial early exploration phases at White Gold and was the logging geologist who noted the first visible gold in drill core.
Mr. Doherty has extensive experience with regional geological mapping having previously been under contract with the governments of British Columbia, Newfoundland and Labrador and subsequently managing and working on regional geological mapping under contract to a Canadian federal agency over parts of Whitehorse area. Mr. Doherty worked for AGIP Canada Limited in the North West Territories and the Yukon as a project geologist during the discovery of the Mt. Skukum epithermal gold-silver deposit in the Wheaton River valley. International experience also includes consulting work in Alaska, Nevada, China, Brazil, and the Philippines. Mr. Doherty has held both senior and management and director positions with junior exploration companies and has authored or co-authored numerous NI 43-101 reports. Mr. Doherty holds a BSc. (Honours) in Geology from the University of New Brunswick (1977) and has been a registered Professional Geologist APEGBC since 1993.
Ryan Coe, B.Sc., MBA
Mr. R. Coe has over 20 years of experience working in mineral exploration. As the founder and president of Fox Exploration Ltd., he has presided over a number of exploration projects across Arizona, British Columbia, the Yukon Territory and Nunavut. His expertise encompasses a range of exploration activities from initial land acquisition and grassroots evaluation to drilling advancement and site reclamation. He currently sits on the board of a publicly traded company and is also the founder or co-founder of several privately held companies that span across multiple sectors including digital media, health and wellness, apparel, residential development and mining. Mr. R. Coe holds an MBA from University Canada West and a B.Sc. from the University of Victoria.
As stated by George Drazenovic, CEO of St. James Gold , “ St James Gold’s recent acquisitions and ongoing drill-target generation for 2021 field season will benefit from the technical expertise of our technical team members. With over 100 years of exploration, knowledge and experience in leading international and domestic exploration programs, contract negotiations and procurement, we are delighted to bring Bruno to St. James Gold Corp. His experience will be invaluable as we look to leverage our assets and bring value to our shareholders.
We are also excited to bring Peter’s expertise and have him add to the skill set already assembled within the present technical team. He will be tasked with building the geological database and model for the company’s current exploration mineral assets and new acquisitions and be involved in the day-to-day fieldwork activities including the supervision of core logging and sampling, acquisition of data and data verification for resource modeling. As part of building a technical team at St James Gold Corp. , the company would like to welcome Peter Skotnicki as in-house Geological Consultant. ”
The establishment of a technical advisory team and formation of a technical committee is a key milestone that will help the Company unlock the value of its exploration assets. The Company will also appoint members of its advisory team to the advisory committee overseeing the proposed $20 million work exploration program as part of the option on the Florin Gold Project in the Yukon Territory.
As stated by Dr. Jackson, VP of Exploration, “ I am excited for the opportunity to work with the newly established advisory team and committee, and to utilize their breadth of experience in resource projects and public companies, particularly as St. James Gold ramps up its activities for the upcoming exploration season. ”
The Company’s option on the Florin Gold Project remains subject to TSX Venture Exchange approval and further details on the option are disclosed in the Company’s news release dated April 6, 2021 (a copy of which is available under the Company’s SEDAR profile at www.sedar.com ).
About St James Gold Corp.
St. James Gold Corp. is a publicly traded company listed on the TSX Venture Exchange under the trading symbol “LORD”, in the U.S. Market listed on OTCQB under “LRDJF” and on the Frankfurt Stock Exchange under “BVU3”. The company is focused on creating shareholder value through the discovery and development of economic mineral deposits by acquiring prospective exploration projects with well delineated geological theories, integrating all available geological, geochemical and geophysical datasets, and funding efficient exploration programs. The Company currently holds both an option to acquire a 100% interest in 29 claims covering 1,791 acres in the Gander gold district in north-central Newfoundland adjacent to New Found Gold Corp.’s Queensway North project, and an option to acquire a 100% interest in 28 claims covering 1,730 acres in central Newfoundland adjacent to Marathon Gold’s Valentine Lake property. The Company also announced an Option and Joint Venture Agreement dated April 1, 2021 to acquire up to a 100% interest in the Florin Gold Project, covering nearly 22,000 contiguous acres in the historic Tintina Gold Belt in the Yukon Territory. This acquisition remains subject to TSXV approval. For more corporate information please visit: http://stjam e sgold.com/
Forward Looking Statements
This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, “forward-looking statements”) that relate to St James Gold’s current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as “will likely result”, “are expected to”, “expects”, “will continue”, “is anticipated”, “anticipates”, “believes”, “estimated”, “intends”, “plans”, “forecast”, “projection”, “strategy”, “objective” and “outlook”) are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release.
Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond St James Gold’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to, the impact and progression of the COVID-19 pandemic and other factors. St James Gold undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for St James Gold to predict all of them, or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.
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