St. James Gold Corp. Announces High Grade Gold Rock Sample Results from historical Treadwell adits and the Final Batch of Drilling Results from the 2021 Field Program at the Florin Project, Yukon Territory, Canada
St. James Gold Corp. Announces High Grade Gold Rock Sample Results from historical
Treadwell adits and the Final Batch of Drilling Results from the 2021 Field Program at the
Florin Project, Yukon Territory, Canada
Vancouver, British Columbia, April 29 th , 2022 - St. James Gold Corp. (TSXV: LORD) (OTCQB:
LRDJF) (FSE: BVU3), St. James Gold Corp. (the “ Company ”) is pleased to announce assay results
from several rock sample results taken during the 2 021 field season and results from the final four
out of 16 diamond drill holes from the 2021 drillin g campaign at the Florin Gold Project located in
Mayo Mining District, Yukon Territory , Canada (Fig 1). The step-out drilling program was designed
to test areas currently defined as strip ratio within the inferred resource pit shell where 2.47M oz gold
inferred resource 1 as well as to test additional targets with step ou t drilling along the Jethro Fault,
both to the NW and SE of the resource. To date the fault has been traced for over 5 km of which
approximately 1 km has been drill tested.
Figure 1: Location of Florin Gold Project area relative to other multi-million-ounce gold projects, Yukon
Territory, Canada.
1 The Florin Gold Project contains an inferred resou rce of 2,474,000 oz gold contained in 170,993,000 t onnes grading
0.45 g/t with a cut-off of 0.30g/t, at a $1,650 gol d price. For additional information, see the techni cal report prepared in
accordance with National Instrument 43-101 entitled Florin Gold Project NI 43-101 Technical Report, Ma yo and
Dawson Mining Districts, Yukon Territory, by Ronald G Simpson, P.Geo. of GeoSim Services Inc., dated A pril 6, 2021,
a copy of which is available under the Company’s SEDAR profile.
Highlights
● Rock samples taken from the two historical Treadwel l Adits return high-grade gold assays of
11.15 g/t Au and 15.8g/t Au.
● Hole #DD21074 intercepted a vein within the main, mineralized Florin intrusion that returned
a high-grade assay of 1.5m containing 7.08ppm Au.
● The remainder of the holes in this batch show broad intersections of gold mineralization
including intermittent higher-grade intervals that will inform future drilling programs.
Drilling was completed within untested areas on the flanks of the inferred mineral resource as
well as untested areas considered as waste strip ma terial within the current inferred resource
pit.
● Exploration to date on the property including drill ing, surface mapping, rock and soil
sampling of gold anomalies has tested less than 2% of the property.
● The Florin Gold Project is a reduced-intrusion-rela ted gold deposit located in the prolific
Tintina Gold Belt. Gold mineralization tested to da te is hosted in intrusive and
metasedimentary rocks along a 1 km section of the J ethro fault that has been traced for over
5km of length.
Figure 2: Location of the high-grade rock sample sites around the historical Treadwell Adits in the East
Zone & Diamond Drill Holes mentioned in this News Release
Sample # Au
(g/t)
Ag
(g/t) Description
D87480
1 3.24 31.3 Angular subcrop blocks of ribbon-quartz vein with fine grained
sulphides including chalcopyrite
D87480
2 15.8 10.8 Oxidized rock from adit dump pile with no ticeably high SG
D87480
3 11.15 13.3 Highly mineralized, sulphidic, milky qua rtz vein with trace chalcopyrite
D87480
4 0.033 0.01 Centimetric block of oxidized quartzite with strong quartz stockwork
D87480
5 0.072 0.01 Quartz vein in rusty subcrop
D87480
6 0.14 0.01 20cm wide shear zone with associated quartz containing manganese
and sulphide traces
D87480
7 0.084 1.4 Fine grained sugary quartzite with sulphi dic traces
D87480
8 0.121 0.01 Weathered intrusive rock with blebby sul phides
D87480
9 14.85 11.8 10cm coarse grained quartz monzonite
D87481
0 0.111 3.5 Limonitic - sulphidic quartzite
D87481
1 0.016 0.01 Limonitic quartzite with sulphide traces in fractures
Table 1: Rock chip and rock grab assay results from the historical Treadwell area in the East
Zone
Grab samples are selective by nature and may not be representative of actual grades of styles of mineralization
across the property.
Table 2: Assay results for the final four diamond drill holes from the 2021 drilling campaign
Notes:
1. True widths of intersections are unknown at this time.
2. Mineralized intervals are calculated using the weighted Au average based on length of sample, a lower cut-off of
0.3 g/t Au and an upper cut-off of 1.0 g/t Au, including low grade zones no greater than 20 metres in length.
George Drazenovic, CEO of St. James Gold comments , “We are encouraged by the high-grade
rock sample results from the historical Treadwell a dit area as they are located in the kilometre-scale ,
East Zone soil gold geochemistry anomaly which is l ocated less than 500m from the edge of the
inferred resource 1. We continue to be encouraged by data collected from the 2021 exploration season
which have given us valuable information to assist in guiding future exploration programs. We
expect to report results from the 2021 soil geochem istry exploration campaign over the course of the
next few weeks as well as to outline the Company’s plans for the coming 2022 Exploration season.”
About the Rock Samples and Core Sampling
Rock samples are of a reconnaissance nature, including chip, grab and select samples and may not be
representative of a larger volume of rock.
Drill samples were one half of the sawed NQ2 drill core at a nominal 1.5 metre interval breaking at
major geological boundaries such that no sample int erval was less than 0.5 metres nor greater than
1.5 metres. The samples were submitted to ALS Canad a Ltd. prep lab in Whitehorse, Yukon for
drying, crushing and pulverization in preparation f or analysis in Vancouver of gold by Fire Assay
(Au-AA24 on a 50 gm pulp) and a suite of 33 trace e lements by four acid ICP-AES analysis. Gold
assay results measuring over 10 g/t are re-analyzed by Fire Assay using a gravimetric finish.
Hole_ID From_m To_m Length_m ppm Au
DD21074 5.6 298.7 293.1 0.22
including 5.6 23.5 17.9 0.78
and 150 180 30 0.64
including 153 154.5 1.5 7.08
286.5 288 1.5 0.72
DD21075 7 234.7 227.7 0.18
including 7 40 33 0.34
91 118 27 0.35
137.5 145 7.5 0.31
188.5 190 1.5 1.36
DD21076 7.1 222.1 215 0.18
including 8.5 16 7.5 0.77
52 76 24 0.27
173.5 175 1.5 0.51
185.5 187 1.5 0.61
DD21078 5.5 130.15 124.65 0.19
including 20.5 25 4.5 0.34
55 59.5 4.5 0.41
88 98.5 10.5 0.37
121 122.5 1.5 1.91
ALS Canada Ltd. is accredited by the International Standards ISO/IEC 17025:2017 and ISO
9001:2015. All ALS geochemical hub laboratories are accredited to ISO/IEC 17025:2017 for
specific analytical procedures.
QA/QC consisted of approximately 12% of samples and were marked as either CDN pulp Gold
Standards, Coarse Reject Duplicates or Blanks. Sta ndards and Blanks were pre-entered into the
sample tag books randomly with Coarse Reject Duplic ates being inserted in the sample chain at the
discretion of the core logging geologist.
Dr. Stewart Jackson, P Geo, senior technical adviso r geologist, and 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 has
approved this news release.
St. James Gold Corp. is a publicly traded company l isted 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 depos its by acquiring prospective exploration
projects with well-delineated geological theories; integrating all available geological, geochemical,
and geophysical datasets; and financing efficient e xploration programs. The Company currently
holds: (i) 100-per-cent stake in 29 claims, coverin g 1,791 acres, in the Gander gold district in north -
central Newfoundland located adjacent to New Found Gold Corp.'s Queensway North project; and
(ii) a 100-per-cent stake in 9 claims and an option to acquire a further 100-per-cent interest in 19
claims, covering a total 1,730 acres, in central Ne wfoundland located adjacent to Marathon Gold's
Valentine Lake property; and (iii) an option to acq uire up to an 85-per-cent interest in the Florin
Gold Project, covering nearly 22,000 contiguous acr es in the historical Tintina gold belt in Yukon
Territory, Canada.
For more corporate information please visit: http://stjamesgold.com/
For further information, please contact:
George Drazenovic, Chief Executive Officer
Tel: 1 (800) 278-2152
Email: [email protected]
Forward Looking Statements
This news release contains forward-looking statemen ts and forward-looking information within the
meaning of Canadian securities laws (collectively, “ forward-looking statements ”). Forward-
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and perception of historical trends, current condit ions and expected future developments, as well as
other factors that are believed to be appropriate a nd reasonable in the circumstances. Forward-
looking statements contained in this news release are made as of the date of this news release and the
Company will not update any such forward-looking st atements as a result of new information or if
management’s beliefs, estimates, assumptions or opi nions change, except as required by law. There
can be no assurance that forward-looking statements will prove to be accurate, as actual results and
future events could differ materially from those an ticipated in such statements. Accordingly, the
reader is cautioned not to place undue reliance on forward-looking statements.
Forward-looking statements involve known and unknow n risks, uncertainties, and other factors,
many of which are beyond the Company’s control, whi ch could cause actual results, performance,
achievements, and events to differ materially from those that are disclosed in or implied by such
forward-looking statements. Such risks and uncertai nties include, but are not limited to, the impact
and progression of the COVID-19 pandemic and other factors outlined in the Company’s Annual
Information Form dated July 26, 2021 (the “ AIF ”) filed under the Company’s profile on SEDAR at
www.sedar.com. The Company cautions that the list o f risk factors and uncertainties described in its
AIF on SEDAR are not exhaustive and other factors c ould materially affect its results. New factors
emerge from time to time, and it is not possible for the Company to consider all of them or assess the
impact of each such factor or the extent to which a ny factor, or combination of factors, may cause
results to differ materially from those contained i n any forward-looking statement. Any forward-
looking statements contained in this news release a re expressly qualified in their entirety by this
cautionary statement.
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