St. James GOLD Corp. Announces Lidar Survey Reveals Predominant Minerlization Trends and Seven High Level Prospecting Targets at the Florin Project, Yukon Territory, Canada
ST. JAMES GOLD CORP. ANNOUNCES LiDAR SURVEY REVEALS PREDOMINANT
MINERLIZATION TRENDS AND SEVEN HIGH LEVEL PROSPECTING TARGETS AT THE
FLORIN PROJECT, YUKON TERRITORY, CANADA
Vancouver, British Columbia, July 7, 2022 - St. Jam es Gold Corp. (the “Company”) (TSXV:
LORD) (OTCQB: LRDJF) (FSE: BVU3) is pleased to announce the results from interpretation of its
2021 season, Light Detection and Ranging (“LiDAR”) survey at the Florin Project located 60 km
northwest of Mayo County, Yukon Territory, Canada which is host to the Florin Inferred Gold Resource 1.
Highlights of the LiDAR survey interpretation
Seven new areas of high prospectivity within the Fl orin Gold Property boundaries have been
identified for follow-up exploration
WSW–ENE and NNW–SSE structural controls on gold-in- soil anomalies will guide diamond
drilling in the immediate area of the Florin Gold Inferred Resource.
NW and NNE lineament populations indicate that the mineralized gold hosting intrusion may be
partially down-dropped and preserved to the northwest of the Florin Inferred Resource.
The survey covered the entire, 22,000-acre (89 km 2) area of the original Florin Project claims that
surround the Florin Inferred Resource employing LiDAR technology to discern what are the predominant,
structural trends responsible for gold mineralized emplacement of the resource and to identify other areas
within the mineral tenure claims group that display similar structural complexity as prospective sites for
further targeted exploration.
Figure 1: Coincidence of interpreted structures with the Florin Intrusion outcrop and Florin
Inferred Resource
1 The Florin Gold Project contains an inferred resour ce of 2,474,000 oz gold contained in 170,993,000 to nnes grading 0.45 g/t
with a cut-off of 0.30g/t, at a $1,650 gold price. For additional information, see the Technical Report prepared in accordance with
National Instrument 43-101 entitled Florin Gold Pro ject NI 43-101 Technical Report, Mayo and Dawson Mi ning Districts,
Yukon Territory, by Ronald G Simpson, P.Geo. of Geo Sim Services Inc., dated April 6, 2021, a copy of w ith is available under
the Company’s SEDAR profile.
Structures around the Florin Inferred Resource
Structures trending NW – SE and NNE – SSW were inte rpreted from the survey which, along with the
mapped trace of the Florin Intrusion and the trace of the Florin Inferred Resource were overlain on a
digital elevation model in and around the resource area (Figure 1). The interpreted structures show a
strong correlation with the surface trace of the Florin intrusion. This correlation also suggests that the area
to the northwest of the resource may have been down -dropped, thereby presenting a deeper target for
future drill testing.
Structures trending WSW – ENE and NNW – SSE were al so interpreted from the LiDAR survey which
were overlain on the contoured in soil gold geochem istry assays in and around the resource area (Figur e
2). The interpreted structures show a strong correlation with higher grade zones of gold-in-soil anomalism
and will guide drilling to focusing on expansion of the Florin Inferred Resource. The interpretation a lso
emphasizes a broad area east of the resource – the Treadwell Zone – which will provide a focus for the
initial holes for the 2022 drill campaign.
Figure 2: Coincidence of interpreted structures with contoured gold-in-soil geochemistry around
the Florin Inferred Resource
Structures in the wider Florin claim area
Analysis of interpreted structures in the immediate vicinity of the Florin Inferred Resource has led t o
identification of seven further, kilometric scale d omains which display broadly similar density and
orientation of structures. Historic, stream sedimen t sample and rock chip sample assay results will he lp
prioritize the order in which these areas are prospected (Figure 3).
Figure 3: High priority prospects with structural signatures similar to the Florin Inferred Resource
area
George Drazenovic, CEO of St. James Gold comments , “Interpretation of the 2021 LiDAR survey has
yielded seven new, highly prospective areas for exploration that have the same structural signature as the
area containing the Florin Inferred Resource and wi ll provide a robust stimulus for heli-supported
prospecting during the 2022 field season and beyond. Further, there is clear indication of which structures
may control the morphology of the Florin Intrusion and the main controls on gold mineralization. This
has been a useful investment for St James as we adv ance the Florin Project towards am updated and
upgraded resource statement in the coming months.”
Dr. Stewart Jackson, P.Geo., senior technical advis or 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.
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 u nder "LRDJF" and on the Frankfurt Stock
Exchange under “BVU3”. The Company is focused on cr eating shareholder value through the discovery
and development of economic mineral deposits by acq uiring prospective exploration projects with well-
delineated geological theories; integrating all available geological, geochemical, and geophysical datasets;
and financing efficient exploration programs. The C ompany currently holds: (i) 100-per-cent stake in 2 9
claims, covering 1,791 acres, in the Gander gold di strict in north-central Newfoundland located adjace nt
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 i n 19 claims, covering a total 1,730 acres, in centr al
Newfoundland located adjacent to Marathon Gold's Va lentine Lake property; and (iii) an option to
acquire up to an 85-per-cent interest in the Florin Gold Project, covering nearly 22,000 contiguous ac res
in the historical Tintina gold belt in Yukon Territory, Canada.
For more corporate information please visit: http://stjamesgold.com/
St. James Gold Corp.
For further information, please contact:
George Drazenovic, Chief Executive Officer
Tel: 1 (800) 278-2152
Email: [email protected]
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