St. James GOLD Corp. Announces Secures and Pays Deposits to an Established Drill Contractor to Complete 7,000 Meters of HQ-NQ2-NQ Diameter Diamond Drilling at Florin GOLD Project, Yukon Canada
ST. JAMES GOLD CORP. ANNOUNCES SECURES AND PAYS DEPOSITS TO AN
ESTABLISHED DRILL CONTRACTOR TO COMPLETE 7,000 METERS OF HQ-NQ2-NQ
DIAMETER DIAMOND DRILLING AT FLORIN GOLD PROJECT, YUKON CANADA
Vancouver, British Columbia, June 9, 2022 - St. Jam es Gold Corp. (TSXV: LORD) (OTCQB:
LRDJF) (FSE: BVU3) ,( the “ Company ” or “ St. James Gold ”) is pleased to announce that its Operator
at the Florin Gold Project (as defined below), has assisted in securing and paying deposits to an
established drill contractor to complete 7,000 mete rs and up to 8,500 meters of HQ-NQ2-NQ diameter
diamond drilling with the option to add a second dr ill to expand the program to in excess of 12,000
meters for the 2022 drill season, at its district-scale, 89 square-kilometer Florin Gold Project (the “ Florin
Gold Project ”) located in the prolific Tombstone gold belt of the Yukon Territory, Canada (Figure 1).
Fig 1. Location of St. James’ Florin Gold Project, Yukon Territory.
Further, the Company has retained Fox Exploration L td to provide camp and access support services for
the planned drill program at the Florin Gold Project.
Drilling at the Florin Gold Project this season is expected to be focused on expansion drilling adjacent to
the existing inferred resource which currently cont ains an inferred mineral resource of 2,474,000 ounc es
of gold in 170,993,000 tonnes grading 0.45 g/t gold, with a cut-off grade of 0.3 g/t gold at a gold pr ice of
41,650 per ounce (see the Company’s news release dated June 8, 2021, a copy of which is filed under the
Company’s SEDAR profile at www.sedar.com).
Prior drill programs at the Florin Gold Project hav e returned gold mineralization from surface to dept h
with intercepts and grades comparable to similar in trusion-related gold deposits in the region, includ ing
Victoria Gold’s Eagle and Olive gold deposits. The current resource area spans approximately 900 meters
on strike along the NW, “Jethro” fault which, throu gh multiple exploration programs, has now been
traced for a distance in excess of five kilometers. In addition to expansion drilling to test for pote ntial
mineral on adjacent to the existing inferred resour ce area, the Company intends to test other encourag ing
geochemistry targets, in particular: those in and around the Treadwell adits immediately to the east of the
inferred resource area which have returned high gra de rock grab samples containing up to 15.85 g/t Au
(see St. James Gold’s news release dated April 29, 2022); and an area of possible clay alteration
supported by nearby gold in soil anomalies approximately two kilometers west northwest on strike within
the Jethro fault that has been traced for in excess of 5 km. Grab samples are selective by nature and may
not be representative of actual grades of styles of mineralization across the Florin Gold Project.
Oversight of the Florin Gold Project is being provided by a 6-member Geoscientist Technical Committee
with input from consultants which has currently ide ntified a number of high priority targets across in
excess of 30 drill holes at an estimated 300 + mete rs each. The Company anticipates mobilizing for the
2022 exploration drill program at the Florin Gold P roject shortly and the Company will provide further
updates in subsequent news releases in the coming weeks.
Historic highlights from the Florin Gold project: ***
Hole Number From (meters) To (meters) Interval (met ers) Au g/t
DD03-12 4.71 162.15 157.44 0.75
DD04-14 3.82 217.38 213.56 0.81
DD04-18 16.01 220.68 204.67 0.85
DD05-19 0 190.2 190.2 0.60
DD05-20 110.97 308.85 197.88 0.84
inc 122.47 227.38 104.91 1.07
and 157.6 186.23 28.63 1.60
DD05-21 42.83 106.4 63.76 1.13
inc 74.15 106.4 32.25 1.60
DD05-22 4.27 156.36 152.89 0.62
ICE10028 0 526.57 526.57 0.75
inc 48.5 149.9 101.4 1.41
and 87.5 102 14.5 4.23
and 446 475.05 29.05 1.25
and 488.4 508.75 20.35 1.83
ICE 10029 4.5 455.5 451 0.58
ICE 10030 26 294.5 268.5 0.72
DD21065 3.7 184 180.3 0.40
inc 14 18.5 4.5 1.55
and 24.5 29 4.5 1.02
and 44 56 12 0.58
and 71 103.5 32.5 0.44
and 162 174 12 0.44
Hole Number From (meters) To (meters) Interval (met ers) Au g/t
DD21068 9 307.85 298.5 0.32
inc 79 86.5 7.5 0.59
and 121 125.5 4.5 0.55
and 179.5 202 22.5 0.57
and 278.5 302.5 24 0.51
(Simpson and Jackson 2021)
***Since the intercepts lie within a disseminated d eposit with mineralization starting at surface and
extending beyond the deepest intercepts, and the mineralized zone is laterally extensive, the intercepts are
interpreted to represent true thickness of the mineralization.
Previous anomalous soil samples, from trace up to 4 ,256 ppb gold, extend over a broad zone extending
well beyond the footprint of the indicated resource, particularly to the northwest and southeast.
“With a highly experienced drill contractor secured, the Company is in an excellent position to further the
Florin Gold Project,” stated George Drazenovic, Chief Executive Officer of St. James Gold . “The prior
drill results, include hole ICE 28, being 526 metres of 0.75 g/t Au mineralized from surface and ending in
mineralization . The broader intercept also includes a near surface higher grade intercept of 101.4 metres
at 1.41 g/t. The current inferred resource remains open both laterally and at depth. We are looking
forward to the 2022 drilling program as well as con tinuing exploration efforts at other prospective ta rget
areas within the district-scale property.”
St James’ Operator has a Class 3 Mining Land Use Pe rmit for the Florin Gold Project claim blocks,
comprising the 89 square km Florin Gold Project. Th e Class 3 permit, valid until November 19, 2025,
will allow St. James Gold to complete advanced expl oration activities across the Florin Gold Project
claim blocks. The Class 3 land use permit will allo w St. James Gold’s Operator to aggressively move
forward to drill test several priority targets acro ss the district-scale Florin Gold Project in 2021 a nd
beyond.
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]
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 ”). All other statements
that are not historical facts, particularly statements that express, or involve discussions as to, expectations,
beliefs, plans, objectives, assumptions or future e vents or performance of the Company. Often, but not
always, forward-looking statements can be identifie d through the use of words or phrases such as “will
likely result”, “are expected to”, “expects”, “will continue”, “is anticipated”, “anticipates”, “belie ves”,
“estimated”, “intends”, “plans”, “forecast”, “projection”, “strategy”, “objective” and “outlook”. Forward-
looking statements contained in this news release a re made based on reasonable estimates and
assumptions made by management of the Company at th e relevant time in light of its experience and
perception of historical trends, current conditions and expected future developments, as well as other
factors that are believed to be appropriate and rea sonable 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 statements as a result of new information or if management’s
beliefs, estimates, assumptions or opinions change, except as required by law. There can be no assuran ce
that forward-looking statements will prove to be ac curate, as actual results and future events could d iffer
materially from those anticipated in such statement s. Accordingly, the reader is cautioned not to plac e
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, which 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 uncertainties include, but are not limited to, the impact and progression o f 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 ww w.sedar.com. The Company
cautions that the list of risk factors and uncertai nties described in its AIF on SEDAR are not exhaust ive
and other factors could 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 any factor, or combination of factors, ma y
cause results to differ materially from those conta ined in 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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