St. James GOLD Corp. Completes 15 Drill Holes to Increase Inferred Resources at the Florin Project, Yukon Territory, Canada
ST. JAMES GOLD CORP. COMPLETES 15 DRILL HOLES TO INCREASE INFERRED
RESOURCES AT THE FLORIN PROJECT, YUKON TERRITORY, CANADA
Not for distribution to U.S. news wire services or dissemination in the United States.
Vancouver, British Columbia, October 21, 2021 - St. James Gold Corp. (the “Company”) (TSXV:
LORD) (OTCQB: LRDJF) (FSE: BVU3) is pleased to announce that it has completed its 2021 field
season drill program at the Florin Gold Project located in Mayo Mining District, Yukon Territory, Canada
(the “Florin Gold Project” – Figure 1).
Figure 1: Location of Florin Gold Project area relative to other multi -million-ounce gold projects,
Yukon Territory, Canada.
The Company completed 3,613m of diamond drilling on the property to extend mineralization of the 2.47
million ounce inferred gold resource (170,993,000 tonnes grading 0.45g/t Au with a 0.30g/t Au cut -off)
which sits on the northwest striking Jethro Fault.
Of this, 1,324m of drilling was focused on the inferred resource area and on encouraging inte rpretations
for structurally controlled extensions of the inferred resource in adjacent West and East Zones of the
Jethro Fault (1,308m and 980m respectively – Figure 2).
Figure 2: Diamond drilling completed at Florin Gold Project, 2021 field season
The current inferred resource extends approximately 900 metres along strike of the fault which has been
traced for five kilometres and is the site of three further, significant geochemical anomalies. The assay
results from these holes are pending and exp ected to be received in the coming weeks, along with soil
geochemistry survey results, both of which will assist in guiding targeting for the proposed spring 2022
drill campaign.
A LiDAR Survey over the entire claim block w as completed in early September , that will assist in
structural interpretations.
George Drazenovic, CEO of St. James Gold comments , “In spite of a late start in the season, the field
team has done well to complete these holes which are intended to test projected extensions of
mineralization adjacent to the inferred resource (Figure 2) at the Florin Project. The Company will be
reporting the assay results from these holes in the near future and, after further analysis and consideration,
will make use of this important data to direct further drilling next field season.”
Dr. Stewart Jackson, P Geo, senior technical advisor 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 TSXV under the trading symbol
“LORD”, in the U.S. Market lis ted on the OTCQB under the trading symbol “LRDJF” and on the
Frankfurt Stock Exchange under the trading symbol “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% inte rest 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, as amended, to acquire up to an 85% interest in
the Florin Gold Project, covering nearly 22,000 contiguous acres in t he historic Tintina Gold Belt in the
Yukon Territory. 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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