St. James GOLD Corp. Mobilizes Drill and Crews to the Florin GOLD Project IN Yukon Territory, Canada
ST. JAMES GOLD CORP. MOBILIZES DRILL AND CREWS TO THE FLORIN GOLD
PROJECT IN YUKON TERRITORY, CANADA
Vancouver, British Columbia, July 5, 2022 - St. Jam es Gold Corp. (the “Company”) (TSXV:
LORD) (OTCQB: LRDJF) (FSE: BVU3) is pleased to announce that it has commenced camp
construction and mobilized drill equipment and crew to the road accessible Florin Gold Project which i s
host to the 2.47 million ounce Florin Inferred Reso urce *, located within the Florin Project area, 60 km
northwest of Mayo County, Yukon Territory, Canada (Fig 1).
Figure 1: Location of Florin Gold Project
* 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.
The 16-member crew will oversee a diamond drill pro gram of up to 8,500 metres. The drill program is
aimed at expansion of the 2.47 million ounce inferr ed gold resource which is contained in 170,993,000
tonnes grading 0.45 g/t with a cut-off of 0.30 g/t * and sits on a northwest striking structure known a s the
Jethro Fault. Highlights of the proposed drilling campaign include:
Mobilization of crew and the initiation of camp construction
A drill program between 7,000 and 8,500 metres plan ned to increase the existing inferred gold
resource
Priority step-out drill targets adjacent to existing resource
Approximately 900 metres of a 5-kilometre structure drill-tested to date
2021 soil geochemistry results better define 2022 drill targets
Interpretation of the 2021 LiDAR survey to better define structural targets for the 2022 drill
program
The existing inferred resource is based on drilling approximately 900 metres along the strike of the f ault,
which has been traced for five kilometres and is th e site of three further, significant geochemical
anomalies. The planned program intends to drill up to 30 priority targets down to a depth of 400 metres in
two target areas:
1) Around the Treadwell Structure area in the East Zon e, adjacent to the inferred resource, where
gold in soil assays along with historic drill inter cepts and rock chip sampling assays from St
James’ 2021 field program returned high-grade gold results (see Company news release dated
April 29, 2022 and Figure 2).
Figure 2: Drill targets for 2022 drill program in the East Zone
2) In the anticipated, westerly on-strike extension of the existing inferred resource, and in the
vicinity of an historic drill hole, ICE10-028, assa ys from which returned 526m grading 0.75 g/t
Au (see Company news release dated April 29, 2022 and Figure 3).
Figure 3: West Zone 2021 Florin Project soil sampling results
Both these priority target areas support prior expl oration efforts wherein the Company traced the Jeth ro
Fault for more than five kilometres of which only 1 .2 kilometres has been partially drill tested showi ng
the current inferred resource sitting on an 875 metre section of the Fault.
George Drazenovic, CEO of St. James Gold comments , “We are launching the 2022 drill campaign to
prioritize the most prospective areas as informed b y an accumulation of data, including geochemical
work, geophysics and from previous exploration seas ons. Geological mapping, sampling, drilling and
geophysical work completed in prior seasons indicate expansion potential of the resource to the northwest
and southeast on the Jethro fault. Our key objectiv e for this season is to extend the footprint of the
inferred resource”.
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
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looking statements contained in this news release a re made based on reasonable estimates and
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perception of historical trends, current conditions and expected future developments, as well as other
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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
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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
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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-
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