St. James Gold Corp. Releases an Interpretation of Sentinel Satellite Imagery at the Florin Project, Yukon Territory, Canada
St. James Gold Corp. Releases an Interpretation of Sentinel Satellite Imagery at the
Florin Project, Yukon Territory, Canada
Vancouver, British Columbia, June 16, 2022 - St. Ja mes Gold Corp. ( the “Company” or “St.
James”) (TSXV: LORD) (OTCQB: LRDJF) (FSE: BVU3) is pleased to report an interpretation of the
results derived by filtering digital data from a Sentinel satellite image, selected for its coverage across the
project area at St. James’ Florin Project located in Mayo District, Yukon Territory, Canada (Fig 1).
Figure 1: Location of Florin Gold Project
Highlights
Interpretation of Sentinel satellite data reveals a n almost 9 sq km (3.5km by 2.5km in figure 2),
WNW-ESE oval shaped, iron oxide signature that enci rcles the 2.47M oz gold inferred resource
at the Florin Project (the “ Florin Inferred Resources ”).1
Filtering of the data exposes an intense iron oxide anomaly and two clay anomalies east of the
oval signature in the vicinity of the Treadwell Adi ts, and a clay anomaly west of the oval
signature, all of which may be apophyses of a kilom etric scale intrusion underlying the inferred
resource area.
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 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 GeoSim Services Inc., dated April 6, 2021, a copy of which is available under
the Company’s SEDAR profile.
Further alteration anomalies have been interpreted outside the immediate area of the Florin
Inferred Resource, but within the bounds of the exp anded Florin claim group (see St. James’
news release dated October 21, 2021).
Sentinel is a useful, first-pass tool for mapping iron and clay contents that can be used to identify areas of
iron oxide-rich gossan which may represent residual iron content from sulphide mineralization, and
epithermal clay alteration which may represent the breakdown of feldspars due to epithermal fluid flow in
and around mineralized intrusions.
In the immediate vicinity of the Florin Inferred Re source, the Sentinel data has been interpreted to s how
an oval signature for iron oxide where the long axis measures 3.5km with a WNW-ESE strike that crudely
coincides with the strike of the Jethro fault. A plausible interpretation of this oval signature is that it may
be the result of a large, granitoid intrusion at de pth that has within this signature the Florin Infer red
Resource (Fig 2).
Figure 2: Interpreted iron oxide and clay alteration anomalies around the Florin Inferred Resource
At both ends of the oval signature along the Jethro fault, there are several anomalies outlined:
a) An iron oxide anomaly located 700m ESE of the Flori n Inferred Resource, immediately to the
southwest of the Treadwell Adits, where 2021 rock s amples returned 15.8 g/t Au and 11.15 g/t
Au respectively, at the far ESE periphery of the oval signature;2
b) Two clay alteration anomalies located 500m and 1km respectively ESE of the Treadwell Adits
straddling the east end of the Jethro Fault; and
2 Grab samples are selective by nature and may not be representative of actual grades of styles of mineralization across the Florin
Gold Project.
c) A diffuse clay alteration anomaly located 2.5km WNW of the Florin Inferred Resource,
immediately north of the trace of the Jethro fault, that sits at the far WNW periphery of the oval
signature.
If the oval signature does in fact represent a larg e intrusion at depth, it is plausible to interpret these
features as the surface expression of apophyses rel ated to a granitoid intrusive whose emplacement has
been controlled by the Jethro Fault. As such, these anomalies will be targets for further prospecting,
mapping and sampling during the coming field season s. In addition to these targets, other colour
anomalies have been identified within the Boundaries of the Florin property and will be prospected in due
course.
George Drazenovic, CEO of St. James Gold comments , “These results point to exploration targets both
in the close vicinity of and probably emplaced alon g the same structure as the Florin Inferred Resourc e.
They will be prospected and sampled to ascertain wh ether they constitute drill targets aimed at possib ly
increasing the inferred resource ounces at the Flor in Gold Project. We are encouraged by the systemati c
exploration approach and at the district scale pote ntial of the Florin Gold Project keeping in mind th at a
very small percentage of these prospective targets have been drill tested.”
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 Company 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 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 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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