- St. James Gold (LORD) is pursuing exploration on the Quinn Lake Property in Newfoundland
- The company's property is adjacent to Marathon Gold's discoveries which are being geared for production
- The company has mobilized its geological and geophysical field team to pursue prospecting on the Quinn Lake Property
- The company hopes to begin reporting exploration results on a regular basis
- St. James Gold is down 13.44 per cent, trading at $4.25 at 12:25 pm ET
St. James Gold (LORD) is pursuing exploration on the Quinn Lake Property in Newfoundland.
The Vancouver-based mineral exploration and development company's property is adjacent to Marathon Gold's discoveries which are being geared for production.
The Quinn Lake Property lies immediately adjacent to Marathon’s property on the east and is flanked by the Canterra-Wilding property on its west, where multiple discovery holes have been drilled in recent campaigns.
St. James Gold has mobilized its geological and geophysical field team to pursue prospecting on its Quinn Lake Property.
"Recent significant discoveries at Keats and Valentine Lake have made the province of Newfoundland one of Canada’s highest-profile gold districts in years, and the understanding of these gold systems has increased dramatically in large part due to the recent activities of New Found Gold and Marathon Gold.
With our option agreements related to the Grub Line and Quinn Lake properties, which are adjacent to New Found Gold and Marathon Gold’s properties, respectively, we are excited to provide our shareholders exposure to the emerging Newfoundland gold rush.
The St. James field team, under the direction of Planet X Exploration Services Ltd., will seek to report results on a regular basis, and we look forward to updating our shareholders as advances develop with both Newfoundland properties," said St. James Gold CEO George Drazenovic.
St. James Gold is focused on 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 financing efficient exploration programs.
St. James Gold is down 13.44 per cent, trading at $4.25 at 12:25 pm ET.