- Drilling has focused on expanding the 2.47Moz gold inferred mineral resource
- Seven out of 18 planned coring holes drilled so far
- Logging shows potential mineralization
- St. James Gold is engaged in acquiring, exploring, and developing mineral resource properties in Canada
- St. James Gold Corp. (LORD) opened trading at C$4.08 per share
St. James Gold Corp. (LORD) is pleased to provide an update on the 2021 drilling campaign at its Florin Project in Yukon, Canada.
The 2021 campaign has been directed towards drilling further mineralization in order to increase the overall 2.47Moz gold inferred resource (2.47-million-ounce inferred gold resource (170,993,000 tonnes grading 0.45g/t Au with a 0.30g/t Au cut-off) at the Florin Project in the Yukon.
The focus has been on areas adjacent to the existing inferred resource in areas where anomalous gold results have been returned from soil sampling in previous seasons.
In spite of only having a week to mobilize, the team has managed to drill 1,275m in seven holes so far, with platforms prepared for another 11 holes.
The summary logs describe intervals of fine-grained sulphides hosted in intrusive and metasedimentary rocks, typical of the mineralized lithologies in the project.
Any holes that remain undrilled this season will be prioritized when the field season re-opens in Q2, next year.
Work has begun to map sites of historic artisanal mining identified next to dumps that have yielded gold-bearing grab samples.
Satellite imagery has been ordered to guide prospecting, mapping and sampling in order to better understand the distribution of mineralization in and around the Florin intrusion.
CEO George Drazenovic commented on the campaign’s progress.
“We are pleased with the start-up progress on the Q3 2021 core drilling campaign at the Florin Project which is targeting areas adjacent to known gold mineralization with the intention of adding ounces to the existing inferred Resource figure of 2.47Moz Au. The prospecting campaign being undertaken in tandem aims to identify new areas of mineralization which will be the target of future drill campaigns along with the West and Treadwell Zones. In the background, we welcome the ongoing support of Resource Geologist Trevor Rabb at Equity Exploration Consultants Ltd. who is consolidating the existing database, ready to include upcoming assay results from this season’s drill campaign”.
St. James Gold is engaged in acquiring, exploring, and developing mineral resource properties in Canada.
St. James Gold Corp. (LORD) opened trading at C$4.08 per share.
