ST. JAMES GOLD CORP. (TSX-V: LORD) COMPLETE THE GROUND


Vancouver, British Columbia, October 12, 2021 (GLOBE NEWSWIRE) – St. James Gold Corp. (the “Company” (TSXV: LORD) (OTCQB: LRDJF) (FSE: BVU3) is pleased to announce that the Company has completed a geochemical soil sampling program to demonstrate the potential for strike extensions of inferred gold resources of 2.47 million ounces (170,993,000 tonnes grading 0.45 g / t Au with a cut of 0.30 g / t Au -off) located on the Jethro fault zone at the Florin project located in the Mayo district, Yukon Territory, Canada.

Two areas were sampled:

i) WNW of the inferred resource area, 310 samples were taken at 50 m intervals along grid lines spaced 100 m apart, NS trending, covering an overall area of ​​1.3 km2;

ii) SEA of inferred resource area, 111 samples were taken at 50 m intervals along grid lines spaced 100 m apart, NS trending covering an overall area of ​​0.6 km2.

These areas have been selected as the areas most likely to show extensions of the Florin intrusion which will provide high probability targets for the drilling campaign planned for the 2022 field season. The first results of the analyzes are expected before the end. October 2021.

George Drazenovic, CEO of St. James Gold, said: “In addition to the recently completed drilling campaign, the Florin team has successfully sampled areas around the existing inferred resource. The two sampled areas overlap with the planned extension of the existing inferred resource; and the upcoming assay results should provide encouraging targeting criteria for the planning of drill collars for the 2022 field season. ”

Dr. Stewart Jackson, P Geo, Senior Technical Advisor Geologist and Qualified Person within the meaning of National Standard 43-101 (Standards of Disclosure for Minerals Projects), has reviewed and approved the technical and scientific information presented herein as accurate and approved this press release.

About St James Gold Corp.

St. James Gold Corp. is a company listed on the TSX Venture Exchange under the symbol “LORD”, on the US market listed on the OTCQB under the symbol “LRDJF” and on the Frankfurt Stock Exchange under the symbol “BVU3”. The Company is focused on creating shareholder value through the discovery and development of economical mineral deposits by acquiring potential exploration projects with well-defined geological theories, integrating all geological, geochemical and geophysical datasets. available and funding effective exploration programs. The Company currently holds both an option to acquire a 100% interest 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 85% interest in the Florin gold project, covering nearly 22,000 contiguous acres in the gold belt. history of Tintina, Yukon Territory. For more information about the company, please visit: http://stjamesgold.com/

St. James Gold Corp.
For more information, please contact:
George Drazenovic, President and CEO
Phone : 1 (800) 278-2152
E-mail: [email protected]

Forward-looking statements

This press release contains forward-looking statements and forward-looking information within the meaning of Canadian securities laws (collectively, “forward-looking statements“). The forward-looking statements contained in this press release concern, among others: the issuance of ordinary shares following the exercise of options and all other statements which are not historical facts, in particular statements which express or involve discussions regarding expectations, beliefs, plans, objectives, assumptions or future events or performance of the Company. Often, but not always, forward-looking statements can be identified by the use of words or phrases such as “likely to result”, “likely will”, “expects”, “will continue”, “is expected”, “Anticipates”, “believes”, “estimates”, “intends”, “plans”, “plans”, “projection”, “strategy”, “objective” and “outlook”. The forward-looking statements contained in this press release are based on reasonable estimates and assumptions made by the management of the Company at the relevant time in light of its experience and its perception of historical trends, current conditions and expected future developments. , as well as other factors considered appropriate and reasonable in the circumstances. The forward-looking statements contained in this press release are made as of the date of this press release and the Company will not update these forward-looking statements as a result of new information or if the beliefs, estimates, assumptions or opinions of management change. , except as required by law. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Therefore, the reader is cautioned not to place undue reliance on forward-looking statements.

Forward-looking statements involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company, which could cause actual results, performance, achievements and events to differ materially from those which are disclosed or implied by these forward-looking statements. staring statements. These risks and uncertainties include, but are not limited to, the impact and progression of the COVID-19 pandemic and other factors described in the Company’s annual information form dated July 26, 2021 (the “FIA”) Filed under the Company’s profile on SEDAR at www.sedar.com. The Company cautions that the list of risk factors and uncertainties described in its annual information form on SEDAR is not exhaustive and that other factors could have a material impact on its results.

New factors emerge from time to time, and it is not possible for the Company to consider all of them, or to assess the impact of each of these factors or the extent to which any factor, or a combination of factors, may cause results to differ materially from those contained in any forward-looking statement. All forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATORY SERVICES PROVIDER (AS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS COMMUNICATION.


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