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St James Gold Corp V.LORD

Alternate Symbol(s):  LRDJF

St. James Gold Corp. is a Canada-based gold exploration and mining company. The Company is on focused the discovery and development of economic mineral deposits by acquiring prospective exploration projects. The Company holds 29 claims, covering 1,791 acres, in the Gander gold district in north-central Newfoundland located adjacent to New Found Gold Corp.’s Queensway North project, and nine claims, covering a total of 1,730 acres, in central Newfoundland located adjacent to Marathon Gold's Valentine Lake property. The Grub Line property is located approximately 3.5 kilometers (km) west of the town of Gander, NL. The Quinn Lake Property comprises two contiguous mineral licenses totaling 700 hectares (ha).


TSXV:LORD - Post by User

Bullboard Posts
Comment by staolinon Oct 14, 2010 6:05pm
280 Views
Post# 17566389

RE: re: management update

RE: re: management update
From the Sept. 9 news release:     



'Exploration on the Property dates back to 1914 when chalcopyrite/sphalerite
mineralisation was first discovered on the Grouse Mountain Property. During the period
1915 to 1927, extensive drifting and raising was completed on two levels on the Ruby
Zone, with some work being done on the Lakeview Zone. After an approximate 30 year
hiatus, a company drilled 5,700 meters of diamond drilling and rehabilitated the
underground workings. It has been reported that there has been over 1,100 meters of
underground development completed on the Property. The claims are also prospective
for porphyritic molybdenum deposition.'

1,100m of drifting in from 1915-1927 is a decent piece of work. If you ever go hunting for abandoned mine shafts you know that they didn't just make drifts and shafts for something to do on the weekends.
Bullboard Posts