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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

Comment by GenHandgrenadeon Dec 21, 2020 1:16pm
184 Views
Post# 32153539

RE:RE:RE:RE:RE:RE: stock price — thoughts

RE:RE:RE:RE:RE:RE: stock price — thoughts From their LORD's June MD&A..................................................................................................CANADA Bard’s principal resource property during the nine month period ended June 30, 2020 was the Lone Pine property located in British Columbia. In 2009 and 2011, the Company completed a National Instrument 43-101 compliant resource estimate and a preliminary economic assessment (“Reports”), respectively. The Reports showed favorable economic potential as an open pit mine producing Mo and Cu concentrates. During the year ended September 30, 2019, the Company is no longer pursuing the Lone Pine property and recognized an impairment of $271,230. During the nine months ended June 30, 2020, the Company incurred exploration expenditures of $8,176 which were primarily comprised of $6,000 for Lone Pine property core storage. During the comparative period ended June 30, 2019, the Company incurred exploration expenditures of $8,397 on the Lone Pine Property. On June 26, 2020, the Company issued 208,334 common shares at fair value of $17,709 in order to satisfy annual royalty payment obligations for the company to maintain 100% working interest in the Lone Pine mineral claims.
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