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St James Gold Corp V.LORD

Alternate Symbol(s):  LRDJF

St. James Gold Corp. is engaged in the acquisition, exploration and development of mineral resource properties located in Canada. The Company holds a 100-per-cent stake in 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 a 100-per-cent stake in nine claims and an option to acquire a further 100-per-cent interest in 19 claims, covering a total 1,730 acres, in central Newfoundland located adjacent to Marathon Gold's Valentine Lake property. Its Grub Line property is located 3.5 kilometers 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 prospector24on Apr 26, 2012 6:20pm
58 Views
Post# 19841360

RE: Cowboy

RE: Cowboy

I'm thinking that new people coming to this board (even if they are wacked out and have nothing of constructive dialogue to add) are a good thing.  It tells me that Bard and the area of interest surrounding GTA is widening.  Good movement on GTA with an uptick on good volume and news to come out soon (perhaps early next week).  Should be some good results as there was VG noted in the core of the two holes out for assay.

 

Long term the big dollars should be spent at Lone Pine as the deposit there clearly has the earmarks of a nice silver mine (with moly credits).  Short term, the market's interest is the area play that GTA is creating.  With each batch of good results from GTA, the value of the land encompassing the GTA claims grows proportionately.  Claims in the area have increased from $100/unit to $300/unit already.  They are heading higher as GTA increases in value.

Remember, only three players are in the immediate area - GTA, Strike and Bard.  There are others coming.  It's going to be THE HOT SPOT this year in gold exploration in Canada.  Need to remember, this is a very under-explored part of the Schreiber-Hemlo belt.  Most of the previous explorers concentrated on an area within 40 km of the deposit.  While, claims were staked during the Hemlo ruch of 81-82, there was little Phase 2-type exploration in this area.  Most of the recorded work dates back to the 1930's.  I belive gold was selling for under $25 an ounce back then.

Bullboard Posts