A Quick Overview for $LORD St. James Gold Corp has a few impressive, high-grade projects that they're currently exploring. I'm just doing a quick summary of each of the 3 projects
Florin Gold Project (flagship)
- An inferred mineral resource of 2.47M ounces in 171M tonnes grading 0.45g/t Au with a cutoff grade of 0.30g/t Au
- 16,572 meters (61 holes) were previously drilled on the project
- Less than 1% of the land package has been drill tested (data suggests gold mineralization remains open in all directions)
- Nearby excellent infrastructure, road access, private airstrip, and 54km away from the Mayo Hydro Dam/town and 29km from the producing Eagle Mine
- Est cost to complete phase 1 drilling: $2.3M and phase 2: $6.77M
Grub Line Property
- Located in Newfoundland’s Gander Area
- In the vicinity of other high-grade gold projects (still relatively unexplored but has high potential). 92.96 g/t Au over 19m during 2019 drilling at the adjacent Queensway Project
- Along the Trans-Canada Highway and only 3.5km away from the town of Gander
Quinn Lake Property (700 hectares)
- Located in Central Newfoundland
- Multiple zones of high-grade gold in quartz veins and disseminated gold have been discovered in the area
- Nearby projects host 3-4+g/t Au results
- 35km away from Millertown
Overall, the projects hosted by $LORD are exceptional. With more results bound to come soon and a $4M private placement, they'll be all cashed up to explore their properties for the time being. Currently holding a $68M market cap, but I can see it hit $100M+ once new results are released and they continue to push forward their exploration plans (chart is looking primed for a comeback)