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Bullboard - Stock Discussion Forum 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... see more

TSXV:LORD - Post Discussion

St James Gold Corp > Some info about our Flagship Property—Lone Pine
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Post by rockinlady on Nov 26, 2020 3:46pm

Some info about our Flagship Property—Lone Pine

The Lone Pine property is located about 8 kilometers northwest of Houston, British Columbia, Canada and approximately 1 km north of the transcanada highway in SILVER COUNTRY! The property has some of the best SILVER and GOLD drill hole intercepts in the province at the Quartz Breccia Zone located 1 km north of the 163,000,000 tonne Alaskite Zone orebody where Molybdenum, silver and rhenium have already been delineated with a completed Preliminary Economic Assessment. DDH examples:  (Drill Hole BD-08-25: 730.90 metres @ 0.10% Molybdenum/0.15 grams per tonne Rhenium and Drill Hole BD-08-35: 753.74 metres @ 0.10% Molybdenum/0.14 grams per tonne Rhenium. These are vertical holes: half a mile straight down!

The Quartz Breccia Zone is located 1 km north of the Alaskite Zone cited above and can be accessed by several good gravel roads and has at least a couple drill sites already prepared for drilling. Around a dozen previous holes outlined a block, which in my back-of-envelope-rough-estimation would contain approximately 40,000,000 tonnes already. It appears to be open on all sides and to depth, dipping toward the Alaskite Zone 1 km to the southwest. The last exploration performed on the property—a soil analysis survey in 2015 at the northwesterly area—indicated the top of the large area of SILVER, GOLD, COPPER, MOLYBDENUM and RHENIUM mineralization also continues to the northwest, the direction of some prepared drill sites!


Some Quartz Breccia Zone drill hole values:

214.70 metres @ 70.49 grams per tonne silver

132.00 metres @ 28.86 grams per tonne silver

176.00 metres @ 19.05 grams per tonne silver

188.00 metres @ 0.54 grams per tonne gold

86.00 metres @ 0.19 grams per tonne gold

47.80 metres @ 0.50 grams per tonne gold

58.00 metres @ 0.32 grams per tonne gold

6.3 metres @ 1,483.83 silver


Base metals accompanying the silver and gold in the diamond drill holes at the Quartz Breccia Zone:


108.3 metres @ 0.090% molybdenum

104.0 metres @ 0.061% molybdenum

117.4 metres @ 0.090% molybdenum

186.0 metres @ 0.11% copper

 

Access roads and drill sites are already prepared to expand the mineralization. One more hole would be enough to show the continuous, extensive size of this fabulous orebody.
 

Remember the Equity Silver Mine, which was located about 35 km southeast of this property? It was the Largest Silver Mine in the northern hemisphere! (About 34,000,000 tonnes @ 64.9 gms SILVER and 0.46 gms GOLD!) It appears by drill intercepts we likely have another orebody of world class size and grade if we further develop the Quartz Breccia Zone by drilling. Millions of electric cars will need our silver in the future!

 

 

 

Comment by gold_strike on Nov 27, 2020 1:41am
This is the question I think on most people's minds.  With these exceptional silver drill results why would the company say that the Lone Pine was written off and not being persued in the last few Sedar filings?  (granted that they still own the property). The silver drill holes in itself should merit more exploration, so why did the new management also not mention in their one and ...more  
Comment by GenHandgrenade on Dec 04, 2020 11:43am
I figure Lone Pine has been tied up by the deal made with the chinese group who promised to put in a couple of million. That deal was probably messed up when the Huawei executive was arrested back in 2018. It looks like that is over now so onward and upward.
Comment by GenHandgrenade on Dec 04, 2020 2:57pm
Why would anybody sell now it was $1.55 (.30 cents preconsolidation) in early November 2018 and I figure its heading back to at least that. I understood they were going to drill the silver and update the PEA back then. 
Comment by gold_strike on Dec 05, 2020 12:31am
Ironically, for those like myself who do a fair amount of due diligence, the new management hadn't even mentioned Lone Pine in their initial transition to the new company, but said they were on the lookout for new properties in their only news announcement.   I also coundn't get a hold of anyone either by email or phone over the last month, so I sold after gaining about a triple ...more  
Comment by gold_strike on Dec 05, 2020 1:35am
Gen, if you carry your pre-consolidation price analysis to the extreme, it was selling at $57 a share in 2007 or thereabouts when the initial PEA for Lone Pine was announced.    In my other post I mentioned that a person holding during that time would have lost 95%....it's actually a 99% loss.  Many had predicted the pattern over the years and I think you had mentioned as much ...more  
Comment by alkyd on Dec 04, 2020 2:58pm
Hey Gen,not sure the lone pine is the target,but guess we will find out soon enough.heck of a run tho!!
Comment by GenHandgrenade on Dec 04, 2020 3:28pm
U.S. Justice Department in talks with Meng Wanzhou over deal to free the Huawei executive: report
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