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More Drilling Results from Yukon Gold Project

Stockhouse Editorial
1 Comment| April 15, 2022

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(Location of Florin Gold Project area relative to other multi-million-ounce gold projects, Yukon Territory, Canada. Map via St. James Gold Corp. Click to enlarge.)

After releasing news of an already successful drill program, St. James Gold Corp. (TSX-V: LORD, Forum) delivered assay results from a further six out of 16 diamond drill holes from the 2021 drilling campaign at the Florin Gold Project located in the Mayo Mining District, Yukon Territory, this week.

The step-out drilling program was designed to test gold in soil geochemical targets in proximity to the current 2.47M oz gold inferred resource with step out drilling to the northwest and south east along the Jethro Fault. Additionally, areas currently defined as strip ratio material within the inferred resource pit shell were also drill tested. To date the Jethro Fault has been traced for more than 5 km, of which approximately 1.3 km has been drill tested.

Drill hole DD21068 was collared 380 metres to the east of the current inferred resource and was drilled to the northeast at an azimuth of 040° to test the East Zone gold in soil geochemistry anomaly. DD21068 is mineralized from surface for the entire length of the hole and returned 299 m grading 0.32g/t Au.

DD21073 tested an area 240 metres northeast of the current inferred resource and was drilled away from the inferred resource at an azimuth of 028° to the northeast. The drill hole was mineralized from surface throughout the length of the hole, including from surface 89 m grading 0.49g/t Au.

These drill holes show broad intersections of gold mineralization including intermittent higher-grade intervals that will inform future drilling programs. Drilling was completed within untested areas on the flanks of the inferred mineral resource as well as untested areas classified as waste strip ratio material within the current inferred resource pit.

In a media release detailing this news and these results, St. James Gold’s CEO, George Drazenovic said that as the team continues exploration, they are encouraged by the 2021 exploration results. The size and scope of the gold mineralized zones at the Florin Gold Project area continues to expand.

“DD21068 which was drilled under the broad soil anomaly in the East Zone indicates that there may be a further, gold bearing zone within 400m south east of the existing inferred resource. In addition DD21073 yielded 89 m grading 0.49g/t Au from surface which extended the gold mineralization 240 metres East of the existing inferred resource. The East Zone gold in soil footprint measures approximately 1.5 km x 1 km and is approximately three times the surface footprint of the current inferred resource.

The 2021 exploration season has provided us additional information to assist with future exploration targeting focussed on mineral resource expansion at the Florin Gold Project. We expect to report the final results from the 2021 Exploration campaign over the course of the next few weeks and also outline the Company’s plans for the coming 2022 Exploration season.”

To date, exploration has tested less than 2% of the property.

In the coming weeks, the remaining assay results from the 2021 Exploration program are expected to be released. St. James Gold intends to outline its plans for the upcoming 2022 Exploration season following the final release of the 2021 Assay results.

For more corporate information on the company, visit: stjamesgold.com.


FULL DISCLOSURE: St. James Gold Corp. is a client of Stockhouse Publishing.


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