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About Our Gold Exploration and Mining Company 

St. James Gold is a publicly traded company listed on the TSX-V under the ticker LORD. The company is focused on creating shareholder value through the discovery and development of economic mineral deposits by acquiring prospective exploration projects with well-delineated geological theories, integrating all available geological, geochemical and geophysical data sets, and financing efficient exploration programs. The company currently holds an option to acquire a 100-per-cent interest in 29 claims covering 1,791 acres in the Gander gold district in north-central Newfoundland, adjacent to New Found Gold Corp.’s Queensway North project, and an option to acquire a 100-per-cent interest in 28 claims covering 1,730 acres in central Newfoundland, adjacent to Marathon Gold’s Valentine Lake property.

St. James Gold’s Professional Geoscientist is Dr. Stewart A. Jackson. Over a career spanning several decades, Stewart Jackson, Ph D. was involved in the discovery and development of several major resource discoveries including the multi-billion dollar Red Dog zinc-lead deposits in Northwestern Alaska, currently operated by Teck; the Viken deposit in Sweden containing over 1 billion pounds of U3O8 and a multi-billion pound resource of molybdenum, vanadium, and nickel and zinc; and the Turnagain nickel-cobalt-platinum deposit at Dease Lake, British Columba, from prospect to that of a large nickel resource, currently held by Giga Metals.

“Dr. Stewart A. Jackson”

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Grub Line Property – Introduction

Gander area, Newfoundland

Newfoundland has a relatively long mining and forestry history. Mineral exploration companies and the Government in NL have adopted proactive strategies to attract, recruit, diversify, and retain skilled workers associated with, and committed to, the mining industry.

The Grub Line property is located 3.5 kilometers west of the town of Gander, NL, entirely within NTS sheet 2D/15 (Figure 1). Access to the property is excellent. The Trans Canada highway crosses the southern portion of the property, while a network of rough-track roads leads to many of the exploration sites.

The land underlying the project area is vested in the Crown (Crown Land) with no restricted access. In Newfoundland and Labrador, the right to explore for minerals is obtained through a map staked licence which is issued for renewable terms of five years to a total of 30 years.

The climate is blended maritime-humid continental, with pleasant summers, a cool, wet, spring and autumn, and snowy, often windy, winters. A typical spring/summer exploration season is from May through to the end of November. Exploration, particularly geophysics and drilling can be easily done through the winter months.

The nearest communities include: Gander, a town of approximately 10,000, located 3.5 km to the east on the Trans-Canada Highway, which has an international airport and most amenities required for exploration including labour, equipment, accommodation and supplies.

Newfoundland has a relatively long mining and forestry history. Mineral exploration companies and the Government in NL have adopted proactive strategies to attract, recruit, diversify, and retain skilled workers associated with, and committed to, the mining industry.

Regional Geology

The Island of Newfoundland forms the easternmost part of Appalachian Orogen and is divisible into four main tectonic zones (Figure 3). From west to east are the Humber Zone, which represents the ancient, Laurentian continental margin, the Dunnage Zone, which represents a series of Cambrian to Ordovician arcs and back-arc basin assemblages, the Gander Zone, which is dominated by metasedimentary rocks sourced from the Gondwanan margin, and the Avalon Zone, which contains Neoproterozoic rocks overlain by Cambrian-Ordovician sedimentary rocks that have Gondwanan affinities. The Dunnage Zone is further subdivided into the Notre Dame Subzone and the Exploits Subzone.

The Grub Line licence area lies in the Exploits subzone near the eastern edge of the Dunnage Zone in units of the Davidsville Group, a NNE-trending belt of mainly slate, interbedded with thick, coarse-grained greywacke units and intruded by linear, mafic to ultramafic, dykes that trend NNE and NNW and are thought to dip subvertically. They represent relics of an ophiolitic complex thrusted upon Middle Cambrian to Lower Ordovician arenites and shales of the Gander Zone. This tectonic margin forms a continental suture that is traceable through Newfoundland and into Ireland and Great Britain.

Dunnage Zone consists of various Cambro-Ordovician island arc and ophiolitic terranes overlain by turbiditic sedimentary cover and locally by late-orogenic (Late Ordovician– Silurian) molasse sequences formed during Taconid and Penobscot orogenies. The Dunnage Zone was subjected to later deformation during the Silurian Salinic orogeny and was intruded by Devonian granitoid plutons, and mafic stocks and dykes. Gold mineralization within the Dunnage Zone occurred coincident with late syn- to post Salinic orogenic events and is typically spatially related to major structural features and proximal to, or hosted in, intrusive bodies.

Deposit Types

Geological setting of Gander River and Gander Lake areas is favorable to volcanogenic massive sulphide mineralization and orogenic-style gold mineralization.

Volcanogenic massive sulphide (VMS) deposits form as a result of the syngenetic exhalation of metalliferous hydrothermal fluids upon or near the sea floor. The rocks of Gander River Ultramafic Complex intrude Davidsville Group sediments within the Property. This setting appears to be prospective for bimodal mafic subtype of VMS deposits.

The bi-modal mafic felsic subtype are hosted in belts that are mafic dominated, but where the mineralization is hosted by felsic rocks. Often, these environments are primitive arc terranes. They are often polymetallic, but with abundant Zn and Cu. The Newfoundland Appalachians contains over 40 VMS deposits, each of which has >100 000 tonnes of massive sulphide, based on historical geological resources. These deposits are hosted by rocks of the Dunnage Zone or its obducted, ophiolitic equivalents in the Humber Zone. Bi-modal VMS deposits that are common to the Noranda and Flin Flon districts, and Newfoundland Appalachian examples include deposits such as Ming, Rambler, and Point Leamington (Figure 3). However there are no known deposits of this type located in the eastern part of Dunnage Zone.

The gold mineralization in the district is epigenetic and structurally-controlled and often associated with splays or secondary structures off regional-scale fault zones. It can occur in a wide range of rock types, but iron-rich mafic rocks are a more prolific host.

As typical of orogenic gold mineralization elsewhere, the gold comprises both vein-hosted and altered wall-rock styles of mineralization. In vein hosted occurrences the gold occurs either as free-gold or in association with pyrite, arsenopyrite or base metals. The veins are typical of shear-zone hosted gold mineralization and comprise both shear and extension-type veining.

Gold in the Queensway project, immediately west of the Grub Line Property boundary, is associated with quartz veins and alterations superimposed on a sequence of dominantly sedimentary rocks of Davidsville Group. No evidence of local intermediate to felsic intrusion has been documented.

The Grub Line Property straddles a belt of dismembered ultramafic rocks. It is made up of mafic volcanics, ultramafics and gabbro intrusions. Much hydrothermal activity has affected rocks of the ultrabasic belt which exhibit ubiquitous networks of calcite, cholrite and quartz veins; conversion of primary igneous assemblages to talc-carbonate, serpentinite and locally asbestos. Such alteration assemblages known as listwanites occur commonly in ultramafic rocks, and have been identified as potentially gold-bearing. Listwanitic gold quartz veins formed economic deposits known from Sierra Nevada, metamorphic belt in California and the Juneau Gold belt in Alaska.

Historic information on the projects bordering the Grub Line Property, particularly in regard to historical exploration, and government geological work provides an indication of the exploration potential of the property but may not be representative of expected results.

Figure 5. Lithostratigraphic classification of volcanogenic massive sulphide (VMS) deposits, with emphasis on Canadian deposits.
Classification based on Barrie and Hannington (1999), Franklin et al. (2005) and Galley et al. (2007).

Quinn Lake Property – Introduction

Central Newfoundland

The project Property comprises two contiguous mineral licences totaling 700 hectares. Mineral Lands Division of Mines Branch in NL granted the current licensees the exclusive right to explore for minerals in, on, or under the described land area.  Licenses are generally issued for a 5-year term and may be held for a maximum 30 years, provided that annual assessment work is completed, and renewal fees are paid.

Earlier work programs were conducted in the area and surroundings by Noranda and its joint venture partners. The current project area was part of larger claim block at the time and only limited surface work was attributed to the current project site.  There is no record of historical diamond drilling performed within current Property area.

Quinn Lake mineral licenses are located in the west-central region of the Island of Newfoundland, NL on NTS map sheet 12A/07 and is centered approximately 56° 51’ W longitude, 48° 27′ N latitude.

The nearest community of Millertown is situated  35 to 40 kilometers north of the project area.

Other sources of information reviewed in this report are the results of regional geochemical surveys and mapping data generated by Geological Survey of NL.

Personal inspection of the Property was deferred until the spring of 2021.

Newfoundland Comparables:

Market Cap – 595 M

Market Cap – 533 M

Market Cap – 32 M

Market Cap – 20 M

Regional Geology

The Island of Newfoundland forms the easternmost part of Appalachian Orogen and is divisible into four main tectonic zones (Figure 3). From west to east are the Humber Zone, which represents the ancient, Laurentian continental margin, the Dunnage Zone, which represents a series of Cambrian to Ordovician arcs and back-arc basin assemblages, the Gander Zone, which is dominated by metasedimentary rocks sourced from the Gondwanan margin, and the Avalon Zone, which contains Neoproterozoic rocks overlain by Cambrian-Ordovician sedimentary rocks that have Gondwanan affinities. The Dunnage Zone is further subdivided into the Notre Dame Subzone and the Exploits Subzone.

The Grub Line licence area lies in the Exploits subzone near the eastern edge of the Dunnage Zone in units of the Davidsville Group, a NNE-trending belt of mainly slate, interbedded with thick, coarse-grained greywacke units and intruded by linear, mafic to ultramafic, dykes that trend NNE and NNW and are thought to dip subvertically. They represent relics of an ophiolitic complex thrusted upon Middle Cambrian to Lower Ordovician arenites and shales of the Gander Zone. This tectonic margin forms a continental suture that is traceable through Newfoundland and into Ireland and Great Britain.

Dunnage Zone consists of various Cambro-Ordovician island arc and ophiolitic terranes overlain by turbiditic sedimentary cover and locally by late-orogenic (Late Ordovician– Silurian) molasse sequences formed during Taconid and Penobscot orogenies. The Dunnage Zone was subjected to later deformation during the Silurian Salinic orogeny and was intruded by Devonian granitoid plutons, and mafic stocks and dykes. Gold mineralization within the Dunnage Zone occurred coincident with late syn- to post Salinic orogenic events and is typically spatially related to major structural features and proximal to, or hosted in, intrusive bodies.

Most recent follow up work was conducted in 2008 and 2013 by Paragon Minerals but was not successful in locating the source of gold in 1989 reported results. However IP survey results have identified possible targets for further exploration and prospective geological setting was recognized.

Most recent work, conducted by new owners, was limited to soil and stream sediment sampling for assessment purposes, and no significant results were reported. Historic information on the projects bordering the Quinn Line Property, particularly in regard to historical exploration, and government geological work provides an indication of the exploration potential of the property but may not be representative of expected results.

The drilling campaign by Marathon Gold Corporation was expanded in 2020 to include a new discovery situated along strike to the southwest of the Marathon Deposit (Figure 6). A 1.5-kilometre-long Berry zone and extensions are currently the focus of 59-hole drilling program. Highlights of the results include 3.70 g/t gold over 42 meters and 4.66 g/t gold over 17 meters. The intersections represent shallowly south west-dipping, en-echelon-stacked quartz-tourmaline-pyrite-gold veins in the hangingwall of Valentine Lake Shear Zone. This new discovery is expected to produce maiden resource for Berry zone in Q1 of 2021.

There is no reports of mineralization or alteration found in bedrock on the property, probably due to poor outcrop exposure. The local geology is inferred from geophysical surveys and adjacent projects and indicates the presence of Valentine Lake Shear Zone and Rogerson Lake Conglomerate which define the corridor favorable for gold mineralization
(Figure 4 and 5).

Press Releases

Latest News

4/9/2021

St. James Gold Corp. Is Pleased To Announce Updated Resource On The Florin Gold Project, Yukon, With An Inferred Resource Of 2,474,000 oz Of Gold

St. James Gold Corp. (TSXV: LORD)(OTCQB: LRDJF)(FSE: BVU3) (the "Company" or "St. James Gold") is pleased to announce that it has received a technical report prepared in accordance with National Instrument 43-101 entitled Florin Gold Project NI 43-101 Technical Report, Mayo and Dawson Mining Districts, Yukon Territory, by Ronald G Simpson, P.Geo. of GeoSim Services Inc., dated April 6, 2021 (the "Technical Report")...