ST JAMES GOLD CORP - LRDJF STOCK NEWS

St. James Gold Corp. (OTCQB: LRDJF) has initiated camp construction and mobilized drilling equipment at the Florin Gold Project in Yukon. A team of 28 will conduct a diamond drill program of 7,000 to 13,000 meters, aiming to expand the current inferred gold resource of 2.47 million ounces. The program includes priority drilling targets on the Jethro Fault, with prior geochemical results indicating significant potential for size increase. The company plans to utilize a LiDAR survey for enhanced structural interpretation.

On July 7, 2021, St. James Gold secured Superior Diamond Drilling for up to 13,000 metres of diamond drilling at its Florin Gold Project in Yukon, Canada. This project hosts an inferred resource of 2.47 million oz gold in 170,993,000 tonnes at 0.45 g/t. The drilling will focus on resource expansion and testing high-priority geochemical targets. The project benefits from a Class 3 Mining Land Use Permit valid until March 2026, allowing for advanced exploration. Positive previous drill results, including significant intercepts of gold mineralization, bolster the project's potential for further discoveries.

St. James Gold Corp. has received final approval from the TSX Venture Exchange for its option and joint venture agreement with Florin Resources Inc., allowing the company to acquire up to an 85% interest in the Florin Gold Project. The effective date for this agreement is July 5, 2021. St. James Gold will utilize proceeds from a recently completed private placement to fund initial cash payments and exploration expenses. This project covers nearly 22,000 acres in the Tintina Gold Belt, bolstering the company's growth strategy in mineral exploration.

St. James Gold Corp. (TSXV: LORD, OTCQB: LRDJF) has successfully closed a brokered private placement offering, raising $5,003,427 through the sale of 1,241,251 units at $3.00 each and 355,465 flow-through units at $3.60 each. Each unit includes a warrant at an exercise price of $3.90 for three years. The funds will be used for the Florin Gold Project acquisition, drilling activities, and general corporate purposes. The offering is subject to a four-month hold period ending October 30, 2021.

St. James Gold Corp. has filed an independent technical report for the Florin Gold Project, revealing an inferred resource of 2,474,000 ounces of gold at a grade of 0.45 g/t. The report recommends an exploration program costing $23 million, divided into three phases. Phase I is budgeted at $2.3 million for 5,000 metres of diamond drilling, with subsequent phases contingent on results. The report adheres to the NI 43-101 standards and is available on SEDAR. The company also aims for shareholder value through focused exploration efforts.

St. James Gold Corp. (TSXV: LORD, OTCQB: LRDJF) has amended its brokered private placement offering, now set to issue up to 2,170,000 units at $3.00 each and 833,333 flow-through units at $3.60 each, aiming for gross proceeds of up to $6,510,000. The offering includes warrants for additional shares at $3.90 each for three years. The company will use proceeds for the Florin Gold Project and other exploration efforts. Closing is anticipated by June 25, 2021, pending necessary approvals.

St. James Gold Corp. (TSXV: LORD, OTCQB: LRDJF) announced amendments to its agreement with Florin Resources Inc. for the Florin Gold Project in the Yukon, covering 22,000 acres. Key changes include an increase in the ownership stake from 49% to 51% upon meeting specific cash, share issuance, and expenditure targets. The amendments reduce required drilling from 10,000 metres to 5,000 metres and remove some previous conditions related to share issuance and feasibility studies. These changes are subject to TSX Venture Exchange approval.

St. James Gold Corp. (TSXV: LORD, OTCQB: LRDJF) is initiating field activities in the promising Queensway-Valentine Lake gold belt in Newfoundland, following strong drill results from New Found Gold and Marathon Gold. The company holds two key properties: the Grub Line and Quinn Lake, with prepped drilling at Quinn Lake to commence shortly. This property is strategically located near significant gold deposits, including 3.14 million oz of gold in the measured and indicated category nearby. A qualified geologist has reviewed the technical information in the press release.

St. James Gold Corp. (TSXV: LORD, OTCQB: LRDJF) has commenced planning field activities in the Queensway-Valentine Lake gold belt of Newfoundland, following promising drill results from peers. The company holds two properties: Grub Line, near New Found Gold's Keats discovery, and Quinn Lake, adjacent to Marathon Gold's Valentine Lake. They plan extensive prospecting and drilling at Quinn Lake, which has historical high gold-in-till sampling results. This area is underexplored despite its proximity to significant gold resources, presenting potential for shareholder value creation.