St. James Gold Corp. (TSXV: LORD) (OTCQB: LRDJF) has identified high-grade assay results from several rock sample results taken during the 2021 field season and results from the final four out of 16 diamond drill holes from the 2021 drilling campaign at the Florin Gold Project located in Mayo Mining District, Yukon Territory, Canada.
The step-out drilling program was designed to test areas currently defined as strip ratio within the inferred resource pit shell where 2.47M oz gold inferred resource as well as to test additional targets with step out drilling along the Jethro Fault, both to the NW and SE of the resource. To date the fault has been traced for over 5 km of which approximately one km has been drill tested.
Highlights
- Rock samples taken from the two historical Treadwell Adits return high-grade gold assays of 11.15 g/t Au and 15.8g/t Au.
- Hole #DD21074 intercepted a vein within the main, mineralised Florin intrusion that returned a high-grade assay of 1.5m containing 7.08ppm Au.
- The remainder of the holes in this batch show broad intersections of gold mineralisation including intermittent higher-grade intervals that will inform future drilling programmes. Drilling was completed within untested areas on the flanks of the inferred mineral resource as well as untested areas considered as waste strip material within the current inferred resource pit.
- Exploration to date on the property including drilling, surface mapping, rock and soil sampling of gold anomalies has tested less than 2% of the property.
- The Florin Gold Project is a reduced-intrusion-related gold deposit located in the prolific Tintina Gold Belt. Gold mineralisation tested to date is hosted in intrusive and metasedimentary rocks along a 1 km section of the Jethro fault that has been traced for over 5km of length.
“We are encouraged by the high-grade rock sample results from the historical Treadwell adit area as they are located in the kilometre-scale, East Zone soil gold geochemistry anomaly which is located less than 500m from the edge of the inferred resource,” CEO, George Drazenovic, said.
“We continue to be encouraged by data collected from the 2021 exploration season which have given us valuable information to assist in guiding future exploration programmes.
“We expect to report results from the 2021 soil geochemistry exploration campaign over the course of the next few weeks as well as to outline the Company’s plans for the coming 2022 Exploration season.”
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