- St. James Gold Corp. (LORD) has acquired the Grub Line property and nine claims on the Quinn Lake property
- These acquisitions will allow the company to advance its exploration and drill program on its Newfoundland assets
- St. James Gold is engaged in acquiring, exploring, and developing mineral resource properties in Canada
- St. James Gold Corp. (LORD) opened trading at C$0.91 per share
St. James Gold Corp. (LORD) has acquired the Grub Line property and nine claims on the Quinn Lake property.
The properties are located in central Newfoundland.
The acquisition of a 100 per cent interest in the Grub Line property follows recent drill assay results by New Found Gold Corp. The Grub Line property is located 8 km east of the original Keats discovery and 3 km west of the Town of Gander.
The acquisition of nine claims on the Quinn Lake property follows recent drill assay results by Marathon Gold on its Valentine Gold Project in central Newfoundland.
George Drazenovic, CEO, St. James Gold commented on the news.
“With gold spot prices in a favorable upswing, owning 100 per cent of the Grub Line and nearly one-third of the Quinn Lake properties allows us to further advance our exploration and drill program for our Newfoundland assets. As evidenced by the recent announcements by New Found Gold, the drills operating at Keats continue to step out in all directions suggesting the original discovery is open to extension. Similarly, the announcement of an increased drilling program by Marathon Gold nearby our Quinn Lake property bodes well for further defining the gold corridor along the Valentine Lake shear Zone. Together, we hope the ownership of these assets will be a key driver as we look to unlock shareholder value.”
St. James Gold is engaged in acquiring, exploring, and developing mineral resource properties in Canada.
St. James Gold Corp. (LORD) opened trading at C$0.91 per share.