As the Market Struggles International Experts See Strong Positive Outlook for Gold in Short Term - Seite 2

St. James Gold Corp. (OTCQB: LRDJF) (TSX-V: LORD) BREAKING NEWS:  ST. JAMES GOLD CORPORATION MOBILIZES DRILL AND CREWS TO THE 2.47Moz Au FLORIN GOLD PROJECT IN THE YUKON TERRITORY, CANADA  -  St. James Gold Corp. (the "Company" or "St. James Gold ") is pleased to announce that it has commenced camp construction and mobilized drill equipment and crew to the road accessible Florin Gold Project Located in Mayo District, Yukon Territory.  The 28 member crew will oversee up to a 13,000 m, diamond drill program aimed at expansion of the 2.47 million ounce inferred gold resource which sits on a northwest striking structure known as the Jethro Fault (see St. James Gold Corp news release dated April 9, 2021).

The existing resource is based on drilling approximately 900 metres along the strike of the fault which has been traced for five kilometres and is the site of three further, significant geochemical anomalies. The planned program intends to drill six priority targets down to a depth of 300 metres on an untested step-out target adjacent to the inferred resource. Another anomalous area, the Treadwell Anomaly, that returned gold in soil assay results up to >500 ppb gold will be tested by further drilling later in the drill program.

The geochemical results are significant as they show that the targets have similar strike potential to the existing mineral resource area.  These target areas are important as they indicate that this prospect holds the potential and structural complexity to increase in size.

Noteworthy is the mapped area to the Northwest of the existing Resource and adjacent to hole Ice 28 which yielded 526 metres of 0.75 g/t Au and within that occurs close to surface 101 metres of 1.41 g/t Au and within that lie a stockwork cross structure that yielded high grade 2 metres of 25g/t Au.

The Company has also commissioned a contractor to complete a LiDAR survey over the entire claim block which will support structural interpretation of the project area.

As stated by George Drazenovic, CEO of St. James Gold, "We are launching one of the most extensive exploration campaigns ever carried out on the property.  The campaign will prioritize the most prospective areas for drilling having been informed by an accumulation of data, including geochemical work, from previous exploration seasons.   Geological mapping, sampling, drilling and geophysical work completed in prior seasons indicate expansion potential of the resource to the northwest and southeast on the Jethro fault.  One of our key objectives for this season's work exploration program is to extend the footprint of the 900 metre inferred resource which was last drill tested in 2011, and to add data points to the existing geological model."   Read these entire releases for the St. James Gold at:  https://stjamesgold.com/news/