Welcome to our dedicated page for ST JAMES GOLD news (Ticker: LRDJF), a resource for investors and traders seeking the latest updates and insights on ST JAMES GOLD stock.
St. James Gold Corp. reports developments as a publicly traded mineral exploration company focused on prospective gold projects. The company’s news centers on Newfoundland exploration claims, including holdings in the Gander gold district and central Newfoundland, as well as its use of geological, geochemical, and geophysical datasets to plan exploration programs.
Recurring updates also cover TSX Venture Exchange trading status, OTCQB trading under LRDJF, settlement agreements, debt resolution, private placements, shares-for-debt transactions, and other capital-structure matters. Governance-related news includes annual meeting matters, director nominees, board appointments, management changes, and advisory additions tied to the company’s mineral exploration strategy.
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.
St. James Gold Corp. (OTCQB: LRDJF) has received essential Surface and Drilling Permits for its Quinn Lake Project in Newfoundland, aimed at supporting its upcoming exploration program. The Quinn Lake Project is strategically located near the Valentine Gold Project, which has significant gold resources. The company is set to begin its exploration activities in June, focusing on geochemistry surveys and drilling operations. CEO George Drazenovic expressed optimism regarding the project's potential and the facilitation of permitting processes by the Department of National Resources.
St. James Gold Corp. (TSXV: LORD, OTCQB: LRDJF) has convened its Technical Advisory Committee, chaired by Dr. Stewart Jackson, to advance the exploration program for the Florin Gold Project in Yukon for summer 2021. The committee comprises experienced professionals from various fields, and aims to optimize drill targets using extensive geological data. The company is also evaluating new gold acquisition opportunities. This initiative is part of St. James' strategy to enhance shareholder value through focused mineral exploration and acquisition. Approval for its ongoing acquisition efforts is pending from the TSXV.
St. James Gold Corp. (TSXV: LORD, OTCQB: LRDJF) has announced a brokered private placement offering up to 2,170,000 units at $3.00 each, aiming to raise up to $6,510,000. Each unit consists of one common share and one warrant, which can be converted at $3.90 for three years. An additional 500,000 units may be issued via an agent's option. Proceeds will fund the Florin Gold Project acquisition, drilling activities, and general corporate needs. The offering is contingent upon TSXV approval and will adhere to Canadian securities law, with no sales in the U.S. without registration.
St. James Gold Corp. (OTCQB: LRDJF) announces the appointment of Timothy Lallas, CPA, CMA, as Chief Operating Officer. With over 20 years in financial management and corporate governance, Lallas's role is pivotal as the company gears up for an active exploration season. He is tasked with enhancing internal controls and liaising with investors. The company also announced that trading in its shares has resumed on the OTCQB Market following a voluntary halt. This leadership change and renewed trading activity are seen as positive steps for the company's exploration efforts.
St. James Gold Corp. (OTC: LRDJF) has appointed a new technical advisory team to enhance its exploration efforts in the Florin Gold Project, Yukon, and other projects in Newfoundland and Labrador. The team includes industry veterans with over 100 years of combined experience, bringing a wealth of knowledge in mineral exploration and management. This strategic move aims to facilitate a $20 million exploration program as the company gears up for an active 2021 season, leveraging their capabilities to unlock value in its mineral assets.
St. James Gold Corp. (TSXV: LORD, OTC: LRDJF) has announced a corporate update regarding its recently filed Option and Joint Venture Agreement with Florin Resources Inc. The agreement requires TSX Venture Exchange (TSXV) approval and has led to a trading halt. The company is preparing for spring exploration programs at its gold projects in Newfoundland, including Grub Line and Quinn Lake, with significant geological potential for gold mineralization. CEO George Drazenovic expressed optimism about reinstatement of trading and compliance with TSXV requirements.