St. James Gold Corp. (TSXV: LORD) Signs A Letter of Consent to let New Found Gold Corp. (TSX: NFG) (NYSE: NFGC) conduct a Single Line 2D Seismic Survey Over its Grub Line Property in Newfoundland
June 26 2023 - 8:30AM
St. James Gold Corp. (the “
Company” or
“
St. James”)
(TSXV: LORD) (OTCQB: LRDJF)
(FSE: BVU3) announces today that it has signed a letter of
consent to let New Found Gold Corp. (TSX: NFG) (NYSE: NFGC) conduct
a single line 2D seismic survey over its Grub Line Property in
Newfoundland. The results of any survey relating to any portion of
the Company’s property will be made available to the Company. The
planned survey is expected to occur in July with data becoming
available in the fourth quarter of 2023. The planned survey would
be a new survey and is in addition to the 3D seismic survey
announced by NFGC on March 7, 2023 occurring on their adjacent
Queesway Project.
About St James Gold Corp.
St. James Gold Corp. is a publicly traded
company listed on the TSX Venture Exchange under the trading symbol
“LORD”, in the U.S. Market listed on OTCQB under "LRDJF" and on the
Frankfurt Stock Exchange under “BVU3”. The Company is focused on
creating shareholder value through the discovery and development of
economic mineral deposits by acquiring prospective exploration
projects with well-delineated geological theories; integrating all
available geological, geochemical, and geophysical datasets; and
financing efficient exploration programs. The Company currently
holds: (i) 100-per-cent stake in 29 claims, covering 1,791 acres,
in the Gander gold district in north-central Newfoundland located
adjacent to New Found Gold Corp.’s Queensway North project; and
(ii) a 100-per-cent stake in 9 claims and an option to acquire a
further 100-per-cent interest in 19 claims, covering a total 1,730
acres, in central Newfoundland located adjacent to Marathon Gold's
Valentine Lake property.
For more corporate information please
visit: http://stjamesgold.com/
St. James Gold Corp.For
further information, please contact:Investor
RelationsTel: 1
(800) 278-2152Email:
info@stjamesgold.com
Forward Looking Statements
This news release contains forward-looking
statements and forward-looking information within the meaning of
Canadian securities laws (collectively, “forward-looking
statements”). Forward looking statements in this news release
relate to, among other things: the growth of the Company and all
other statements that are not historical facts, particularly
statements that express, or involve discussions as to,
expectations, beliefs, plans, objectives, assumptions or future
events or performance of the Company. Often, but not always,
forward-looking statements can be identified through the use of
words or phrases such as “will likely result”, “are expected to”,
“expects”, “will continue”, “is anticipated”, “anticipates”,
“believes”, “estimated”, “intends”, “plans”, “forecast”,
“projection”, “strategy”, “objective” and “outlook”.
Forward-looking statements contained in this news release are made
based on reasonable estimates and assumptions made by management of
the Company at the relevant time in light of its experience and
perception of historical trends, current conditions and expected
future developments, as well as other factors that are believed to
be appropriate and reasonable in the circumstances. Forward-looking
statements contained in this news release are made as of the date
of this news release and the Company will not update any such
forward-looking statements as a result of new information or if
management’s beliefs, estimates, assumptions or opinions change,
except as required by law. There can be no assurance that
forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, the reader is
cautioned not to place undue reliance on forward-looking
statements.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE
POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR
THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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