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September 16, 2021
There are some mineral exploration companies that make a decent amount of money by speculating about where valuable minerals might be and trading hundreds of millions of shares for pennies. St. James Gold Corp. (TSXV: LORD) (OTCQB: LRDJF) (FSE: BVU3) is not one of those companies. This company is focused on the acquisition of properties with proven mineral deposits and the subsequent funding of valuable mineral extraction. They are currently involved in several promising projects, the biggest of which has an inferred deposit of 2.47 million ounces of gold.
Tight Share Structure – St. James is in the enviable position of having less than 20 million shares outstanding. This low float allows them to remain nimble and raise capital without diluting shareholder value. Few of their competitors can say the same.
Proven Value – The Florin Gold Project has an inferred 2.4 million ounces of gold. Before St. James acquired their 100% stake, the project had only been drilled to 17 thousand meters, which is much less than the industry average. This means that the actual size of the deposit could be even larger than inferred, and is going to require less grunt work overall to begin extraction. There’s a very real chance that St. James could become one of the biggest gold companies in the world–almost overnight. The value of this project is evident, and it’s doubly encouraging to see the highly valuedVictoria Gold acquire a stake in an adjacent property for $117 million. This area is going to be a big producer, and everyone knows it.
Gold is Up – A simple point, but salient nonetheless. The value of gold is (as of this writing) $1,865.80 per ounce. That’s a 575% increase over the last twenty years. Let’s say that St. James is able to extract even half of the 2.4 million inferred ounces in the Florin project, that’s still $2.2 billion dollars worth of gold. And keep in mind; they’ve only drilled on less than 1% of the property.
Experienced Geologists – Leading the way to El Dorado are seasoned exploration specialists, Dr. Stweart A. Jackson and Bruno Barde, M Sc., P. Geology. Dr. Jackson was instrumental in taking a Canadian nickel deposit from a small prospect to a very large deposit, and was responsible for multiple discoveries of gold in the US, totaling more than 2 million ounces. Mr. Barde has been involved in numerous, successful multi-million dollar exploration projects, including a $15 million project in the Democratic Republic of Congo and a $10 million project in Sonora, Mexico. He was also directly involved in numerous acquisitions, including the Alamos Gold Corp’s 3.2 million ounce deposit in Mexico.
A Newfound Angle – St. James isn’t limiting themselves to one exciting project. They also have multiple options in the hot area of Newfoundland, that many refer to as “Canada’s most mining-friendly district”. One site is adjacent to Marathon Gold’s Valentine Gold Project, which recently indicated a 3.14 million ounce deposit. The other land package is next to New Found Gold, who ran up to a billion dollar market cap. Newfoundland is the future of gold, and St. James is in the right place at the right time.
St. James Gold Corp. (TSXV: LORD) (OTCQB: LRDJF) (FSE: BVU3) is a gold exploration company positioned to become an industry giant. With land packages nestled between proven producers and gold in the ground, they could end up doubling, or even tripling, their market cap virtually overnight.
The Florin Gold Project is a 22,000 acre land package with extensive gold-mineralized Tombstone, located within one of the world’s most prolific gold belts. Although less than 1% of the land has been drilled, the Florin project has an inferred deposit of 2.4 million ounces of gold. St. James is currently pursuing financing to complete 2 work phases, estimated to cost $23 million. This is the most immediate and exciting opportunity for St. James, and successful exploration holds major upside.
George Drazenovic is extremely optimistic about the project, “In short, the Florin Gold Project has an exceptionally high oz gold/ meters drilled ratio. Suggesting that it is still in its infancy, particularly in context of its scope and size,” he said in a recent interview with Kitco Mining.
Things are shaping up nicely, with a drill committee already meeting to outline the best targets for the 2021 drilling schedule. The project is drill-ready and permitted until May 2026, and has excellent infrastructure; road access, a nearby private air strip, and close proximity to Mayo Hydro Dam and the town of Mayo.
An important consideration when surveying potential exploration pics, is the surrounding area. Who else is drilling, how is it going, neighbor valuation, etc. The mineral-rich area the Florin Project is located in, along with other producing mines, is called the Tintina Gold Belt. The belt has an estimated a total metal endowment of 70 million ounces of gold. Key deposits include Brewery Creek, the Eagle deposit (Dublin Gulch/Victoria Gold) in the Yukon Territory and Kinross’s Fort Knox deposit, True North, Pogo and Donlin Creek in Alaska.
Gold companies really only need one big producing mine to make a giant name for themselves, and it appears that St. James has found theirs. But that doesn’t make their other stakes any less exciting.
In addition to the Florin Gold Project, St. James holds options to acquire a 100% interest in 29 claims covering 1,791 acres in the Gander gold district in north-central Newfoundland, adjacent to New Found Gold Corp.’s Queensway North project, and to acquire a 100% interest in 28 claims covering 1,730 acres in central Newfoundland, adjacent to Marathon Gold’s Valentine Lake property.
These properties are both located next to other gold-producing mines owned by Marathon and New Found Gold (which recently ran up to a $1B market cap). At the moment, Newfoundland represents some of the best undiscovered mineral deposits in the world, and St. James has just received their drilling permit for the Quinn Lake Property.
From a recent press release, “The Quinn Lake Project is favourably situated along strike from the above-mentioned Valentine Gold project. Additionally, the property straddles the Valentine Lake fault zone which appears to control gold mineralization in the area. The fault zone contains buried and truncated Silurian Rogerson Lake Conglomerate in its footwall and represents a crustal-scale structure which may have tapped gold sources from Neoproterozoic Ganderian basement. This prospective gold corridor has yielded numerous surface discoveries in adjacent areas that have been advanced to the drilling stage. The Quinn Lake Project stands as a relatively underexplored section of the land that has never been trenched or drill-tested to date, in spite of encouraging prospecting results reported by both Noranda in 1989 and Paragon Minerals in 2011.”
St. James is perfectly positioned to capitalize on rising gold prices with their current holdings. Their ultra-low float makes them an incredibly attractive investment opportunity, especially when coupled with the gold-in-the-ground that’s basically guaranteed to increase their market cap. Ultimately, this is not your run-of-the-mill exploration company. In our opinion, this is your chance to pick up a growing company’s stock before it takes off.
- ST. JAMES GOLD CORP. RECEIVES PERMITS FOR BOTH SURFACE WORK AND DRILLING AT QUINN LAKE PROJECT
- ST. JAMES GOLD CORP. ANNOUNCES 1ST TECHNICAL COMMITTEE MEETING FOR ITS DRILL PROGRAM IN 2021
- ST. JAMES GOLD CORP. (TSX-V: LORD) ANNOUNCES $6.5 MILLION BROKERED PRIVATE PLACEMENT
- ST. JAMES GOLD CORP. ANNOUNCES APPOINTMENT OF CHIEF OPERATING OFFICER
- ST. JAMES GOLD CORP. IS PLEASED TO ANNOUNCE A CORPORATE UPDATE TO SHAREHOLDERS ON THE FLORIN GOLD PROJECT OPTION AGREEMENT, YUKON, AND NEWFOUNDLAND ACTIVITIES
Mr. Drazenovic is an entrepreneur who has incubated start-up ventures in a variety of sectors, including alternative energy, pharmaceuticals, technology and natural resources. A Chief Financial Officer (“CFO”), director and consultant for several junior publicly-traded resource companies, he brings business development, planning and securities regulatory experience on the Canadian and U.S. Exchanges. Early in his career, Mr. Drazenovic was employed at a leading utility responsible for evaluating, structuring and promoting wind, wave and battery technology opportunities, and led a biopharmaceutical start-up as its first employee, raising several million dollars for early stage trials, whereas today it trades at a market capitalization of nearly $100 m. In recent years, he has raised tens of millions of dollars in early stage financing and has facilitated the acquisition of in excess of 100,000 acres of mineral leases in the Clayton Valley, Paradox Basin, Idaho Cobalt Belt and Carlin Trend.
Chief Financial Officer
Mr. Wu has served as the CFO at Zhejiang Jinbao Pharmaceutical Co., Ltd. since May 2020. From September 2018 to December 2018, Mr. Wu served on the Board of Directors at SSLJ, Inc, a company listed on Nasdaq. From April 2018 to April 2019, Mr. Wu served on the Board of Director at Shanghai Lianrong Equity Investment Fund Co., Ltd.
CPA, CMA, Chief Operating Officer
Mr. Lallas brings over 20 years of progressive experience encompassing financial management, global risk management, procurement, Sarbanes Oxley implementation, and M&A due diligence. Among his many roles as a senior executive with various junior exploration companies, Mr. Lallas has served as VP Finance of Granada Gold Mines, VP Finance of Calvista Gold Corporation, CFO of Greystar Resources Ltd., CFO of Bell Copper Corporation and CFO of Latin American Minerals, Inc. He served as Deputy Finance Manager for ArcelorMittal during their $1.5 billion Mont Wright Expansion Project, as Director of Risk Management for both Thompson Creek Metals and Goldcorp., Inc. and as Director of Internal Audit at Teck Resources.
In his new role, Mr. Lallas will be instrumental in implementing corporate governance policies with regards to contract procurement, internal controls, disclosure policies and manuals for the Board of Directors. He will facilitate business process improvements, management change, Technical Committee compliance, and work with legal counsel to ensure compliance of all disclosures with the requirements of National Instruments and regulatory bodies.
Board of Directors – Corporate Director
Ms. Angarita has 10 years of experience in the Investor Relations industry, identifying strategic opportunities through her knowledge on and connections with UHNW, socialites, influencers, and investors worldwide.
In 2009, Jessika worked as an Investor Relations Associate in several Canada-based natural resource companies listed in the Toronto Stock Exchange. During a six-year period, she contributed to diverse initiatives including assisting with the financing, due diligence, and negotiation between parties, as well as coordinating international roadshows, seminars and trade shows. Jessika has developed and executed strategic investor and analyst targeting programs to maintain a global network of shareholders informed.
In her most recent role at Camper & Nicholsons International, Jessika led the Marketing and Business Development department for the Americas. She secured several partnerships with luxury brands and produced yacht shows, including Monaco, Fort Lauderdale, Miami, and Palm Beach.