St. James Gold Corp. (TSX-V: LORD) Reports on New Gold Exploration at Grub Line Property, Newfoundland, Canada
VANCOUVER, BC, July 21, 2021 (GLOBE NEWSWIRE) -- St. James Gold Corp. (TSXV: LORD) (OTCQB: LRDJF) (FSE: BVU3), St. James Gold Corp. (the “Company”) is pleased to announce exploration is underway at the recently optioned Grub Line gold property in Newfoundland, Canada (the “Grub Line Property”) at a prospective location along the Gander River Ultramafic Belt with project field operator, local exploration service company Planet X Exploration Services Ltd.
- The initial exploration program currently underway includes regional prospecting and ground-truth verification of historical prospects located on the property.
- The Grub Line Property covers a package of the Gander River complex of rocks.
- Listwanites or carbonatized ultramafics that commonly occur in the gander river complex of rocks have been identified as potentially gold-bearing.
- Similar listwanitic gold quartz veins have formed economic deposits in the metamorphic belts of California and the Juneau Gold belt in Alaska.