# St. James Gold Corp. Announces 100% Option Interest on Florin Gold Project, Yukon, Covering 22,000 Acres With Inferred Resource of 1,950,000 Oz of gold

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/st-james-gold-corp-announces-100-option-interest-on-florin-gold-project-yukon-co--176e1262-4cb1-4fd8-ba22-b4203bf6d2ae

Original source: https://money.tmx.com/en/quote/LORD/news/8186674912045743/st-james-gold-corp-announces-100-option-interest-on-florin-gold-project-yukon-co

Publisher: tmx

Original announcement: 2021-04-06T11:30:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: St. James Gold Corp.

- Ticker: LORD

- Exchange: TSX

- Region: Yukon Territory, Canada

- Primary commodity: Gold

- Secondary commodities: None reported

- Document categories: Agreement transaction, Resource update

- Extracted: 2026-08-21 12:42:15 UTC

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas summary

St. James Gold Corp. has entered into an option and joint venture agreement to acquire up to 100% interest in the Florin Gold Project in the Yukon. The project contains a 2012 inferred resource of 1.95 million ounces of gold across 127.2 million tonnes at 0.48 g/t.

Reasoning: The company has secured an option to 100% of a large gold project with a significant historical inferred resource, though the resource is speculative and requires substantial exploration spend.

- Positive factor: Significant inferred resource scale \(1.95 Moz\)

- Positive factor: Strategic acquisition of 100% option interest

- Positive factor: Established mining infrastructure and permits

- Positive factor: Large land package \(22,000 acres\) with exploration potential

- Negative factor: Resource is 100% Inferred

- Negative factor: Resource data is historical \(2012\)

- Negative factor: Significant capital commitments required for full acquisition

Facts used in scoring: 2

## Classification and evidence

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The reported 1.95 Moz resource is entirely in the Inferred category.

Evidence · text

> With Inferred Resource of 1,950,000 Oz of gold

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: Dr. Stewart Jackson, P Geo, has reviewed and approved the technical information.

Evidence · text

> Dr. Stewart Jackson , P Geo, senior technical adviser geologist, a Qualified Person... has reviewed and approved the technical and scientific information

**Historical Estimate Only**

Polarity: negative

Definition: Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.

Why it applies: The resource estimate is based on a 2012 technical report.

Evidence · text

> The Florin Gold Project contains a 2012 Inferred Resource

## Extracted facts

Stored fact records: 0. Some facts used in scoring do not have a stored record.

No stored fact records are available for this extraction.

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.