St. James Gold Corp. Is Pleased To Announce Updated Resource On The Florin Gold Project, Yukon, With An Inferred Resource Of 2,474,000 oz Of Gold
Original announcement by tmx on
- Company
- St. James Gold Corp.
- Ticker
- LORD
- Exchange
- TSX
- Region
- Yukon Territory
- Primary commodity
- Gold
- Secondary commodities
- Silver
- Document categories
- Resource update, Agreement transaction
- Extracted
- 2026-08-21 13:18:17 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
St. James Gold Corp. has announced an updated Inferred Mineral Resource for the Florin Gold Project in the Yukon, totaling 2,474,000 oz of gold. This represents a 27% increase in contained gold compared to the 2012 historical resource estimate.
Reasoning: The update reports a significant increase in gold ounces (27%) compared to the 2012 historical estimate, though the entire resource remains in the speculative Inferred category.
Positive factors
- Contained metal growth of 27% vs 2012 historical resource
- Resource upgraded to include pit whittle shell
- Immediate drill readiness with Class 3 Quartz Mining Land Use Permit
- Strategic JV agreement to acquire up to 100% interest
Negative factors
- 100% of the resource is in the Inferred category
- Low grade of 0.45 g/t gold
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 1
Classification and evidence
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The entire reported resource of 2,474,000 oz is classified as Inferred.
Evidence · text
“contains an inferred resource of 2,474,000 oz gold”
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: The resource represents a 27% increase in total gold ounces over the 2012 historical resource.
Evidence · text
“represents a 27% increase in total ounces of gold over the historical 2012 inferred resource”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The resource is based on a technical report prepared in accordance with NI 43-101.
Evidence · text
“received a technical report prepared in accordance with National Instrument 43-101”
QP/CP Signedpositive
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, a Qualified Person, has reviewed and approved the information.
Evidence · text
“Dr. Stewart Jackson , P Geo, senior technical adviser geologist, a Qualified Person... has reviewed and approved”
Extracted facts
Stored fact records: 1. Some facts used in scoring do not have a stored record.
Resource Estimates (1)
inferredgoldTonnes: 170993000Grade: 0.45Grade Unit: g/tContained Metal: 2474000Contained Unit: ozView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- LORD
Resource Data
- Category
- inferred
- Tonnes
- 170993000
- Grade
- 0.45
- Grade Unit
- g/t
- Contained Metal
- 2474000
- Contained Unit
- oz
- Cutoff Grade
- 0.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2021-04-09T00:00:00.000Z
Reasoning: Significant ounce growth compared to historical data, but geological confidence is limited to the Inferred category.
Positive factors
- 27% increase in gold ounces over 2012 historical resource
Negative factors
- Entirely Inferred category
- Low grade (0.45 g/t)
Evidence · text
“inferred resource of 2,474,000 oz gold contained in 170,993,000 tonnes grading 0.45 g/t with a cutoff of 0.30g/t”
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.