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
- 2026-08-24 08:26:07 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 within 170.99 million tonnes at 0.45 g/t. This represents a 27% increase in contained gold compared to the 2012 historical estimate. The company also announced an option and joint venture agreement to acquire up to 100% interest in the project.
Reasoning: The update reports a significant 27% increase in gold ounces compared to the 2012 historical resource, though the entire resource remains in the Inferred category.
Positive factors
- Contained metal growth
- QP/CP Signed
- Tonnage Growth
Negative factors
- All Inferred
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 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”
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: The technical report was reviewed and approved by Dr. Stewart Jackson, P.Geo, a Qualified Person.
Evidence · text
“Dr. Stewart Jackson , P Geo, senior technical adviser geologist, a Qualified Person... has reviewed and approved”
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”
Extracted facts
Stored fact records: 1. Some facts used in scoring do not have a stored record.
Resource Estimates (1)
inferredFlorin Gold Project · goldTonnes: 170993000Grade: 0.45Grade Unit: g/tContained Metal: 2474000Contained Unit: ozView all detailsHide details
Identity
- Project
- Florin Gold Project
- Commodity
- gold
- Region
- canada_yt
- Reported Region
- Yukon Territory
- 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
- 2021-04-12T00:00:00.000Z
Reasoning: Significant increase in contained gold (27%) over historical 2012 levels, but remains entirely in the Inferred category.
Positive factors
- Contained Metal Growth
Negative factors
- All Inferred
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.