St. James Gold Corp. Reinstated on TSX Venture Exchange

St. James Gold Corp. has been reinstated to trading on the TSX Venture Exchange after a brief suspension. The company is focused on discovering and developing economic mineral deposits through exploration projects in Newfoundland, Canada. It holds a 100% stake in 29 claims covering 1,791 acres and an option to acquire a further 100% interest in 19 claims covering 1,730 acres.

St. James Gold Corp. (TSXV: LORD) has been reinstated to trading on the TSX Venture Exchange after a brief suspension. The company is focused on discovering and developing economic mineral deposits through exploration projects in Newfoundland, Canada. It holds a 100% stake in 29 claims covering 1,791 acres and an option to acquire a further 100% interest in 19 claims covering 1,730 acres [1].

The company's portfolio includes the Gander gold district in north-central Newfoundland, adjacent to New Found Gold Corp.’s Queensway North project, and central Newfoundland, adjacent to Marathon Gold's Valentine Lake property. St. James Gold Corp. aims to create shareholder value by integrating geological, geochemical, and geophysical datasets and financing efficient exploration programs [1].

The return to trading on the TSX Venture Exchange follows a period of suspension, but the company remains committed to its exploration activities. The company's managing director and CEO, Sam Pazuki, commented on the company's exploration program, stating that it is now more focused, data-driven, and designed to maximize return on investment and unlock shareholder value [2].

The company's exploration program includes extensive fieldwork and targeted drilling at both Cape Ray and Bunker Hill to advance its district-scale land package on the largest known gold-bearing structure along the Cape Ray - Valentine Lake Shear. The program is fully funded with a strong treasury of C$9.2 million in cash [2].

Investors should note that forward-looking statements are subject to risks and uncertainties, including the impact and progression of the COVID-19 pandemic and other factors outlined in the company's Annual Information Form [1].

References:

[1] https://www.stocktitan.net/news/LRDJF/st-james-gold-corp-tsx-v-lord-announces-reinstatment-of-whor5637vt76.html
[2] https://finance.yahoo.com/news/aumega-metals-provides-exploration-102500501.html