# 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-extractions.minestarters.com/news/st-james-gold-corp-announces-100-option-interest-on-florin-gold-project-yukon-co--6da094e1-b801-471b-85bc-f8e37ee36be5 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: Resource update, Agreement transaction - Extracted: 2026-09-12 11:48:28 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 a 100% interest in the Florin Gold Project in the Yukon. The project contains a 2012 inferred resource of 1.95 million ounces of gold and is considered drill-ready with existing land use permits. Reasoning: The company has secured an option to a large gold project with a significant historical resource, though the resource is speculative \(Inferred\) and based on 2012 data. - Positive factor: Acquisition of 100% option interest in a large-scale gold project - Positive factor: Significant inferred resource of 1.95 Moz gold - Positive factor: Project is drill-ready with existing permits and infrastructure - Positive factor: Located in the historic Tintina Gold Belt - Negative factor: Resource is entirely Inferred category - Negative factor: Resource data is historical \(2012\) - Negative factor: Significant capital commitments required for option exercise Facts used in scoring: 1 ## 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 resource is entirely in the Inferred category, which is speculative. Evidence · text > Inferred Resource of 1,950,000 Oz of gold **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The resource is stated to be prepared in accordance with NI 43-101. Evidence · text > prepared for Florin in accordance with National Instrument 43-101 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: The resource estimate is from 2012, making it over 2 years old. Evidence · text > The Florin Gold Project contains a 2012 Inferred Resource ## Extracted facts Stored fact records: 1. Some facts used in scoring do not have a stored record. ## Resource Estimates (1) ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/st-james-gold-corp-announces-100-option-interest-on-florin-gold-project-yukon-co--6da094e1-b801-471b-85bc-f8e37ee36be5#fact-resource-facts-0) Florin Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Florin Gold Project - Commodity: gold - Region: canada\_yt - Reported Region: Yukon Territory, Canada - Ticker: LORD #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Cole - Resource group id: resource:928273ff280e91b3b665 #### Resource Data - Category: inferred - Tonnes: 127236000 - Grade: 0.48 - Grade Unit: g/t - Contained Metal: 1.95 - Contained Unit: moz - Cutoff Grade: 0.3 - Cutoff Unit: g/t gold #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2012-01-01T00:00:00.000Z #### Dates - Event date: 2021-04-06T00:00:00.000Z Reasoning: The resource is significant in scale but carries high geological risk as it is entirely in the Inferred category and relies on 9-year-old data. - Positive factor: Large scale of contained metal - Negative factor: Entirely inferred category - Negative factor: Historical data from 2012 Evidence · text > The Florin Gold Project contains a 2012 Inferred Resource of 127,236,000 tonnes grading 0.48 g/t gold, approximately 1.95 million ounces of contained gold #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **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: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 9.3 years before this release ## 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.