New Risk • Mar 04
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$287k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$287k free cash flow). Negative equity (-CA$2.9m). Revenue is less than US$1m. Market cap is less than US$10m (CA$4.74m market cap, or US$3.47m). Minor Risk Shareholders have been diluted in the past year (17% increase in shares outstanding). New Risk • Jan 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (33% average weekly change). Negative equity (-CA$2.9m). Revenue is less than US$1m. Market cap is less than US$10m (CA$5.14m market cap, or US$3.69m). Minor Risk Shareholders have been diluted in the past year (17% increase in shares outstanding). New Risk • Aug 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-CA$3.0m). Revenue is less than US$1m. Market cap is less than US$10m (CA$7.59m market cap, or US$5.49m). Minor Risk Shareholders have been diluted in the past year (18% increase in shares outstanding). Tillkännagivande • Oct 22
St. James Gold Corp., Annual General Meeting, Dec 19, 2024 St. James Gold Corp., Annual General Meeting, Dec 19, 2024. Location: british columbia, vancouver Canada New Risk • Sep 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Shares are highly illiquid. Market cap is less than US$10m (CA$3.39m market cap, or US$2.49m). Minor Risk Shareholders have been diluted in the past year (14% increase in shares outstanding). Tillkännagivande • Jul 18
St. James Gold Corp. announced that it expects to receive CAD 0.218625 million in funding St. James Gold Corp. announced a private placement of up to 2,650,000 units at CAD 0.0825 per unit for total proceeds of up to CAD 218,625 on July 17, 2024. Each unit will consist of one common share and one half of one share purchase warrant. Each whole warrant will be exercisable to purchase an additional common share at a price of CAD 0.10 per share for a period of two years from the date of closing. All securities issued in connection with the Offering will be subject to a four-month statutory hold period. The Company will pay commissions of 5% cash and 5% broker/finder’s warrants to registered investment dealers and brokers or to finders in jurisdictions where permitted by law. Each broker/finder’s warrant will entitle the holder to purchase one additional common share at a price of CAD 0.10 per share for a period of one year from the date of issue. Completion of the private placement remains subject to the approval of the TSX Venture Exchange. New Risk • Jun 04
New major risk - Revenue and earnings growth Earnings have declined by 27% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Negative equity (-CA$2.3m). Earnings have declined by 27% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$4.00m market cap, or US$2.92m). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding). Tillkännagivande • May 29
St. James Gold Corp. announced that it expects to receive CAD 0.504 million in funding St. James Gold Corp announced a private placement offering of up to 4,200,000 units at a purchase price CAD 0.12 per unit for gross proceeds CAD 504,000 on May 27, 2024. Each unit will consist of one common share and one-half of one share purchase warrant. Each whole warrant will be exercisable to purchase an additional common share at a price of CAD 0.15 per share for a period of two years from the date of closing. The company will pay commissions of 5 per cent in cash and 5 per cent in broker/finder warrants to registered investment dealers and brokers or to finders in jurisdictions where permitted by law. Completion of the private placement remains subject to the approval of the TSX Venture Exchange. All securities issued in connection with the offering will be subject to a four-month statutory hold period. New Risk • Jan 30
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Negative equity (-CA$2.4m). Negative equity (-CA$2.4m). Revenue is less than US$1m. Revenue is less than US$1m. Market cap is less than US$10m (CA$5.67m market cap, or US$4.23m). Market cap is less than US$10m (CA$5.67m market cap, or US$4.23m). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (28% increase in shares outstanding). Shareholders have been diluted in the past year (28% increase in shares outstanding). Tillkännagivande • Nov 18
St. James Gold Corp. announced that it has received CAD 0.545 million in funding On November 17, 2023, St. James Gold Corp. closed the transaction. The company issued 3,633,335 units for gross proceeds of CAD 545,000. The company paid finders fees of CAD 6,750 and 45,000 finders warrants with each warrant entitling the finder to purchase one additional common share at CAD 0.20 per share for a period of one year from the date of issue. Tillkännagivande • Oct 13
St. James Gold Corp., Annual General Meeting, Dec 13, 2023 St. James Gold Corp., Annual General Meeting, Dec 13, 2023. Tillkännagivande • Sep 14
St. James Gold Corp. announced that it expects to receive CAD 0.56 million in funding St. James Gold Corp. announced a non-brokered private placement of 3,500,000 units at a price of CAD 0.16 per unit for gross proceeds of CAD 560,000 on September 12, 2023. Each unit will be comprised of one common share and one half of one common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at a price of CAD 0.20 per share for a period of two years from the date of issue. All securities issued in connection with the transaction will be subject to a four-month statutory hold period. The company will pay commissions of 5% cash and 5% broker/finder’s warrants to registered investment dealers and brokers or to finders in jurisdictions where permitted by law. Each finder’s warrant will entitle the holder to purchase one additional common share at a price of CAD 0.20 per share for a period of one year from the date of issue. The completion of the transaction remains subject to the approval of the TSX Venture Exchange. Tillkännagivande • Jul 07
St. James Gold Corp. announced that it has received CAD 0.133 million in funding On July 6, 2023, St. James Gold Corp closed the transaction. The company issued 886,668 units for gross proceeds of CAD 133,000 in the transaction. Tillkännagivande • May 19
St. James Gold Corp. announced that it expects to receive CAD 0.498 million in funding St. James Gold Corp. announced a non-brokered private placement of 4,150,000 units at the price of CAD 0.12 per unit for gross proceeds of CAD 498,000 on May 18, 2023. Each unit will be comprised of one common share and one half of one common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at CAD 0.17 per share for a period of one year from the date of issue. All securities issued in connection with the transaction will be subject to a four-month statutory hold period. Completion of the transaction remains subject to the approval of the TSX Venture Exchange. Tillkännagivande • May 06
St. James Gold Corp. announced that it has received CAD 0.102657 million in funding St. James Gold Corp. a non-brokered private placement of 855,479 units at an issue price of CAD 0.12 per unit for gross proceeds of CAD 102,657.48 on May 5, 2023. Each unit will be comprised of one common share and one half of one common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at CAD 0.20 per share for a period of one year from the date of issue. The company has decided not to sell any further units of the previously announced private placement. All securities issued in connection with the offering will be subject to a four-month statutory hold period. Completion of the private placement has been approved by the TSX Venture Exchange. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Nicolas Lin was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Tillkännagivande • Aug 12
St. James Gold Corp. announced that it has received CAD 0.63657 million in funding On August 11, 2022, St. James Gold Corp. closed the transaction. The company has raised CAD 636,570.26 in the transaction. The company has issued 60,000 flow-through units at a price of CAD 0.49 per units and 83,000 non-flow-through units at a price of CAD 0.41 per unit for aggregate gross proceeds of CAD 63,430 in its second and final tranche. The total units issued for both tranches is 1,229,674 flow-through Units of the company for CAD 602,540.26 and 83,000 non-flow-through units for CAD 34,030. Tillkännagivande • Jul 28
St. James Gold Corp. Provides Update on Florin Gold Project St. James Gold Corp. announced that it has received access to diamond drill core, drill logs and assay data from previous drill campaigns at the Florin Project located 60 km northwest of Mayo, Yukon Territory, Canada which is host to the Florin Inferred Gold Resource of 2,474,000 oz gold contained in 170,993,000 tonnes grading 0.45 g/t with a cut-off of 0.30g/t1 (the "Florin Inferred Resource"). St. James has received access to the laboratory assay certificates and the drill core pertaining to several core holes drilled in 2003-2004. Details are anticipated for additional drill holes, with results to be released when verified. At that time the average price of gold ranged between USD 364 - USD 410 per ounce Au and only multi-gram gold drill intercepts were considered to be of economic interest. Verification of the data obtained will be carried out, with results to be released following verification. Both prior to and during 2021, the Treadwell area was the target of soil sampling programs by St James that show a one kilometre by two-kilometre gold in soil anomaly. The historic holes fall within the Treadwell North area which is located 400 metres from the edge of the Florin Inferred Resource Whittle pit-shell. During the 2021 season, diamond coring hole DDH 21-068 targeted the periphery of the Treadwell North and returned mineralization down the length of the hole. In the same general area, the Treadwell Adits returned multi-gram gold 15.8 g/t Au, 11.15 g/t Au and 14.85 g/t Au values from grab samples taken during 2021. St James announced it has completed two drill holes. The first hole was drilled to depth of 419 meters and the other drill hole was drilling to a depth of 432 meters. The assay results will be announced when available. St. James also announced that it has suspended drilling on the Florin Gold Project due to current market conditions. St. James is currently in default of its obligations under the option agreement, as amended (the "Option Agreement") with Florin Resources Inc. ("Florin"). St. James is currently trying to renegotiate certain of the terms of the Option Agreement with Florin; however, there is no assurance that the Option Agreement will be satisfactorily renegotiated with Florin, or renegotiated before the end of the cure period. As a result, St. James may need to obtain additional financing in order to satisfy its obligations under the Option Agreement and to meet its firm cash commitments thereunder. Tillkännagivande • Jul 08
St. James Gold Corp. Announces LiDAR Survey Reveals Predominant Minerlization Trends and Seven High Level Prospecting Targets At the Florin Project, Yukon Territory, Canada St. James Gold Corp. announced the results from interpretation of its 2021 season, Light Detection and Ranging (“LiDAR”) survey at the Florin Project located 60 km northwest of Mayo County, Yukon Territory, Canada which is host to the Florin Inferred Gold Resource. Highlights of the LiDAR survey interpretation Seven new areas of high prospectivity within the Florin Gold Property boundaries have been identified for follow-up exploration WSW–ENE and NNW–SSE structuralcontrols on gold-in-soil anomalies will guide diamond drilling in the immediate area of the Florin Gold Inferred Resource. NW and NNE lineament populations indicate that the mineralized gold hosting intrusion may be partially down-dropped and preserved to the northwest of the Florin Inferred Resource. The survey covered the entire, 22,000-acre (89 km2) area of the original Florin Projectclaims that surround the Florin Inferred Resource employing LiDAR technology to discern what are the predominant, structural trends responsible for gold mineralized emplacement of the resource and to identify other areas within the mineral tenure claims group that display similar structuralcomplexity as prospective sites for further targeted exploration. Structures trending NW – SE and NNE – SSW were interpreted from the survey which, along with the mapped trace of the Florin Intrusion and the trace of the Florin Inferred Resource were overlain on a digital elevation model in and around the resource area (Figure 1). The interpreted structures show a strong correlation with the surface trace of the Florin intrusion. This correlation also suggests that the area to the northwest of the resource may have been down-dropped, thereby presenting a deeper target for future drill testing. Structures trending WSW – ENE and NNW – SSE were also interpreted from the LiDAR survey which were overlain on the contoured in soil gold geochemistry assays in and around the resource area. The interpreted structures show a strong correlation with higher grade zones of gold-in-soil anomalism and will guide drilling to focusing on expansion of the Florin Inferred Resource. The interpretation also emphasizes a broad area east of the resource – the Treadwell Zone – which will provide a focus for the initial holes for the 2022 drill campaign. Structuresin the wider Florin claim area Analysis of interpreted structures in the immediate vicinity of the Florin Inferred Resource has led to identification of seven further, kilometric scale domains which display broadly similar density and orientation of structures. Historic, stream sediment sample and rock chip sample assay results will help prioritize the order in which these areas are prospected. Tillkännagivande • Jul 06
St. James Gold Corp. Mobilizes Drill and Crews to the Florin Gold Project in Yukon Territory, Canada St. James Gold Corp. announced that it has commenced camp construction and mobilized drill equipment and crew to the road accessible Florin Gold Project which is host to the 2.47 million ounce Florin Inferred Resource, located within the Florin Project area, 60 km northwest of Mayo County, Yukon Territory, Canada. The Florin Gold Project contains an inferred resource of 2,474,000 oz gold contained in 170,993,000 tonnes grading 0.45 g/t with a cut-off of 0.30g/t, at a $1,650 gold price. For additional information, see the Technical Report prepared in accordance with National Instrument 43-101 entitled Florin Gold Project NI 43-101 Technical Report, Mayo and Dawson Mining Districts, Yukon Territory, by Ronald G Simpson, P.Geo. of GeoSim Services Inc., dated April 6, 2021, a copy of with is available under the Company’s SEDAR profile. The 16-member crew will oversee a diamond drill program of up to 8,500 metres. The drill program is aimed at expansion of the 2.47 million ounce inferred gold resource which is contained in 170,993,000 tonnes grading 0.45 g/t with a cut-off of 0.30 g/t and sits on a northwest striking structure known as the Jethro Fault. Highlights of the proposed drilling campaign include: Mobilization of crew and the initiation of camp construction; A drill program between 7,000 and 8,500 metres planned to increase the existing inferred gold resource; Priority step-out drill targets adjacent to existing resource; Approximately 900 metres of a 5-kilometre structure drill-tested to date; 2021 soil geochemistry results better define 2022 drill targets; Interpretation of the 2021 LiDAR survey to better define structural targets for the 2022 drill program. The existing inferred resource is based on drilling approximately 900 metres along the strike of the fault, which has been traced for five kilometres and is the site of three further, significant geochemical anomalies. The planned program intends to drill up to 30 priority targets down to a depth of 400 metres in two target areas: Around the Treadwell Structure area in the East Zone, adjacent to the inferred resource, where gold in soil assays along with historic drill intercepts and rock chip sampling assays from St James’ 2021 field program returned high-grade gold results and in the anticipated, westerly on-strike extension of the existing inferred resource, and in the vicinity of an historic drill hole, ICE10-028, assays from which returned 526m grading 0.75 g/t Au. Both these priority target areas support prior exploration efforts wherein the Company traced the Jethro Fault for more than five kilometres of which only 1.2 kilometres has been partially drill tested showing the current inferred resource sitting on an 875 metre section of the Fault. Tillkännagivande • Jun 17
St. James Gold Corp. Releases an Interpretation of Sentinel Satellite Imagery At the Florin Project, Yukon Territory, Canada St. James Gold Corp. report an interpretation of the results derived by filtering digital data from a Sentinel satellite image, selected for its coverage across the project area at St. James' Florin Project located in Mayo District, Yukon Territory, Canada. Sentinel is a useful, first-pass tool for mapping iron and clacontents that can be used to identify areas of iron oxide-rich gossan which may represent residual iron content from sulphide mineralization, and epithermal clay alteration which may represent the breakdown of feldspars due to epithermal fluid flow in and around mineralized intrusions. In the immediate vicinity of the Florin Inferred Resource, the Sentinel data has been interpreted to show an oval signature for iron oxide where the long axis measures 3.5km with a WNW-ESE strike that crudely coincides with the strike of the Jethro fault. A plausible interpretation of this oval signature is that it may be the result of a large, granitoid intrusion at depth that has within this signature the Florin Inferred Resource. If the oval signature does in fact represent a large intrusion at depth, it is plausible to interpret these features as the surface expression of apophyses related to a granitoid intrusive whose emplacement has been controlled by the Jethro Fault. Tillkännagivande • May 08
St. James Gold Corp. Announces it has Received Initial Positive Results from an Induced Polarization Survey on the Quinn Lake Property in Newfoundland, Canada St. James Gold Corp. announced that it has received initial positive results from an Induced Polarization survey on the Quinn Lake property in Newfoundland, Canada. To date Simcoe Geoscience has completed and processed five of nine IP profiles. The IP survey has delineated an anomaly over 1.7 km of the 3.5 km in length zone to be tested, with additional lines in progress. The Quinn Lake property adjoins the eastern margin of Marathon Gold’s Valentine Gold Project is flanked to the east by Canterra Minerals Corp. Wilding Gold Project. The Company has compiled geological and geophysical field data on the property including historical IP surveys that cover portions of the Quinn Lake Property. The results of the historical survey show a near surface chargeability anomaly. The current IP survey will achieve additional IP coverage of the prospective zone and determine the full extent of the chargeability anomaly. The Company intends to complete a surface geochemical survey on the property following up on the results of the IP survey for further drill hole targeting. Marathon’s Valentine Gold Project contains a series of five mineralized deposits: the Leprechaun, Sprite, Berry, Marathon, and Victory along a 20-kilometre system. An April 2021 feasibility study outlined an open pit mining and conventional milling operation over a 13-year mine life with a 31.5-per-cent after-tax rate of return. The Valentine Gold Project has estimated proven mineral reserves of 1.40 million ounces (29.68 million tonnes at 1.46 grams per tonne) and probable mineral reserves of 650,000 ounces (17.38 million tonnes at 1.17 g/t). Total measured mineral resources (inclusive of the mineral reserves) comprise 1.92 million ounces (32.59 million tonnes at 1.83 g/t) with indicated mineral resources (inclusive of the mineral reserves) of 1.22 million ounces (24.07 million tonnes at 1.57 g/t). Additional inferred mineral resources are 1.64 million ounces (29.59 million tonnes at 1.72 g/t Au). Readers should refer to the Marathon’s filings made with the Canadian securities regulatory authorities. The reader is cautioned that the presence of the above discussed mineralization on the nearby property does not necessarily indicate that any such mineral resource may be discovered on the Quinn Lake Property, or if discovered that it may be economically recoverable. The prospective contact between the igneous trondhjemite (tonalite) with the Rogerson Lake Conglomerate is within proximity to the Valentine Lake shear Zone. This is a key contact and feature of the multiple Marathon discoveries. The Valentine Lake Shear Zone trends from the Marathon trend of discoveries through the Quinn Lake Property and further to the east onto Canterra’s Wilding Gold Project. The Quinn Lake Property also straddles the Valentine Lake Shear Zone and Rogerson Lake Conglomerate which are spatially related to gold mineralization in the area. Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Jessika Angarita is the most experienced director on the board, commencing their role in 2019. Independent Director Nicolas Lin was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Tillkännagivande • Apr 21
St. James Gold Corp. Plans Induced Polarization Survey on Quinn Lake Property Adjacent to Marathon Gold Discoveries Being Geared for Production, Newfoundland, Canada St. James Gold Corp. is planning an Induced Polarization (IP) survey on the Quinn Lake property in Newfoundland, Canada. The Quinn Lake property adjoins the eastern margin of Marathon Gold’s Valentine Gold Project who are advancing the project through to production. The company has retained Simcoe Geoscience who will be completing a 10 line kilometer survey over portions of the property, and testing 3.5 km strike length of the Valentine Lake Shear Zone. The company has compiled geological and geophysical field data on the property including historical IP surveys that cover portions of the Quinn Lake Property. The results of the historical survey showed near surface chargeability anomaly. The current IP survey will achieve additional IP coverage of the prospective zone and determine the full extent of the chargeability anomaly. The Quinn Lake Property is flanked to the east by the Canterra-Wilding property, where multiple discovery holes have been drilled in recent campaigns. Marathon’s Valentine Gold Project contains a series of five mineralized deposits. The Leprechaun, Sprite, Berry, Marathon, and Victory along a 20-kilometre system. An April 2021 feasibility study outlined an open pit mining and conventional milling operation over a 13-year mine life with a 31.5-per-cent after-tax rate of return. The Valentine Gold Project has estimated proven mineral reserves of 1.40 million ounces (29.68 million tonnes at 1.46 grams per tonne) and probable mineral reserves of 650,000 ounces (17.38 million tonnes at 1.17 g/t). Total measured mineral resources (inclusive of the mineral reserves) comprise 1.92 million ounces (32.59 million tonnes at 1.83 g/t) with indicated mineral resources (inclusive of the mineral reserves) of 1.22 million ounces (24.07 million tonnes at 1.57 g/t). Additional inferred mineral resources are 1.64 million ounces (29.59 million tonnes at 1.72 g/t Au). Readers should refer to the Marathon’s filings made with the Canadian securities regulatory authorities and available for further details and assumptions related to the Valentine Gold Project. The reader is cautioned that the presence of the above discussed mineralization on the nearby property does not necessarily indicate that any such mineral resource may be discovered on the Quinn Lake Property, or if discovered that it may be economically recoverable. The prospective contact between the igneous trondhjemite (tonalite) with the Rogerson Lake Conglomerate is within proximity to the Valentine Lake shear Zone. This is a key contact and feature of the multiple Marathon discoveries. The Valentine Lake Shear Zone trends from the Marathon trend of discoveries through the Quinn Lake Property and further to the east onto Canterra’s Wilding Gold Project. The Quinn Lake Property also straddles the Valentine Lake Shear Zone and Rogerson Lake Conglomerate which are spatially related to gold mineralization in the area. Tillkännagivande • Apr 13
St. James Gold Corp Announces Second Batch of Drilling Results from the 2021 Diamond Drill Program at Florin Project, Yukon Territory, Canada St. James Gold Corp. announced assay results from a further six out of 16 diamond drill holes from the 2021 drilling campaign at the Florin Gold Project located in the Mayo Mining District, Yukon Territory, Canada, The step-out drilling program was designed to test gold in soil geochemical targets in proximity to the current 2.47M oz gold inferred resource1 with step out drilling to the northwest and south east along the Jethro Fault. Additionally, areas currently defined as strip ratio material within the inferred resource pit shell were also drill tested. To date the Jethro Fault has been traced for over 5 km, of which approximately 1.3 km has been drill tested. These latest drill results include drill hole DD21068. The hole was collared 380m to the east of the current inferred resource and was drilled to the northeast at an azimuth of 040° to test the East Zone gold in soil geochemistry anomaly. DD21068 is mineralized from surface for the entire length of the hole and returned 299 m grading 0.32g/t Au. DD21073 tested an area 240 metres northeast of the current inferred resource and was drilled away from the inferred resource at an azimuth of 028° to the northeast. The drill hole was mineralized from surface throughout the length of the hole, including from surface 89 m grading 0.49g/t Au. These drill holes show broad intersections of gold mineralization including intermittent higher grade intervals that will inform future drilling programs. Drilling was completed within untested areas on the flanks of the inferred mineral resource as well as untested areas classified as waste strip ratio material within the current inferred resource pit. Exploration completed during 2021 on the property, including drilling, surface mapping, rock and soil sampling of gold anomalies. Exploration to date has tested less than 2% of the property. The Florin Gold Project is a reduced-intrusion-related gold deposit located in the prolific Tintina Gold Belt. Gold mineralization is hosted in intrusive and metasedimentary rocks localized along a 1 km section of the Jethro fault that has been traced for over 5km of length. The remaining assay results from the 2021 Exploration program are expected to be released in the upcoming weeks. The Company intends to outline its plans for the upcoming 2022 Exploration season following the final release of the 2021 Assay results. Tillkännagivande • Apr 09
St. James Gold Corp. Appoints Jiang Yu as Director and Chairman of the Board of the Company St. James Gold Corp. announced that effective immediately, Mr. Jiang (Jay) Yu has been appointed as a director and Chairman of the board of the Company. Mr. Yu has replaced Mr. George Drazenovic, who has resigned as a director but will continue to act in his current capacity as the Chief Executive Officer of the Company. The Company is also pleased to announce that effective immediately, Mr. Yu has been appointed as President of the Company. Mr. Yu is a serial entrepreneur with over 16 years of capital markets experience on Wall Street. Mr. Yu’s experience includes advising both private and public company executives and providing corporate advisory services with respect to equity financings, mergers and acquisitions, structured financings, initial public offerings and listings on recognized stock exchanges in North America. Mr. Yu will not be considered independent under applicable securities laws given his appointment as President, however, the Board remains comprised of a majority of independent directors. Mr. Yu will also serve on the audit committee in place of Mr. Drazenovic. The audit committee remains comprised of three directors, two of which are independent. Tillkännagivande • Mar 02
St. James Gold Corp. announced that it has received CAD 0.5 million in funding On February 28, 2022, St. James Gold Corp. closed the transaction. Tillkännagivande • Feb 12
St. James Gold Corp., Annual General Meeting, Apr 13, 2022 St. James Gold Corp., Annual General Meeting, Apr 13, 2022. Board Change • Jan 26
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Jessika Angarita is the most experienced director on the board, commencing their role in 2019. Independent Director Nicolas Lin was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Tillkännagivande • Jan 09
St. James Gold Corp. announced that it expects to receive CAD 0.500001 million in funding ST. JAMES GOLD CORP. () announced a non-brokered private placement of up to 431,035 units at a price of CAD 1.16 per unit for gross proceeds of up to CAD 500,000.6 on January 7, 2022. Each unit consists of one common share and one common share purchase warrant. Each warrant can be exercised to acquire one common share at a price of CAD 1.45 per share for a period of two years from the date of closing. The transaction is subject to approval from regulatory and TSX Venture Exchange. The securities are being subject to four months hold period. Tillkännagivande • Sep 23
St. James Gold Corp. Provides Update on 2021 Drilling Campaign At the Florin Project, Yukon Territory, Canada St. James Gold Corp. announce that the 2021 campaign has been directed towards drilling further mineralization in order to increase the overall 2.47Moz gold inferred resource (2.47-million-ounce inferred gold resource (170,993,000 tonnes grading 0.45g/t Au with a 0.30g/t Au cut-off) at the Florin Project in the Yukon. The program has focused on areas adjacent to the existing inferred resource in areas where anomalous gold results have been returned from soil sampling in previous seasons. In spite of only having a week in which to mobilize, late in the field season, the team at Florin have managed to drill 1,275m in seven holes so far, with platforms prepared for another 11 holes in the immediate area of the inferred resource. Assay results are not expected for several weeks. The summary logs from all these holes describe intervals of fine-grained sulphides hosted in intrusive and meta-sedimentary rocks, typical of the known, mineralized lithologies in the project. Any holes that remain undrilled this season will be prioritized when the field season re-opens in Q2, next year. In parallel, a prospecting drive has started to map sites of historic artisanal mining identified next to dumps that have yielded gold-bearing grab samples. These areas are under investigation to better understand the mechanisms that concentrate higher grades of mineralization in and around the Florin intrusive. In the meantime, satellite imagery has been ordered to guide prospecting, mapping and sampling in order to better understand the distribution of mineralization in and around the Florin intrusion. Tillkännagivande • Sep 10
St. James Gold Corp. announced that it has received CAD 4.015687 million in funding On September 9, 2021, St. James Gold Corp. closed the transaction. The company issued 424,391 units at a price of CAD 3.22 per unit and 108,801 flow-through units at a price of CAD 3.86 per unit for aggregate gross proceeds of approximately CAD 1,786,511. The company issued total gross proceeds of approximately CAD 4,015,687 in the transaction. As consideration for its services in connection with the closing of the second tranche, the company paid the agent a cash fee in the amount of CAD 151,774 and issued the agent an aggregate of 43,271 broker warrants Tillkännagivande • Aug 06
St. James Gold Corp. announced that it expects to receive CAD 3.999967 million in funding St. James Gold Corp. announced that it has entered into an agreement with Canaccord Genuity Corp. for a commercially reasonable efforts brokered private placement of up to 931,667 units at a price of CAD 3.22 per unit and 259,067 flow-through units at a price of CAD 3.86 per unit for aggregate gross proceeds of up to CAD 4,000,000 on August 5, 2021. Each unit will be comprised of one common share and one common share purchase warrant, with each warrant entitling the holder to purchase one additional common share at CAD 4.18 per share for a period of three years from the date of issue. Each flow-through unit will be comprised of one flow-through share and one common share purchase warrant, with each warrant entitling the holder to purchase one additional common share at CAD 4.18 per share for a period of three years from the date of issue. All securities to be issued will be subject to a four months statutory hold period. The closing of the transaction is subject to, among other things, the receipt of all necessary approvals from the TSX Venture Exchange. The transaction is expected to close on August 26, 2021 or such other date to be agreed to by the Company and the lead agent. Tillkännagivande • Jul 15
St James Gold Corp.'S Operator Secures Drill Contractor for Drilling At the Florin Gold Project in the Yukon Territory, Canada St. James Gold Corp. announced that on July 7, 2021 it's Operator has secured Superior Diamond Drilling Inc., an established drill contractor based in Mayo, Yukon, to complete up to 13,000 metres of diamond drilling at its district-scale, 89 square-kilometre Florin Gold Project located in the prolific Tombstone gold belt of the Yukon Territory,Canada. The majority of drilling at the Florin Gold Project this season will be focused on expansion drilling adjacent to the existing resource which currently contains an inferred mineral resource of 2.47 million oz gold in 170,993,000 tonnes grading .45 g/t gold, with a cut-off grade of .3 g/t gold (Simpson, 2021). Prior drill programs have encountered gold mineralization from surface to depth with intercepts and grades comparable to similar intrusion-related gold deposits in the region, including Victoria Gold's Eagle and Olive gold deposits. The current resource area spans approximately 900 metres on strike along the NW fault which through multiple exploration programs has now been traced to in excess of 5 kilometres. In addition to expansion drilling to test for potential mineralization adjacent to the existing Resource Area the company intends to test other encouraging Geochem targets. In particular the company intends to drill test significant Geochem targets including greater than 500 ppb gold-in-soil anomalies that are approximately one km West of the existing Resource Area and generally overlying a target area covering 1 km x 1 km. Oversight of the Project is being provided by a 6-member Technical Committee which has currently identified a total of 6 high priority targets and 30+ drill holes at an estimated 300+- metres each. The company anticipates commencement of the mobilization and construction of a 28-person camp for the 2021 exploration drill program shortly and the Company will provide further updates regarding the same in the coming weeks. St James' Operator has a Class 3 Mining Land Use Permit for the Florin Gold Project claim blocks, comprising the 89 square km Florin Gold Project. The Class 3 permit, valid until March 20, 2026, will allow St. James Gold Corp. to complete advanced exploration activities across the Florin Gold Project claim blocks. The Class 3 land use permit will allow St. James Gold Corp.'s Operator to aggressively move forward to drill test several priority targets across the district-scale Florin Gold Project gold project in 2021 and beyond. Tillkännagivande • Jul 02
St. James Gold Corp. announced that it has received CAD 5.003427 million in funding On June 30, 2021, St. James Gold Corp. closed the transaction. The company will issue 1,241,251 units and 355,465 flow-through units for an aggregate gross proceeds of CAD 5,003,427. Each flow-through unit will be comprised of one flow-through common share and one warrant, with each warrant entitling the holder to purchase one additional common share at CAD 3.90 per share for a period of three years from the date of issue. The company paid CAD 300,206 as finder's fees and issued 95,803 broker warrants. In addition, the company issued 31,934 units to the agent in satisfaction of a corporate finance fee. Tillkännagivande • Jun 09
St. James Gold Corp Files Independent Technical Report St. James Gold Corp. announced that it has filed an independent technical report titled "Florin Gold Project NI 43-101 Technical Report Mayo and Dawson Mining Districts, Yukon Territory", prepared by Ronald G. Simpon, P.Geo., with an effective date of April 6, 2021 (the "Technical Report"). The Technical Report conforms to National Instrument 43-101 - Standards for Disclosure of Mineral Projects and supports the disclosure in the Company's news release dated Apri 12, 2021. The Technical Report discloses an inferred mineral resource at the Florin Gold Project of 2,474,000 ounces of gold in 170,993,000 tonnes grading 0.45 g/t with a cutoff of 0.30 g/t, at a gold price of $1,650 per ounce. The Technical Report recommends an exploration program totalling approaximately $23 million, as previously disclosed in the Company's April 12th news release, but recommends that such program be carried out in three phases rather than two. The Phase I first year exploration program is budgeted at $2,300,000 and includes 5,000 metres of diamond drilling, the Phase II second year exploration program is budgeted at $6,769,000 and includes 15,000 metres of diamond drilling; and the Phase III program for the third and fourth years is budgeted at $14,500,000 and includes 40,000 metres of diamond drilling. The decision to proceed with either Phase II or Phase III is contingent upon results from the preceding stage. Tillkännagivande • May 28
St. James Gold Corp. Planning Newfoundland Field Work on Quinn Lake and Grub Line Properties to Select Drilling Sites St. James Gold Corp. announced it has begun planning its field activities in the Queensway-Valentine Lake gold belt of Newfoundland where recently announced promising drill results by New Found Gold Corp. and Marathon Gold Corporation have generated great interest in the belt. St. James Gold holds two strategically located properties in this region: The Grub Line property, which straddles the Grub Line fault 6 km east of the New Found Gold Keats discovery; and the Quinn Lake property, which lies between Marathon Gold’s Valentine Lake discovery on the southwest and Canterra-Altius’ numerous prospects to the northeast. Field work on each of the Company’s properties will entail detailed surface prospecting and trenching, detailed gold geochemical sampling, geophysical detail work, and drill site selection. A drilling permit is in hand for the Quinn Lake property, where multiple high gold-in-till sampling results were obtained by Noranda in historical work on the property and drilling is anticipated at Quinn Lake as soon as equipment and personnel are mobilized. Tillkännagivande • May 21
St. James Gold Corp. Receives Permits for Both Surface Work and Drilling at Quinn Lake Project St. James Gold Corp. announced receipt of a Surface Work Permit and a Drilling Permit for the Quinn Lake Project, its 100-per-cent controlled mineral licences situated in Central Newfoundland, Canada (the “Quinn Lake Project”). These permits were issued by the Mineral Lands Division of Newfoundland and submitted in compliance with Section 5(4) of the Mineral Act (Newfoundland). Additional peripheral permits pending include: a commercial permit to operate during the fire season; a wood cutting permit for cutting lines; and a Water Use Licence. The Quinn Lake Project is contiguous with the Valentine Gold Project operated by Marathon Gold Corp. where recent discoveries and ongoing drilling campaigns indicate 3.14 Million oz gold (Au)(47.06 million tonnes at 1.36 g/t Au) in the measured and indicated mineral resource categories, and 1.00 Million oz Au (18.25 Mt at 1.70 g/t Au) in the inferred mineral resource category. A recent feasibility study for Marathon Gold Corp. concluded that the proven and probable mineral reserves of 2.05 Million oz Au (47.06 Mt at 1.36 g/t Au) would support an open-pit mining operation with low initial capital cost and high rate of return over a 13-year mine life (see Marathon Gold Corp. news release dated March 29, 2021). The Quinn Lake Project is favourably situated along strike from the above-mentioned Valentine Gold project. Additionally, the property straddles the Valentine Lake fault zone which appears to control gold mineralization in the area. The fault zone contains buried and truncated Silurian Rogerson Lake Conglomerate in its footwall and represents a crustal-scale structure which may have tapped gold sources from Neoproterozoic Ganderian basement. This prospective gold corridor has yielded numerous surface discoveries in adjacent areas that have been advanced to drilling stage. The Quinn Lake Project stands as a relatively underexplored section of the land that has never been trenched or drill-tested to date, in spite of encouraging prospecting results reported by both Noranda in 1989 and Paragon Minerals in 2011. The company is finalizing an exploration program to commence in June. It will include surface geochemistry surveys, geophysics and trenching to identifying gold targets. Tillkännagivande • May 13
St. James Gold Corp. announced that it expects to receive CAD 6.51 million in funding St. James Gold Corp. (TSXV:LORD) announced a commercially reasonable efforts brokered private placement of up to 2,170,000 units at a price of CAD 3 per Unit for gross proceeds of up to CAD 6,510,000 on May 12, 2021. The offering will be conducted in all provinces of Canada and in the United States. Each unit will be comprised of one common share and one common share purchase warrant, with each warrant entitling the holder to purchase one additional common share at CAD 3.90 per share for a period of three years from the date of issue. All securities to be issued will be subject to a four months statutory hold period. The company has granted the agents an option exercisable in whole or in part, at any time prior to the closing date, to increase the size of the offering by up to 500,000 units to raise additional gross proceeds of up to CAD 1,500,000. The closing of the transaction is subject to, among other things, the receipt of all necessary approvals from the TSX Venture Exchange. Closing of the offering will occur on a date to be agreed to by the company and the lead agent. Tillkännagivande • Mar 12
St. James Gold Corp. announced that it has received CAD 0.84998 million in funding On March 10, 2021, St. James Gold Corp. (TSXV:LORD) closed the transaction. The company issued 590,264 units for gross proceeds of CAD 849,980. Tillkännagivande • Mar 06
St. James Gold Corp. Provides A Corporate Update on the Progress of its Expansion in the Newfoundland Area St. James Gold Corp. provided a corporate update on the progress of its expansion in the Newfoundland area and looking to acquire additional high value gold assets. The Island of Newfoundland represents an emerging under-explored gold district. Previous production from epithermal (Au-Cu) and orogenic (Au-only) deposits, and as byproduct of volcanogengic massive sulphide (VMS) operations is well documented and remains a focus of geoscience research by the Geological Survey of NL and mining industry. Two areas of major gold exploration activity have been targeted by St James Gold Corp. for new acquisitions of mineral licenses situated near VMS deposits and advanced gold projects surrounding Valentine Lake and Queensway projects. In January of 2021, the Company completed its acquisition of 29 claims covering 1,791 acres in the Gander Gold District in North Central Newfoundland Island, known as the Grub Line Claims. Located in the north central part of Newfoundland within a new prolific gold district, the Property is sandwiched and structurally bound between the Joe Bates Pond (JBP) fault just to the west currently being worked by New Found Gold's Queensway's project, and the Grub Line fault. With the recent discovery hole by New Found Gold nearby, interest in the region and further delineation of these mineralizing structures has intensified. Is New 90 Day High Low • Mar 02
New 90-day high: CA$2.34 The company is up 818% from its price of CA$0.26 on 01 December 2020. The Canadian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 1.0% over the same period. Tillkännagivande • Feb 18
St. James Gold Corp. announced that it expects to receive CAD 0.849996 million in funding St. James Gold Corp. (TSXV:LORD) announced a non-brokered private placement of 590,275 units at a price of CAD 1.44 per unit for gross proceeds of CAD 849,996 on February 17, 2021. Each unit will be comprised of one common share and one common share purchase warrant, with each warrant entitling the holder to purchase one additional common share at CAD 2.50 per share for a period of two years from the date of issue. All securities to be issued will be subject to a four month statutory hold period. The company may pay a finder's fee may in cash and or share purchase warrants in accordance with the rules of the TSX Venture Exchange. Completion of the private placement remains subject to the approval of the TSX Venture Exchange. Tillkännagivande • Feb 06
St. James Gold Cancels Agreement with Investor Awareness Company St. James Gold Corp. announced to provide an update on its agreement with Dig Media Inc. dba Investing News Network (INN) which was previously announced on February 4, 2021. After reconsideration, the Company has decided not to proceed with the advertising and investor awareness campaign with Dig Media Inc. Is New 90 Day High Low • Jan 30
New 90-day high: CA$1.61 The company is up 794% from its price of CA$0.18 on 30 October 2020. The Canadian market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 3.0% over the same period. Is New 90 Day High Low • Jan 14
New 90-day high: CA$0.80 The company is up 272% from its price of CA$0.21 on 08 October 2020. The Canadian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 4.0% over the same period. Tillkännagivande • Jan 09
St. James Gold Corp. Obtains Exchange Acceptance for Filing the Option Agreement on the Grub Line Newfoundland Project St. James Gold Corp. announced the completion of a National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101) technical report entitled Geological Report on the Grub Line Property, Gander Area NTS 2D/15, Newfoundland Labrador, with an effective date of December 30, 2020 (the Technical Report). Information derived from past exploration programs on the Grub Line property area, the vast majority conducted by Falconbridge Limited in 1990 and 1991 on 2,504 meters of diamond drilling, and regional geochemical surveys and geological mapping conducted by the Geological Survey of NL, suggest that the geological setting of the Grub Line project is prospective of volcanogenic base metal deposits and orogenic type gold deposits. The 1,791 acre Grub Line project is bracketed on its east border by the Gander River Ultramafic Belt (GRUB), a tectonic fault formed during the closing of the Iapetus ocean, signifying a deep seated, mantle tapping structure associated with known mineralization. Actively explored in the past for base metals, prominent and deep regional crustal breaks connected and parallel to the GRUB could provide conduits for gold bearing fluids to migrate to the near surface and precipitate out into related secondary and tertiary structures. With the recent discovery hole by New Found Gold nearby, interest in the region and further delineation of these mineralizing structures has intensified. Based on technical information on projects bordering the Grub Line project and recent discoveries nearby, the Technical Report proposes a 2-phase exploration program in 2021 to test the existing new base metal mineralization and gold targets. Contingent upon results from the phase 1 geochemical soil sampling and mobile-metal ion surveys, a 1,200 metre diamond drill testing program is recommended. Further work is in particular required along strike to the north from the historical drill intersections completed by Falconbridge. Tillkännagivande • Jan 06
St. James Gold Corp Announces the Completion of A National Instrument 43-101 Standards of Disclosure for Mineral Projects St. James Gold Corp. announced the completion of a National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") technical report entitled "Geological Report on the Grub Line Property, Gander Area NTS 2D/15, Newfoundland Labrador", with an effective date of December 30, 2020. The Technical Report was prepared by Christopher Baldys, P. Eng, a "Qualified Person" as defined by NI 43-101 and independent of the Company. The Technical Report presents the results of the details of land tenure, summarizes historical work performed, and recommends a two-phased exploration program to evaluate the potential for gold mineralization. Information derived from past exploration programs on the Grub Line property area, the vast majority conducted by Falconbridge Limited in 1990 and 1991 on 2,504 meters of diamond drilling, and regional geochemical surveys and geological mapping conducted by the Geological Survey of NL, suggest that the geological setting of the Grub Line project is prospective of volcanogenic base metal deposits and orogenic type gold deposits. The 1,791 acre Grub Line project is bracketed on its east border by the Gander River Ultramafic Belt (GRUB), a tectonic fault formed during the closing of the Iapetus ocean, signifying a deep seated, mantle tapping structure associated with known mineralization. Actively explored in the past for base metals, prominent and deep regional crustal breaks connected and parallel to the GRUB could provide conduits for gold bearing fluids to migrate to the near surface and precipitate out into related secondary and tertiary structures. With the recent discovery hole by New Found Gold nearby, interest in the region and further delineation of these mineralizing structures has intensified Based on technical information on projects bordering the Grub Line project and recent discoveries nearby, the Technical Report proposes a 2-phase exploration program in 2021 to test the existing new base metal mineralization and gold targets. Contingent upon results from the phase 1 geochemical soil sampling and mobile-metal ion surveys, a 1,200 metre diamond drill testing program is recommended. Further work is in particular required along strike to the north from the historical drill intersections completed by Falconbridge. Is New 90 Day High Low • Dec 30
New 90-day high: CA$0.70 The company is up 250% from its price of CA$0.20 on 23 September 2020. The Canadian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 3.0% over the same period. Tillkännagivande • Dec 19
St. James Gold Corp., Annual General Meeting, Feb 16, 2021 St. James Gold Corp., Annual General Meeting, Feb 16, 2021. Location: 704 - 595 Howe Street Vancouver British Columbia Canada Is New 90 Day High Low • Dec 12
New 90-day high: CA$0.51 The company is up 162% from its price of CA$0.20 on 11 September 2020. The Canadian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 10.0% over the same period. Is New 90 Day High Low • Nov 24
New 90-day high: CA$0.35 The company is up 169% from its price of CA$0.13 on 25 August 2020. The Canadian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 9.0% over the same period. Tillkännagivande • Sep 19
Bard Ventures Ltd. Announces the Resignation of Ming Jiao from the Board of Directors Bard Ventures Ltd. announces the resignation of Mr. Ming Jiao from the Board of Directors. Tillkännagivande • Sep 10
Bard Ventures Ltd. Announces CEO Changes Bard Ventures Ltd. announced the appointment of Mr. George Drazenovic as Chief Executive Officer of the Company in place of Mr. Eugene Beukman, who has resigned effective immediately. Mr. Drazenovic's experience will complement the Company's current and future stated business objectives. Mr. Drazenovic is an entrepreneur who has incubated start-up ventures in a variety of sectors, including alternative energy, pharmaceuticals, technology and natural resources. A Chief Financial Officer ("CFO"), director and consultant for several junior publicly-traded resource companies, he brings business development, planning and securities regulatory experience on the Canadian and US Exchanges. Early in his career, Mr. Drazenovic was employed at a utility responsible for evaluating, structuring and promoting wind, wave and battery technology opportunities, and lead a biopharmaceutical start-up as its first employee raising several million dollars for early stage trials. Mr. Drazenovic will begin work immediately and look to source gold exploration projects from his extensive network of geologists and execute work exploration programs where warranted. 