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.