Gaia Metals Completes 3-day Follow-up Field Program at the Carmen Creek Prospect, Freeman Creek Gold Property, Idaho, USA
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Gaia Metals Completes 3-day Follow-up Field Program at the Carmen Creek Prospect,
Freeman Creek Gold Property, Idaho, USA
Vancouver, BC, Canada, November 10 th, 2020 – Gaia Metals Corp. (the “Company”) (TSX.V: GMC)
(OTCQB: RGDCF) (FSE: R9G) is pleased to announce that is has completed a 3-day follow-up prospecting
and rock sampling program at the Carmen Creek Prospect, located on the Freeman Creek Gold Property
(the “Property”). The Property is located approximately 15 km northeast of Salmon , Idaho, and hosts
excellent access via paved highway and a network of gravel roads and trails.
The objective of the 3-day program was to follow-up and expand upon the high-grade rock samples
collected along the Carmen Creek Trend during the recently completed August 2020 surface exploration
program on the Property; specifically, the Gallifrey Showing (2.02 g/t Au, 31.8 g/t Ag, and 0.76% Cu ), the
Tardis Showing (25.5 g/t Au, 159 g/t Ag, and 9.75% Cu), and the Daleks Showing (2.00 g/t Au, 269 g/t Ag,
and 11.4% Cu) (see news releases dated September 10th and October 13th, 2020). See Figure 1 below.
A total of 48 rock samples were collected over the northwest and southeastern areas of the Carmen Creek
Trend. All samples have been received by the lab and geochemical analysis is pending. Several new areas
hosting favourable mineralogy were discovered and sampled (Figures 2 and 3). Collectively, based on field
observations and sample mineralogies, the Company is very encouraged and eag erly awaits results of
sample analysis.
Mineralization along the Carmen Creek Trend is marked by numerous samples that range in grade from
2.0 to 25.5 g/t Au, 10 to 269 g/t Ag, and 0.1 3 to 32% Cu. The mineralization is characterized by c hlorite
mica-schists with quartz veining, magnetite, and common malachite and sulphides (bornite, chalcopyrite,
pyrite). Initial field prospecting outlines a central mineralized zone (oriented ~135°/65°) of at least 1-2 m
width, with vein stockworks extending 5 to 10 m into the adjacent host rock, which forms part of a larger
mineralized corridor at least 1.2 km long by 200 m wide. The trend remains underexplored and has only
been evaluated at a reconnaissance scale by the Company.
Drill Permitting
The Company has started the permitting process for an inaugural diamond drill program at Carmen Creek
and is actively assessing drill hole locations and access. The Carmen Creek Prospect has never been drill
tested and its depth extent is not known. The potential of this prospect has been enhanced considerably
following the completion of the 2020 surface exploration.
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Figure 1: Carmen Creek Prospect
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Figure 2: Malachite staining in outcrop (sample 147958)
Figure 3: Malachite staining in talus (sample 147957)
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NI 43-101 Disclosure
Darren L. Smith, M.Sc., P. Geo., Vice President of Exploration for the Company and Qualified Person as
defined by National Instrument 43 -101, supervised the preparation of the technical information in this
news release.
About Gaia Metals Corp.
Gaia Metals Corp. is a mineral exploration company focused on the acquisition and develop ment of
mineral projects containing base and precious metals, including platinum group elements, and lithium.
The Company’s flagship asset is the Freeman Creek Gold Property, located in Idaho, USA. The Property
hosts two major advanced targets; the Gold Dyke Prospect, with an historical drill intercept of 1.5 g/t Au
and 12.1 g/t Ag over 44.2 m (RDH 8), and the Carmen Creek Mine Prospect, with an historical outcrop
sample assay of 14.15 g/t Au, 63 g/t Ag, and 1.2% Cu.
Additional assets include the wholly owned Corvette Property, and the FCI Property (held under Option
from O3 Mining Inc.) located in the James Bay Region of Quebec. The properties are contiguous and host
significant gold -silver-copper-PGE-lithium potential highlighted by the Golden Gap Prospect with grab
samples of 3.1 to 108.9 g/t Au from outcrop and 10.5 g/t Au over 7 m in drill hole, the Elsass and Lorraine
prospects with 8.15% Cu, 1.33 g/t Au, and 171 g/t Ag in outcrop, and the CV1 Pegm atite Prospect with
2.28% Li2O over 6 m in channel.
In addition, the Company holds the Pontax Lithium-Gold Property, QC; the Golden Silica Property, BC; and
the Hidden Lake Lithium Property, NWT, where the Company maintains a 40% interest, as well as several
other assets in Canada.
For further information, please contact Adrian Lamoureux, President & CEO at Tel: 778-945-2950, E-mail:
[email protected] or visit www.gaiametalscorp.com.
On Behalf of the Board of Directors,
“ADRIAN LAMOUREUX”
Adrian Lamoureux, President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news
release.
Forward Looking Statements:
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Statements included in this announcement, including statements concerning our plans, intentions and
expectations, which are not historical in nature are intended to be, and are hereby identified as, “forward-
looking statements”. Forward- looking statements may be identified by words i ncluding “anticipates”,
“believes”, “intends”, “estimates”, “expects” and similar expressions. The Company cautions readers that
forward-looking statements, including without limitation those relating to the Company’s future
operations and business prospec ts, are subject to certain risks and uncertainties that could cause actual
results to differ materially from those indicated in the forward-looking statements.