Gaia Metals Completes Drill Program at the Gold Dyke Prospect, Freeman Creek Gold Property, Idaho, USA
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Gaia Metals Completes Drill Program at the Gold Dyke Prospect,
Freeman Creek Gold Property, Idaho, USA
Vancouver, BC, Canada, November 12, 2020 – Gaia Metals Corp. (the “Company”) (TSX.V: GMC) (OTCQB:
RGDCF) (FSE: R9G) is pleased to announce that it has now completed its maiden diamond drill program at
the Company’s 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 recently completed drill program consisted of four (4) diamond drill holes of HQ size, totalling of 457
m. The program focused on the Gold Dyke Prospect (“Gold Dyke”) and included a drill hole twin (FC20-
003) of the historical drill hole RDH-8, which returned 1.5 g/t Au and 12.1 g/t Ag over 44.2 m. Each 2020
drill hole intersected near-surface zones of variably altered metasediments, with common to abundant
quartz veining, silicification, sulphides, and brecciated/vuggy textures. The zone remains open in all
directions and has been tested over a strike length of approximately 250 m. The drill core is being logged
and sampled on site in Salmon, Idaho, and samples will be shipped to the laboratory in the next week.
The Company will advise as assay results are received.
The Company is also pleased to note that the construction of road access to drill pads has resulted in a
significant amount of new outcrop exposure. A total of 33 rock samples were collected along the access
route and have been sent for analysis. A large portion of the exposed outcrop is silicified and variably
vuggy metasediments hosting abundant quartz and iron oxide veining, along with common sulphides, and
is very similar to the zone encountered in drill hole.
Collectively, the 2020 surface sampling at Gold Dyke has outlined a prospective area considerably larger
than previously recognized and includes numerous sample assays ranging from 0.5 to 10.9 g/t Au and 1
to 292 g/t Ag (+/- Cu). Mineralization at Gold Dyke is hosted by strongly silicified meta-sediments with
common vugs, quartz veining, and minor sulphides (pyrite, chalcopyrite). The Gold Dyke area may be
directly accessed by secondary gravel roads and is located on BLM lands outside of US Forest Service Lands
and other protective areas.
Once the sample assay results have been received, the Company intends to prioritize the next series of
drill holes for aggressive follow-up at Gold Dyke. In addition, the permitting process for a maiden drill
program at Carmen Creek is ongoing. The Carmen Creek Prospect has never been drill tested and its depth
extent is not known; although, the potential has been enhanced considerably following the results of the
2020 surface exploration. Further, sample assay results for the 3-day follow-up prospecting program
completed at Carmen Creek in October remain pending (see news release dated November 10th, 2020).
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Figure 1: 2020 drill hole locations at the Gold Dyke Prospect
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Photo 1-2: Drill rig set-up at the Gold Dyke Prospect
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Photo 3-4: Drill-site access construction
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Qualified Person
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 Pegmatite 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
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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:
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 including “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 prospects, are subject to certain risks and
uncertainties that could cause actual results to differ materia lly from those indicated in the forward -looking
statements.