Gaia Metals Corp. Samples 10.9 g/t Au, 80.1 g/t Ag, and 0.72% Cu at Gold Dyke and 15.3 g/t Au, 41.0 g/t Ag, and 0.78% at Carmen Creek, Freeman Creek Property, Idaho, USA
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Gaia Metals Corp. Samples 10.9 g/t Au, 80.1 g/t Ag, and 0.72% Cu at Gold Dyke and
15.3 g/t Au, 41.0 g/t Ag, and 0.78% at Carmen Creek, Freeman Creek Property, Idaho, USA
Vancouver, September 10th, 2020 – Gaia Metals Corp. (the “Company”) (TSX.V: GMC) (OTCQB: RGDCF)
(FSE: R9G) is pleased to announce the first batch of analytical results for samples collected during the
recently completed Phase I s urface program at the Company’s wholly owned Freeman Creek Gold
Property in Idaho, USA. The Property is located approximately 15 km northeast of Salmon , ID, and hosts
excellent access via paved highway and a network of gravel roads and trails.
The initial batch of rock sample assays has been received from the Company’s inaugural exploration of
the Property and confirm s significant gold-silver (+/- copper-lead-zinc) mineralisation at both the Gold
Dyke and Carmen Creek prospects. Highlights include:
• Strong gold, silver, and copper mineralization at the Gold Dyke Prospect including:
o 10.9 g/t Au, 80.1 g/t Ag, 0.72% Cu, 1.97% Pb, and 7.90% Zn in talus
o 4.32 g/t Au and 292 g/t Ag in outcrop
• Strong gold, silver, and copper mineralization at the Carmen Creek Prospect including:
o 15.3 g/t Au, 41.0 g/t Ag, and 0.78% Cu in outcrop
o 4.98 g/t Au, 148 g/t Ag, and 32.0% Cu in talus
• Mineralized strike length at Carmen Creek of at least 350 m has been delineated based on first
batch of sample assays . Analysis pending for approximately an additional 500+ m of sampled
strike length
• Discovery of parallel trending structure to main Carmen Creek Zone with similar rock types and
mineralogy – assays pending
The Phase I progra m at Freeman Creek was completed by Dahrouge Geological Consulting USA Ltd. of
Centennial, Colorado, over fourteen (14) days in August and consisted of property-wide prospecting and
rock sampling to verify historical surface data , soil sampling , and a ground magnetic survey (see news
released dated August 31st, 2020). To date, assays have been received for 42 of 224 surface rock samples
collected throughout the Property. Assay highlights from this first batch of 42 samples are presented in
Table 1.
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Table 1: Select Rock Sample Assays from First Batch of Samples Analyzed at Freeman Creek
Sample
ID Area Source
Au
g/t
Ag
g/t
Cu
%
Pb
%
Zn
%
147012 Gold Dyke Talus 10.9 80.1 0.72 1.97 7.90
147022 Gold Dyke Outcrop 4.32 292 0.03 0.28 0.03
147009 Gold Dyke Outcrop 1.58 17.6 0.15 0.27 0.45
147010 Gold Dyke Outcrop 1.07 19.5 0.01 0.64 0.04
147011 Gold Dyke Talus 0.96 13.9 0.15 0.60 0.65
147028 Gold Dyke Outcrop 0.66 48.9 0.01 0.18 0.04
147058 Carmen Creek Outcrop 15.3 41.0 0.78 0.00 0.00
147055 Carmen Creek Outcrop 11.8 36.9 0.76 0.01 0.00
147054 Carmen Creek Talus 5.57 35.4 0.78 0.00 0.00
147128 Carmen Creek Talus 4.98 148 32.0 0.01 0.00
147096 Carmen Creek Outcrop 4.74 40.9 0.65 0.00 0.00
147043 Carmen Creek Talus 3.96 28.2 0.72 0.00 0.00
Gold Dyke Prospect
Assays results for 20, out of approximately 140, samples collected throughout the Gold Dyke area, have
been received. The samples analyzed confirm the potential of the prospect with assays including 10.9 g/t
Au, 80.1 g/t Ag, 0.72% Cu, 1.97% Pb, and 7.90% Zn in talus (angular, proximal to source) and 4.32 g/t Au
and 292 g/t Ag in outcrop (Photo 1, 2). These samples were collected from an area within 200 m of the
main road crossing through the Property and are therefore easily accessible for further exploration and
drill testing (Figure 1). Mineralization at Gold Dyke is hosted by strongly silicified meta-sediments with
quartz veining and minor sulphides (pyrite, chalcopyrite).
The Gold Dyke Prospect is the most advanced prospect on the Property, having been the subject of some
initial drill testing in the past , with encouraging results. This includes two mineralized intercepts , from
rotary drilling completed in the 1980s by St. Joe American Corp. , that remain to be followed -up on :
1.5 g/t Au and 12.1 g/t Ag over 44.2 m (RDH -8) and 1.7 g/t Au and 17.1 g/t Ag over 21.3 m (RDH -10).
The mineralization in drill hole starts from surface and extends to at least 50 m depth and remains to be
followed-up with additional drilling. Based on topographical relief, the mineralization at Gold Dyke has
been traced over a vertical extent of at least 1 05 m (350 ft), suggesting additional depth potential, thus
also demonstrating potential for large tonnage to be present.
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Carmen Creek Prospect
The 2020 surface exploration at Carmen Creek successfully verified historical data with rock assays
including 15.3 g/t Au, 41.0 g/t Ag, and 0.78% Cu in outcrop (sample 147058) and 4.98 g/t Au, 148 g/t Ag,
and 32.0% Cu in talus (angular, proximal to source). Sample 147058 was collected atop a large cl iff face
(Photo 3, 4), proximal to the site of a historical mill that operated circa 1910 at the prospect.
The recent sampling has outlined a more significant length of mineralization than previously known.
Historical exploration from this area (circa 1910s) is poorly do cumented with the 2020 prospecting
discovering past activity, including adits and blast pits/trenches, over a strike length of at least 900 m and
remains open (Figure 2). Sample analysis has been received for approximately 350 m of this trend, with
analysis pending over the additional strike length. The mineralization at Carmen Creek is characterized by
chlorite 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 with vein stockworks extending out 5 to 10 m into the adjacent host rock.
Further, the 2020 prospecting has discovered a sub-parallel zone/structure approximately 80 m northeast
of the main zone that has not been historically documented to the Company’s knowledge. The structure
is characterized by a 1-2 m wide quartz vein with common magnetite, malachite, and local chlorite. The
zone was traced and sampled by the field crew for at least 400 m and a potential extension encountered
in outcrop a further 600+ m along strike during magnetic surveying. The discovery of a second potentially
mineralized structure at Carmen Creek is signi ficant and highlights potential for additional mineralized
structures to be present in the area. A significant portion of the Carmen Creek area remains to be
prospected. Collectively, the Carmen Creek core area of interest exceeds 1 km in strike length, with high-
grade gold-silver-copper mineralization traced over a strike length of approximately 350 m, with assays
pending on sampling for another 500+ metres along strike.
Drill Permitting
The Company expects to receive drill permits for the Gold Dyke Prospect within the next two weeks and
intends to immediately carry -out a 5 -6-hole (~1,000 m) diamond drill program to collect drill core for
assay. The drill testing will twin the historical rotary drill holes RDH 8 and 10, and as well as other targets
in the area developed from the recent surface exploration.
The Carmen Creek Prospect has never been drill tested and therefore its extent at depth is not known.
However, based on topographical relief, the mineralization at Carmen Creek has been traced over a
vertical extent of at least 230 m (750 ft), suggesting the zone has strong depth potential . With initial
results from the Phase I surface program successful in locating and assessing the orientation of the
primary mineralized zone, the Company is actively permitting an initial phase of drill holes . In addition,
the Company is planning to initiate a follow-up surface program before snowfall, to run i n parallel with
the pending drill program at Gold Dyke, which will focus on further surface delineation of the known
zone(s) as well as discovery of additional parallel zones.
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Figure 1: Gold Dyke Prospect
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Photo 1: Vuggy, silicified meta-sediment outcrop; 4.3 g/t Au and 292 g/t Ag (Sample 147022) – Gold Dyke Prospect
Photo 2: 10.9 g/t Au, 80.1 g/t Ag, 0.72% Cu, 1.97% Pb, and 7.90% Zn (sample 147012) – Gold Dyke Prospect
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Figure 2: Carmen Creek Prospect
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Photo 3: Western end of sampling of the Carmen Creek Prospect (looking east-southeast). Near base of ridge, rock
assay of 3.96 g/t Au, 28.2 g/t Ag, and 0.72% Cu (sample 147043); at top of ridge, rock sample assays of 15.3 g/t Au,
41.0 g/t Ag, and 0.78% Cu (sample 147058), and 11.8 g/t Au, 36.9 g/t Ag, and 0.75% Cu (sample 147055)
Photo 4: Outcrop sample assaying 15.3 g/t Au, 41.0 g/t Ag, and 0.78% Cu (sample 147058) – Carmen Creek Prospect
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QAQC
All rock samples collected (grab), as well as quartz blanks and certified reference materials, were shipped
by ground to Activation Laboratories Ltd. in Kamloops, BC for multi-element analysis (including Ag) by
aqua regia digestion with ICP-OES finish (code 1E3) and Au analysis by fire assay with AA finish (package
1A2B-50). Over limits for Au, Ag, Cu, Pb, and Zn were determined by the relevant analytical package.
Management cautions that prospecting surface rock sample assays, as presented herein, are selective by
nature and represent a point location, and therefore may not necessarily be fully representative of the
mineralized horizon sampled.
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 Prospec t 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,