Gaia Metals to Complete IP-Resistivity Survey at the Freeman Creek Gold Property, Idaho, USA
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Gaia Metals to Complete IP-Resistivity Survey at the Freeman Creek
Gold Property, Idaho, USA
Vancouver, BC, Canada, March 10th, 2021 – Gaia Metals Corp. (the “Company”) (TSX.V: GMC) (OTCQB:
RGDCF) (FSE: R9G) is pleased to announce its plans to complete a 16-line km induced polarization and
resistivity (IP-Resistivity) geophysical survey this spring at the Company’s wholly owned Freeman Creek
Gold Property (the “Property”) . The Property is located 15 km northeast of Salm on, Idaho, and is road
accessible year-round.
The objective of the survey at the Carmen Creek Prospect is to locate any additional and yet to be
discovered parallel trending mineralised structures, as well as further trace them along strike. In addition,
the survey will probe to depths of approximately 120 m and allow for further discrimination of targets
along the strike of the structure(s). The data obtained will be integrated with the Company’s existing
datasets, and used to confirm and prioritize the initial drill hole plan for the Carmen Creek Prospect.
The objective of the survey at the Gold Dyke Prospect is to further define the trend of the mineralization,
and to prioritize and refine drill hole targets , to follow-up the successful 2020 drill pro gram, where gold
mineralization was encountered in each drill hole, highlighted by FC20 -003 which returned 4.11 g/t Au
and 33.0 g/t Ag over 12 m, within a wider interval of 1.12 g/t Au and 9.0 g/t Ag over 47.6 m (see news
release dated January 12th, 2021). The results of the 2020 drill program at the Gold Dyke Prospect indicate
that a wide-spread, low-grade gold mineralized envelope is present, which also contains a high -grade
component of unknown extent. The high-grade precious metal mineralization present in drill hole at the
Gold Dyke Prospect is indicated to be primarily associated with quartz veining rich in sulphide (pyrite,
galena, sphalerite), hosted within heavily altered metasediments.
President & Director Blair Way commented: “A fundamental key to success in mineral exploration is to
utilize the best -suited tools at one’s disposal to optimally qualify targets ahead of drilling. At Carmen
Creek, the IP survey should do exactly this and help us further focus in on the most prospective segment of
the structure(s) present. At Gold Dyke, the Company’s inaugural drill program confirmed the historical drill
hole intersections and has refined our exploration model and approach. The pending geophysical survey
at Gold Dyke should allow us to better understand the trend of the high-grade mineralization and further
prioritize drill targets ahead of follow-up drilling at the Prospect.”
The Company has engaged TMC Geophysics to carry-out the field survey, a leading geophysical services
provider to the mineral exploration industry with a head office in Canada, as well as satellite offices in the
United States and Mexico. The Company has also retained Dynamic Discovery Geoscience Ltd., an expert
geophysical group based in Ottawa, ON, to assist with survey design and interpretation.
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IP-resistivity is a ground geophysical survey well suited to detect near- surface disseminated sulphide
mineralization (IP anomalies), as well as areas of alteration and/or silicification (resistivity anomalies). This
geophysical tool is commonly used in gold and base metal exploration and is often effective at qualifying
drill targets initially developed from surface mapping and sampling.
The IP-resistivity survey will be completed over both , the Carmen Creek Prospect (~10 -line km) and the
Gold Dyke Prospect (~6-line km), with the primary objective to further prioritize targets for an inaugural
drill program at Carmen Creek , and to refine drill hole locations for follow-up drilling at Gold Dyke . The
surveys are expected to elucidate a chargeability response reflective of the sulphides present, which are
associated with gold and silver mineralization at both prospects. This association is strongest at Carmen
Creek, where sulphide content is greatest. Areas of silicification or alteration, associated with the precious
metal mineralization, may also elucidate a resistivity response. T he geophysical responses over the
currently defined mineralized zone s will be used as marker s to detect similar responses over the area,
which may represent additional, yet to be discovered zones of mineralization.
The sampling to date at Carmen Creek indicates the presence of multiple, closely spaced, parallel trending
mineralized structures/vein(s) over a mapped strike length of at least 1.2 km, spanning a corridor of 300+
m, and is open at both ends. The trend has no known historical records of drill testing , having only been
evaluated at a reconnaissance scale by the Company. The mineralization (oriented ~135°/65°) is
characterized by chlorite mica- schists with quartz veining, magnetite, and common malachite and
sulphides (bornite, chalcopyrite, pyrite). Field prospecting along the trend has returned numerous
samples that range in grade from 2.0 to 25.5 g/t Au, 10 to 269 g/t Ag, and 0.13 to 32% Cu.
The Company is fully permitted to carrying out a follow-up phase of drilling at the Gold Dyke Prospect in
2021, pursuant to its declared Notice of Intent on file with the Bureau of Land Management ( BLM).
Permitting for an inaugural drill program at the Carmen Creek Prospect is progressing to plan , and is
expected to be completed by late spring/early summer this year.
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 development of
mineral projects containing base and precious metals, including platinum group elements, and lithium.
The Company has two flagship asset s; the Freeman Creek Property, lo cated in Idaho, USA , and the
Corvette-FCI Property, located in the James Bay Region of Quebec, Canada.
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The Freeman Creek Property hosts two major advanced targets; the Gold Dyke Prospect with a 2020 drill
hole intersection of 4.11 g/t Au and 33.0 g/t Ag over 12 m, and the Carmen Creek Prospect with surface
sample results including 25.5 g/t Au, 159 g/t Ag, and 9.75% Cu.
The Corvette-FCI Property includes the wholly owned Corvette claim block, and the FCI East and West
claim blocks held under Option from O3 Mining Inc. The claim blocks 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, CEO & Director 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, CEO & Director
Neither the T SX 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 materially from those indicated in the forward-looking statements.