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Gaia Metals mobilizes field crews to the Freeman Creek Gold Property in Idaho

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The company recently signed an option to acquire a 100% undivided interest in the Freeman Creek Property, which consists of 76 claims covering approximately 599 hectares or 1,481 acres. The property, approximately 15 kilometers northeast of Salmon, Idaho, is located on BLM lands, outside of US Forest Service Lands and other protective areas and is accessible via paved highway and a network of gravel roads and trails.

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Additional Information:

Company: Gaia Metals Corp.
Website: http://www.GaiaMetalsCorp.com
Stock Symbol: TSXV: GMC
Date Published: Aug 12, 2020
Transcript: Available

Video Transcript:

I’m Cassandra Bolinski for Investmentpitch Media

Gaia Metals Corp. has mobilized field crews to its Freeman Creek Property to carry-out a Phase I surface exploration program that will lay the foundation for the subsequent Phase II drill program.

The company recently signed an option to acquire a 100% undivided interest in the Freeman Creek Property, which consists of 76 claims covering approximately 599 hectares or 1,481 acres.

The property, approximately 15 kilometers northeast of Salmon, Idaho, is located on BLM lands, outside of US Forest Service Lands and other protective areas and is accessible via paved highway and a network of gravel roads and trails.

The property hosts two major advanced targets; the Gold Dyke Prospect and the Carmen Creek Mine Prospect, with an historical outcrop sample assay of 14.15 grams per tonne gold, 63 grams per tonne silver, and 1.2% copper.

Both prospect areas have seen sporadic exploration since the early 1900s, which includes high-grade gold-silver samples of various outcrop and open-cuts as well as the completion of several adits.

In the 1980s, several exploratory reverse circulation drill holes were completed at the Gold Dyke Prospect with many encountering near surface zones of anomalous gold mineralization, highlighted by historical drill intercepts of 1.5 grams per tonne gold and 12.1 grams per tonne silver over 44.2 meters from RDH-8 and 1.7 grams per tonne gold and 17.1 grams per tonne silver over 21.3 meters from RDH-10.

Strong grades of copper, lead and zinc have also been reported, although were inconsistently assayed for.

The Gold Dyke Prospect, as the most advanced target on the Property, will be the focus of the initial drill program, which is anticipated to include twinning of the best historical drill intersections as well as drill testing of high-grade open-cut locations at depth.

The primary objective of the drill program is to verify the historical drill results and gain additional understanding of the geology and orientation of the mineralized horizon(s), effectively setting the stage for a more expansive drill campaign anticipated to occur this fall.

Initially the company is permitting a total of 18 drill pad locations in support of an initial 1,000 meter drill program of 5 or 6 holes.

Adrian Lamoureux, President and CEO, stated: “Now that we have executed the definitive Agreement for 100% ownership of the Freeman Creek Gold Property, we are immediately moving forward with an aggressive 2020 exploration campaign including drilling. Verification and expanding upon the historical results are the first steps toward unlocking the potential of this asset for our shareholders. With gold achieving historic highs, our timing couldn't be better.”

Additional assets include the wholly owned Corvette Property, and the FCI Property, 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 grams per tonne gold from outcrop and 10.5 grams per tonne gold over 7 meters in drill hole, the Elsass and Lorraine prospects with 8.15% copper, 1.33 grams per tonne gold, and 171 grams per tonne silver in outcrop, and the CV1 Pegmatite Prospect with 2.28% lithium oxide over 6 meters 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.

The company recently closed an over-subscribed, non-brokered private placement financing, raising gross proceeds of $603,000.

The shares are currently trading at $0.145.

For more information, please visit the company’s website at www.GaiaMetalsCorp.com, contact Adrian Lamoureux, President & CEO, at 778-945-2950 or by email at adrian@GaiaMetalsCorp.com.

I’m Cassandra Bolinski for Investmentpitch Media