Gaia Metals Corp. (TSX-V: GMC , OTCQB: RGDCF , FWB: R9G ) (the 'Company') is pleased to announce that field crews have been mobilized on the Freeman Creek Property (the 'Property') to conduct a Phase 1 surface exploration program which will form the basis for the subsequent Phase 2 drilling program.
The property is located approximately 15 kilometers northeast of Salmon, Idaho, and is accessible via a paved highway and a network of gravel roads and tracks.
The Phase 1 surface program will include the following components:
Verification of historical drill collar, tunnel and open pit locations
Exploration and rock sampling throughout the property
Magnetic soil surveys throughout the property
Soil sampling grid spanning the Gold Dyke prospect
The property hosts two significant advanced prospects: the Gold Dyke prospect, where a historic drill intersection intersected 1.5 g / t Au and 12.1 g / t Ag over 44.2 m (RDH 8) , and the Carmen Creek Mine prospect in which a historical sample of 14.15 g / t Au, 63 g / t Ag and 1.2% Cudelivered. Sporadic exploration has been conducted in both prospectuses since the early 20th century, including high-grade gold-silver samples from various outcrops and open cuts, as well as the construction of multiple adits. Multiple RC exploration holes were drilled on the Gold Dyke prospect in the 1980s, with numerous near-surface zones of anomalous gold mineralization, as evidenced by intercepts in holes RDH 8 (above) and RDH 10 (1.7 grams gold and 17, 1 gram of silver per ton at 21.3 meters) . High levels of copper, lead and zinc were also reported, but these were not consistently analyzed.
The objective of the Phase 1 program is to verify these historic (i.e. pre-GPS era) drill collar, adit and open pit locations and to expand the surface mineralization documented as early as 1904. The soil sampling and magnetic surveys will further aid geological interpretation and the intercepts in the target areas. The dataset from the Phase 1 surface exploration will direct the Phase 2 drill program expected this fall. With the surface program now underway, the Company is also actively planning the Phase 2 drill program in this regard. The property is entirely on BLM land, outside of US Forest Service land and other protected areas. Therefore, the approval process is relatively simple and efficient compared to other land dedications, where the process can be much more complex. The Company is optionally approving a total of 18 well pad locations to support an initial 1,000 meter drill program (five or six holes). These slab locations could be further modified based on the results of the currently running surface program.
The Gold Dyke prospect, as the most advanced target on the property, will be the focus of the first drill program which is expected to twin the best historical drill intercepts (cores and intersections from historical holes RDH 8 and RDH 10) and test drilling at high grade open pit locations at depth will include. The primary objective of the drill program is to verify the historical drill results and to gain an additional understanding of the geology and orientation of the mineralized horizons in order to qualify for a more comprehensive drill program.
Adrian Lamoureux, President , CEO and Director of Gaia Metals Corp., said, 'Now that we have signed the definitive agreement for 100 percent ownership of the Freeman Creek gold property, we are proceeding immediately with an intensive 2020 exploration program, including drilling . The verification and expansion of the historical results are the first steps towards unlocking the potential of this asset for our shareholders. With the gold price hitting historic highs, our timing couldn't be better. '
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's flagship asset is the Freeman Creek gold property in Idaho, USA. The property hosts two major advanced targets: the Gold Dyke prospect, which has a historic drill intersection of 1.5 grams of gold and 12.1 grams of silver per tonne over 44.2 meters (RDH 8), and the Carmen Creek mine prospect, which has a historic 14th sample , 15 grams of gold per ton, 63 grams of silver per ton and 1.2 percent copper.
Additional assets of the Company include the wholly owned Corvette Property and the FCI Property (which is an option from O3 Mining Inc.), located in the James Bay area of Quebec. The properties are contiguous and have significant gold-silver-copper-PGE-lithium potential, particularly in the Golden Gap prospect with grab samples ranging from 3.1 to 108.9 grams of gold per ton from the outcrop and 10.5 grams of gold per ton seven meters in the borehole, in the Alsace and Lorraine prospects with 8.15 percent copper, 1.33 grams of gold per ton and 171 grams of silver per ton in the outcrop, and in the CV1 pegmatite prospect with 2.28 percent lithium oxide over six meters in channel samples .
The Company also owns the Pontax (QC) lithium gold property, the Golden Silica property, British Columbia, and the Hidden Lake lithium property (Northwest Territories), in which the Company owns a 40 percent interest, and several other assets in Canada.
Contact:
Tel: +1 778 945-2950
Forward-looking statements
The statements contained in this release, which include statements about our plans, intentions and expectations that are not exclusively historical in nature, constitute 'forward-looking statements'. Forward-looking statements can be identified using terms such as 'forecast', 'believes', 'intends', 'estimates', 'expects' and similar expressions. The company cautions readers that forward-looking statements, including those relating to the company's future operations and business projections, are subject to certain risks and uncertainties that could cause actual results to differ materially that are described in the forward-looking statements.
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GAIA METALS CORP. 
