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On September 10, 2020, Gaia Metals Corp. (OTCQB: RGDCF) announced significant findings from its Phase I surface exploration at the Freeman Creek Gold Property in Idaho. The results reveal promising gold-silver-copper mineralization at the Gold Dyke and Carmen Creek prospects, with key highlights including 10.9 g/t Au and 80.1 g/t Ag at Gold Dyke, and 15.3 g/t Au and 41.0 g/t Ag at Carmen Creek. The company plans to initiate a 5-6 hole drill program at Gold Dyke and further exploration at Carmen Creek, with potential for extended mineralization over 1 km. Assays for over 500+ m are still pending.
Gaia Metals Corp. (OTCQB: RGDCF) has expanded its Freeman Creek Property by over 40% with the addition of 30 new claims, totaling approximately 263 ha. This brings the total claims to 106, covering around 862 ha. The expansion follows a Phase I exploration program that identified potentially mineralized areas. Historical mining sites were also located, prompting further exploration. The company awaits assay results and is planning a Phase II drill program.
Gaia Metals Corp. (OTCQB:RGDCF) has successfully completed its Phase I surface program at the Freeman Creek Gold Property in Idaho. This program involved collecting 222 rock samples and conducting soil sampling over a targeted area. Historical drill results indicate significant mineralization, with notable intercepts of 1.5 g/t Au and 12.1 g/t Ag over 44.2 m. The company anticipates assay results to drive its Phase II drill program planned for fall 2020. The company also retained Brewer Exploration Inc. for drill permitting.
Gaia Metals Corp. has successfully closed a non-brokered private placement financing, raising $360,000 with a lead order from Palisades Goldcorp Ltd.. The financing involved the issuance of 3,000,000 Units at $0.12 each, where each Unit consists of one common share and one share purchase warrant, valid for three years at $0.18. Proceeds will advance mineral projects and provide working capital. The financing is pending final approval from the TSX Venture Exchange, with issued securities under a hold period until December 27, 2020.
