Business
GAIA STAGED TO BEGIN GOLD SAMPLING
GAIA STAGED TO BEGIN GOLD SAMPLING.
About this update from Ecrid, Inc.
[{"type":"text","content":"News Release 2006Nov14\r\n\r\nGAIA STAGED TO BEGIN GOLD SAMPLING. GAIA RESOURCES, INC., a Nevada based resource company (www.Pinksheets.com: GIAS) is an early development stage mining company focusing on the exploration and production of precious metals. Several properties have been identified and are being acquired by Gaia Resources, Inc. GAIA Resources, Inc. (GIAS) is acquiring the rights to 482.66 acres of prime mining property claims in Cochise County, Arizona. This property known as the MFH Property is south of the famous Commonwealth Mine that is located in the Dragoon Range. GIAS has established a working relationship with Thunder Gulch Resources Ltd. (TGR) that has optioned several other sections in this area and that show high potential for development and GAIS has signed Letters of Intent for potential acquisition. More details will be released on these other sections as TGR makes them available. The section initially being acquired is a combination of gold and silver deposits. Beneficially the property has access to water and electricity that will hasten the time to set up operations. \r\n\r\nThere are recent discoveries and current operations in surrounding areas North, South, East, and West of this property. This is a prolific region, with projects situated in close proximity to numerous known deposits. The 482.66 acres is just north of the historical Courtland/Gleeson District, which is in Cochise County, AZ. The Commonwealth Mine just north of this section was active during 1895 thru 1942 and sporadically had operations during economical years until 1994. Workings include a shaft(s), which produced over 1,000,000 tons of ore. The Commonwealth Mine was said to be one of the richest mines ever found in Arizona in the early 1900's and produced over 15 million dollars in Gold at prices between the years of 1895-1942 ranging from just $20 /oz. prior to 1930 to a high on January 21, 1980 of $850. Most recently, General Minerals Corporation and BHP Billiton signed a Letter of Intent in early 2005 and completed a joint venture on Dragoon Copper Hill property in Arizona a copper and molybdenum rich area that is just to the West of GIAS. \r\n\r\nGIAS is finalizing acquisition documents and once filed, an aggressive drilling and bulk sampling program is slated to commence in early 2007. An accelerated period of exploration a...