Business
GOLD MINE SAMPLING TO BEGIN BY GAIA
GOLD MINE SAMPLING TO BEGIN BY GAIA.
About this update from Ecrid, Inc.
[{"type":"text","content":"News Release 2007 JAN 17, Las Vegas, Nevada\r\n\r\nGOLD MINE SAMPLING TO BEGIN BY GAIA. GAIA RESOURCES, INC., a Nevada based resource company is an early development stage mining company traded on OTC Pinksheets. GAIA is focusing on the exploration and production of precious metals and is currently establishing an Arizona entity as the final step to 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 Pearce just east of the Dragoon Range. Following acquisition, GAIA will begin an aggressive drilling and bulk sampling program on the targeted property. The program is slated to commence in early spring of this year. \r\n\r\nGAIA has established a working relationship with Thunder Gulch Resources Ltd. (TGR) that has options on several other sections in the immediate area and that show high potential for development and GAIA has signed Letters of Intent for potential acquisition of all these properties. Depending on further trend studies GAIS will be able to determine if acquisition of these surrounding properties is beneficial to the shareholders of GAIA. An accelerated period of exploration and development is also included in the program. Exploration will focus primarily on gold and silver. Beneficially the targeted 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 Lett...