Gaia Metals Corp. Acquires the Freeman Creek Gold Property with Historical Drill Intercept of 1.5 g/t Au and 12.1 g/t Ag over 44.2 m, Idaho, USA

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[{"type":"text","content":"Gaia Metals Corp. Acquires the Freeman Creek Gold Property with Historical Drill Intercept of 1.5 g/t Au and 12.1 g/t Ag over 44.2 m, Idaho, USAVANCOUVER, BC / ACCESSWIRE / June 4, 2020 / Gaia Metals Corp. (the \"Company\") (TSXV:GMC)(OTCQB:RGDCF)(FSE:R9G) is pleased to announce that it has entered into an arm's-length, non-binding, letter of intent (the \"LOI\") with DG Resource Management Ltd (\"DGRM\"), whereby the Company may acquire a 100% undivided interest in the Freeman Creek Property (the \"Property\"). The Property consists of 76 claims covering approximately 599 hectares (1,481 acres) and is located on BLM lands, outside of US Forest Service Lands and other protective areas, within the state of Idaho, USA.The Freeman Creek Property is located approximately 15 km northwest of Salmon, Idaho, 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 located to the west, which is an interpreted high-sulphidation epithermal gold system related to a porphyry intrusive, and the historical Carmen Creek Mine Prospect, located approximately 3 km to the northeast (see Figures 1 and 2 below).Gold Dyke ProspectGold and silver mineralization at the Gold Dyke Prospect is hosted by Precambrian Lemhi Group sediments and has seen early development and sporadic exploration from about 1910 to 1986. The base and precious metal mineralization is associated with a gossan at surface and has been traced over 1500 feet (457 m) along strike and 600 feet (183 m) vertical.Historical exploration, circa 1910, included the completion of several open cut trenches and adits into the known mineralization. Sampling from these trenches returned 6.86 g/t Au and 199 g/t Ag over 7.0 m, 5.49 g/t Au and 130 g/t Ag over 5.8 m, and 19.9 g/t Au, 65 g/t Ag, and 1.05% Cu over 3.7 m. In addition, a grab sample collected from one of the open cuts assayed 60.0 g/t Au and 1,440 g/t Ag.During the 1970's and 1980's exploration included a limited number of drill holes along two north-south orientated fences, spaced less than 200 m apart. The mineralization remains open to the east of drill holes RDH 8 and RDH 10, both reverse circulation drill holes respectively, which are the eastern most holes completed to date at the Gold Dyke Prospect. A summary of historical drill results follo...

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