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Gaia Metals Corp. Enters into Definitive Agreement to Acquire 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
VANCOUVER, BC / ACCESSWIRE / July 27, 2020 / Gaia Metals Corp. (the "Company") (TSXV: GM...
About this update from Germanium Mining Corp.
[{"type":"text","content":"Gaia Metals Corp. Enters into Definitive Agreement to Acquire 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 / July 27, 2020 / Gaia Metals Corp. (the \"Company\") (TSXV:GMC)(OTCQB:RGDCF)(FSE:R9G) is pleased to announce that, further to its news release dated June 4, 2020, the Company has executed a definitive agreement (the \"Agreement\") with arm's length vendors 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 northeast 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, with an historical drill intercept of 1.5 g/t Au and 12.1 g/t Ag over 44.2 m, and the Carmen Creek Mine Prospect, with an historical outcrop sample assay of 14.15 g/t Au, 63 g/t Ag, and 1.2% Cu (see Figures 1 and 2 below).Adrian Lamoureux, President, CEO, and Director of Gaia Metals Corp. comments, \"We are very pleased to have now executed this definitive Agreement for Freeman Creek. The project offers the Company an excellent opportunity in the gold space at a time when prices continue to advance towards all-time highs. The historical work has already highlighted the potential of the Property and the relatively straight-forward permitting process will allow us to aggressively explore and unlock the value of this opportunity for our shareholders\". Immediate exploration plans for the Property include a Phase I program of ground mapping and sampling of historical occurrences, confirmation of historical drill collar locations, prospecting, as well as potential soil sampling, and ground geophysics. The Phase I program is anticipated to be followed shortly thereafter by a drill program (Phase II). The objective of the work will be to verify and expand upon historical results.Transaction Under the terms of the Agreement, the Company may acquire a 100% interest in the Property by paying a total of $90,000, issuing an aggregate 4,000,000 c...