Business

Gaia Metals Corp. Highlights Platinum-Palladium Potential at the Corvette-FCI Property, Quebec

VANCOUVER, BC / ACCESSWIRE / February 4, 2020 / Gaia Metals Corp. (the "Company") (TSX...

articleGermanium Mining Corp.February 4, 20204/company/germanium-mining-corp/news/gaia-metals-corp-highlights-platinum-palladium-potential-at-the-corvette-fci-property-quebec
Gaia Metals Corp. Highlights Platinum-Palladium Potential at the Corvette-FCI Property, Quebec

About this update from Germanium Mining Corp.

[{"type":"text","content":"Gaia Metals Corp. Highlights Platinum-Palladium Potential at the Corvette-FCI Property, QuebecVANCOUVER, BC / ACCESSWIRE / February 4, 2020 / Gaia Metals Corp. (the \"Company\") (TSXV:GMC)(OTCQB:RGDCF)(FSE:R9G) highlights strong potential for platinum group element (PGE) mineralization as a result of ongoing compilation of historical data for the Company's Corvette-FCI Property (the \"Property\"), located in the James Bay Region of Quebec.The compilation included a more focused review of the Property geology and indicates a strong potential for Ni-Cu-PGE mineralization. A historical sample of outcrop assayed 3.10 g/t Au, 1.06 g/t Pd, 0.005 g/t Pt, 7.5 g/t Ag, 0.24% Cu, 0.19% Ni, and 411 g/t Co (Lac Long Sud Showing) (see Figure 1 below). This unit is located at the eastern end of the more than 10 km long Maven Trend where significant Cu-Au-Ag mineralization in outcrop was discovered during the Company's 2019 summer exploration program, including 8.15% Cu, 1.33 g/t Au, and 171 g/t Ag, and 3.63% Cu, 0.64 g/t Au, and 52.3 g/t Ag (see news release dated September 10th, 2019). The historical samples with PGE enrichment are interpreted to be associated with komatiite (ultramafic) bodies. The Company notes that only a small portion of historical and none of the 2019 samples were analyzed for PGEs; hence these seemingly isolated results necessitate further geochemical analysis in future exploration programs.The Corvette-FCI Property is situated within the Guyer Group (wacke, iron formation, komatiite, tuffs, amphibolite) of the La Grande Greenstone Belt, a geological setting that is prospective for numerous commodities over several different deposit types. Historically, exploration has focused on the orogenic gold potential, and more recently, on the copper-gold-silver potential over the more than 10 km long Maven Trend, as well as the numerous pegmatite-hosted lithium prospects.The Company is further evaluating the potential for PGEs across the Property, which will include submitting for PGE analysis, a subset of the samples collected in 2019. Several ultramafic units have been regionally mapped across the Property; however, have seen only limited exploration attention for PGEs. The Company intends to expand its 2020 summer program to include a more detailed surface evaluation of the ultramafic occurrences mapped on the Property for bo...

More updates from Germanium Mining Corp.