Revving Up the Drills in USA & Canada

Mike Fagan

by Mike Fagan
 

Gaia Metals (TSX-V: GMC)(OTC: RGDCF) — currently trading right around C$0.10 per share — has successfully amended its option agreement with O3 Mining Inc. allowing Gaia to maintain its option to acquire up to a 75% interest in the Corvette-FCI project in Quebec, Canada, where it is actively targeting gold-copper-silver-lithium mineralization.

The Gaia team is currently refining drill targets for its upcoming program at Corvette-FCI where the company is focused on two primary target areas — the Golden Gap Prospect and the Maven Copper-Gold-Silver Exploration Trend — plus an underexplored 25 km lithium trend where high-grade spodumene-pegmatite has been discovered.

Gaia Metals president, Blair Way, commented via press release:
 

“We are happy to have secured an amendment to this Agreement with O3 Mining in light of the global pandemic and look forward to advancing this high-quality asset that has demonstrated considerable potential for gold, silver, copper, and lithium. Gaia Metals is positioned strongly to benefit from the global recovery efforts that will be focused on green technologies, which will result in an insatiable demand for those commodities we are focused on at both FCI and Freeman Creek.”


Gaia represents a true early-exploration-stage opportunity with plenty of catalysts going forward — most notably, drill-testing in underexplored areas of the Corvette-FCI project.

The Golden Gap Trend has returned historic high-grade gold values including 10.5 grams per tonne over 7 meters; the 8 km Maven Trend has returned numerous high-grade copper-gold-silver surface samples; and the 25 km Lithium-Tantalum Trend represents a prospective lithium exploration corridor across the entirety of the 14,000-acre Corvette-FCI property.

Additionally, the company is advancing its 2,100-acre Freeman Creek gold-silver-copper project in Lemhi County, Idaho, which hosts two major mineral prospects; the Gold Dyke Prospect and the Carmen Creek Prospect.

Last month, Gaia reported initial results from its maiden drill program at the Gold Dyke target area, which returned a highlight intercept of 4.11 grams per tonne (g/t) gold and 33.0 g/t silver over 12 meters.

Hence, speculators can prepare for what should be an exciting 2021 field season as the Gaia team develops geological models and delineates targets for its upcoming drill programs at both Freeman Creek and Corvette-FCI.  

Our own Gerardo Del Real of Junior Resource Monthly and Junior Resource Trader sat down with Gaia Metals VP of Exploration, Darren Smith, to discuss all things Gaia. Tune in here to listen in (transcript is also available).

You can also click here to learn more about Gaia Metals.

Yours in profits,

Mike Fagan

Mike Fagan
Editor, Resource Stock Digest
 


Mike Fagan has mining in his blood. As a teenager he staked countless gold and silver properties in Nevada alongside his dad, Brian Fagan, who created the Prospect Generator model that’s still widely used today in the resource space. One of those staking projects was put into production by a major Canadian mining company — a truly rare and profitable experience. That background uniquely qualifies him as a mining stock speculator. One of the most well-known names in the business, Mike is now putting that experience to use for the benefit of Resource Stock Digest and Hard Asset Digest readers.