Samples were collected during construction of drill site access trails for the Company's recently completed maiden drill program.
The discovery was made during construction of drill site access, exposing mineralized outcrop. A total of 33 surface rock samples were collected, with a peak value of 5.7 g/t Au and 49 g/t Ag and a total of 17 returning >0.1 g/t Au from an oxidized and quartz veined silicified metasediment located north and east of the recently completed drilling. The orientation and extent of the mineralization is not known.
The discovery is significant as it highlights a new area of interest not previously recognized. The outcrop is located approximately 50 m east of the documented historical drilling and more than 100 m from the nearest 2020 drill hole. This northeastern area of the Gold Dyke Prospect has seen relatively little exploration attention when compared to the areas to the west and south. Follow-up surface exploration of the discovery is planned for the spring/summer of 2021.
President &
The Company recently completed a reconnaissance maiden drill program at the Gold Dyke Prospect consisting of four (4) diamond drill holes, totalling of 457 m. Drill core sample analysis was delayed due to COVID-19 and the Christmas holiday period; however, the Company anticipates all results to be received and announced shortly.
Collectively, the 2020 surface sampling at Gold Dyke has outlined a prospective area considerably larger than previously recognized and includes numerous sample assays ranging from 0.5 to 10.9 g/t Au and 1 to 292 g/t Ag (+/- Cu). Mineralization at Gold Dyke is hosted by strongly silicified meta-sediments with common vugs, quartz veining, and minor sulphides (pyrite, chalcopyrite). The Gold Dyke area may be directly accessed by secondary gravel roads and is located on BLM lands outside of US Forest Service Lands and other protective areas.
QA/QC Analytical Procedures
All rock samples collected (grab), as well as quartz blanks and certified reference materials, were shipped by ground to
Management cautions that surface rock sample assays, as presented herein, are selective by nature and represent a point location, and therefore may not necessarily be fully representative of the mineralized horizon sampled.
About
The Company's flagship asset is the Freeman Creek Gold Property, located in
Additional assets include the wholly owned Corvette Property, and the FCI Property (held under Option from
In addition, the Company holds the Pontax Lithium-Gold Property, QC; the Golden Silica Property, BC and the Hidden Lake Lithium Property, NWT, where the Company maintains a 40% interest, as well as several other assets in
Contact:
Tel: 778-945-2950
Email: adrian@gaiametalscorp.com
Forward Looking Statements
Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, 'forward-looking statements'. Forward-looking statements may be identified by words including 'anticipates', 'believes', 'intends', 'estimates', 'expects' and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.
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