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Gaia Metals has released the second batch of sample results from the initial surface exploration program at its wholly owned Freeman Creek gold project in Idaho. According to the release, the latest assays “confirm prospective target areas at both Gold Dyke and Carmen Creek that are much larger than previously recognized.”
Sample highlights from the Gold Dyke target include 1.89 g/t gold and 0.6 g/t silver. This target area features an 800 by 700-metre gold-in-soil geochemical anomaly, with additional potential to the east and south. In addition, a sample from the eastern part of the Gold Dyke target returned 2.06 grams gold, 23.1 grams silver and 0.56% copper.
At Carmen Creek, there are multiple parallel veins with high precious metals values over 1.2 km of strike. New sample assays include 25.5 g/t gold, 159 g/t silver and 9.75% copper; and 7.08 g/t gold, 59.5 g/t silver and 1.53% copper from its eastern limit. The western part of the trend returned a sample assaying 2.02 g/t gold, 31.8 g/t silver and 0.76% copper.
This year’s prospecting program at Carmen Creek has defined a trend that remains open, with potential for a ‘stacked’ system of veins, which could potentially merge into a larger system at depth.
“Our phase I surface exploration has exceeded our expectations. At both, Gold Dyke and Carmen Creek, we have greatly expanded the areas of significant previous metal mineralization,” Adrian Lamoureux, Gaia Metals’ president, CEO and director, said in a release. “Several new showings highlight the considerable potential for further discovery on the property. We intend to aggressively advance the exploration at both Gold Dyke and Carmen Creek through the drill bit and continued surface work, to build value for our shareholders through discovery.”
Follow-up diamond drilling is planned for later this year.
The 6-sq.-km Freeman Creek property is 15 km northeast of Salmon, in Lemhi County. The area has a longstanding history of mining and exploration, with a high-sulphidation mineral deposit exploration target at Freeman Creek.
(This article first appeared in the Canadian Mining Journal)
