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Gold Mine Sampling to Begin by Gaia
TUESDAY, JANUARY 30, 2007 1:05 PM
- BusinessWire
GIAS
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LAS VEGAS, Jan 30, 2007 (BUSINESS WIRE) -- Gaia Resources, Inc., a Nevada-based resource company, is an early development stage mining company traded on OTC Pinksheets (GIAS). Gaia is focusing on the exploration and production of precious metals and is currently establishing an Arizona entity as the final step to acquiring the rights to 482.66 acres of prime mining property claims in Cochise County, Arizona. This property known as the MFH Property is south of the famous Commonwealth Mine that is located in Pearce just east of the Dragoon Range. Following acquisition, Gaia will begin an aggressive drilling and bulk sampling program on the targeted property. The program is slated to commence in early spring of this year.
Gaia has established a working relationship with Thunder Gulch Resources Ltd. (TGR) that has options on several other sections in the immediate area and that show high potential for development, and Gaia has signed Letters of Intent for potential acquisition of all these properties. Depending on further trend studies Gaia will be able to determine if acquisition of these surrounding properties is beneficial to the shareholders of Gaia. An accelerated period of exploration and development is also included in the program. Exploration will focus primarily on gold and silver. Beneficially the targeted property has access to water and electricity that will hasten the time to set up operations.
There are recent discoveries and current operations in surrounding areas north, south, east, and west of this property. This is a prolific region, with projects situated in close proximity to numerous known deposits. The 482.66 acres is just north of the historical Courtland/Gleeson District, which is in Cochise County, AZ. The Commonwealth Mine just north of this section was active during 1895 thru 1942 and sporadically had operations during economical years until 1994. Workings include a shaft(s), which produced over 1,000,000 tons of ore. The Commonwealth Mine was said to be one of the richest mines ever found in Arizona in the early 1900's and produced over 15 million dollars in gold at prices between the years of 1895-1942 ranging from just $20/oz. prior to 1930 to a high on January 21, 1980 of $850. Most recently, General Minerals Corporation and BHP Billiton signed a Letter of Intent in early 2005 and completed a joint venture on Dragoon Copper Hill property in Arizona, a copper and molybdenum rich area that is just to the west of the targeted Gaia property.
Gaia is also reviewing areas throughout the United States along popular trends in Arizona, California, Oregon, and Alaska. Locations throughout Canada in British Columbia and the Yukon Territories, and in South America are also being reviewed.
Forward-Looking Statements
Certain statements contained in the above are forward-looking statements that involve risks and uncertainties. The statements contained herein that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements deal with the Company's current plans, intentions, beliefs and expectations and statements of future economic performance. Forward-looking statements involve known and unknown risks and uncertainties that may cause the Company's actual results in future periods to differ materially from what is currently anticipated. Factors that could cause or contribute to such differences include those discussed from time to time in reports filed by the Company with the Securities and Exchange Commission. The Company cannot guarantee its future results, levels of activity, performance or achievements.
SOURCE: Gaia Resources, Inc.
Gaia Resources, Inc.
G. Robert McIntyre, 604-676-9181
info@gaiaresourcesinc.com
www.gaiaresourcesinc.com
Copyright Business Wire 2007
