New Idaho Gold Rush!

The same system that led to Idaho becoming a state is home to a tiny new gold stock about to revive a forgotten gold mine!

Gaia Metals (TSX-V: GMC)(OTC: RGDCF)


Idaho owes much of its history to gold.

In 1860, Captain Elias Davidson Pierce discovered gold in Canal Gulch on Orofino Creek near the Clearwater River. The town of Pierce sprang up as prospectors rushed in. By 1861, there were 10,000 people living there.

The Idaho Territory, established in 1863, owes it origins to a gold rush that brought in people to that part of the frontier. Mining became the pillar of the new state’s economy. By 1890, it was the largest exporter of lead in the U.S.

But it was the gold that made many people rich.

There were more than twelve major gold discoveries in Idaho, some of which are still in production today. The 2019 Fraser Institute’s Annual Survey of Mining Companies ranked Idaho in 8th place among regions most attractive for mining investment. Mining companies working in Idaho raised about $70 million in financing in 2019.

Seven public gold mining companies currently hold ground in Idaho… and now an eighth joins them.

Gaia Metals (TSX V: GMC)(OTC: RGDCF) is a tiny new junior mining company with a project in northern Idaho.

Its Freeman Creek Project is 15 km northeast of Salmon, and not far from Captain Pierce’s original gold discovery.

The Trans-Challis Fault System is the primary cause of many of the economic metal deposits in that region. The major structural corridor runs Northeast from Idaho City through Gibsonville. It’s easily mapped by the mines that run in a line along that same path. Most of the deposits along that corridor contain gold, silver, lead, zinc and copper.


The deposits on the northeastern end of the trend, around Gaia’s ground, contained mineable gold. The areas around Gibsonville, Shoup, Leesburg and Salmon show a concentration of these gold deposits. That’s exactly why Gaia is there.

Gaia’s Freeman Creek is a Historic Location with Huge Upside

The Freeman Creek Project hosts two zones of mineralization: Gold Dyke Prospect and Carmen Creek Prospect. Both prospects contain gold, silver and copper mineralization.

These aren’t new discoveries. Back in 1910, prospectors put in three adits at Gold Dyke, along with several trenches.

Trench samples returned:

  • 7.0 meters of 6.8 grams per ton (g/t) gold and 199 g/t silver; and
  • 3.7 meters of 19.9 g/t gold, 65 g/t silver, 10.7% zinc and 1.05% copper.
Follow up work in the 1970s and 1980s included some rudimentary drilling. The holes didn’t exceed 150 meters in depth, but did return:

  • 13.7 meters of 0.46 g/t gold, 7.1 g/t silver, and 0.10% copper;
  • 21.3 meters of 1.7 g/t old and 17.1 g/t silver; and
  • 44.2 meters of 1.5 g/t gold and 12.1 g/t silver.
In 2020, a regional geochemical survey outlined a strong anomaly. Follow up surface samples returned excellent results:

  • 10.9 g/t gold, 80.1 g/t silver and 0.72% copper; and
  • 4.3 g/t gold and 292 g/t silver.
The high-grade material on the surface and historical work eliminates some of the exploration risk at Gold Dyke.

Field work also turned up a brand-new prospect called the Phaser Showing, which is over one kilometer from the main prospect. Surface sampling there hit 2.0 g/t gold, 23.1 g/t silver and 0.56% copper. Assays for additional 2020 surface samples are pending, meaning news flow and catalysts are upcoming.

The company completed four core holes (457 total meters) on the prospect. We’ll get into the results in the interview below.

The Carmen Creek prospect on the Freeman Creek Project also had historical work, but has never been drilled. In 1910, prospectors installed a small mill to process material from nearby workings.

A nearby vein system identified in 1913 held mineralized material. Historical outcrop and surface samples ran as much as 14.1 g/t gold, 63 g/t silver and 1.2% copper.

In 1998, a report by Johnson et al. published on the Carmen vein described it as a:

“gold and copper bearing exhalate zone a few tens of meters thick…” and “gold and copper are concentrated in lenses of massive quartz and magnetite”

Recent surface sampling in 2020 on the site returned exciting grades:

  • 25.5 g/t gold, 159 g/t silver and 9.75% copper
  • 15.3 g/t gold, 41.0 g/t silver and 0.76% copper
  • 2.0 g/t gold, 269 g/t silver and 11.4% copper
  • 5.0 g/t gold, 148 g/t silver and 32.0% copper


The exciting aspect of the Carmen Creek prospect is that it went undrilled.

This is a fantastic opportunity for a junior mining company to make a big discovery. The company needs to receive and collate the assays from its 2020 field season. It will complete a follow up drill program at Gold Dyke.

At Carmen, the team will put together a winter geophysical survey program to identify drill targets at Carmen Creek.

Gaia Metals has all the hallmarks of potential success: historic workings, high grade samples, and plenty of surface data. It has many catalysts ahead that will generate exciting news flow soon.

If it connects with mineralization in its drilling program, it will create enormous value for shareholders. The Freeman Creek Project is exactly the kind of opportunity that junior mining speculators leap at.

And in order to fully inform our readers, Resource Stock Digest’s own Gerardo Del Real sat down with Gaia Metals president in an exclusive interview:

Resource Stock Digest Interview with Gaia Metals President Blair Way


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Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is the newly announced president of Gaia Metals — Mr. Blair Way. Blair, how are you?

Blair Way

Blair Way: I'm great, Gerardo. How are you doing today?

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GDR: I am well. I'm excited to have you on because I think the company presents an exceptionally compelling opportunity. And I can't figure out – I've known you for a bit over a decade now – I can't figure out why you have such a tiny market cap.

Before we talk about Freeman Creek and the properties and what 2021 holds in store — can you share with the folks at home your market cap right now?

Blair Way

BW: Yeah, so our market cap is hovering just under C$5 million. And it was certainly a little baffling to me… and that was one of the attractions of the company. And I've known a number of other people involved with the company for, again, almost a decade… and that was what drew me in.

And then, of course, looking at what they had and I realized, really, it was probably summed up in one word — and it was “marketing.” And they were busy doing work but may not have been putting enough attention on marketing… getting eyes on the company.

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GDR: Well, you're not short on catalysts. You actually just completed a drill program. And I want to get to the flagship and talk about the portfolio of properties.

But before that, for those not familiar with you, can you give us a bit of your background and maybe where we know each other from and the many successes you've had in the past?

Blair Way

BW: For sure. My original background comes from the implementation and execution of major projects working for the likes of BHP, Korea Zinc… and I've worked in a number of different commodities: nickel, zinc, magnesium, and then into gold and copper.

So in the last 10 to 15 years, I've been focused more on mid and junior players in the copper-gold. And then, the last half decade has also had quite a focus on battery materials with graphite and lithium.

Given the nature of the world today, I'm back and back on to cover gold which has always been sort of a sweet spot for me — and I do enjoy the space. It's great talking to investors that really do understand that space. Battery materials, as you're well aware, has its challenges for understanding what's a good asset and what's not.

But yeah, so I've come from the sort of downstream side of being the operator, the commissioner, or the constructor working my way back up into exploration and, certainly, worked for some companies that many people have heard of. BHP being one, OceanaGold, Ventana Gold was a good success story on the TSX, and a number of other companies; TSX-Venture as well.

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GDR: I recall a time in the previous bullish cycle where someone of your caliber with your experience… you could buy a shell with next to zero cash, and your experience and your network alone would demand a market cap in the tens of millions [of dollars], right?

And here you are sitting with a C$4 million market cap!

You have assays pending. You're in a jurisdiction which I absolutely love for gold; Idaho, which has been very, very good to us with Midas, Integra, and Revival Gold, among others. And so can we talk about the flagship project?

Blair Way

BW: For sure. That was a big attraction to me. And this past year has been pretty challenging. And looking back at the space as the year entered in January, at the beginning of the year, I started or commenced looking for interesting projects and interesting companies to join.

I had taken a bit of time and it was a great opportunity for me to look around. And I was looking at property in Australia because I am based in Australia and found some quite interesting properties there and then continued to look at different companies.

And that's what brought me to Gaia Metals. And that's where I learned, "Holy crap, you guys are planning drill programs and things like that!" And I'm looking at the market cap… I'm looking at the structure of the company and 30-odd million shares outstanding and realizing there's some opportunity here to really do something.

And Idaho, as you mentioned, with so many peers almost quite literally next door with amazing growth and assets that are being developed. And we've got Integra, Excellon, Revival, Demetals, Freeman Gold, Idaho, Opher. And we are sitting at the bottom of that list right now, which is both a good thing and a bad thing.

We've got this drill program. It really was, to me, just… “We need to move this little program forward that helps better understand the property.” And then, the next drill program, we’ll be able to focus in on what we've learned from this initial sort of… we'll call it almost a recon drill program. It’s not massive but it gives us an opportunity to understand some of the historic information.

And as you well know, Idaho has had gold exploration and extraction for hundreds of years. And some of the data we're looking at… I was speaking with our VP Exploration, he said, "These are documents from the late-1800s!" So it's an amazing area to work in and super exciting for me.

North America is a great place. USA, Canada, Australia are all great jurisdictions. And in these tough times, you need to be in a jurisdiction where you know that you can work with people that will do what they say they're going to do and get it done in a timely manner.

And I've worked in all kinds of different countries, and I've spent a lot of time in those different countries because you need to be there on the ground to make sure it's happening. When we're in a time like we are now, well… that's not such a possibility without sitting in hotels for two weeks at a time every time you want to visit someone.

You need to be working in a jurisdiction that gives you that confidence that you can execute on the ground and make things happen in a timely manner.

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GDR: There has been historic drilling on this property. You're actually twinning a hole, if I'm not mistaken, to verify the mineralization which had returned 1.5 grams per tonne gold and 12.1 grams per tonne silver over 44.2 meters. So you're not drilling into a blind target that doesn't have a history of mineralization.

Walk me through the target and then walk me through you ending up discovering a significant amount of new outcrop as a result of you constructing a road, or constructing road access, to the drill pads. I understand that was… “Better lucky than good!” I guess, right?

Blair Way

BW: Yeah, it was! We did a trenching sampling program without really planning to do it. And that was one of the challenges here. And I didn't truly appreciate it. Again, this is the challenge of not being able to get your own feet on the ground and walk the ground.

I just had in my mind the flatter part of Idaho or maybe a bit further east in the western states. And I just, in my mind, had it a lot flatter. In actual fact, the terrain is pretty rugged, and, as a result, cutting some of the roads was a challenge. There wasn’t a lot of fill-in material so we actually had to jackhammer into the side of the hill and make trails to get to our first twinned hole.

Keeping in mind we're twinning a hole, and, off the top of my mind, I can't recall the age, but it was decades ago that this hole was drilled. So we're pretty confident that we found the collar for it. But again, when there are things that have been hanging around for that long — it's not always 100 percent. But our guys in the field are confident that we have got as close to twinning it.

And so we're confident of being able to see what was previously seen and maybe something more — being optimistic. But yeah, the actual challenge of getting access and building a pad meant we had to do a bit of rock hammering to make the roads. So as a result, we opened up a whole bunch of trench material without intending to. But that's given us a great deal of sampling material as well.

Some of that we haven't put in for assay now… but sort of the more interesting stuff we have. And if we find... because you're looking for a lower grade material, your eyes can help you to identify possible host material. But at the end of the day, it's going to be the assays that really give you the information that you need. And then, we may – depending on what we found or what that reveals – we'll then send some more material as warranted.

But yeah, we ended up picking up a great deal more sampling simply from building roads. And then, we still have our drill hole assay data on top of that. So yeah, it's fantastic. As I said before, it's amazing to be working in a region with information that dates back to the 1800s. It's kind of cool!

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GDR: That is very cool. Let’s get into the results from the first four-hole dill program.

Blair Way

BW: So the twinned hole is as we expected and it's followed our understanding from that historic hole. The first two holes were a bit deeper and that was a function of ground conditions. And certainly it helped us better understand that part of it. If you look on our map that was provided on the press release, just so people can get the spatial awareness, so one and two are more sort of trending up in the northwest. And three and four were, I guess in a way, our sort of step out ones where we weren't completely sure on what we were going to see there. But what we have seen, and obviously when we cut our trails there, we had all this outcrop, which we did a release on earlier.


So we've exposed a lot more material and certainly we're finding higher grade in that area that we probably weren't expecting to see that shallow. So we're starting to see a trend off to this sort of northeast direction from our gold anomalies and our geochem. So it's really expanded, in a way it's unconstrained our understanding of the property than what we had before. And that's great, because now we consider the benefit now of possibly doing some remote sensing on the property, just to better understand where to step out next to find more gold.

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GDR: Very neat! I know that Freeman Creek is the flagship. But as I mentioned, you do have several other properties in the portfolio. Can you just briefly touch on those and kind of what the plan is moving forward?

Blair Way

BW: For sure. We actually have quite a stack of properties. But certainly Freeman Creek is our flagship. And then, really, next after that is our Quebec property, Corvette-FCI. And again, that's a great prospect with some really good neighbors nearby: Quebec Precious Metals, Midland Exploration… so there are some, definitely, some indicators of interest. But also, there's been some work done on that ground which certainly warrants additional work.

And back in the day, they weren't really looking for gold. But what we found is some really interesting trends based on anomalies and some soil sampling and the like. And they had some good early-stage discussions with our VP Exploration, and he's very excited about it. And certainly that's brought me into the fold of what we have there and, believe it or not, we've got potential for gold, copper, and lithium.

And I probably wasn't fully aware… when you're looking for lithium, you’re sort of obviously hunting down pegmatites, or whatever, but I never really thought about their occurrence. But here we have pegmatites actually giving us a bit of almost a visual indicator of where we may find some of our gold and copper. So that's kind of interesting.

But it's great ground. It's in an area that is very well supported by both infrastructure and politically for doing this sort of work and exploration. So it's not like certain parts of the country where there are some challenges that you have to work through whether political or indigenous or what have you. This area is definitely well supported, and we look forward to being able to do some work on that ground in the new year for sure.

And then we have a number of other lithium properties and also some silica or mineral sands. So we actually have a big portfolio but we are focusing on our gold. And there is and has been some movement in lithium. So there may be some potential value coming out of them in the future. But certainly we are maintaining our focus on our copper-gold.

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GDR: It's not going to take much to move the needle on the market cap, obviously. Can you walk me through 2021 and what new shareholders can expect?

Blair Way

BW: For sure. 2021 is going to be an active time. Obviously, the winter and snow slows some of the work on the ground but we've got quite a bit of data to work with on our flagship Freeman Creek property.

We're looking at continuing on that working… taking the data that we have both from the trenching we talked about as well as the expected assays from the drill hole data. That will help us target possibly even some IP work that we might do. So some remote sensing that you can do over the snow which will then help us focus in for spring drilling on both the Gold Dyke and Carmen Creek targets.

And same with our Corvette-FCI. There's opportunities there to do some remote sensing which again gives us some opportunity to zero in on areas that previous explorers – because they were looking for other commodities and heading off in a different trend line – we believe the IP can help confirm what we believe is the case from looking at it on the ground.

So into the first half of 2021, ideally, we've got a couple of drill programs planned out and executed in the spring when the snow clears. And basically from there, we can run with those two prospects and certainly move them forward as aggressively as the market lets us.

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GDR: I've been to Salmon, Idaho, before. I'm looking forward to 2021 when I can return and visit Freeman Creek. Blair, I want to thank you for your time. Is there anything else that you'd like to add?

Blair Way

BW: Well, you've touched on such an important thing that we're all dealing with. And this is a worldwide issue of not being able to get on a plane and put feet on the ground. And we're putting a lot more trust in the people that we're working with and the properties that we're working with and the people that can work for us on those properties, which, again, is a much more remote process than it is normally.

And I too look forward to when I can get on a plane and see the ground that we're so interested in. But what's interesting, this whole process – and I'll call it a process because we're not really sure what it's going to end up like – but COVID-19 and the changes that it's made to our world and the way that we communicate and the way that we travel has opened up a whole new world of getting things done without having to sit on planes.

I've spent years… or I've been 500-hours-a-year on a plane. It's not good for your health! But having said that, what we're seeing, and this is something I hope to do with my... I did my first President’s Letter, and we're looking at possibly demonstrating how this collaboration works where you're sitting on a Zoom call, you're sharing screens, you're working through as though you're side-by-side in an office. But in many cases, you're tens of thousands of miles away.

And it's amazing that… you know, we're survivors. We all find ways to make things happen. And that's really what we're doing here. And things do slip through the cracks, and that's why you will find companies maybe that have a market cap but good assets. And things just need to be pulled together and we move it forward.

And I see this… as important with Gaia Metals… is that we have some great assets; we've got some great people and a great jurisdiction, and we just need to keep moving it forward and letting people see what and know what we're doing.

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GDR: Well, I'm excited to bring the opportunity to readers and followers and subscribers because I think it's a compelling one especially given the current market cap.

And frankly, if it was trading three or four times today's market cap, I still could make a pretty good argument for value and catalyst in 2021 at these levels. It's an absolute no brainer! So thank you for allowing us the opportunity to bring it to everybody today.

Blair Way

BW: Yeah. Thanks very much, Gerardo. I look forward to keeping you and your listeners informed in the coming weeks and months.

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GDR: Thanks again, Blair.

Blair Way

BW: Thanks

What’s next for Gaia Metals?

Gaia Metals (TSX-V: GMC)(OTC: RGDCF) – currently trading below C$0.15 per share – is a small-cap mineral exploration company focused on the acquisition and development of mineral projects containing base and precious metals, including platinum group elements and lithium.

The company’s flagship is the Freeman Creek gold-silver-copper project located in Lemhi County, Idaho, near Revival Gold’s Beartrack-Arnett project.

Gaia recently reported significant gold grades from its four-hole maiden drill campaign targeting the Gold Dyke area. Hits reported in early 2021 include:

  • 1.12 g/t Au and 9.0 g/t Ag over 47.6 m starting from surface (drill hole FC20-003), including
    • 4.11 g/t Au and 33.0 g/t Ag over 12.0 m
  • 0.46 g/t Au and 7.6 g/t Ag over 14.1 m starting from surface (drill hole FC20-002), including
    • 2.08 g/t Au and 18 g/t Ag over 2.0 m
  • 0.56 g/t Au and 19.3 g/t Ag over 9.0 m (drill hole FC20-001)
Additionally, Gaia is advancing its Corvette-FCI project, Quebec, Canada, which is prospective for gold, silver, PGEs, base metals, and lithium.

Spring drilling is just around the corner.

And given the excellent results from the first campaign, we expect more good news by way of the drill soon.

Gaia Metals (TSX-V: GMC)(OTC: RGDCF) has an extremely tight share structure and tiny market cap, meaning that good news should be able to help drive the share price significantly higher.

The company is worth taking a look at before that happens.

Click here to learn more about Gaia Metals now.

— Resource Stock Digest Research