First Drill Hole At The Gold Dyke Prospect

VANCOUVER - Gaia Metals Corp. has collared the first drill hole of its maiden diamond drill program at the Gold Dyke Prospect on the Company's Freeman Creek Gold Property. The Property is located approximately 15 km northeast of Salmon, Idaho, and hosts excellent access via paved highway and a network of gravel roads and trails.

Following the receipt of drill permits and completion of the bond payment, the initial drill pad and site access has now been completed, connecting the main road to the drill area. Major Drilling America Inc. of Salt Lake City, Utah, has been engaged to carry out the diamond drill program at the Property. The initial drill program will be comprised of 5 - 6-holes for a total of 1,000 m of HQ coring focused on the Gold Dyke Prospect.

The Gold Dyke Prospect is the most advanced target on the Property, having been the subject of some initial shallow drill testing historically, with encouraging results. This includes two mineralized intercepts from rotary drilling completed in the 1980s by St. Joe American Corp., that were not followed-up on: 1.5 g/t Au and 12.1 g/t Ag over 44.2 m (RDH-8), and 1.7 g/t Au and 17.1 g/t Ag over 21.3 m (RDH-10). Mineralization in drill hole starts from surface, extending to at least 50 m depth, and remains to be followed-up with additional drilling. The current drill program will include a twinning of the historical rotary drill hole RDH-8 and will also test other targets in the area developed from the recent surface exploration.

Adrian Lamoureux, President and CEO, said, "We are excited to have the drill rig turning at the Freeman Creek Gold Property. In just a few short months from acquiring the project, we have efficiently and confidently defined our initial drill targets to get a better understanding of the potential the project hosts. The Freeman Creek Property is located within a prolific region of Idaho and is in close proximity to Freeman Gold's Lemhi Project, as well as Revival Gold's Beartrack & Arnett Projects. Idaho has been great jurisdiction to work in; no wonder why it is ranked #8 in the world and #3 in North America for investment attractiveness by the Fraser Institute in its 2019 Mining Survey. We are looking forward to positioning ourselves in this attractive, pro-mining & pro-business state."

Collectively, the 2020 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.