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Gaia Metals applies new geophysical analysis to Quebec polymetallic project

by Greg Klein | December 11, 2019

This type of geophysical survey hasn’t changed much in two decades, but the technology of evaluation has. With that in mind, Gaia Metals TSXV:GMC (formerly 92 Resources) plans an up-to-date re-analysis of existing IP-resistivity data from its Corvette-FCI property. The process should offer a cost-effective method of gaining new insight into the project.

Gaia Metals applies new geophysical analysis to Quebec polymetallic project

Gaia Metals’ Corvette-FCI project has already shown
impressive sample results for gold, copper and lithium.

The James Bay-region property has so far yielded high-grade samples of gold, copper-gold-silver and lithium-tantalum. Now the company plans to apply new technology to data collected up to 2000.

IP-resistivity surveys have proven “well-suited to detect near-surface disseminated sulphide mineralization (IP anomalies), as well as areas of alteration and/or silicification (resistivity anomalies),” Gaia stated. “This geophysical tool is commonly used in greenstone-hosted gold and base metal exploration and is often effective at qualifying drill targets initially developed from surface mapping and sampling. With the mineralization styles identified at Corvette-FCI, coupled with the thin overburden cover in the area, IP-resistivity offers an efficient sub-surface scan at good resolution and reasonable cost.”

The original survey covered two grids: Golden Gap (now known as FCI West) and Island Lake (FCI East), which includes the Lac Bruno boulder field. IP targets from the original evaluation have yet to be drilled, “further highlighting the value in modern re-processing to prioritize the targets,” Gaia added.

The company expects to conduct new surveying along the property’s Maven trend, extending east across the Lac Smokycat-SO, Lorraine and Elsass showings, where historic sampling brought impressive copper-gold-silver grades. Expected for completion next spring, the survey will precede ground mapping and sampling scheduled for June and July.

Emphasizing the project’s polymetallic promise were surface samples released in September from last summer’s field program. Lithium grades from six newly found pegmatites reached up to 4.72% Li2O, while tantalum numbers included 564 ppm Ta2O5. Gold samples included a Lac Bruno boulder assay as high as 11.9 g/t. A Lorraine outcrop featured 8.15% copper, 1.33 g/t gold and 171 g/t silver.

The project consists of Gaia’s 100%-held Corvette claims and a 75% earn-in from Osisko Mining TSX:OSK spinout O3 Mining TSXV:OIII on the FCI-East and FCI-West blocks.

Among other assets, Gaia’s portfolio includes the Pontax lithium-gold property in Quebec, the Golden silica property in British Columbia and a 40% stake in the Northwest Territories’ Hidden Lake lithium property.

Last week the company closed a private placement of $412,199.

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