SOURCE: Gaia Resources, Inc.

November 16, 2006 16:19 ET

Gaia Staged to Begin Gold Sampling

LAS VEGAS, NV -- (MARKET WIRE) -- November 16, 2006 -- Gaia Resources, Inc., a Nevada-based resource company (PINKSHEETS: GIAS), is an early development stage mining company focusing on the exploration and production of precious metals. Several properties have been identified and are being acquired by Gaia Resources, Inc. Gaia Resources, Inc. (GIAS) is 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 the Dragoon Range. GIAS has established a working relationship with Thunder Gulch Resources Ltd. (TGR) which has optioned several other sections in this area which show high potential for development and GAIS has signed Letters of Intent for potential acquisition. More details will be released on these other sections as TGR makes them available. The section initially being acquired is a combination of gold and silver deposits. The 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 through 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 1900s and produced over 15 million dollars in Gold at market prices at that time. 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 GIAS.

GIAS is finalizing acquisition documents and once filed, an aggressive drilling and bulk sampling program is slated to commence in early 2007. An accelerated period of exploration and development is also included in the program. Depending on further trend studies GAIS will be able to determine if acquisition of these surrounding properties is beneficial to the shareholders of GAIS. GIAS through TGR has access to four (4) other projects. GAIS may acquire these properties as well. The company is reviewing areas throughout the United States along popular trends in Arizona, California, Oregon, and Alaska. GAIS is also reviewing locations throughout Canada in British Columbia and the Yukon Territories, and in South America.

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.

Contact Information

  • For further information contact:
    G. Robert McIntyre
    President / CEO
    Ph: 604-676-9181