21.03.2007 08:15:00
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Gaia Resources, Inc. Announces Funding Efforts
GAIA RESOURCES, INC. (GAIA) has entered into negotiations with certain
private funding sources that if successful, may provide adequate funding
for its initial stage of extensive precious metals exploration and
development. GAIA is an early development stage Nevada mining company
that recently formed a wholly owned subsidiary corporation in the State
of Arizona known as Gaia Exploration, Inc. to hold mining assets
attributable to its Gold mining operations within the state of Arizona.
GAIA is in the process of applying to the State of Arizona for the
assignment of title to the MFH Property in Cochise County, Arizona. The
MFH Property is south of the famous Commonwealth Mine that is located in
Pearce County just east of the Dragoon Range.
The formation of Gaia Exploration, Inc. was a required step in acquiring
the rights to 482.66 acres of prime mining claims known as the MFH
Property in Cochise County, Arizona as well as future acquisitions of
prime targeted properties. Beneficially, the MFH Property has access to
water and electricity that will hasten the time to set up exploration.
When the assignment has been completed, an extensive exploration program
will be filed with the appropriate authorities in Arizona. As financing
for the program is secured, GAIA expects to receive regulatory approvals
of its application and equipment will be moved to the property after
which, an accelerated period of exploration and development is expected
to commence. Gaia Exploration, Inc. will focus primarily on the recovery
of gold and silver. The MFH Property is located just north of the
historical Courtland/Gleeson District, in Cochise County, AZ.
Historically, 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.
In addition, GAIA is currently negotiating with Thunder Gulch Resources
Ltd. concerning the acquisition of property directly to the North of The
MFH Property. The targeted property known as the MCH Property comprises
480 acres of mineral claims. 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. Depending on further trend studies, GAIA will be able to
determine if acquisition of these surrounding properties is beneficial
to the shareholders of GAIA. GAIA is also reviewing areas throughout the
United States along popular trends in Arizona, Nevada, California,
Oregon, and Alaska. Locations throughout Canada in British Columbia and
the Yukon Territories, and in South America are also being reviewed.
GAIA shares recently began trading quotation on the Frankfurt Stock
Exchange under the Symbol (XYO). GAIA believes this added trading medium
will prove beneficial to the company in Europe in addition to its share
quotation on OTC Pinksheets under the Symbol (GIAS.PK).
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.
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