21.03.2007 08:15:00

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.

Nachrichten zu Gaia Resources Inc.mehr Nachrichten

Keine Nachrichten verfügbar.

Analysen zu Gaia Resources Inc.mehr Analysen

Eintrag hinzufügen
Hinweis: Sie möchten dieses Wertpapier günstig handeln? Sparen Sie sich unnötige Gebühren! Bei finanzen.net Brokerage handeln Sie Ihre Wertpapiere für nur 5 Euro Orderprovision* pro Trade? Hier informieren!
Es ist ein Fehler aufgetreten!