May 11, 2023
The Masara Mining Claim
The Masara Mining Claim, spanning 30 hectares, is under the licensed management of Gaia Gold. Located in Masara, Davao de Oro, Philippines, this area was previously drilled by Apex Mining Corporation, a highly successful large-scale and publicly listed mining company.
During Apex Mining Corporation's exploration, they identified 11 different veins within the claim. Subsequent testing revealed that seven of these veins exhibited highly promising results. Gaia Gold has taken charge of the operations and is focusing on the areas with the highest assay results, one of which we have named the "Blue Gold Vein Tunnel."
Blue-Gold Vein Tunnel
The "Blue Gold Vein," located within the Blue Gold Vein Tunnel, serves as Gaia Gold's primary operational site. This vein derives its name from the distinct blue-gray color of the quartz and its exceptionally high gold content.
Gaia Gold conducted extensive sampling and analysis, revealing that the Blue Gold Vein yields results ranging from 20.334 grams per ton (the lowest) to an impressive 225 grams per ton (the highest). At present, the company's extraction rate is set at 10 tons of ore per week, resulting in a weekly gold production ranging from 210 grams to 2.25 kilos. These projections are based on the assay results, and despite being in the early stages of exploration, Gaia Gold is already observing promising indications of a highly valuable vein on the surface.
One notable advantage of the Blue Gold Vein is its exceptional solidity, which sets it apart from softer veins susceptible to fault lines and other geological disturbances. Unlike sugary, gouged, or sphalerite-dominant veins, the solid quartz composition of this vein suggests the potential for a continuous, long-range deposit. Historically, such veins have sustained mining operations for decades before their resources were fully depleted.
The Blue Gold Vein belongs to the orogenic-type vein category, typically enclosed within quartz. These deposits form during the collision of tectonic plates, resulting in the precipitation of gold and other minerals within the quartz matrix.
With a current depth of 8 meters, the Blue Gold Vein measures approximately 12 inches (30 centimeters) wide. Due to its hardness, Gaia Gold employs controlled blasting techniques for efficient extraction. Based on the vein's vertical orientation and the discovery of extremely high-grade assay results within just 3 meters of the surface, the company anticipates the presence of a mother vein at a deeper level, which it aims to reach during ongoing operations.
Profit Projections and Growth Scale
Gaia Gold projects substantial profits and foresees significant growth in the mining operation at the Masara Mining Claim. These projections will be influenced by various factors, including the prevailing market price of gold, operational costs, and the efficiency of Gaia Gold's extraction and processing methods.
As Gaia Gold continues to develop and expand its operations within the Masara Mining Claim, tapping into additional high-grade veins, it anticipates a considerable increase in production volume and profitability.
The company remains committed to responsible mining practices, ensuring minimal environmental impact throughout its operations.
Gaia Gold's primary objective is to establish the Masara Mining Claim as a successful and profitable gold extraction site, contributing positively to the local community, and upholding its environmental stewardship responsibilities.