Gelum's Drill Programme Successfully Tests High-Grade Gold Structures at Eldorado Gold Project
Vancouver, British Columbia--(Newsfile Corp. - January 17, 2024) - Gelum Resources Ltd., (CSE: GMR) (OTCQB: GMRCF) (the "Company" or "Gelum") through its option agreement with Wealth Minerals Ltd. (CSE: WML) ("Wealth", or the "Optionee"), has received assay results for six diamond-drill holes (1340 metres) completed in October at the Eldorado Gold Project (see news release dated October 16, 2023). Breccia and veins comprising chalcedonic silica (indicative of a high-level epithermal gold environment) with iron-carbonate and sulphides were intersected in all...
2024-01-17 8:00 AM EST
Gelum's Drill Programme Targeting High-Grade Gold near Completion on Eldorado Gold Project
Vancouver, British Columbia--(Newsfile Corp. - October 16, 2023) - Gelum Resources Ltd. (CSE: GMR) (OTCQB: GMRCF) (the "Company" or "Gelum"), through its recently announced option agreement with Wealth Minerals Ltd. (CSE: WML) ("Wealth", or the "Optionee") is completing an approximately 1300-metre drill programme on the Eldorado Gold Property. Wealth mobilized both skid-mounted and helicopter-portable drill rigs to the Eldorado Gold property in late September to resume exploring high-grade gold mineralization. The property was last drilled in September 2022 (see news release...
2023-10-16 8:00 AM EDT
Gelum Set to Start 3D IP Survey on Eldorado
Vancouver, British Columbia--(Newsfile Corp. - August 21, 2023) - Gelum Resources Ltd. (CSE: GMR) (OTCQB: GMRCF) (the "Company" or "Gelum"), reports it has signed an agreement with Dias Geophysical Ltd. of Saskatchewan to complete a 3D pole-dipole DCIP survey over approximately 1.5 square kilometres at the Company's Eldorado Gold Project, BC prior to the commencement of drilling. The information from the survey will be used to better define the proposed drill programme planned for September and October 2023 as discussed...
2023-08-21 8:00 AM EDT
Gelum Announces Private Placements
Vancouver, British Columbia--(Newsfile Corp. - July 7, 2023) - Gelum Resources Ltd. (CSE: GMR) (OTCQB: GMRCF) (the "Company" or "Gelum"), reports that they have arranged non-brokered private placements consisting of a flow-through and non-flow through private placements for which units are currently being allocated. The Company will issue up to 5,000,000 flow-through units at a price of $0.20 per unit (the "FT Units") and, up to 3,125,000 non-flow through units (the "NFT Units") at a price of $0.16 per NFT...
2023-07-07 4:48 PM EDT
Gelum Reports Promising Assay Results for Initial Drill Programme at the Eldorado Gold Project
Vancouver, British Columbia--(Newsfile Corp. - March 6, 2023) - Gelum Resources Ltd. (CSE: GMR) (OTCQB: GMRCF) (the "Company" or "Gelum") has received assay results for three diamond drill holes (795.5 metres) completed in late 2022 at the Eldorado Gold Project. These holes are the start of a planned 11-hole, 3000 metre, helicopter-supported, diamond-drill programme that will be completed this year (Figures 1 and 8). Drilling intersected gold in all holes, associated with intense alteration (silica and iron-carbonate), and favourable hydrothermal vein textures (quartz-cemented...
2023-03-06 8:00 AM EST
Gelum Receives DTC Eligibility
Vancouver, British Columbia--(Newsfile Corp. - January 10, 2023) - Gelum Resources Ltd. (CSE: GMR) (OTCQB: GMRCF) ("Gelum" or the "Company") reports that its common shares are now eligible for book-entry and depository services of the Depository Trust Company ("DTC"), to facilitate electronic clearing and settlement of transfers in the United States. Gelum currently trades on the OTCQB under the ticker symbol GMRCF.DTC is a subsidiary of The Depository Trust & Clearing Corp. which manages the electronic clearing and settlement of publicly traded...
2023-01-10 8:00 AM EST
Gelum Closes Private Placement
Vancouver, British Columbia--(Newsfile Corp. - December 30, 2022) - Gelum Resources Ltd. (CSE: GMR) (OTCQB: GMRCF) (the "Company" or "Gelum"), reports closing of the non-brokered private placement as announced on December 12, 2022, issuing 2,001,000 units at a price of $0.20 per Unit (the "Offering") for gross proceeds of $400,200.Each Unit consisted of one common share of the Company and one common share purchase warrant, each warrant entitles the holder to purchase an additional common share of the Company at a...
2022-12-30 3:21 PM EST
Gelum Announces Private Placement
Vancouver, British Columbia--(Newsfile Corp. - December 12, 2022) - Gelum Resources Ltd. (CSE: GMR) (OTCQB: GMRCF) (the "Company" or "Gelum"), reports that they have arranged non-brokered private placement consisting of up to 2,500,000 units at a price of $0.20 per Unit (the "Offering") for proceeds of up to $500,000.Each Unit consists of one common share of the Company and one common share purchase warrant, each warrant entitles the holder to purchase an additional common share of the Company at a price...
2022-12-12 8:00 AM EST
Gelum Completes Drilling Programme at The Eldorado Gold Project
Vancouver, British Columbia--(Newsfile Corp. - November 1, 2022) - Gelum Resources Ltd. (CSE: GMR) (OTCQB: GMRCF) (the "Company" or "Gelum") has completed the first three holes (800 metres) of the planned 11-hole, 3000 metre, helicopter-supported, diamond-drill programme at the Eldorado Gold project (Figures 2 and 5). Drilling intersected multiple quartz-carbonate-sulphide zones in all three holes. The mineralized zones are characterized by intense silica and carbonate alteration, quartz cemented hydrothermal breccias, crack and seal veins, open space filling (locally cockade...
2022-11-01 12:43 PM EDT
Gelum Announces Private Placements
Vancouver, British Columbia--(Newsfile Corp. - September 20, 2022) - Gelum Resources Ltd. (CSE: GMR) (OTCQB: GMRCF) (the "Company" or "Gelum"), reports that they have arranged non-brokered private placements consisting of a flow-through private placement and non-flow through for which units are currently being allocated. The Company will issue up to 3,333,333 flow-through shares at a price of $0.30 per share (the "FT Shares") and, up to 2,500,000 non-flow through units (the "NFT Units") at a price of $0.20 per NFT...
2022-09-20 4:53 PM EDT
Gelum Drilling at Eldorado Gold Project
Vancouver, British Columbia--(Newsfile Corp. - September 14, 2022) - Gelum Resources Ltd. (CSE: GMR) (OTCQB: GMRCF) (the "Company" or "Gelum") has mobilized a Hydracore 2000 drill rig to the Eldorado Gold property and started drilling a 3000-metre helicopter-supported programme targeting high-grade gold mineralization.Gelum Resources Director, Henk van Alphen, stated: "The Eldorado Project contains two past producing gold mines and numerous gold occurrences located in a large 3 by 4-kilometre alteration footprint associated with surface rock and soil gold-arsenic-antimony anomalies, which...
2022-09-14 8:00 AM EDT
John Robins Joins Gelum Resources as Advisor
Vancouver, British Columbia--(Newsfile Corp. - September 12, 2022) - Gelum Resources Ltd. (CSE: GMR) (OTCQB: GMRCF) (the "Company" or "Gelum) reports that John Robins, P.GEO. has been appointed as an advisor to the Company. Henk van Alphen, Director, stated, "On behalf of Gelum Resources I want to welcome John Robins to the Company in his capacity as Advisor. Mr. Robins brings 35 years of technical geological, business development and opportunity recognition experience to the Company and we look forward...
2022-09-12 8:00 AM EDT
Gelum Shares Approved for Trading on the OTCQB(R) Venture Market
Vancouver, British Columbia--(Newsfile Corp. - August 29, 2022) - Gelum Resources Ltd. (CSE: GMR) (OTCQB: GMRCF) (the "Company" or "Gelum") Vancouver, B.C. reports that the Company's common shares have been approved and admitted for trading on the OTCQB Venture Market under the symbol GMRCF commencing August 25, 2022. The Company's primary listing remains on the Canadian Securities Exchange under the symbol GMR.Gelum Resources Director Henk van Alphen, stated, "The OTCQB is the premiere marketplace for early stage and developing U.S....
2022-08-29 8:00 AM EDT
Gelum Adds Ken Shannon to It's Advisory Board and Provides an Update on Eldorado Gold Project, B.C
Vancouver, British Columbia--(Newsfile Corp. - June 23, 2022) - Gelum Resources Ltd. (CSE: GMR) (the "Company" or "Gelum) Vancouver, B.C. reports that management and directors are extremely pleased to welcome Mr. Ken Shannon to the Company's Advisory Board. Director Hendrik van Alphen is particularly pleased having successfully worked with Ken on Corriente Resources Inc., a copper project in Ecuador which was successfully sold in 2010 to CRCC-Tongguan Investments (Canada) Co. Ltd., a Chinese partnership, for $680,000,000.Mr. Shannon has worked for...
2022-06-23 1:44 PM EDT
Gelum Consolidates Exploration Portfolio; Options Robson Claim
Vancouver, British Columbia--(Newsfile Corp. - May 24, 2022) - Gelum Resources Ltd. (CSE: GMR) ("Gelum" or the "Company") reports that it has consolidated its exploration portfolio by entering into an agreement under which Gelum may earn a 100% interest in the Robson claim (305 hectares), which is within the Eldorado Gold Property (now totaling 9,028 hectares) currently under option. The Eldorado Gold Property is located within the Bralorne-Bridge River Gold District in south-central British Columbia.Gelum President David Smith stated, "Gelum is...
2022-05-24 8:00 AM EDT
Gelum Enters into Exploration Agreement with Bridge River Indian Band
Vancouver, British Columbia--(Newsfile Corp. - May 9, 2022) - Gelum Resources Ltd. (CSE: GMR) (the "Company" or "Gelum), reports that it has entered an Exploration Agreement with the Bridge River Indian Band (Xwísten) (the "Agreement"). The Agreement will allow unfettered access to the Company's tenures for exploration activities leading to the production of a bankable Feasibility Report that complies with the requirements of National Instrument 43-101 Feasibility Report.The Agreement covers the El Dorado project and is specifically covered by Multi-Year Area...
2022-05-09 8:00 AM EDT
Gelum Resources Expands Exploration Portfolio; Options ML Copper-Gold Claims
Vancouver, British Columbia--(Newsfile Corp. - March 8, 2022) - Gelum Resources Ltd. (CSE: GMR) ("Gelum" or the "Company") reports that it has expanded its exploration portfolio by entering into an agreement under which Gelum may earn a 100% interest in the 8,736 ha (87 km2) ML land position, 6 kilometres from the Mt. Polley porphyry Cu-Au past-producing mine (care and maintenance; Imperial Metals Corp.), 6 kilometres from Osisko's QR Deposit (past-producer) and 28 kilometres from the active Gibraltar porphyry Cu-Mo...
2022-03-08 8:30 AM EST
Gelum Closes Flow Through Private Placement and First Tranche of Non-Flow Through Private Placement
Vancouver, British Columbia--(Newsfile Corp. - January 4, 2022) - Gelum Resources Ltd. (CSE: GMR) (the "Company" or "Gelum), reports that pursuant to their news release of December 6, 2021, they have closed the Private Placements for aggregate proceeds of $937,500.00.On December 30, 2021, the Company issued 1,485,714 flow-through common shares ("FT Shares") at a price of $0.35 per share netting the Company $520,000. On January 4, 2022, the Company issued 1,670,000 non-flow through units ("NFT Units") at a price of $0.25...
2022-01-04 6:28 PM EST
Gelum Resources Ltd. Announces Significant Expansion of Historical Gold Anomalies at Its Eldorado Gold Project in the Bralorne/Bridge River Gold District
Vancouver, British Columbia--(Newsfile Corp. - December 15, 2021) - Gelum Resources Corp. (CSE: GMR) ("Gelum" or the "Company") reports that all results have been received for the geochemical sampling programme carried out in September this year on the Eldorado Gold Property, located within the Bralorne-Bridge River Gold District in south-central British Columbia. The results confirm and significantly expand some of the historical gold anomalies generated by previous workers.The Eldorado Gold Property is located 22 kilometres north of the Bralorne mine,...
2021-12-15 8:00 AM EST
Gelum Announces Private Placements
Vancouver, British Columbia--(Newsfile Corp. - December 6, 2021) - Gelum Resources Ltd. (CSE: GMR) (the "Company" or "Gelum) Vancouver, B.C., reports that they have arranged a flow-through non-brokered private placement and a non-flow through non-brokered private placement. The Company will issue up to 2,857,143 FT shares at a price of $0.35 per share (the "FT Shares") and, up to 4,000,000 non-flow through units ("NFT Units") at a price of $0.25 per NFT Unit (collectively, the "Private Placement") for aggregate proceeds...
2021-12-06 8:00 AM EST