Gelum Resources has received assay results for three diamond drill holes 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. Drilling intersected gold in all holes, associated with intense alteration, and favourable hydrothermal vein textures and sulphides including fine-grained [...]
Gelum Resources reports that its common shares are now eligible for book-entry and depository services of the Depository Trust Company, 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 [...]
Gelum Resources reports closing of the non-brokered private placement as announced on Dec 12, 2022, issuing 2,001,000 units at a price of $0.20 per Unit 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 price of $0.40 per share for a period of 24 months [...]
Gelum Resources 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 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 of $0.40 per share for a period of 24 months from the [...]
Gelum Resources Ltd. has completed the first three holes of the planned 11-hole, 3000 metre, helicopter-supported, diamond-drill programme at the Eldorado Gold project . 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 with [...]
Gelum Resources 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 and, up to 2,500,000 non-flow through units at a price of $0.20 per NFT Unit for aggregate proceeds of up to $1,500,000. Each NFT Unit [...]
Gelum Resources Ltd. 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 [...]
Gelum Resources Ltd. 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 to working with him." John Robins [...]
Gelum Resources 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. and international [...]
Gelum Resources Ltd. 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 Co. Ltd., a Chinese partnership, for $680,000,000. Mr. Shannon has worked [...]
Gelum Resources Ltd. 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, which is within the Eldorado Gold Property 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 consolidating the [...]
Gelum Resources reports that it has entered an Exploration Agreement with the Bridge River Indian Band. 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 [...]
+200,00 %
-88,89 %
