Gelum Resources Ltd., through its option agreement with Wealth Minerals Ltd. , has received assay results for six diamond-drill holes completed in October at the Eldorado Gold Project . Breccia and veins comprising chalcedonic silica with iron-carbonate and sulphides were intersected in all holes. The best intersection assayed 0.412 g/t gold over [...]
Highly Encouraging Initial Visual Results, Including Visible Gold Gelum Resources Ltd. , through its recently announced option agreement with Wealth Minerals Ltd. 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 [...]
Gelum Resources Ltd. , 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 [...]
Gelum Resources Ltd. , 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 and, up to 3,125,000 non-flow through units at a price of [...]
Gelum receives loans Gelum Resources Ltd. 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 [...]
Gelum Resources Ltd. 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 [...]
Gelum Resources Ltd. , 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 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 [...]
Gelum Resources Ltd. , 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 [...]
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 [...]
Gelum Resources Ltd. , 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 [...]
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 [...]
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 [...]
