Gelum Resources Ltd.

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 property in late September to resume exploring high-grade gold mineralization. The [...]

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 programme planned for September and October 2023 as discussed in News Release [...]

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 $0.16 per NFT Unit for aggregate proceeds of up to $1,500,000. Each FT Unit [...]

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 intense alteration , and favourable hydrothermal vein textures and sulphides [...]

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 Corp. which manages the electronic clearing and settlement of publicly traded [...]

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 common share of the Company at a price of $0.40 per share for a period of [...]

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 the Company at a price of $0.40 per share for a period of 24 months from [...]

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 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 $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 [...]