- Gelum Resources (GMR) has mobilized a drill rig to its Eldorado Gold property and started a drilling program targeting high-grade mineralization
- 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
- Gelum has engaged Quesnel Bros. Diamond Drilling to drill 3,000 metres from 10 drill pads located targeting gold-arsenic-antimony geochemical anomalies and their possible source structures
- Gelum Resources Ltd. (GMR) is up 20 per cent, trading at $0.21 per share as of 9:45 am ET
Gelum Resources (GMR) has mobilized a drill rig to its Eldorado Gold property and started a drilling program targeting high-grade mineralization.
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.
Gelum Resources’ Director, Henk van Alphen, explained that this is a testament to the project’s gold endowment.” Henk went on to explain that,
“The newly defined exploration targets at Eldorado are a product of systematic data compilation, analysis and ranking by the Company’s technical team and represent an excellent opportunity to create shareholder value through the discovery of a large, high-grade gold deposit.”
Gelum has engaged Quesnel Bros. Diamond Drilling to drill 3,000 metres from 10 drill pads located targeting gold-arsenic-antimony geochemical anomalies and their possible source structures.
Gelum (GMR) is engaged in the acquisition, exploration and evaluation of mineral properties. Its Eldorado Gold Property is located within the Bralorne-Bridge River Gold District in south-central British Columbia.
Gelum Resources Ltd. (GMR) is up 20 per cent, trading at $0.21 per share as of 9:45 am ET.
