Gelum Resources Ltd. (C:GMR)
Business Focus: Oil & Gas Exploration and Production (NEC)
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Company News
Jan 17, 2024 08:00 ET
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 holes. The best intersection assayed 0.412 g/t gold over 95.8 metres (ELD23-03 from 101.65 to 197.5 m), which includes two higher-grade intervals of 5.78 g/t Au over 1.70 meters and 5.66 g/t Au over 0.55 meters. A narrow arsenopyrite vein near the top of the hole (at 6m) contains visible gold and assayed 12.84 g/t Au over 0.5 meters. Both intercepts are open in all directions.
Oct 16, 2023 08:00 ET
Gelum's Drill Programme Targeting High-Grade Gold near Completion on Eldorado Gold Project
Highly Encouraging Initial Visual Results, Including Visible Gold
Valuation Ratios
Industry
Sector
Beta
N/A
--
--
Price to Sales - TTM
--
3.21
3.36
Price to Book - most recent quarter
1.35
1.40
1.77
Price to Cash Flow per share - TTM
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4.91
5.97
Price to Free Cash Flow per share - TTM
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17.76
17.93
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Apr 15, 2024 | 3,215 | -74 |
| Mar 31, 2024 | 3,289 | 0 |
| Mar 15, 2024 | 3,289 | -17 |
Business Summary
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
Gelum Resources Ltd. is a Canada-based junior mineral resource exploration company. The Company's principal business activity is the acquisition, exploration, and evaluation of mineral properties. It is focused on two prospective properties in British Columbia. These assets include the Eldorado Gold Project (9028 hectares) located within the Bralorne/Bridge River gold district near Lillooet and ML Copper-Gold project (8736 hectares) located in a prolific British Columbia porphyry belt between Gibraltar and Mt. Polley mines near Williams Lake with access and infrastructure. The Eldorado Project is located in the South Chilcotin Mountains, approximately 79 kilometers north of the town of Pemberton via a paved road. The ML Project is a brownfields land position located six kilometers northwest of Mt. Polley, approximately 28 kilometers east of the Gibraltar Mine and approximately six kilometers southwest of Osisko's QR Deposit.
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