Gelum Resources Ltd.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Hendrik van Alphen
- Sector
- Basic Materials
- Industry
- Gold
- Address
- 725 Granville Street Vancouver BC Canada V7Y 1G5
- IPO Date
- May 23, 2022
- Website
- gelumresources.com
- Similar Companies
- Business
- Gelum Resources Ltd. Gelum Resources Ltd. (CSE: GMR, OTCQB: GMRCF) is a Canada-based mineral exploration company focused on the acquisition, exploration, and evaluation of precious metal properties, primarily gold; it holds a 100% interest in the 9,028-hectare Eldorado Gold Project located in the Bralorne-Bridge River gold district of south-central British Columbia, near Lillooet, approximately 190 kilometers north of Vancouver; the company also maintains option agreements to acquire 100% interests in the ML Copper-Gold property in the Cariboo Mining District and the Roxey claims, both in south-central British Columbia. Founded in 1987 and headquartered at 200 Granville Street in Vancouver, Gelum targets high-grade gold-sulphide vein systems and breccias along regional faults, supported by historical data including soil geochemistry, geophysics, and prior drilling by Cinnabar Resources in 1985 and Gold Fields in 2011; its exploration activities encompass airborne VTEM geophysics, geochemical sampling, and diamond drilling programs to delineate multi-million-ounce economic gold deposits within an alteration footprint featuring gold-arsenic-antimony anomalies. In recent developments, Gelum completed a 796-meter first-phase drill program in fall 2022, followed by a 1,340-meter program and 3D IP geophysical survey in fall 2023, with further drilling and IP planned for 2024; the company entered an option agreement in August 2023 with Wealth Minerals Ltd. allowing Wealth to earn up to a 20% interest in Gelum's contractual rights to the Eldorado property and adjacent Robson claims through cash payments and exploration expenditures totaling up to C$1.5 million by December 2023; additionally, Gelum terminated its option agreement on the ML Copper-Gold property in March 2024 via a settlement, consolidated the Robson claims into the Eldorado project in 2022, changed its name from Gelum Capital Ltd. in September 2021, and achieved OTCQB trading eligibility and DTC status in 2022-2023 while conducting private placements for funding.
Gelum Completes Initial Reconnaisance and Sampling of Las Tinajas Gold Project, Northern Maricunga Belt, Chile
Gelum Shares Approved for Trading on the OTCQB(R) Venture Market
Gelum Completes Acquisition of Las Tinajas Gold Project, Northern Maricunga Belt, Chile
Gelum Changes Location of Annual General Meeting
Gelum Closes Non-Brokered Private Placement Grants Stock Options
Gelum Plans Acquisition of Las Tinajas Gold Project, Northern Maricunga Belt, Chile
Gelum Arranges Non-Brokered Private Placement and Change in Officers
CSE Bulletin: Consolidation - Gelum Resources Ltd. (GMR)
Gelum's Drill Programme Successfully Tests High-Grade Gold Structures at Eldorado Gold Project
Gelum's Drill Programme Targeting High-Grade Gold near Completion on Eldorado Gold Project
Gelum Set to Start 3D IP Survey on Eldorado
Gelum Announces Private Placements