Gelum Resources is a company led by seasoned management in the mining and financial sectors. The Company is focused on the highly-prospective Eldorado Gold Project (9028 hectares) located within the Bralorne/Bridge River gold district near Lillooet, B.C., which is host to one of the highest-grade, longest-producing mines in British Columbia.
The Eldorado Gold Project is located in the South Chilcotin Mountains, 79 km north of the town of Pemberton via a paved road. The area has been a focus in gold discovery since the Fraser River gold rush of the late 1850’s. A recent study of historical information which includes soil samples, geochem, geophysics, and the historical review of two drill campaigns; one by the Cinnabar Resources in 1985 and one completed by Gold Fields in 2011, confirms that the highest priority targets are yet to be drilled. Gelum Resources is targeting high-grade, gold-sulphide vein systems and/or breccias located along regional faults, with five high-priority geochemical targets identified (untested by historical drilling). Gelum completed airborne geophysics (VTEM) and a 796m first-phase drill programme in the fall of 2022, followed by a 1340m drill programme and 3D IP geophysical survey in the fall of 2023. Further drilling and 3D IP is planned for 2024.