Business
Gelum Resources Adds Ken Shannon to It's Advisory Board and Provides an Update on Eldorado Gold Project, B.C
Vancouver, British Columbia--(Newsfile Corp. - June 23, 2022) - Gelum Resources Ltd. (CSE: GMR) (the "Company" or "Gelum) Vancouver, B.C. reports that managemen
About this update from Gelum Resources Ltd.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - June 23, 2022) - Gelum Resources Ltd. (CSE: GMR) (the \"Company\" or \"Gelum) Vancouver, B.C. reports that management and directors are extremely pleased to welcome Mr. Ken Shannon to the Company's Advisory Board. Director Hendrik van Alphen is particularly pleased having successfully worked with Ken on Corriente Resources Inc., a copper project in Ecuador which was successfully sold in 2010 to CRCC-Tongguan Investments (Canada) Co. Ltd., a Chinese partnership, for $680,000,000. Mr. Shannon has worked for over 20 years in the role of CEO, raising over $200 million of venture capital for mineral exploration projects. His accomplishments include the discovery or confirmation of the Taca-Taca deposit in Argentina, and the Mirador, Mirador Norte, Panantza and San Carlos deposits of the Corriente Copper Belt in Ecuador (>30 Billion pounds of contained copper in total). In addition to Mr. Shannon's experience and knowledge relating to corporate management, the Board welcomes his recognition and experience in building a trusting and prosperous relationship with Indigenous Peoples, a focus of the existing management. Corporate Review 1) Completion of a surface exploration work program (December 2021) Geochemical sampling program indicates a significant expansion of the historical gold anomalies generated by previous work on the property. Establishment of precise drill targets. Drilling to commence this summer in cooperation with the Bridge River Indian Band. 2) Announce the addition of Kelly Earle to Advisory Board (December 2021) Ms. Earle has 15 years of experience in the mining industry and is currently Vice President, Communications with Skeena Resources Limited, where she oversees all corporate development and investor relations activities. Ms. Earle spent several years in the field as a geologist prior to making the transition into the corporate side of the industry. She is a founding member of the British Columbia Regional Mining Alliance (BCRMA), a regional partnership between Aboriginal groups, industry and provincial government representatives to promote mining investment in the Golden Triangle of northwest BC. Ms. Earle brings significant relevant experience to the Company's advisory board. 3) Completion of $937,500 Financing (January 2022) The Company closed $520,000 Fl...