Business
Gelum Resources Enters into Exploration Agreement with Bridge River Indian Band
Vancouver, British Columbia--(Newsfile Corp. - May 9, 2022) - Gelum Resources Ltd. (CSE: GMR) (the "Company" or "Gelum), reports that it has entered an Explorat
About this update from Gelum Resources Ltd.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - May 9, 2022) - Gelum Resources Ltd. (CSE: GMR) (the \"Company\" or \"Gelum), reports that it has entered an Exploration Agreement with the Bridge River Indian Band (Xwísten) (the \"Agreement\"). The Agreement will allow unfettered access to the Company's tenures for exploration activities leading to the production of a bankable Feasibility Report that complies with the requirements of National Instrument 43-101 Feasibility Report. The Agreement covers the El Dorado project and is specifically covered by Multi-Year Area Based work permit (MYAB) described in the exploration agreement which has been filed under the Company's profile in SEDAR. The Agreement also covers the exploration which is on territory within the St'at'imc territory (\"Traditional Territory\"), in which Xwísten and its members assert, hold and exercise constitutionally-protected Aboriginal Title and Rights (\"Indigenous Title and Rights\"). The Agreement further covers the relationship between the Xwísten and the Company in governing the principles of good faith, mutual respect, transparency and accountability in all dealings between Xwísten and the Company, which will be the cornerstones of the agreement and relationship. \"This Agreement brings to Gelum an ability to develop the El Dorado project with the co-operation and help of the Xwísten and is the result of discussion and agreement over the past year that have been both productive and enlightening. We are extremely pleased to able to make this announcement,\" says David Smith, President of Gelum. Chief Ina Williams, expressed, \"We are pleased to have concluded this agreement with Gelum and the establishment of a new relationship going forward with our interests being taken into consideration throughout the growth of the project. We are confident that our agreement will help us work through challenging times while achieving the results that both parties have envisioned.\" About Gelum Resources Ltd. Gelum Resources is a Company led by seasoned management in the mining and financial sectors. The Company's objective is the discovery of a multi-million oz. economic gold deposit in the Bralorne-Bridge River gold district located some 190 kilometres north of Vancouver and 74 km northwest of the town of Lillooet, B.C. This objective is made possible through th...