- Gelum Resources (GMR) has signed an exploration agreement with Bridge River Indian Band
- The agreement will allow unfettered access to its tenures for exploration activities leading to the production of a bankable feasibility report
- The agreement covers the El Dorado project and is specifically covered by the multi-year area-based work permit
- It also covers the exploration which is on territory within the St’at’imc territory
- Gelum Resources is a company led by seasoned management in the mining and financial sectors
- Gelum Resources Ltd.(GMR) is trading at C$0.25 at 11:44 am
Gelum Resources (GMR) has signed an exploration agreement with the Bridge River Indian Band.
The agreement will allow unfettered access to its tenures for exploration activities leading to the production of a bankable feasibility report that complies with the requirements of the report.
The agreement covers the El Dorado project and is specifically covered by the multi-year area-based work permit described in the exploration agreement, filed under its SEDAR profile.
It also covers the exploration of territory within the St’at’imc territory, in which Xwísten and its members assert, hold and exercise constitutionally-protected aboriginal titles 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 has been both productive and enlightening,” said David Smith, President of Gelum.
“We are extremely pleased to be able to make this announcement,” added Smith.
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 project’s growth.”
Gelum Resources is a company led by seasoned management in the mining and financial sectors.
Its 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.
Gelum Resources Ltd.(GMR) is trading at C$0.25 at 11:44 am.
