Gelum Resources Ltd. (the 'Company' or 'Gelum', CSE: GMR, OTCQB: GMRCF)has received assay results for three diamond drill holes (795.5 metres) completed in late 2022 at the Eldorado Gold Project.
These holes are the start of a planned 11-hole, 3000 metre, helicopter-supported, diamond-drill programme that will be completed this year. Drilling intersected gold in all holes, associated with intense alteration (silica and iron-carbonate), and favourable hydrothermal vein textures (quartz-cemented breccias, crack and seal veins, open space filling) and sulphides including fine-grained pyrite and arsenopyrite. These features are associated with high-grade gold-bearing structures 20 km south in the district. The best intersection includes 44 metres assayed 0.414 g/t Au (ELD22-03), which contains two close-spaced, higher-grade intervals of 3.26 g/t Au over 0.83m and 3.11 g/t Au over 1.05m.
Gelum Resources Director Henk van Alphen stated: 'The partially completed drill program intersected gold in all three holes and indicates one of the larger mineralized panels probably extends for more than two kilometres along strike. Follow up drilling will build on these intercepts by testing deeper parts of the system where sulphide and gold content are expected to increase. Positive results will indicate there's a very significant high-grade deposit to drill off'.
The Eldorado Gold Property is located 22 kilometres north of the Bralorne mine, and 17 kilometres north of the community of Gold Bridge. The 9028-hectare property covers multiple Minfile showings and two past-producing (1930s & 40s), small-scale gold mines that form the northern extent of the Bridge River-Bralorne/Pioneer orogenic gold system. Gold occurs in polymetallic sulphide veins and vein-stockworks within broad, epizonal (high level) quartz-ankerite alteration in the Eldorado granodiorite stock and surrounding rocks, which are complexly juxtaposed by numerous faults associated with regional-scale structures linked to gold mineralization.
Drilling Logistics, Sampling Procedures and QAQC
In September 2022, Gelum engaged Quesnel Bros. Diamond Drilling ('Quesnel') to drill approximately 3000 metres from eleven (11) drill pads targeting gold-arsenic-antimony geochemical anomalies. Quesnel used a lightweight Hydracore 2000 drill rig and helicopter service was provided by Blackcomb Helicopters, with a base in nearby Gun Lake. All core was NQ size, and the average overall recovery was 87%. A total of 795.5 metres were drilled in three holes from three widely spaced platforms. A Reflex EZ-TRACTM multi-shot was used for downhole surveying every 40 metres. Hole coordinates were collected using a handheld GPS after the drill rig was removed.
Gelum contracted Hardline Exploration Corp. of Smithers, B.C. ('Hardline'), for all drill monitoring, core logging and sampling. Core was transported from the drill pad by helicopter to the airstrip at Gun Lake, then by truck to a logging, splitting, and sampling facility in Gold Bridge. A Hardline geologist and technician logged and tagged the core for sampling, which was then photographed before being cut in half with a diamond saw. One half was collected for sample preparation and analysis, and the other retained for future reference. Photographs were taken again before the boxes were stacked on site for storage.
Samples were collected on maximum two-metre sample intervals where mineralization was diffuse, and at a minimum of 0.5 metres where mineralization was well-defined. Hardline personnel rigorously marked, collected, and bagged the samples, which were then security sealed and dropped off at MSA Laboratories in Langley, B.C. ('MSA') for preparation for multielement ICP and gold by x-ray photon analysis. A total of 252 core samples and an additional 20 quality control samples were submitted in one batch in early October 2022.
At MSA, the entire sample was dried and crushed to 70% passing -2mm and 1 kg is split off (code CRU-220). A 500g riffle split of -2mm material was then forwarded to MSA's lab in Val d'Or, Quebec for gold assay by photon activation using Chrysos PhotonAssayTM (CPA-Au1), The remainder of the coarse crush was pulverized and a 0.25g split used for multi-element analysis using MSA's ICP-230 package, which includes 4-acid digestion and ICP-AES finish. MSA meets all requirements of International Standards ISO/IEC 17025:2005 and ISO 9001:2015.
Analytical accuracy and precision were monitored by the analysis of field-inserted blanks, certified reference material ('CRM'), pulps for multi-element ICP and coarse crush for PA), and duplicate (coarse reject) samples. Wealth inserted blind CRM pulps, purchased from OREAS, at regular intervals (1 in 20) into the sample sequence by field personnel to independently assess analytical accuracy of assays; in addition, the lab inserted 1:20, 500g tubs of PA-certified CRMs as instructed by Gelum. Empty sample bags were inserted at 1:20 intervals in the sample stream for the lab to fill with coarse crush (-2mm) material, as a duplicate of the previous sample. Blanks prepared by Gelum, comprising commercial landscape rock, were inserted during the cutting/sampling phase at a ratio 1:40.
In the QA/QC review of gold results, the 12 inserted CRMs closely matched the certified gold grade of the CRM. The duplicates' gold precision ranged from 11 to 49%, which is acceptable as the grades were all
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