Newsfile Corp
19 May 2026, 16:52 UTC · 2d ago
Source · https://www.newsfilecorp.com/release/297991/Gelum-Completes-Initial-Reconnaisance-and-Sampling-of-Las-Tinajas-Gold-Project-Northern-Maricunga-Belt-Chile
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Gelum Resources completed its 60-day due diligence and may earn 100% interest in the Las Tinajas Gold Project in Chile. — Acquiring full interest in a potential bulk-tonnage asset is a primary driver for a junior explorer's valuation.
+0.50Recent rock sampling at the SE Anomaly returned one high-grade hit of 6.68g/t Au over 5 meters. — High-grade surface samples provide positive validation of mineralization, though they are limited in scope.
+0.30Sampling at the SE Anomaly revealed anomalous copper and molybdenum values, suggesting the presence of a porphyry copper system. — Diversifying the project's potential from pure gold to a gold-copper system increases the overall asset value and appeal.
+0.20Continuous chip sampling at the NE Target returned a low grade of 0.22 g/t Au over 80 metres, though historical drilling shows higher grades at depth. — Low surface grades are slightly negative, but the indication of better grades at depth maintains the project's viability.
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The company successfully completed due diligence and reports promising results from reconnaissance mapping and sampling at the Las Tinajas project.
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