Chile Gold-Copper Explorer Uncovers New Targets at Las Tinajas

Source: Streetwise Reports 08/12/2026

Gelum Resources advances sampling and geophysics at its Chile gold-copper project in the Maricunga Belt, revealing fresh anomalies and setting up drill targets for a maiden resource.

Precious metals investors continue to monitor exploration activity across South America’s key gold-copper districts as prices hold above multi-year averages. The Maricunga Belt in northern Chile remains one of the most prospective regions for large-scale discoveries, drawing attention to companies actively expanding their land positions and datasets.

Why Gelum Resources Stands Out in a Competitive Belt

Gelum Resources Ltd. (GMR:CSE; GMRCF:OTCQB) is executing a systematic exploration program at its 2,600-hectare Las Tinajas project, located about 120 km northeast of Copiapo in the Atacama Region. Recent work has identified additional gold-copper targets beneath thin cover, expanding the footprint of known mineralization.

Key Investor Takeaways

• 403 new rock samples have been collected across the eastern half of the property, extending known anomalies at both NE and SE zones.
• NE Breccia surface results include 70 m at 0.17 g/t Au, while historical drilling returned 84 m at 0.96 g/t Au, indicating stronger grades at depth.
• SE Anomaly now extended 200 m further south for copper and 90 m for molybdenum, supporting porphyry copper potential.
• Property-wide VIP-MT geophysical survey is 50 percent complete, with electrodes installed on the east side.
• Planned drilling aims to support a maiden NI 43-101 resource targeting 2 to 3 million ounces of gold or an underlying porphyry copper system.

Project Scale and Recent Sampling Results

On August 11, 2026, Gelum Resources announced the completion of additional rock geochemistry sampling at its Las Tinajas gold project. The company collected 403 new samples focused on the NE and SE target zones. At the NE Breccia, five-meter sampling along a road cut returned 70 m at 0.17 g/t Au. Historical drilling in the same area reached 84 m at 0.96 g/t Au, suggesting mineralization strengthens with depth and may support blind discoveries beneath weaker surface expressions.

At the SE Anomaly, sampling extended previous intervals and added reconnaissance chips from argillic altered outcrops to the south. The dacite porphyry plug returned highly anomalous copper and molybdenum values, extending copper anomalies 200 m further south and molybdenum values 90 m further south. These results point to possible porphyry copper mineralization at depth.

Industry Timing and Gold Market Context

Gold prices have remained elevated despite volatility, trading around US$4,385 per ounce as of August 11, 2026, according to Trading Economics. Prices are still up 31% from August 2025 levels. Gold.org notes that catalysts such as lower interest-rate expectations or renewed geopolitical tension could push prices toward US$4,500 per ounce or higher. The broader metals sector is also forecast to rise, with the World Bank Group projecting a 17 percent increase in global metals prices for 2026.

Geophysical Survey and Upcoming Catalysts

Gelum has completed further surface sampling at Las Tinajas, while its property-wide geophysical survey is now approximately 50% complete. Upcoming catalysts include completion and interpretation of the geophysical program, followed by drilling targeting the northwest and northeast extensions of the silicic, sulphide-bearing diatreme breccias and secondary blind mineralization in reactive sedimentary rocks. The planned drilling is intended to support a maiden NI 43-101 mineral resource estimate, with Gelum targeting 2–3 million ounces of gold in the Measured and Indicated categories and/or an underlying porphyry copper system. Preliminary metallurgical characterization is also planned to establish basic recovery parameters.

Analyst Perspective and Technical Outlook

¹Technical analyst Stewart Thomson highlighted Gelum’s outperformance relative to the CDNX index in July 2026. He noted bullish indicators, including a potential inverse head-and-shoulders pattern, rising volume in the right shoulder, surging Money Flow Index and On Balance Volume, and a strong rising RSI trend. Thomson assigned short-term, medium-term, and long-term price targets of CA$1.25, CA$2.50, and CA$4.00, respectively, rating the stock a Speculative Buy.

Share Structure and Ownership

Gelum Resources Ltd. has a market cap of CA$29.93 million, with 33.62 million shares outstanding. The 52-week range is CA$0.10-CA$0.95. ²Institutions hold 14.84 percent, Management and Insiders hold 21.62 percent, and Retail investors hold the remaining 63.54 percent. [OWNERSHIP_CHART-11601]

Only a small portion of the property has seen drilling since 1986, leaving substantial room for new discoveries as the geophysical data is integrated with surface results. CEO Henk van Alphen emphasized the high correlation historically observed between soil anomalies and subsurface mineralization at the project.

Common Questions from Investors

Q: What is rock chip sampling?
A: Rock chip sampling collects small pieces of surface rock from outcrops or road cuts for laboratory analysis to detect elevated metal concentrations and prioritize drill targets.

Q: What does a geochemical anomaly indicate?
A: A geochemical anomaly shows unusually high concentrations of metals such as gold, copper, or molybdenum relative to background levels, helping explorers identify areas for further investigation.

Q: What is blind mineralization?
A: Blind mineralization lies beneath barren or weakly mineralized rock and cannot be detected by surface sampling alone; geophysical surveys and drilling are used to locate it.

Q: Why target both gold and porphyry copper at Las Tinajas?
A: The project shows evidence of epithermal gold systems overlying potential deeper porphyry copper mineralization, offering multiple value drivers within one land package.

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Important Disclosures:

1. Gelum Resources Ltd. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship.
2. As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Gelum Resources Ltd.
3. Jordan Nova wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
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1. Disclosure for the quote from the Stewart Thomson article published on July 6, 2026 For the quoted article (published on July 6, 2026), Gelum Resources Ltd. has paid Street Smart, an affiliate of Streetwise Reports, US$3,500. Author Certification and Compensation: Stewart Thomson was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Thomson is a retired Canadian financial advisor who has passed the Canadian Securities Course as well as additional technical analysis courses that were mandated by his former employer and approved by Ontario regulatory bodies. For the past 15 years, he has been editing and writing numerous financial newsletters that have a strong focus on charts. The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.

2. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

( Companies Mentioned: GMR:CSE; GMRCF:OTCQB, )

Source: https://www.streetwisereports.com/article/2026/08/12/chile-gold-copper-explorer-uncovers-new-targets-at-las-tinajas.html