RSS FeedWelcome to Gleichen Resources Ltd.
Gleichen Resources Ltd. is a well funded, growth oriented Canadian mining company engaged in the exploration and development of precious metal resources with a focus on gold. It owns 100% of the Morelos Gold Project, an advanced stage gold exploration property, located 180km southwest of Mexico City.The Morelos Gold Project is only a four hour drive from Mexico City by paved roads. It is easily accessible and located near established centres of supply for materials and workers. Power for any mining operation would be available from a 115kV line that crosses over the Project and water for process and potable use could be sourced from nearby wells. The Project current NI-43 101 compliant resource estimate stands at 3.9 million ounces of gold in the measured and indicated category plus an additional 900,000 ounces of gold in the inferred category.
With a management team now in place, 100% ownership of a solid gold Project with superb exploration upside and a strong balance sheet, the Company is committed to significantly increase the current resource base through an aggressive exploration program, while at the same time, advance the Morelos Gold Project into its latter stages of development.
The Company trades on the Toronto Stock Exchange under the symbol GRL. The Company's Board of Directors has approved a change of the Company's name to Torex Gold Resources Inc., pending approval at its next annual and special meeting of shareholders.
Recent Updates
- March 01, 2010
- March 01, 2010
- February 24, 2010