Medgold Completes First Phase Drilling at Boticas Gold Project, Portugal
Vancouver, Canada, December 21, 2016, Medgold Resources Corp. (TSX-V: MED) (the “Company” or “Medgold”) is pleased to announce that it has completed its first phase drill program at the Boticas Gold Project. Drill hole assay results have been received for 1,365 m of the completed 2,516 m program. Highlights from these initial eight drill holes included the following intercepts: MBT001: 49.13 m @ 1.43 g/t Au, from 20.87 m MBT002: 14.60 m @ 1.13 g/t Au, from 85.60 m MBT003: 7.90 m @ 3.40 g/t Au, from 107.00 m MBT005: 20.70[…]
Medgold is Granted Five Exploration Licences in Serbia
Vancouver, Canada, November 3, 2016, Medgold Resources Corp. (TSX-V: MED) (the “Company” or “Medgold”) is pleased to announce that it has been granted five exploration licences for precious and base metal mineralization in the Republic of Serbia. A block of three contiguous licences totalling 300 km2 is located in the southeast of the country, bordering Macedonia and Bulgaria. Two licences, each of 100 km2, are located approximately 50 km to the north of the southern licence block. A licence location map can be found on Medgold’s website. Exploration activities on[…]
Medgold Issues Shares for Services
Vancouver, Canada, October 17, 2016, Medgold Resources Corp. (TSX-V: MED) (the “Company”) announces that in accordance with the Company’s agreement to issue up to 300,000 common shares of the Company to Dan James in part consideration for his ongoing services as the Company’s President (see Medgold news release July 11, 2016), an installment of 75,000 shares has been issued to Mr. James for services rendered during the three months ended September 30, 2016. The shares have a resale restriction which expires on February 12, 2017. About Medgold Medgold is a[…]
Medgold Samples 12.55 m at 3.28 g/t Au at the Marrancos Project, and is Granted the Caramulo Licence, Portugal
Vancouver, Canada, September 1, 2016, Medgold Resources Corp. (TSX-V: MED) (the “Company” or “Medgold”) is pleased to announce new sampling results from the Marrancos project in northern Portugal. A series of contiguous chip-channel samples, testing a set of quartz lenses over an exposed width of approximately 50 m, has returned best intercepts of 12.55 m at 3.28 g/t Au (including 5.40 m at 6.88 g/t Au), and 12.98 m at 2.71 g/t Au. The channel sampling is sub-parallel to the main northeast-trending shear zone, but nearly perpendicular to individual quartz lenses,[…]
Drilling Commences at Medgold’s Boticas Gold Project, Portugal
Vancouver, Canada, August 24, 2016, Medgold Resources Corp. (TSX-V: MED) (the “Company” or “Medgold”) is pleased to announce that drilling has started at the Boticas Gold Project in Portugal. Medgold is planning a 15 hole 2,500m diamond drilling program, targeting a medium-grade sheeted vein system. The first drill hole is designed to test grade continuity below a contiguous Medgold channel-chip result of 3.98 g/t Au over 14.10m. Dan James, President of Medgold, said: “We are very pleased to start drilling at Boticas. Our program will aim to confirm the historical drilling[…]