Year: 2016

Vancouver, Canada, July 25, 2016, Medgold Resources Corp. (TSX-V: MED) announces that the TSX Venture Exchange has conditionally approved the issuance of 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). The shares will be issued in installments over a one-year period commencing as of January 1, 2016. The first installment of 150,000 shares has been issued to Mr. James for services rendered during the six months ended June 30,[…]

Vancouver, Canada, July 11, 2016, Medgold Resources Corp. (TSX-V: MED) (the “Company” or “Medgold”) is pleased to announce that it has entered into an option agreement to acquire up to a 100% interest in the Marrancos Project (the “Project”) located in northern Portugal. As part of its due diligence, Medgold recently completed a reconnaissance-level rock-chip sampling program. Out of 22 rock chip samples collected from across the Project license area, 14 assayed greater than 1 g/t Au. On the primary Marrancos target area, four samples were collected from both float and[…]

Vancouver, Canada, July 6, 2016, Medgold Resources Corp. (TSX-V: MED) (the “Company” or “Medgold”) is pleased to announce that it has received formal approval for the proposed diamond drilling program at the Limarinho Zone at the Boticas Gold Project. Medgold is planning a 2,500m diamond drilling program, expected to commence in mid-July, targeting a gold-bearing sheeted orogenic vein system. Energold Drilling Corp. have been selected as drill contractors to complete the initial drilling program using man-portable drill rigs. Dan James, President of Medgold, said: “We are very pleased to have[…]

Vancouver, Canada, June 29, 2016, Medgold Resources Corp. (TSX-V: MED) announces that it has granted incentive stock options to its directors, officers, employees and consultants to purchase up to a total of 2,580,000 shares of Medgold exercisable for ten years at a price of $0.15 per share. About Medgold Medgold is a European-focused, TSX-V listed exploration and development company targeting gold properties in northwest Iberia and the under-explored gold provinces of southern Europe. Run by a highly experienced management team with a successful track record of building value in resource companies,[…]

Vancouver, Canada, June 21, 2016, Medgold Resources Corp. (TSX-V: MED) is pleased to advise that it has closed its previously announced non-brokered private placement financing with the issuance to Fortuna Silver Mines Inc. of 10.0 million units at $0.15 per unit, for proceeds of $1.5 million. Each unit consists of one common share of Medgold and one warrant entitling Fortuna to purchase one additional common share of Medgold at $0.15 for one year from closing. The common shares and warrants issued are subject to a resale restriction until October 18,[…]