Major Gold-Antimony Target Defined at Pietratonda, Italy
VANCOUVER, April 24, 2013 /CNW/ – Medgold Resources Corp. (TSXV: MED), the European focused gold exploration company, is pleased to announce results of recently completed exploration at its wholly-owned Pietratonda licence in the Colline Metallifere of Central Italy. HIGHLIGHTS A total of 273 rock samples collected (including QA-QC) Au-Sb anomaly defined over 600 by 200 metres Anomalism associated with inferred high-angle ‘feeder’ structure Mineralization typical of Carlin-style / sediment hosted Major drill target defined Dan James, President of Medgold, said, “The current work has outlined a large gold-antimony anomaly and[…]
Medgold Expands Portfolio with Three Gold Exploration Permits in Galicia, Spain
TSX-V: MED VANCOUVER, April 9, 2013 /CNW/ – Medgold Resources Corp. (TSX-V: MED), the European focused gold exploration company, is pleased to announce that it has now completed the application process and paid all relevant taxes for three contiguous gold exploration permits covering 79 square kilometres in southern Galicia, Spain, (the “Pinzas Gold Project”). The applications cover approximately 79 square kilometres of the highly prospective Galician Hercynican Massif. Licence issuance is expected in Q2 2013. Gold-bearing structure already identified over 14 strike km covering several licence areas. Rock chip sampling[…]
Medgold Issued Vila de Rei Gold Exploration Licence in Portugal
TSX-V: MED VANCOUVER, March 4, 2013 /CNW/ – Medgold Resources Corp. (TSX-V: MED), the European focused gold exploration company, is pleased to announce that it has been issued the highly prospective 300 square kilometer Vila de Rei gold exploration licence in central Portugal. Licence located in highly prospective central Portuguese region. High-grade rock grab samples, from trace up to 24.7 g/t Au. Over 40 km of structure identified already. Exploration work to commence immediately over key prospect areas. Acquisition marks further step in Medgold’s rapid expansion strategy. Dan James, President[…]
Medgold arranges $975,000 convertible debenture financing
TSX-V: MED VANCOUVER, Feb. 8, 2013 /CNW/ – Medgold Resources Corp. (TSX-V: MED), the European focused gold exploration company, is pleased to announce that it has arranged, subject to Exchange approval, a $975,000 non-brokered private placement financing of debentures which are convertible into 6,500,000 common shares of the Company at the rate of $0.15 per share. The debentures will bear interest at the rate of 8% per annum and are convertible into shares for a period of up to two years from closing of the financing. The debenture holders will[…]
Medgold Secures Exclusive Option on two Portuguese Gold Exploration Licenses Identifying Significant Potential
VANCOUVER, Feb. 5, 2013 /CNW/ – Medgold Resources Corp. (TSX-V: MED), the European focused gold exploration company, is pleased to announce that it has secured the exclusive option on two highly prospective Portuguese exploration licenses, Boticas and Vila de Rei, through the Direção-Geral de Energia e Geologia (DGEG) of Portugal. Overview Boticas and Vila de Rei cover 100 sq km and 300 sq km respectively. Previous drilling at Boticas reported results including 40.2m at 1.96 g/t Au, including 20.4m at 2.92 g/t Au, and surface sampling has yielded results up[…]