Author: Medgold Resources

Vancouver, Canada, February 9, 2017, Medgold Resources Corp. (TSX-V: MED) (the “Company” or “Medgold”) is pleased to announce that Fortuna Silver Mines Inc. (NYSE: FSM; TSX: FVI) (“Fortuna”) has completed its warrant exercise by purchasing 10m shares of Medgold at CAD $0.15 each, for total proceeds of CAD $1.5 million. Fortuna now owns 23.97% of Medgold shares. Medgold will use the proceeds to extend the Strategic Alliance in Serbia for a further 12 months with 80% of the proceeds being used for country-wide target generative exploration and the balance for[…]

Vancouver, Canada, January 9, 2017, Medgold Resources Corp. (TSX-V: MED) (the “Company” or “Medgold”) is pleased to announce that Fortuna Silver Mines Inc. (TSX: FVI) (“Fortuna”) has elected to exercise its common share purchase warrants for total proceeds to Medgold of CAD $1.5 million. As a result of the warrant exercise, Medgold and Fortuna will extend their Strategic Alliance for a further 12 months and Medgold has granted Fortuna the right to option a second project. Upon exercise of the warrants, Fortuna will own 24.2% of Medgold shares. Medgold is[…]

Vancouver, Canada, January 4, 2017; 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), a final installment of 75,000 shares has been issued to Mr. James for services rendered during the three months ended December 31, 2016. The shares have a resale restriction which expires on May 1, 2017. About Medgold Medgold is a[…]

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[…]

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[…]