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[…]
Medgold Issues Shares for Services
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,[…]
Medgold Options the Marrancos Project, Portugal; Arranges Shares for Services
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[…]