Category: Exploration Results
Vancouver, Canada, May 10, 2017, Medgold Resources Corp. (TSX-V: MED) (the “Company” or “Medgold”) is pleased to announce that preminary results have been received for the first six lines of an 18 line ground induced polarization & resistivity geophysical survey at the Tlamino Project in southeastern Serbia. The survey results appear to show a significant chargeability anomaly, consistent over several hundred metres, close to surface and coincident with historical drilled mineralization at the Liska occurrence. The survey is ongoing and the anomaly appears to be flat-lying and trending towards the[…]
Written by Medgold Resources on May 10, 2017
Vancouver, Canada, May 1, 2017, Medgold Resources Corp. (TSX-V: MED) (the “Company” or “Medgold”) is pleased to announce that the Company has selected a drilling contractor for a planned diamond drill program at the Tlamino project in Serbia. Drilling is scheduled to start at the end of July. A ground IP-resistivity geophysical survey is currently underway to outline potential anomalies for drill testing. Dan James, President of Medgold, commented: “We are very pleased at the rapid progress we’ve made at the Tlamino Project which has built on the high-grade gold-silver[…]
Written by Medgold Resources on May 1, 2017
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[…]
Written by Medgold Resources on January 9, 2017
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[…]
Written by Medgold Resources on November 3, 2016
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,[…]
Written by Medgold Resources on September 1, 2016
