Category: Exploration Results
Vancouver, Canada, February 22, 2016, Medgold Resources Corp. (TSX-V: MED) (the “Company” or “Medgold”) is pleased to announce that recent exploration of a new prospect called Guimarei on the Valongo licence in northern Portugal, has identified anomalous gold in rocks outcropping over a 3 km strike length. Assay results from rock chip sampling range from trace gold to highlights of 7.80 g/t Au, 4.84 g/t Au and 2.53 g/t Au. Dan James, President of Medgold, said: “Guimarei is a brand new gold discovery by Medgold. We’ve picked up gold mineralization[…]
Written by Medgold Resources on February 22, 2016
Vancouver, Canada, January 20, 2016, Medgold Resources Corp. (TSX-V: MED) (the “Company” or “Medgold”) is pleased to announce it has established a wholly-owned subsidiary in the Republic of Serbia, and has subsequently applied for a 100 sq. km exploration licence targeting newly identified epithermal-porphyry mineralization in the country. Dan James, the President of Medgold, said: “We’re excited to establish ourselves in Serbia which has a long and rich history and culture of mining. The country has a tremendous metal endowment and Serbia’s mining industry enjoys high-level government support. Our decision[…]
Written by Medgold Resources on January 20, 2016
Vancouver, Canada, September 28, 2015, Medgold Resources Corp. (TSX-V: MED) (the “Company” or “Medgold”) is pleased to announce that the second phase of drilling at the Lagares project in northern Portugal, targeting the Serra da Quinta prospect, is now complete. The drilling cut multiple zones of intense mineralization, including a best interval of 13.77 metres at 2.03 g/t Au. Centerra Gold Inc. (“Centerra”) has an option to earn a 51% interest in the project by spending US$3 million over 3 years at Lagares, and can earn an additional 19% by[…]
Written by Medgold Resources on September 28, 2015
Vancouver, Canada, September 8, 2015, Medgold Resources Corp. (TSX-V: MED) (the “Company” or “Medgold”) is pleased to provide an exploration update from the Boticas gold project. Recent reconnaissance rock-chip sampling, exploring areas outside of the main Limarinho Zone, has yielded results of 71.9 g/t Au, 45.0 g/t Au and 22.4 g/t Au from the newly identified Casas Novas and Leiranco zones, from a total of 28 samples. Medgold has also recently been granted the Chaves exploration licence which completely envelops the Boticas licence, creating a total combined ground holding of[…]
Written by Medgold Resources on September 8, 2015
Vancouver, Canada, July 21, 2015, Medgold Resources Corp. (TSX-V: MED) (the “Company” or “Medgold”) is pleased to provide an exploration update at the Boticas gold project. Recent sampling and geophysical work has increased the size of the main gold anomaly at the Limarinho zone. This work has also identified a new zone of mineralization, called Casas Novas, exhibiting similar characteristics to Limarinho. Dan James, President of Medgold, said, “The Boticas story is advancing extremely well and we’re very happy with the progress. We have achieved our goal of increasing the[…]
Written by Medgold Resources on July 21, 2015
