Category: Exploration Results
Vancouver, Canada, July 20, 2015, Medgold Resources Corp. (TSX-V: MED) (the “Company”) announces that its agreement signed in March 2015 with Koza Ltd., whereby Medgold agreed to grant Koza an option to acquire up to a 75-per-cent interest in Medgold’s Boticas gold project in northern Portugal and Koza agreed to complete a $1.5 million equity financing in Medgold, has been terminated by mutual agreement as a result of a disagreement over the timing of the equity investment by Koza in Medgold. Simon Ridgway, the Chairman of Medgold, said: “It is[…]
Written by Medgold Resources on July 20, 2015
Vancouver, Canada, July 2, 2015, Medgold Resources Corp. (TSX-V: MED) (the “Company” or “Medgold”) is pleased to provide an update on the on-going diamond drilling program at the Lagares gold project in northern Portugal. To date, a total of 1,192 metres have been drilled in 12 holes of a 3,000 metre program. The Company has granted Centerra Gold Inc. (“Centerra”) the option to earn a 51% interest in the project by spending US$3 million over 3 years, and then the right to earn an additional 19% by spending a further[…]
Written by Medgold Resources on July 2, 2015
Vancouver, Canada, December 9, 2014, Medgold Resources Corp. (TSX-V: MED), the European-focused gold exploration company, is pleased to announce that it has granted to Centerra Gold Inc. (TSX: CG) the option to acquire up to 70% of the Lagares, Balazar, Castelo de Paiva and Valongo licences in northern Portugal (collectively the “Valongo Belt Property”). Dan James, the President of Medgold, said, “The signing of the Option Agreement with Centerra is a significant milestone for the Company providing funding security for the project without immediate equity dilution and allowing us to plan[…]
Written by Medgold Resources on December 9, 2014
Vancouver, Canada, 2nd December, 2014, Medgold Resources Corp. (TSX-V: MED), the European-focused gold exploration company, is pleased to announce high-grade gold results over broad contiguous intersections from a recent channel sampling program at the Lagares Gold Project in northern Portugal. Channel-Chip Sampling Highlights Management is extremely encouraged by the first round of channel sampling with 8 of 9 channels returning significant, broad widths of gold mineralization. Highlights of the results include: 69.00 m @ 4.15 g/t Au 40.70 m @ 5.73 g/t Au, including 5.20 m @ 15.50 g/t Au 15.50[…]
Written by Medgold Resources on December 2, 2014
Vancouver, Canada, September 24, 2014, Medgold Resources Corp. (TSX-V: MED), the European-focused gold exploration company, is pleased to announce new high-grade gold results for its Ponte da Barca gold project in northern Portugal. Recent work has identified a mineralized structure outcropping over a strike length of 400 m with rock-chip sample results ranging from trace up to 35.3g/t, 25.0g/t and 20.7 g/t Au. The high-grade results are from the main Coto de Cruz prospect, which is located in the east of the Ponte da Barca licence, and are from an[…]
Written by Medgold Resources on September 24, 2014
