Medgold Secures Exclusive Option on two Portuguese Gold Exploration Licenses Identifying Significant Potential

VANCOUVER, Feb. 5, 2013 /CNW/ – Medgold Resources Corp. (TSX-V: MED), the European focused gold exploration company, is pleased to announce that it has secured the exclusive option on two highly prospective Portuguese exploration licenses, Boticas and Vila de Rei, through the Direção-Geral de Energia e Geologia (DGEG) of Portugal. Overview Boticas and Vila de Rei cover 100 sq km and 300 sq km respectively. Previous drilling at Boticas reported results including 40.2m at 1.96 g/t Au, including 20.4m at 2.92 g/t Au, and surface sampling has yielded results up[…]

Written by on February 5, 2013

Medgold acquires a third gold exploration licence in Tuscany

VANCOUVER, Jan. 22, 2013 /CNW/ – Medgold Resources Corp. (TSX-V: MED), the European focused gold exploration company, is pleased to announce the successful issuance of the Grasceta gold exploration licence, located in southern Tuscany, Italy. The acquisition of the 8 square kilometre Grasceta licence, which adjoins the Company’s Frassine licence, is part of the Company’s strategy to build a portfolio of European gold projects with potential to host multi-million ounce deposits. Medgold has commenced exploration in the area with field crews undertaking detailed mapping, grid-rock sampling and channel-chip sampling. Results[…]

Written by on January 22, 2013