Medgold acquires full ownership of the Tlamino Project, Serbia

Vancouver, Canada, July 25, 2022 – Medgold Resources Corp. (TSX-V: MED|FRA: 1XD) is pleased to announce that it has entered into two definitive agreements with Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) (“Fortuna”), to acquire Fortuna’s 51% interest (the “Interest”) in the Tlamino Project, located in Serbia (the “Project”). The first such agreement terminates the Option Agreement (the “Option”) entered into between the parties on December 15, 2020 that provided for Medgold to acquire the Interest for a cash consideration of US$ 3.468 million (news release, January 7, 2021)[…]

Written by on July 25, 2022

Medgold Resources provides update on proposed sale of Tlamino Project, Serbia

Vancouver, Canada, November 26, 2021 – Medgold Resources Corp. (TSX-V: MED), (“Medgold”, the “Company”) reports on the status of the previously announced proposed sale of the Company’s Tlamino Project to  MetalsTech Limited. MetalsTech has advised the Company that it will not be exercising its option to acquire the Project.  As a result, the agreement between the parties has terminated. Management of the Company is  reviewing  a number of alternate strategic options in regard to the Tlamino Project,  and continues its search for new precious and base metal projects for potential[…]

Written by on November 26, 2021

Medgold Resources announces Option Agreement to sell Tlamino Project, Serbia

Vancouver, Canada, November 3, 2021 – Medgold Resources Corp. (TSX-V: MED), (“Medgold”, the “Company”) is pleased to announce that it has entered into a binding option agreement (the “Agreement”) with MetalsTech Limited (ASX: MTC), (“MetalsTech”) in regard to the sale of the Company’s interest in the Tlamino Project in Serbia. Under the terms of the Agreement, Medgold has granted MetalsTech an exclusive option (the “Option”) to acquire a 100% interest in the Tlamino Project for a total consideration of A$3,000,000 in cash (the “Acquisition”). The Option is exercisable by MetalsTech[…]

Written by on November 3, 2021

Medgold Announces Board Changes, Cancellation and Award of Stock Options

Vancouver, Canada, March 2, 2021 – Medgold Resources Corp. (TSX-V: MED|FRA: 1XD) announces that Mr. Simon Ridgway has resigned as Executive Chairman and as a Director of Medgold in order to pursue other business interests. Mr. Ridgway is recognized and warmly thanked for his foundational role in the establishment of Medgold, and for his strategic leadership of the Company through its acquisition, financing and advancement of property assets in both Serbia and Portugal. Medgold wishes him well in his ongoing ventures. Medgold also announces the appointment of Mr. Andrei Kroupnik[…]

Written by on March 2, 2021

Medgold Announces Highly Positive Preliminary Economic Assessment for the Tlamino Project, Serbia: pre-tax NPV8% of US$ 101 million and pre-tax IRR of 49%

Vancouver, Canada, January 26, 2021 – Medgold Resources Corp. (TSX-V: MED|FRA: 1XD) is pleased to announce the completion of a positive Preliminary Economic Assessment (“PEA”) for the Barje gold deposit at its Tlamino Project, Serbia (“Barje”, “Tlamino”, the “Project”). The highlights of the PEA are as follows: Based on simple open-pit mining methods and the production of a flotation concentrate via conventional processing techniques, the pre-tax NPV of the Project, at a discount rate of 8%, is US$101M, its IRR 49%, and its operating margin 61%. The up-front capital cost[…]

Written by on January 26, 2021