News

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,[…]

Vancouver, Canada, August 24, 2016, Medgold Resources Corp. (TSX-V: MED) (the “Company” or “Medgold”) is pleased to announce that drilling has started at the Boticas Gold Project in Portugal. Medgold is planning a 15 hole 2,500m diamond drilling program, targeting a medium-grade sheeted vein system. The first drill hole is designed to test grade continuity below a contiguous Medgold channel-chip result of 3.98 g/t Au over 14.10m. Dan James, President of Medgold, said: “We are very pleased to start drilling at Boticas. Our program will aim to confirm the historical drilling[…]

Vancouver, Canada, July 25, 2016, Medgold Resources Corp. (TSX-V: MED) announces that the TSX Venture Exchange has conditionally approved the issuance of up to 300,000 common shares of the Company to Dan James in part consideration for his ongoing services as the Company’s President (see Medgold news release July 11, 2016). The shares will be issued in installments over a one-year period commencing as of January 1, 2016. The first installment of 150,000 shares has been issued to Mr. James for services rendered during the six months ended June 30,[…]

Vancouver, Canada, July 11, 2016, Medgold Resources Corp. (TSX-V: MED) (the “Company” or “Medgold”) is pleased to announce that it has entered into an option agreement to acquire up to a 100% interest in the Marrancos Project (the “Project”) located in northern Portugal. As part of its due diligence, Medgold recently completed a reconnaissance-level rock-chip sampling program. Out of 22 rock chip samples collected from across the Project license area, 14 assayed greater than 1 g/t Au. On the primary Marrancos target area, four samples were collected from both float and[…]

Vancouver, Canada, July 6, 2016, Medgold Resources Corp. (TSX-V: MED) (the “Company” or “Medgold”) is pleased to announce that it has received formal approval for the proposed diamond drilling program at the Limarinho Zone at the Boticas Gold Project. Medgold is planning a 2,500m diamond drilling program, expected to commence in mid-July, targeting a gold-bearing sheeted orogenic vein system. Energold Drilling Corp. have been selected as drill contractors to complete the initial drilling program using man-portable drill rigs. Dan James, President of Medgold, said: “We are very pleased to have[…]