News

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Vancouver, Canada, August 7, 2015, Medgold Resources Corp. (TSX-V: MED) (the “Company”) is pleased to announce that it proposes to arrange, subject to TSX Venture Exchange approval, a non-brokered private placement financing of up to 5.0 million units at $0.10 per unit, for proceeds of up to $500,000. Each unit will consist of one common share and one warrant entitling the holder to purchase one additional common share of the Company at $0.15 for two[…]

Vancouver, Canada, July 27, 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 1,788 metres have been drilled in 19 holes of a planned 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 along with the right to earn an additional 19% by spending a[…]

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[…]

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[…]

Vancouver, Canada, July 6, 2015, Medgold Resources Corp. (TSX-V: MED) (the “Company”) announces that in accordance with the Company’s agreement to issue up to 435,520 common shares of the Company to Dan James in part consideration for his ongoing services as the Company’s President (see Medgold news release February 19, 2015), the second installment of 108,880 shares has been issued to Mr. James for services rendered during the three months ended June 30, 2015. The shares have a resale restriction which expires on November 1, 2015. About Medgold Medgold is[…]