News

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Sept. 16, 2013) – Medgold Resources Corp. (TSX VENTURE:MED) is pleased to announce that it has arranged, subject to TSX Venture Exchange approval, a non-brokered private placement financing of up to 20 million units at $0.06 per unit, for proceeds of up to $1.2 million. Each unit will consist of one common share and one-half of a warrant. Each whole warrant will entitle the holder to purchase one additional common share of the Company at $0.10 for one year from closing. The Company may pay finder’s[…]

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Sept. 13, 2013) – Medgold Resources Corp. (TSX VENTURE:MED) announces that its Board of Directors has determined that it is in the best interests of the Company to amend the exercise price of private placement warrants issued earlier this year. Accordingly, subject to TSX Venture Exchange acceptance, the exercise price of outstanding warrants entitling the holders to purchase a total of 6,500,000 shares has been reduced from $0.15 per share to $0.06 per share. The expiry date of these warrants remain unchanged. If, however, at any[…]

VANCOUVER, CANADA–(Marketwired – Sept. 9, 2013) – Medgold Resources Corp. (TSX VENTURE:MED), the European focused gold exploration company, is pleased to announce that recent sampling at its wholly-owned Boticas project has identified a significant new zone of gold mineralization called Limarinho South. Recent sampling at the new zone returned sample results from 0.05 g/t Au up to 6.55 g/t Au in 14 rock samples. Selective grab samples gave grades of 6.55 g/t, 4.98 g/t and 0.15 g/t Au, and a channel-chip sample yielded a length-weighted average of 10.8m at 1.01[…]

Vancouver, Canada, August 1, 2013, Medgold Resources Corp. (TSX-V: MED), the European focused gold exploration company, is pleased to announce that it has been awarded the Boticas exploration licence in northern Portugal by the Direção-Geral de Energia e Geologia (DGEG) of Portugal. Dan James, the President of the Company, commented: “We’re delighted that the Boticas licence has been awarded and I would like to thank the DGEG and the Portuguese government for their continued support. We now plan to fast-track the project to resource definition using the wealth of historical[…]

Vancouver, Canada, May 23, 2013, Medgold Resources Corp. (TSX-V: MED), the European focused gold exploration company, is pleased to report excellent first-pass sampling results from recent work at its wholly-owned Vila de Rei gold project in central Portugal. The project covers 40 line km of a regional structure which is known to contain multiple gold-bearing zones. Preliminary exploration at the Pampilhal prospect has outlined highly anomalous gold mineralisation associated with silicification over a 2.4 km by 1.3 km area, including over 2.8 km combined strike length of linear, structurally-controlled gold-bearing[…]