News

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[…]

Vancouver, Canada, January 7, 2021 – Medgold Resources Corp. (TSX-V: MED|FRA: 1XD) is pleased to announce that it has entered into a definitive Option Agreement (the “Agreement”) with Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) (“Fortuna”) to acquire Fortuna’s 51% interest in the Tlamino Project, located in Serbia (the “Project”). The terms of the Agreement provide Medgold with an exclusive option (the “Option”) to purchase Fortuna’s 51% interest in the Project for a cash consideration of US$ 3.468 million. The Option is valid for three years and is exercisable[…]

Vancouver, Canada, October 28, 2020 – Medgold Resources Corp. (TSX-V: MED|FRA: 1XD) is pleased to announce the completion of metallurgical test work from the Barje Prospect, within the Tlamino Project in southern Serbia. Highlights of this work are as follows: Conventional flotation has produced a concentrate grading 48.9 g/t Au and 824 g/t Ag with recoveries to concentrate of 83.4 % for gold and 82.4% for silver from a composite sample representing the main hydrothermal breccias; this material type hosts approximately 72% of the total gold inventory reported in the[…]

Vancouver, Canada, August 5, 2020 – Medgold Resources Corp. (TSX-V: MED|FRA: 1XD) is pleased to announce the initiation of a Preliminary Economic Assessment (the “PEA”) in respect to the Barje Prospect within the Tlamino Project (the “Project” or “Tlamino”) in southern Serbia. The purpose of this study will be to constrain the self-standing economics of the Project, and most particularly its capacity to yield a marketable metal concentrate, to which end a program of metallurgical test work will be completed. Addison Mining Services Ltd. and Bara Consulting Ltd., both of[…]

Vancouver, Canada, July 16, 2020 – Medgold Resources Corp. (TSX-V: MED) is pleased to report that it has closed its previously announced private placement financing with the issuance of 40 million units at $0.05 per unit, for gross proceeds of $2 million, which included the sale of $850,000 worth of Units to a group of strategic investors led by Palisades Goldcorp Ltd.  Each unit consists of one common share and one warrant entitling the holder to purchase one additional common share of the Company at $0.10 for three years from[…]