Medgold Announces Positive Metallurgical Results for Barje Prospect, Receives New Exploration Licenses for the Tlamino Project, Serbia

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[…]

Medgold Initiates Preliminary Economic Assessment for the Tlamino Project, Serbia

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[…]

Medgold Resources completes $2 million private placement

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[…]

Medgold announces letter of intent with Fortuna Silver Mines to consolidate ownership of the Tlamino Project, Serbia

Vancouver, Canada, June 18, 2020 – Medgold Resources Corp. (TSX-V: MED|FRA: 1XD) is pleased to announce that it has entered into a non-binding Letter of Intent (the “Letter”) 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”). Under the terms of the Letter, Medgold has secured 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[…]

Medgold provides update on financial statement filing deadline extension

Vancouver, Canada, May 29, 2020 – Medgold Resources Corp. (TSX-V: MED|FRA: 1XD) announces that further to its news release of April 28, 2020, the Company is continuing to rely on the extension provided by the securities regulators as a result of the COVID-19 pandemic regarding the deadline for filing and delivering its audited financial statements and MD&A for the fiscal year ended December 31, 2019.  Accordingly, the Company will file such financials no later than the extended deadline of June 15, 2020. Medgold also confirms that due to the delay[…]