Medgold extends channel results at Tlamino, returning 84 m at 5.6 g/t Au, and identifies large near-surface geophysical anomaly
Vancouver, Canada, July 18, 2017, Medgold Resources Corp. (TSX-V: MED) (the “Company” or “Medgold”) is pleased to announce that the recently completed Induced Polarization / Resistivity (IP-Res) geophysical study at the Tlamino Project, Serbia has identified a high chargeability anomaly which extends to the west of the Barje outcrop under cover for over 1 km. Furthermore, recent saw-cut channel sampling from Barje, with the objective of extending channel samples previously reported, has yielded a best intersection of 44 m at 3.1 g/t Au, which, when composited with the results of[…]
Medgold assays 40 m of 8.32 g/t Au and 193 g/t Ag from surface channel samples at the Tlamino Project, Serbia; Fortuna Silver Mines to increase its investment in Medgold
Vancouver, Canada, January 9, 2017, Medgold Resources Corp. (TSX-V: MED) (the “Company” or “Medgold”) is pleased to announce that Fortuna Silver Mines Inc. (TSX: FVI) (“Fortuna”) has elected to exercise its common share purchase warrants for total proceeds to Medgold of CAD $1.5 million. As a result of the warrant exercise, Medgold and Fortuna will extend their Strategic Alliance for a further 12 months and Medgold has granted Fortuna the right to option a second project. Upon exercise of the warrants, Fortuna will own 24.2% of Medgold shares. Medgold is[…]
Medgold Samples 12.55 m at 3.28 g/t Au at the Marrancos Project, and is Granted the Caramulo Licence, Portugal
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,[…]
Medgold identifies a new 3km zone of mineralization at Valongo
Vancouver, Canada, February 22, 2016, Medgold Resources Corp. (TSX-V: MED) (the “Company” or “Medgold”) is pleased to announce that recent exploration of a new prospect called Guimarei on the Valongo licence in northern Portugal, has identified anomalous gold in rocks outcropping over a 3 km strike length. Assay results from rock chip sampling range from trace gold to highlights of 7.80 g/t Au, 4.84 g/t Au and 2.53 g/t Au. Dan James, President of Medgold, said: “Guimarei is a brand new gold discovery by Medgold. We’ve picked up gold mineralization[…]
