Medgold Resources Corp. | is pleased to announce the completion of a positive Preliminary Economic Assessment for the Barje gold deposit at its Tlamino Project, Serbia . 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$101M, its IRR 49 [...]
Medgold Corp. is pleased to announce that it has entered into a definitive Option Agreement with Fortuna Silver Mines Inc. to acquire Fortuna’s 51% interest in the Tlamino Project, located in Serbia. The terms of the Agreement provide Medgold with an exclusive option to purchase Fortuna’s 51% interest in the Project for a cash consideration of US$ 3.468 million. The Option is valid for three years and is exercisable at [...]
Medgold Resources Corp. 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 [...]
Medgold Resources Corp. is pleased to announce the initiation of a Preliminary Economic Assessment in respect to the Barje Prospect within the Tlamino Project 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 [...]
Medgold Resources Corp. 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 [...]
Medgold Resources Corp. announces that it proposes, subject to stock exchange approval, to complete a non-brokered private placement financing of up to 40 million units at $0.05 per unit, for proceeds of up to $2 million. Each unit will consist of one common share and one full warrant, each warrant entitling the holder to purchase one additional common share of the Company at $0.10 for three years from closing. The [...]
Medgold Resources Corp. | is pleased to announce that it has entered into a non-binding Letter of Intent with Fortuna Silver Mines Inc. to acquire Fortuna's 51% interest in the Tlamino Project located in Serbia . Under the terms of the Letter, Medgold has secured an exclusive option to purchase Fortuna's 51% interest in the Project for a cash consideration of US$ 3.468 million. The Option is valid for three years and is [...]
Medgold Resources Corp. | 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 [...]
Medgold Resources Corp. | announces that it is relying 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. Until the financials are filed, the [...]
Medgold Resources Corp. is pleased to announce that it has entered into an exclusive Letter Agreement with Gecon EOOD with respect to an Exploration License application made by Gecon at Zlogosh , Kyustendil Oblast, western Bulgaria. The main mineralized targets at Zlogosh are situated approximately 40 kilometers by road from Medgold's Tlamino Project in Serbia, with which they appear to share considerable geological [...]
Medgold Resources Corp. is pleased to announce a maiden Mineral Resource Estimate for the Barje Prospect within the Tlamino Project in southern Serbia. An Inferred Mineral Resource containing approximately 680,000 oz AuEq in 7.1Mt grading 3.0 g/t AuEq at cut-off grade of 0.7 g/t AuEq is reported, and is presented in Table 1. Example cross-section and a block model view of the resource are given in Figure 1. This estimate [...]
Medgold Resources Corp. cordially invites you to visit us at Booth #831 at the Vancouver Resource Investment Conference to be held at the Vancouver Convention Centre West, 1055 Canada Place, Vancouver, on Sunday, January 19 and Monday, January 20, 2020. Medgold is a gold exploration company focused on the advancement of the Tlamino Project in Serbia. Drilling in 2018 and 2019 at the Barje Prospect has defined a [...]
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