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Medgold Resources Corp.
Summary
| Project: | Tlamino | |
|---|---|---|
| Deposit: | Barje | |
| Location: | Serbia | |
| Commodities: | Gold-Silver | |
| Date: | 1/30/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-1-2020: Medgold Resources Corp. announces a Resource Estimation report for its Barje deposit at the Tlamino project. Initial mineral resource estimate for project. Vancouver, Canada, January 30, 2020 – Medgold Resources Corp. (TSX-V: MED|FRA: 1XD) is p | |
| Resources: | (Resource, Inf.): 7.1Mt @ 2.5g/t Au, 38g/t Ag | |
| CP/QP: | [Resources]: Richard Siddle (Addison Mining Services Ltd.) | |
| ABSTRACT: | Vancouver, Canada, January 30, 2020 – Medgold Resources Corp. (TSX-V: MED|FRA: 1XD) is pleased to announce a maiden Mineral Resource Estimate for the Barje Prospect within the Tlamino Project (the “Project” or “Tlamino”) 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 was prepared in accordance with National Instrument 43-101 (NI 43-101) and CIM Definition Standards by Addison Mining Services Ltd. of the United Kingdom. A Technical Report for the Project will be filed on www.sedar.com within 45 days. Medgold is also pleased to announce the initial results of metallurgical test work. Bulk rougher flotation tests were performed on two composite samples which, formed of 50.39 kg of core from the Company’s 2018 drilling program at the Barje prospect, yielded head grades of 2.04 g/t Au and 10.99 g/t Au and gold recoveries to concentrate of 88.2% and 90.5%, respectively. The same composite samples yielded silver head grades of 15.1 g/t Ag and 107.2 g/t Ag, and silver recoveries to concentrate of 88.2% and 96.4% respectively. A summary of these results is presented in Table 2. | |
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