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Medgold Resources Corp.
Summary
| Project: | Boticas | |
|---|---|---|
| Deposit: | Boticas | |
| Location: | Portugal | |
| Commodities: | Gold | |
| Date: | 12/21/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-12-2016: Medgold Resources Corp. announces an Exploration/Drilling Update report for its Boticas deposit at the Boticas project. Drilling results incl. 59.0m @ 1.30g/t Au from 12.00m. Vancouver, Canada, December 21, 2016, Medgold Resources Corp. (TSX-V | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Clark (Internal) | |
| ABSTRACT: | Vancouver, Canada, December 21, 2016, Medgold Resources Corp. (TSX-V: MED) (the “Company” or “Medgold”) is pleased to announce that it has completed its first phase drill program at the Boticas Gold Project. Drill hole assay results have been received for 1,365 m of the completed 2,516 m program. Dan James, President of Medgold, said: “We have received the first batch of results from our drill program at Boticas. These demonstrate significant widths of up to 50 m in apparent thickness in the principal zones of mineralization which are frequently located close to surface. The 2,500 m program, which is fully funded by our partner, Centerra Gold, is now complete, with full results to follow in early January. We are currently reviewing the data with Centerra to identify areas for follow-up exploration which may include infill and deeper drilling at the main Limarinho Zone.” The Company commenced drilling in late August, and completed 15 holes for 2,516 m of oriented core drilling by early December. Twelve holes were collared in the main Limarinho zone (2,060 m) and three holes (456 m) were collared in the Limarinho South zone. Assay results have been received for the first eight holes, and the remaining assays are expected by the end of the year. All drill holes intercepted mineralized veins | |
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