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Medgold Resources Corp.
Summary
| Project: | Tlamino | |
|---|---|---|
| Deposit: | Tlamino | |
| Location: | Serbia | |
| Commodities: | Gold-Silver | |
| Date: | 6/18/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 18-6-2018: Medgold Resources Corp. announces an Exploration/Drilling Update report for its Tlamino deposit at the Tlamino project. Drilling results incl. 26.1m @ 2.44g/t Au, 219g/t Ag from 2m. Vancouver, Canada, June 18, 2018 – Medgold Resources Corp. (TS | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Clark (Not stated) | |
| ABSTRACT: | Vancouver, Canada, June 18, 2018 – Medgold Resources Corp. (TSX-V: MED) (the “Company” or “Medgold”) is pleased to announce new drill results from the Tlamino Gold Project in southern Serbia. The drill program was fully funded by Fortuna Silver Mines Inc. (“Fortuna”) under the terms of an option agreement between Medgold and Fortuna. Assays have been received for holes BAR003 and BAR004. BAR003 and BAR004 are both collared on the same pad as BAR001, which assayed 30.8 m of 2.06 g/t Au and 54.7 g/t Ag (see Medgold news release of June 11, 2018). The results appear to have confirmed the continuity of mineralization from the Barje outcrop to the north and at depth (BAR002 was collared 290 m to the north-northeast of the Barje outcrop and intersected 34.7 m of 3.11 g/t Au and 27.5 g/t Ag, see Medgold news release of June 11, 2018). Dan James, the President of Medgold, said: “The drilling at Tlamino continues to demonstrate a strongly mineralized system, associated with a large flat-lying detachment structure. With only 4 holes, we’ve already highlighted the potential for 290 m of up-dip continuity. We are also seeing zones of significantly higher gold and silver grades within the broader intersections, such as 6.0 m of 4.20 g/t Au and 754 g/t Ag in BAR003 and 2.0 m of 23.88 g/t Au and 340 g/t Ag in BAR002, which are associated with intense brecciation. We’ve now completed our initial drilling and have achieved our initial objectives. Drilling has paused while we interpret the geology to prepare for a second phase to commence next month.” | |
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