For thousands of other reports visit RSC's Mineral Intellingence Map
Medgold Resources Corp.
Summary
| Project: | Tlamino | |
|---|---|---|
| Deposit: | Tlamino | |
| Location: | Serbia | |
| Commodities: | Gold-Silver | |
| Date: | 9/20/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-9-2018: Medgold Resources Corp. announces an Exploration/Drilling Update report for its Tlamino deposit at the Tlamino project. Drilling results incl. 38.20m @ 3.98g/t Au, 158g/t Ag, 0.45% Zn, 0.21% Pb from 19.80m. Vancouver, Canada, September 20, 2018 | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Clark (Not stated) | |
| ABSTRACT: | Vancouver, Canada, September 20, 2018 – Medgold Resources Corp. (TSX-V: MED) is pleased to announce results from its Phase 2 drill program at the Tlamino project in southern Serbia. The exploration and development of the Tlamino Gold Project is being conducted under programs which are fully funded by Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) (“Fortuna”), and directed by a joint Fortuna-Medgold technical committee pursuant to the terms of the Tlamino Option Agreement announced on May 1, 2017. Assays have been received for holes BAR008 to BAR013 (see Table 1 below for full results). All holes intersected significant gold mineralization and the best intersections, summarised below, include: Dan James, President of Medgold, said: “We’re very pleased to announce the first results from Phase 2 of our drill program. These strongly mineralized drill intersections demonstrate good continuity of the mineralized structure and grade over hundreds of metres, with the mineralization still open to the west. The majority of the mineralization is hosted within an intensely brecciated unit, termed the Triple-X Zone, that occurs at the fault surface which typically yields high-grade gold grades ranging between 5 and 25 g/t Au. The hanging wall rocks are also brecciated and mineralized over apparent thicknesses of up to 100m. We also continue to intersect significant silver grades, from trace up to 1,750 g/t Ag and trace up to 28 % combined Pb and Zn. Based on the results received from drilling so far, Fortuna has agreed to extend the Phase 2 program beyond the initially agreed 2,400m program and drilling is on-going and we now expect to complete nearly 5,000m of drilling at Tlamino in 2018 before winter. Tlamino is a prospective new European gold-silver discovery and we’re excited to be exploring it with our partner Fortuna | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report