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Medgold Resources Corp.
Summary
| Project: | Tlamino | |
|---|---|---|
| Deposit: | Tlamino | |
| Location: | Serbia | |
| Commodities: | Gold-Silver-Arsenic-Lead-Zinc | |
| Date: | 3/21/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-3-2019: Medgold Resources Corp. announces an Exploration/Drilling Update report for its Tlamino deposit at the Tlamino project. Drilling results incl. 19.00m @ 1.34g/t Au, 1g/t Ag, 0.06% As from 2.00m. Vancouver, Canada, March 21, 2019 – Further to its | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Thomas Sant (Not stated) | |
| ABSTRACT: | Vancouver, Canada, March 21, 2019 – Further to its News Release of November 19, 2018, Medgold Resources Corp. (TSX-V: MED) is pleased to announce details of its forthcoming drilling program at the Tlamino Project (the “Project” or “Tlamino”) in southern Serbia. The objective of the 2019 program will be two-fold: to seek extensions of the gold mineralization defined at the Barje Prospect in 2018, and to drill exploration targets at Karamanica including a 2km long Induced Polarization (“IP”) chargeability anomaly within a 2km by 1.5km gold-in-soil anomaly. Management believes that the IP anomaly represents the continuation of a mineralized structure into Medgold’s tenement along strike from underground mine workings at Podvirovi currently being put into production by Mineco Limited. The Company also announces final results of its 2018 program, received since its news release of November 19, 2018. The 2019 exploration program remains 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. Medgold intends to pursue a program of up to 5,000m of diamond drilling in the areas of Barje, Liska and Karamanica during its 2019 exploration program. | |
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