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: | 7/5/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-7-2018: Medgold Resources Corp. announces an Exploration/Drilling Update report for its Tlamino deposit at the Tlamino project. Drilling results incl. 9m @ 14.17g/t Au, 58g/t Ag from 95m. Vancouver, Canada, July 5, 2018 – Medgold Resources Corp. (TSX-V: | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Clark (Not stated) | |
| ABSTRACT: | Vancouver, Canada, July 5, 2018 – Medgold Resources Corp. (TSX-V: MED) is pleased to announce that it has completed its Phase 1 drill program at the Tlamino 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 BAR005, BAR006 and BAR007. All holes have intersected significant gold mineralization Dan James, President of Medgold, said: “We are delighted to have identified gold mineralization in all of our first 7 holes at Tlamino. We’re seeing multi-metre high-grade gold intercepts within very broad zones of low- to moderate-grade rock over a large area, and in some holes the mineralization starts at surface. The gold mineralization is flat-lying, near-surface and associated with a large-scale regional detachment fault. We’ve confirmed a strong relationship between IP-chargeability, disseminated sulphides, and gold mineralization which gives us sufficient confidence to plan for Phase 2 drilling to start later this month. We aim to expand the known mineralized area by systematically testing the IP anomaly towards the west. We believe we’ve made a significant gold-silver discovery at Tlamino. The discovery highlights the tremendous exploration potential of Serbia and we’re looking forward to expanding our generative work in country.” BAR005 is collared 160 m to the NNW of the Barje outcrop and drilled towards the southeast. BAR006 and BAR007 are collared 190 m to the NW of the Barje outcrop, with BAR006 drilled to the southeast and BAR007 drilled to the northwest. All three drill holes intersected intervals of approximately 100 m of moderate to strong sericite and silica alteration with precious metal grades increasing with depth. All culminate with intersections of 13-30 m of intense brecciation and sulphide mineralization close to the contact of the detachment fault. BAR006 and BAR007 are located on the eastern flanks of an IPchargeability anomaly, considered to be associated with disseminated sulphide mineralization, which continues for at least a further 700 m to the west. | |
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