Tuesday, June 19, 2018

Medgold Resources Corp - MED.v

Medgold Resources Corp - MED.v is focused on advancing early-stage gold-silver projects in Southern Serbia
On June 11, 2018 the company released NEWS

Medgold Resources Corp. and Fortuna Silver Mines Inc. (TSX: FVI) are pleased to announce initial results from the inaugural drill program at its flagship Tlamino Gold Project in southern Serbia. Assays have been received for the first two holes, and have returned broad intersections of near-surface gold and silver mineralization:
o BAR001: 30.82 m of 2.06 g/t Au and 54.7 g/t Ag from 2.38 m to 33.20 m
o BAR002: 34.65 m of 3.11 g/t Au and 27.5 g/t Ag, from 13.35 m to 48.00 m (including 2.00m of 23.88 g/t Au and 340 g/t Ag)

BAR001 is collared approximately 40 m north of the Barje outcrop (which assayed up to 84 m of 5.6 g/t Au and 105 g/t Ag in surface channel samples; see Company news release of July 18, 2017), and was designed to confirm that mineralization extends in a third dimension along a north-northeast axis from the outcrop. BAR002 is collared 290 m north-northeast of the Barje outcrop and was designed as an up-dip step-out from the outcrop and BAR001. Both drill holes successfully intersected significant near-surface mineralization; a summary of assay results is given in Table 1, and hole locations are given in Table 2. The results to date support Medgold’s interpretation of the Barje mineralization as being associated with a flat- lying regional detachment fault.