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Last C$0.11 CAD
Change Today 0.00 / 0.00%
Volume 0.0
MED On Other Exchanges
As of 11:09 AM 05/28/15 All times are local (Market data is delayed by at least 15 minutes).

medgold resources corp (MED) Snapshot

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52 Week High
03/11/15 - C$0.20
52 Week Low
09/26/14 - C$0.04
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medgold resources corp (MED) Details

Medgold Resources Corp. engages in the acquisition and exploration of resource properties in Italy, Spain, and Portugal. The company explores for gold and base metal deposits. It has strategic alliance agreement with Radius Gold Inc. The company is headquartered in Vancouver, Canada.

medgold resources corp (MED) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: C$36.0K
President and Director
Total Annual Compensation: C$150.0K
Chief Financial Officer
Total Annual Compensation: C$18.5K
Compensation as of Fiscal Year 2013.

medgold resources corp (MED) Key Developments

Medgold Resources Corp. Auditor Raises 'Going Concern' Doubt

Medgold Resources Corp. filed its Annual on Apr 30, 2015 for the period ending Dec 31, 2014. In this report its auditor, Smythe Ratcliffe, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Medgold Resources Corp. Provides an Exploration Update on Lagares Gold Project

Medgold Resources Corp. provided an exploration update on the Lagares gold project. The project is joint ventured to Centerra Gold Inc., who are earning in to 51% of the project by spending $3 million over 3 years, and have the right to earn an additional 19% by spending a further $3 million over 2 years. The project is progressing rapidly. Medgold’s first drilling campaign in Portugal, a 3,000 metre diamond core drilling program, started a day ago targeting high-grade gold mineralization identified from recent channel-chip sampling. A grid-controlled soil sampling program has also been completed, and has identified a broad gold anomaly, extending both north and south along strike and away from the known zones of mineralization. The Lagares property is one of four licences within the Valongo Belt and currently under joint venture (JV) with Centerra. Under the terms of the JV, which was announced in December 2014, Centerra has the initial option to spend $3 million on exploration to earn 51% in the project. The first phase of significant work under the JV is the proposed program of 3,000 metres of diamond drilling. The program started a day ago, with an initial priority phase of drilling at the Castromil and Serra da Quinta mineralized zones. Early drilling will include a few ‘twin’ boreholes which are intended to check the grade of gold mineralization that was intersected by historical drill-holes. A comparison will also be done of gold recovery characteristics of the mineralization intersected by the drill-hole ‘twins’. Focus of the drilling will then turn to testing the down-dip continuation of gold mineralization at the Castromil and Serra da Quinta prospects which occurs as a stacked set of shallowly east-dipping tabular lenses of silicified granite that, overall, follow the faulted contact between the granite and metamorphosed sedimentary rocks.

Medgold Resources Corp. Announces High-Grade Gold Results over Broad Contiguous Intersections from Recent Channel Sampling Program at the Lagares Gold Project in Northern Portugal

Medgold Resources Corp. announced high-grade gold results over broad contiguous intersections from a recent channel sampling program at the Lagares Gold Project in northern Portugal. Channel-Chip Sampling Highlights: Management is extremely encouraged by the first round of channel sampling with 8 of 9 channels returning significant, broad widths of gold mineralization. Highlights of the results include: 69.00 m at the rate of 4.15 g/t Au; 40.70 m at the rate of 5.73 g/t Au, including 5.20 m at the rate of 15.50 g/t Au; and 15.50 m at the rate of 9.44 g/t Au, including 4.00 m at the rate of 18.00 g/t Au.


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