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Last C$0.11 CAD
Change Today 0.00 / 0.00%
Volume 0.0
As of 2:21 PM 08/25/15 All times are local (Market data is delayed by at least 15 minutes).

medgold resources corp (MED) Snapshot

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03/11/15 - C$0.20
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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. Provides Update on the Diamond Drilling Program at Lagares Gold Project in Northern Portugal

Medgold Resources Corp. provided an update on the on-going diamond drilling program at the Lagares gold project in northern Portugal. To date, a total of 1,788 metres have been drilled in 19 holes of a planned 3,000 metre program. The Company has granted Centerra Gold Inc. (“Centerra”) the option to earn a 51% interest in the project by spending $3 million over 3 years along with the right to earn an additional 19% by spending a further $3 million over 2 years. Assay results have been received for the first 8 holes from the initial phase of drilling at Lagares. The drill-holes targeted high-grade, near-surface gold mineralization at the Castromil zone identified from surface channel-chip sampling and shallow historical drilling. The Lagares property is one of four mineral concessions Medgold holds in the Valongo Belt, all of which are currently subject to the option agreement with Centerra (the “Agreement”). The first phase of significant work under the Agreement is a program of 3,000 metres of diamond drilling, of which 1,788 metres have been drilled in 19 holes. To date, 718 assays have been received from the first 8 drill-holes, some of which are discussed above. The current program includes some verification drilling to confirm results obtained by previous drilling campaigns, but the majority of this year’s drill-holes are designed as exploration holes inclined between 60 and 70 degrees to the southwest, beneath the limits of the historical drilling.

Medgold Resources Corp. Provides an Exploration Update at the Boticas Gold Project

Medgold Resources Corp. provided an exploration update at the Boticas gold project. Recent sampling and geophysical work has increased the size of the main gold anomaly at the Limarinho zone. This work has also identified a new zone of mineralization, called Casas Novas, exhibiting similar characteristics to Limarinho. Boticas Exploration Update Medgold's wholly owned Boticas gold project, which is approximately 100 sq km in size, is located in northern Portugal, close to the towns of Boticas and Chaves. Medgold is targeting granite-hosted and structurally-controlled gold mineralization, typically associated with sheeted quartz veins, oxidized fractures, and silica-sericite-arsenopyrite alteration. The principal prospects of Limarinho and Limarinho South have been interpreted as dilational structural zones at the intersections of two shear orientations within a granite body. Dilation in these zones focussed hydrothermal fluid flow and gold concentrations into northeast-trending structural corridors. Grid-based soil sampling was undertaken over the Limarinho prospect. Three hundred samples were taken, which highlighted a gold- and arsenic-in-soil anomaly over 3 km by 2 km north-south to east-west and open to the north and south. A program of ground magnetics was completed in June focussed on the Limarinho prospect, with the aims of expanding the known extent of alteration and to identify any key structures. Preliminary results seem to identify an extensive NNW-trending magnetic-low, likely to be a representation of alteration, which is broadly coincident with the zones of historical mining and the gold-in-soil anomaly. Forty-two reconnaissance rock chip samples were collected in conjunction with the soil sampling and geophysics program, yielding results from trace to 75.10 g/t Au, 6.91 g/t Au and 4.53 g/t Au. The high-grade results were from samples collected outside of the original area of interest, and add significantly to the strike and width potential. Furthermore, the highest-grade sample of 75.10 g/t Au is distinct from the previously described mineralization, consisting of a silica-poor, highly friable, intensely-altered clay- and arsenic-rich material within a linear fracture. This style of mineralization may also have been a focus of ancient miners due to the presence of high-grade free-gold within easily mineable rock. Grid-based soil sampling on an 800m by 100m grid spacing (274 samples) was also undertaken in a new area, called Casas Novas, located 1 km to the southeast of Limarinho. The program targeted a significant structural and alteration anomaly identified from interpretation of Landsat and Aster imagery. A coincident gold- and arsenic-in-soil anomaly was outlined approximately 3 km by 2 km and is still open to the north and south. It will be the focus of on-going exploration work throughout the summer. Medgold is expecting the issuance of a new exploration licence, called Chaves, which is a large exploration area that completely envelopes the Boticas licence.

Medgold Resources Corp. Provides Update on Drilling Program at Lagares Project, Portugal

Medgold Resources Corp. provided an update on the on-going diamond drilling program at the Lagares gold project in northern Portugal. To date, a total of 1,192 metres have been drilled in 12 holes of a 3,000 metre program. The company has granted Centerra Gold Inc. the option to earn a 51% interest in the project by spending USD 3 million over 3 years, and then the right to earn an additional 19% by spending a further USD 3 million over 2 years. Assay results have been received for 5 holes from the initial phase of drilling at Lagares that targeted high-grade gold mineralization identified at the Castromil zone from surface channel-chip sampling, and shallow historical drilling. Highlights of the new assay results include: //st MLG-001: 10.90 m @ 2.32 g/t Au from surface, section 150mS MLG-003: 19.95 m @ 3.17 g/t Au from surface, section 450mS MLG-004: 17.49 m @ 4.45 g/t Au from 10.00m, section 400mS.


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Price/Book 5.7x
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