1.jpg

CANSEE MEMBER NEWS: MEDGOLD ANNOUNCES CONCLUSION OF IT’S 2019 DRILLING PROGRAM AT THE TLAMINO PROJECT, SERBIA AND REPORTS INITIAL RESULTS

https://medgoldresources.com/medgold-announces-conclusion-of-its-2019-drilling-program-at-the-tlamino-project-serbia-and-reports-initial-results/Vancouver, Canada, October 30, 2019 – Further to its News Releases of May 29 and September 18, 2019, Medgold Resources Corp. (TSX-V: MED) is pleased to announce the completion of its 2019 drilling program at the Tlamino Project (the “Project” or “Tlamino”) in southern Serbia.

In recent weeks, approximately 2,000m of diamond drilling has been completed at the Karamanica prospect in 8 holes.  Targets drilled included a 2 km long Induced Polarization (“IP”) charge ability anomaly within a 2 km by 1.5 km gold-in-soil anomaly falling along what is thought to represent the continuation of a geological structure (the Podvirovi structure) related to underground mine workings beneath an adjoining property.

Results from the first hole of the 2,000m drilling program – KAR001 – targeting the Podvirovi structure at a relatively shallow depth, include 8m at 0.29 g/t Au and 3.19 g/t Ag. Mineralization in this interval is hosted in carbonaceous schist with traces of disseminated pyrite and quartz-pyrite veins.  Holes KAR002, KAR003, and KAR005 targeted the same structure and intersected longer intervals of similar carbonaceous schist; results are awaited for these later holes. Mineralization observed in the core from KAR001 is thought by the Company to suggest a potential for an exploration target in the Podvirovi structure below the level of the current drilling. Drill hole locations at Karamanica and results from KAR001 are shown in Figures 1 and 2, and Tables 1 and 2 below.

The 2019 exploration program was fully funded by Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) (“Fortuna”) and was directed by a joint Fortuna-Medgold technical committee pursuant to the terms of the Tlamino Option Agreement announced on March 7, 2017. A total of 4,089m of diamond drilling in the areas of Barje, Liska, and Karamanica were completed by Medgold during its 2019 exploration programs.

Read more at Medgold Sources 

Članovi

logo.png
Apatinska_pivara,_A_Molson_Coors_company_logo.jpg
Atrium-Company-Logo-2019.png
SGS_tagline_RGB_30mm.jpg
PP-logo-png-01.png
Logo-Zlatna-reka-1.png
NOVO-CMS_Logo_LawTaxFuture_Maxi_RGB_ProtectedArea.png
REFLEX-LOGO-2.png
SMANJENI-PRL-L-C-mala.jpg
ZAK_MM_Kinstellar_RGB_300dpi.png
Cementation_Blue.jpg
Magna_logo.svg.png
Raiden.png
bryan_logo.png
Konstantin_Resources-Logo.jpg
metso-logo.jpg
abkons-logo.png
dundee-precious-metals.png
cargo-partner_hoch_4c-logo.jpg
Contango-logo.jpg
logo-57922120c944c.png
DVS_logo2.jpg
header-back-logo.png
logo-blanco.jpg
Logotip.PNG
lgo_hdr.png
download-5792253e68bb5.png
download.png
Logo-jantar.jpg
Logotip.png
TNation_logo.png
download-5792243e537a1.png
MetalferGroup_Logo_Artwork--CMYK-.jpg
logo-Nenad-Stankovic.png
Logotip.PNG
Logo.jpg
Terragold-Logo.jpg
logo.png
lazarevicprsic.jpg
apollo-plus-232.jpg
Parivodic.png
schneider_electric-logo.jpg
CURIC-MARKO-Logo.png
Teknoxgroup-CAT-logo.png
Colour_RGB_Logo_13mm_400x400.jpg
HIEX-Belgrade-city.png
Envico-Logo-Transparent.gif
Minerals---Horizontal---Full-Colour---RGB.jpg
Rudnik-logo.png
Geops-logo.png
Slika-11-GT.PNG
logo.png
Logo-GEOING-1.jpg