Electrum Discovery Corp.

Medgold Resources is pleased to provide an update on its proposed acquisition of Balkan Metals Corp. some of which are contiguous to Medgold's existing Serbian exploration permits. With mineral rights covering close to 1,000 square kilometers, the resulting company will be the largest holder of highly prospective exploration ground in the Republic of Serbia. Medgold and Balkan Metals have signed an amendment to their [...]

Medgold Resources Corp. is pleased to announce that it has entered into a non-binding arm's length letter of intent dated November 23, 2022 to acquire all of the issued and outstanding common shares of Balkan Metals Corp. some of which are contiguous to Medgold's existing Serbian exploration permits. With mineral rights covering close to 1,000 square kilometers, the resulting company will be the largest holder of highly [...]

Medgold Resources is pleased to announce that it has entered into two definitive agreements with Fortuna Silver Mines Inc., to acquire Fortuna's 51% interest in the Tlamino Project. The first such agreement terminates the Option Agreement entered into between the parties on December 15, 2020 that provided for Medgold to acquire the Interest for a cash consideration of US$ 3.468 million and the second, which converts the [...]

Medgold Resources reports on the status of the previously announced proposed sale of the Company's Tlamino Project to MetalsTech. MetalsTech has advised the Company that it will not be exercising its option to acquire the Project. As a result, the agreement between the parties has terminated. Management of the Company is reviewing a number of alternate strategic options in regard to the Tlamino Project, and continues its [...]

Medgold Resources Corp. is pleased to announce that it has entered into a binding option agreement with MetalsTech Ltd. , in regard to the sale of the Company's interest in the Tlamino Project in Serbia. Under the terms of the Agreement, Medgold has granted MetalsTech an exclusive option to acquire a 100% interest in the Tlamino Project for a total consideration of A$3,000,000 in cash . The Option is exercisable by [...]

Medgold Resources Corp. | announces that Mr. Simon Ridgway has resigned as Executive Chairman and as a Director of Medgold in order to pursue other business interests. Mr. Ridgway is recognized and warmly thanked for his foundational role in the establishment of Medgold, and for his strategic leadership of the Company through its acquisition, financing and advancement of property assets in both Serbia and Portugal [...]

Medgold Resources Corp. | is pleased to announce the completion of a positive Preliminary Economic Assessment for the Barje gold deposit at its Tlamino Project, Serbia . The highlights of the PEA are as follows: - Based on simple open-pit mining methods and the production of a flotation concentrate via conventional processing techniques, the pre-tax NPV of the Project, at a discount rate of 8%, is US$101M, its IRR 49 [...]

Medgold Corp. is pleased to announce that it has entered into a definitive Option Agreement with Fortuna Silver Mines Inc. to acquire Fortuna’s 51% interest in the Tlamino Project, located in Serbia. The terms of the Agreement provide Medgold with an exclusive option to purchase Fortuna’s 51% interest in the Project for a cash consideration of US$ 3.468 million. The Option is valid for three years and is exercisable at [...]

Medgold Resources Corp. is pleased to announce the completion of metallurgical test work from the Barje Prospect, within the Tlamino Project in southern Serbia. Highlights of this work are as follows: - Conventional flotation has produced a concentrate grading 48.9 g/t Au and 824 g/t Ag with recoveries to concentrate of 83.4 % for gold and 82.4% for silver from a composite sample representing the main hydrothermal [...]

Medgold Resources Corp. is pleased to announce the initiation of a Preliminary Economic Assessment in respect to the Barje Prospect within the Tlamino Project in southern Serbia. The purpose of this study will be to constrain the self-standing economics of the Project, and most particularly its capacity to yield a marketable metal concentrate, to which end a program of metallurgical test work will be completed. Addison [...]