Medgold commences drilling on Serbia's Tlamino Project
Friday, Apr 27, 2018
Medgold Resources Corp. is pleased to announce that drilling is expected to start on April 30th, 2018 at the Tlamino gold project in Serbia.  An initial program of 1,250 metres in 11 drill holes will test high-grade gold mineralization identified from channel sampling in 2017.  Highlights of the channel sampling include 5.6 g/t Au and 105 g/t Ag over 84m and 55m at 2.2 g/t Au and 88 g/t Ag (see Medgold news releases dated July 18 and November 15, 2017).

Dan James, President of Medgold, commented: “We are really looking forward to commencing drilling on this exciting gold project.  Tlamino is a high-quality drill target, showing both high-grade mineralization at surface, and a coincident large-scale geophysical anomaly.  Our channel and underground sampling have returned consistent high-grade gold values over many tens of meters and lies on the flank of a strong IP anomaly that we can trace over at least 1km east to west.  We look forward to reporting the results of the program later this summer.”

The Tlamino Project

The Tlamino Project is located in southern Serbia, close to the borders of both Bulgaria and Macedonia, approximately 5 hours south of the capital Belgrade. The Project is comprised of two exploration licences, called Donje Tlamino and Surlica-Dukat, each approximately 100 sq km.  All exploration work at the Project is fully-funded by Fortuna Silver Mines, who have the option to earn up to 70% of the Project by spending US $8m over 5 years and completing a Preliminary Economic Assessment.

Tlamino hosts two significant prospects: Barje and Karamanica. Both appear to be associated with a large-scale low-angle detachment fault.  Drilling at Tlamino will focus on the Barje Zone, where channel sampling in 2017 has yielded a best intersection of 84m at 5.60 g/t Au and 105 g/t Ag.  Furthermore, a geophysical survey completed over the Barje Zone in 2017, identified a large chargeability anomaly coincident with the high-grade outcrop, measuring approximately 1,000m east-west by 400m north-south.

The initial drilling program, comprised of 1,250m from 11 drill holes, will initially test the up-dip continuation of mineralization identified in the channel sampling, and will also test the large geophysical anomaly located to the west of the high-grade Barje outcrop.  The total area to be initially tested by the drilling will be approximately 200m east-west by 150m north-south.  All the drill holes will be relatively shallow, less than 150m from surface, as the geological target is a flat-lying zone of intensely altered fault breccia associated with the large-scale detachment fault.

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