Medgold Identifies New High-Grade Mineralization at Lagares Project, Portugal
VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 16, 2014) - Medgold Resources Corp. (TSX VENTURE:MED), the European-focused gold exploration company, is pleased to announce new high-grade gold results for its Lagares Gold Project in Portugal. New reconnaissance sampling, located 1 km north of the Castromil prospect, has yielded results from 0.016 g/t Au to 15.90 g/t Au.
Seven rock-chip and rock-float samples were collected over a total strike length of 200 m in an area of poor exposure, from altered granites and vein material similar to the mineralization and alteration style observed in the two prospects of Castromil and Serra da Quinta. The samples are located approximately 1 km north of the northern-most point of the Castromil prospect, slightly offset from the main northwest-trending fault. The mineralization is orientated broadly northwest, implying either a lateral stepping of the mineralization, or, more likely, a second and parallel structure. Grades included a high of 15.90 g/t Au, plus four samples assaying between 1.61 g/t Au and 1.03 g/t Au, with lows of 0.01 and 0.02 g/t Au.
just sold my val for 500 profit - was 800 profit this morning - the usual hype is occurring over there - the share price will do this or that on the rns which is imminent yada yada - ill be upset if the rns really does shift val up into the strat but its on a downward having reached its usual 0.365 ceiling. This one does the same - goes to 12 max and boom dow it goes again, prolly the directors making some weekend cash and then selling. this share cannot break .125 im in at .127, so im in a losing position every time it rises. i have a large stake for me ie 6k worth, and cant really average down.
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