Medgold Options the Tlamino Project to Fortuna Silver Mines

Medgold Resources Corp. (TSX VENTURE:MED) (the “Company” or “Medgold”) is pleased to announce that it has entered into an Option Agreement with Fortuna Silver Mines Inc. (TSX:FVI) (“Fortuna”) whereby Fortuna has the exclusive option to acquire up to 70% in the Tlamino Project located in Southern Serbia (comprised of the Donje Tlamino and Surlica-Dukat licences), by spending a total of US$8.0 million in qualifying expenditures and completing a preliminary economic assessment.
As quoted in the press release:

Dan James, President of Medgold, commented: “We are very pleased with Fortuna’s continued support of our exploration efforts in Serbia. Their decision to option the Tlamino Project is a clear demonstration of our joint excitement over the Project and a validation of our successful project generation work completed in 2016. We will continue to generate projects under our Strategic Alliance with Fortuna, and will also now commence a more focused exploration campaign at Tlamino under the Option Agreement. We have a combined budget of CAD$2.5m for 2017 in Serbia, which will allow us to complete a program of ground geophysics and diamond drilling at Tlamino aiming to test recently reported channel results of 40 m of 8.32 g/t Au and 193 g/t Ag, as well as continuing our project generation work across the country.”

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