Medgold Resources and Radius Gold Sign Strategic Alliance Agreement on Medgold's Portuguese Assets
09 Gennaio 2014 - 7:00PM
Marketwired
Medgold Resources and Radius Gold Sign Strategic Alliance Agreement
on Medgold's Portuguese Assets
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 9, 2014) -
Medgold Resources Corp. (TSX-VENTURE:MED), the European focused
gold exploration company, is pleased to announce that it has
entered into a strategic alliance agreement with Radius Gold Inc.
(TSX-VENTURE:RDU) whereby Radius will have the right to option one
of Medgold's properties located in Portugal. As well, Radius has
agreed to participate in Medgold's current private placement
financing as to $500,000.
For a period of 18 months, Radius may select one of Medgold's
Portuguese properties in which Radius will be granted the option to
earn a 51% interest by spending $3.0 million on exploration and
development of that property. Upon exercise of the option, a joint
venture will be formed between Medgold and Radius to further
develop the property.
The agreement is subject to TSX Venture Exchange approval.
About Medgold
Medgold is aiming to become the leading Mediterranean-focused
gold exploration and project development company, with an extensive
portfolio and pipeline of projects across Portugal, Italy and
Spain, targeting economically stressed, but politically stable
European countries that are seeking foreign investment to
invigorate the mining sector.
Additional information on Medgold can be found on the
Company's website at www.medgoldresources.com and by reviewing the
Company's page on SEDAR at www.sedar.com.
ON BEHALF OF THE BOARD
Daniel P. James, President & Director
Neither the
TSX Venture Exchange nor the Investment Industry Regulatory
Organization of Canada accepts responsibility for the adequacy or
accuracy of this release.
Forward-looking
statements
This press
release may contain forward-looking statements including, but not
limited to, comments regarding the timing and content of upcoming
work programs, geological interpretations, receipt of property
titles, potential mineral recovery processes, and other related
matters. Forward-looking statements address future events and
conditions and therefore involve inherent risks and uncertainties.
Medgold's projects in Europe are at an early stage and all
estimates and projections are based on limited, and possibly
incomplete, data. More work is required before the mineralization
and the projects' economic aspects can be confidently modelled.
Actual results may differ materially from those currently
anticipated in this news release. No representation or prediction
is intended as to the results of future work, nor can there be any
promise that the estimates and projections herein will be sustained
in future work or that the projects will otherwise prove to be
economic.
Investor RelationsRalph Rushton
(Vancouver)ralphr@goldgroup.com+1 604-801-5432PresidentDan James
(UK and Portugal)dj@medgoldresources.com+44 (0) 7972 579188
Grafico Azioni Medgold Resources (TSXV:MED)
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Da Dic 2024 a Gen 2025
Grafico Azioni Medgold Resources (TSXV:MED)
Storico
Da Gen 2024 a Gen 2025
