Dr. Richard Sillitoe, an internationally renowned geological consultant, visited the region for Medgold in November 2011 and noted the following: "Frassine is clearly the highest-priority licence area selected to date because of the previously defined, high-grade gold values, widespread distribution of jasperoid and localised presence of hypogene alunite. The deposit types being targeted in Tuscany are high- and low-grade sediment-hosted gold mineralization. High-grade analogues are Meikle and Deep Star in the Carlin trend of Nevada, where fault control with or without pre-existing karst are partial ore controls. An appropriate analogue for a low-grade (1-2 g/t) deposit is Gualcamayo, Argentina, which is hosted by partially karsted massive limestone."Dan James concluded: "We are also evaluating a number of other gold projects in the Iberian peninsula. Our focus is on areas with known gold deposits, where we believe our programs will benefit from the urgent need of the regional governments for new investment and job creation. We will update our shareholders on progress in the coming weeks."
Medgold Acquires A Third Gold Exploration Licence In Tuscany
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