Canadian company discovers silver and gold in southeast
Canadian company Medgold Resources has discovered excellent indicators of rich precious metal deposits near Serbia's borders with Bulgaria and Macedonia.
Tuesday, 22.01.2019.
10:14
Canadian company discovers silver and gold in southeast
As part of its Talmino Project, the exploration company has found a 40 meter layer containing 8.32 grams of gold per ton, and "an almost incredible" 193 grams of silver per ton, the newspaper writes.Afterwards, it signed an agreement on a joint investment with another Canadian firm, Fortuna Silver.
Under the agreement, Fortuna Silver is obliged to invest 8 million dollars in further geological explorations - conducted in an approx. 200 square kilometer area - and could acquire a 70 percent stake in the Talmino Project in exchange, the paper said.
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