Drilling at the Barje Prospect in 2018 identified a continuous zone of near surface gold mineralization measuring 700m by 250m ranging in thickness between 10-30 meters. Historic Yugoslav drilling identified an extensive zone of lead-zinc mineralization 1.5 km to the south of Barje that was never tested for gold; recent geophysical work by MED suggests the two may be connected. Drilling of this target will take place in 2019. A second well-constrained target observed in and chargeability data at the nearby Karamanica Prospect – occurring less than 1km along strike from a producing mine, will also be drilled.
Jeremy Crozier , President & CEO
Jeremy Crozier holds an MSc degree in geology and has nearly 25 years of exploration and commercial experience gained across a variety of project operations in Europe, North America and Africa. He has extensive experience in the management of complex mineral projects in remote environments, in discovery and resource definition, in the identification and appraisal of M&A opportunities for public companies and privated funds, in capital raising, and in the negotiation of transactions with property vendors and joint venture partners, most recently as President and CEO of Volcanic Gold Mines Inc.
What is your rationale for attending 121 Mining Investment?
We are seeking to build awareness to Medgold and its projects among private, retail and institutional investors, and through this build support ahead of what we believe will be a very exciting exploration season. We are also looking to raise approximately $1-1.5 million on the next 3-6 months, which will be used in ongoing exploration activities.
What recent news would you like to highlight to investors attending?
March 21, 2019 The objective of the 2019 drilling program will be to seek extensions of the gold mineralization defined at the Barje Prospect in 2018, and to drill exploration targets at Karamanica including a 2km long chargeability anomaly within a 2km by 1.5km gold-in-soil anomaly, which potentially represents the continuation of a mineralized structure from underground workings at the nearby Podvirovi Mine. The 2019 exploration program remains fully funded by Fortuna Silver Mines Inc., and will comprise a program of up to 5,000m of diamond drilling.
What are your key goals for the next 3, 6 and 12 months?
Initiation of drilling at Liska, testing of an area of historic base metal mineralization defined by the Yugoslav state (though never analyzed for gold) and its potential continuation towards known mineralization at Barje as drilled by MED in 2018, and as suggested by a continuous chargeability signature between the two.
Completion of drilling at Liska , and initiation and completion of drilling at Karamanica. Preparation of a Mineral Resource Estimate for Barje-Liska
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Land access for drilling: agreements now largely in place with affected landowners. proactive program of community engagement.
In a sentence, what do you think makes your company such a compelling investment?
Two very clearly-defined, easy to drill exploration targets with funding in place for 5000m of drilling. Serbia is a mining-friendly jurisdiction.