New player in the search for precious metals - Canadian Medgold sets up branch office in Serbia

Medgold Resources set up a branch office in Serbia and asked for a concession for exploration of finding of porphyry mineralization on app. 100 km2, it was stated at the official company website .

- We are excited for expanding business on Serbia which has a long mining tradition. This country is extremely rich in precious metals and Serbian mining industry has strong support of the Government. Current situation at the market of gold generated extraordinary opportunities for smaller companies such as Medgold, since exploitation costs significantly decreased - Dan James, president of Medgold, said

As communicated, Medgold is planning that in the spring this year to start on site works in Serbia. For the exploration needs, the company hired Serbian geologist who participated in the project of copper and ore findings Kiseljak and Yellow Creek. The task will comprise association for exploration and exploitation of mineral raw materials Jantar grupa from Belgrade.