VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 16, 2015) -
Medgold Resources Corp. (TSX VENTURE:MED), the European focused gold exploration company, is pleased to announce that it has reached an agreement with Koza Ltd. ("Koza"), a subsidiary of the Turkish gold mining company, Koza Altın İsletmeleri A.Ş., whereby Koza has been granted an option to acquire up to a 75% interest in Medgold's Boticas gold project in northern Portugal. Koza can earn an initial 55% interest in the project by spending CAD $3 million on exploration activities on the property over three years, of which $500,000 is committed to be spent in the first year. Upon completion of the initial $3m expenditures, Koza can earn an additional 20% interest by spending a further $3m on ex...
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