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A billion dollar surprise: Tons of gold lie in the south of Serbia


4-6 minutes

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Canada-based Medgold Resources previously announced that it had found 
indicators in southern Serbia that rich precious metal deposits are located in 
this area 

Source: Tanjug Thursday, February 6, 2020 | 14:55 

 

Foto: Depositphotos, AntonMatyukha

Canada-based explorer company Medgold Resources has now confirmed those 
results, so it is now certain that there is gold in the area close to the 
border with Bulgaria and North Macedonia, "Novosti" reports. 

They have found about seven million tons of ore at just one site, within the 
Tlamino project, with about 680,000 ounces, or 19.3 tons of gold, worth just 
over $1 billion, while exploration continues in that area. 

As has been established, the gold content at the site is on average about three 
grams per ton. For example, deposits with a gram of gold per ton, if 
accompanied by appropriate quantities of ore, are considered profitable. 

Namely, as this Canadian company intends to expand its activities to other 
parts of Serbia within the same project, Medgold Resources also found an ore 
layer of about 40 meters containing 8.32 grams of gold per ton, and an almost 
incredible 193 grams per ton of silver.

 

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