FVI release today
Greenfields Exploration Highlights Serbia Through two C$1.5 million equity investments in Medgold Resources Corp. (see Medgold's news release dated January 9, 2017), Fortuna is funding a Strategic Alliance with Medgold and has the option to nominate two Selected Properties over the course of 2017 to form joint ventures with Medgold. Exploration will center on high and low-sulfidation epithermal gold-silver mineralization in the western portion of the Tethyan orogenic system. Each joint venture, if formed, will allow Fortuna the right to earn a 51 percent interest by spending $3.0 million over three years, with a first-year commitment of $1.0 million, and gain an additional 19 percent interest by spending a further $5.0 million and completing a Preliminary Economic Assessment