Medgold Resources Corp. is a mineral exploration company. The Company is engaged in the acquisition and exploration of resource properties in Europe. The Company's segments include Canada, England, Spain, Portugal and Serbia. The Company is focusing its business on exploring mineral properties that are seeking foreign investment to invigorate the mining sector. The Company is targeting gold properties in northwest Iberia and the under-explored gold provinces of southern Europe. The Company is targeting orogenic gold systems in northern Portugal. The Company holds approximately five exploration licenses covering over 800 square kilometers in Portugal. The Company's exploration focus is on the primary projects of Boticas-Chaves and Valongo (Guimarei). The Boticas-Chaves licenses cover approximately 600 square kilometers, and the Valongo, Lagares and Castelo de Paiva (the Valongo Belt Properties), which are located within the Valongo Belt, covering approximately 200 square kilometers.