Magellan Gold is pleased to announce that it has completed its two core holes at its Papago target located within the Company's 100% optioned Silver District project in La Paz County, Arizona. The program was extended to include a third core hole to test the Red Cloud vein which has also been completed. Magellan's consulting geologist has selected and prepped 48 core samples from possible mineralization and has submitted [...]
Magellan Gold is pleased to announce that it has all of the necessary permits and started core drilling at its Papago target located within the Company's 100% optioned Silver District project in La Paz County, Arizona. Based on drilling by previous operators and the width and intensity of the hydrothermal alteration and veining, Papago is one of the better developed targets for the expansion of identified mineralization [...]
Magellan Gold announced today the amendment of its option agreement to acquire the Silver District from Columbus Exploration Corp. This amendment provides for the remaining option payments payable by Magellan to Columbus Exploration be deferred by one year, such that US$400,000 is now due on December 31, 2014 and a final payment of US$500,000 is due on December 31, 2015. In consideration of this change, Magellan has made [...]
Magellan Gold announced that it has recently staked an exploration target approximately ten miles WNW of Needles, California in San Bernardino, County in the northwest corner of the Sacramento Mountains. Magellan's claim block of over 1,000 acres, known as the Sacramento Mountains Project, consists of fifty (50) unpatented lode mining claims filed with the Bureau of Land Management and recorded with the County of San [...]
Magellan Gold is pleased to update efforts to advance its flagship project located in the historic Silver District, La Paz County, Arizona. Magellan has been reviewing extensive data from prior exploration activities in the project area and is developing a 2013 exploration plan. The following is a summary of the project history, which we have derived from secondary sources without independent verification.
Magellan Gold is pleased to announce that it has entered into an option agreement with Columbus Silver under which Magellan may acquire all of Columbus Silver's interest in its Silver District property located in Arizona (the "Property") for an aggregate purchase price of US$1,013,200. Magellan paid Columbus Silver US$63,200 on signing the Agreement, and is required to pay a further US$50,000 on or before December 31 [...]
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