Magellan Gold Corp. is pleased to announce that it has engaged the sevices of senior mining consultant David E.Drips to provide guidance in the evaluation, design and development of the Company's El Dorado Gold-Silver mining project, Nayarit State, Mexico. Magellan has continued to advance El Dorado, which lies 50 kilometers south of the [...]
Magellan Gold Corp. announced today the effectiveness of a 1-for-50 reverse split of its common stock. Shares of Magellan common stock will begin trading on a split-adjusted basis on the OTCQB Marketplace at the market open on January 7, 2019. "The completion of this reverse split marks an important step in the recapitalization we have accomplished [...]
Magellan Gold Corp. today announced it has reached preliminary agreement to toll treat mineralized material utilizing the Company's SDA Mill at Acaponeta, Nayarit State, Mexico. A private third-party supplier will be responsible for sourcing the mineralized material and delivering it to the mill. Test processing of an initial bulk sample of [...]
Magellan Gold Corp. today provided an update on the Company's recently acquired El Dorado Gold-Silver Project, Mexico. The Company also announced it has engaged TEN Associates, LLC for investor relation services. On August 13, 2018 Magellan announced the acquisition of the El Dorado Gold-Silver Project, which lies 50 kilometers south of Magellan's [...]
Magellan Gold Corp. announced it has entered into an agreement giving it the right to acquire the El Dorado Gold-Silver Property, a 50 hectare mining concession located near the village of Las Minitas, which lies 50 kilometers south of Magellan's SDA Flotation Plant at Acaponeta, Nayarit State. Magellan intends to advance El Dorado towards [...]
Magellan Gold Corp. announced that it has rehired employees and is restarting its 100% owned SDA Mill, Mexico. Initially, operations will reprocess tailings located at the mill site. The tailings are waste products left from previous processing of ore but still contain low values of gold and silver. Recovery of a portion of these remaining precious [...]
Magellan Gold Corp. announced that effective December 31, 2017, it had agreed with Rio Silver Inc. to mutually terminate the Company's option to earn an interest in Rio Silver's Niñobamba exploration property in Peru. Magellan previously announced entering into the option agreement in news releases on July 5, 2016 and October 25, 2016. In [...]
Magellan Gold Corp. is pleased to announce that on November 30, 2017, it completed the purchase of the SDA Mill, Nayarit State, Mexico, from Rose Petroleum plc. Total consideration for the purchase of the SDA Mill was US$1.5 million, consisting of $1.0 million in cash and $500,000 in Magellan stock, of which $100,000 in cash was paid in June 2017 [...]
Magellan Gold Corp. from Rose Petroleum plc is nearing conclusion. The final major item for closing to occur, restructuring of Mexican ownership of the SDA Mill, is in progress and is expected to be concluded in November 2017. Other important closing items already in place include the necessary funding and Rose's shareholder approval. Magellan is [...]
Magellan Gold is pleased to announce that its purchase of the SDA Mill, Nayarit State, Mexico, from Rose Petroleum plc is on tract to close by the end of October 2017. The SDA Mill is a fully permitted and operational mineral processing plant and includes all associated assets, licenses and agreements. Major milestones towards closing were achieved [...]
Magellan Gold Corp. is pleased to announce the appointment of Michael P. Martinez as CFO and Secretary of the Company, effective immediately. To facilitate this change, John C. Power recently stepped down as CFO and Secretary. The Company wishes to thank Mr. Power for his service as an officer since Magellan's inception. Mr. Power will continue in [...]
Magellan Gold Corporation is pleased to announce that Magellan and Rose Petroleum plc have signed a definitive and binding stock purchase agreement in respect of Magellan's acquisition of Rose's mineral processing mill operation in San Dieguito de Arriba, Mexico and its associated assets, licenses and agreements. The purchase of the mill is [...]
