Magellan Gold Corp. today announced that the Company has posted the bond required under its permit from the U.S. Forest Service to reopen portals at the Center Star Gold Mine in Idaho. With bond placed, Magellan has hired a contractor to commence work immediately. This includes rehabilitating roads leading to the Center Star Gold Mine and reopening [...]
Magellan Gold Corp. today announced that the Company has received a permit from the U.S. Forest Service to reopen the portals to the Center Star Gold Mine in Idaho. The issuance of the permit will allow Magellan to rehabilitate the roads leading to the Center Star Gold Mine and reopen the mine’s main portal and emergency access portal. The Company [...]
Magellan Gold Corp. today announced the appointment of Michael Lavigne as President and Director effective August 1, 2020. In addition to Mr. Lavigne, Gregory Schifrin was also appointed as Director, following the Company's acquisition of Clearwater Gold Mining Corporation announced in July 2020. Mr. Lavigne has been involved in the mining industry [...]
Magellan Gold is pleased to announce that the company has acquired additional unpatented mining claims in proximity to the unpatented claims comprising the historic Center Star Gold Mine near Elk City, Idaho which was acquired effective July 1, 2020. The company has added an additional 320 acres of land to increase its holding to a total of 620 [...]
Magellan Gold is pleased to announce that it has entered into a stock purchase agreement to acquire Clearwater Gold Mining Corporation which owns certain unpatented mining claims in Idaho County, Idaho that include the historic Center Star Gold Mine near Elk City, Idaho. The Center Star Mine hosts high grade gold mineralization that was discovered [...]
Magellan Gold is pleased to announce that it has entered into a stock purchase agreement to acquire Clearwater Gold Mining Corporation which owns certain unpatented mining claims in Idaho County. Idaho that include the historic Center Star Gold Mine near Elk City, Idaho. The Center Star Mine hosts high grade gold mineralization that was discovered [...]
Magellan Gold announced today the redirecting its focus toward domestic United States precious metal opportunities as the best path forward to maximize shareholder value. As part of the new direction, effective May 31, 2020, David E. Drips has resigned as Chief Executive Officer, President, and Director of the Company. Going forward, Mr. Drips will [...]
Magellan Gold today announced it has entered into a binding Letter of Intent to sell 100% of its Silver District project in La Paz County, Arizona, to NV Gold Corporation for cash, NVX shares, and a minimum work commitment over a five-year period. Highlights of the Silver District Binding LOI Terms: Magellan grants NV Gold the exclusive right to [...]
Magellan Gold has entered into a binding agreement, dated October 16, 2019, with Golden Minerals Company for the assignment of the option to earn a 100% interest in the Santa Maria Project in Chihuahua State. The agreement provides for a 150-day period to complete due diligence and secure adequate funding and enter into a definitive agreement which [...]
Magellan Gold today announced agreements effective September 30, 2019 with its primary secured creditors and largest shareholder to convert an aggregate of $2.45 million of outstanding debt obligations into a newly-created series of Preferred Shares of the Company. The Preferred Shares will carry a $2.45 million liquidation preference, subject to [...]
Magellan Gold is pleased to announce the immediate appointment of David E. Drips as Chief Executive Officer, President, and Director of the Company. Mr. Drips replaces Dr. Pierce Carson who retired on June 1, 2019. David Drips has Over 45 years of experience in the mining and contracting industry as a miner, supervisor, engineer, project manager [...]
Magellan Gold today provided an update on its El Dorado Gold-Silver Mine and its SDA Mill located in Nayarit State. In March, the Company gained the support of the local permitting officials. It anticipates the new federal administration will favor the permitting of El Dorado, including both environmental and explosives permits, allowing the mine's [...]