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Magna Gold Corp to Acquire San Judas Gold Project in Sonora in Mexico

Mining News - Published on Mon, 20 Jan 2020

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Magna Gold Corp announced that, further to its announcement on September 30, 2019, it has entered into an exploration and option to purchase agreement dated January 06, 2020, with Ricardo Estanislao Carranza Leon, Maria del Rosario Mendivil Bejarano and Ernesto Villaescusa Cordova, individuals resident in the Sonora State of Mexico, pursuant to which the Corporation has acquired the option to acquire a 100% undivided interest of two mining claims located in the municipality of Trincheras, Sonora, Mexico, for a five-year period. The transaction is an Exempt Transaction under the policies of the TSX Venture Exchange and consequently, approval of the Exchange is not required.

The Project consists of two contiguous claims covering an aggregate area of approximately 2,806 hectares located approximately 240 kilometers north-west along the Federal Highway 16 from the state capital, Hermosillo.

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Posted By : Rabi Wangkhem on Mon, 20 Jan 2020
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