Magellan Gold Corporation Enters into an Agreement to Acquire the Santa Maria Mine from Golden Minerals Company

Magellan Gold Corporation_23102019

Magellan Gold Corp (OTCQB:MAGE) (the “Company“) has entered into a binding agreement, dated October 16, 2019, with Golden Minerals Company ( “NYSE:AUMN“)(“Golden”)  for the assignment of the option (the “Transaction“) to earn a 100% interest in the Santa Maria Project in Chihuahua State, Mexico. The agreement provides for a 150-day period to complete due diligence and secure adequate funding and enter into a definitive agreement (the “Definitive Agreement “) which will formalize the Transaction. Golden currently owns a 100% interest in the Santa Maria Mine, subject to US$200,000 in property payments.

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