Magellan Gold Corporation
Magellan Gold Corporation was formed and organized in September 2010 under the laws of the State of Nevada. We are an aspiring metals producer and our principal business is the acquisition and development of mineral resources. Magellan controls three projects: the SDA Plant, Mexico; the El Dorado Gold-Silver Project near the SDA Plant; and the Silver District Property, Arizona.
In November 2017, we completed the purchase of the SDA Plant in the State of Nayarit, Mexico. The SDA Plant is a fully-functional, permitted and staffed flotation plant that had operated commercially for ten years.
In July 2018, we executed an option agreement to acquire the El Dorado Gold-Silver Project, located 50 kilometers south of the SDA Plant.
Our asset in the United States of America is the district-scale Silver District Project in southwest Arizona. Historical drilling delineated 16 million ounces of silver. Potential for resource expansion is excellent and the Company is exploring options to advance additional drilling.