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Magna Gold Corp V.MGR.H

Metals & Mining Industrial Metals & Minerals
Magna Gold Corp. is a Canada-based gold and silver production company. It is engaged in acquiring, exploring, developing and operating precious metal properties in Mexico. It is advancing its 100% owned flagship San Francisco Mine, its Margarita Silver Project and other highly prospective mineral properties located in Sonora and in Chihuahua. The San Francisco mine is situated in the north central portion of the state of Sonora, Mexico, approximately 150 kilometers (km) north of the state capital city of Hermosillo. The project covers approximately 47,395 hectares (ha). San Judas is an early-stage exploration property, located 240 km to the northwest of the state’s capital city of Hermosillo and runs along Federal Highway 16, covering a total aggregate area of 2,806 ha. The Mercedes Property consists of two contiguous claims covering an aggregate area of approximately 345 ha located approximately 250 km east-southeast along Federal Highway 16 from the state capital, Hermosillo.


TSXV:MGR.H - Post by User

Magna Gold Corp
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Post by backwoodstraderon Dec 08, 2010 12:42pm
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Post# 17818749

Doubled my position

Doubled my positionGreat deal found here today. I like this...
 
The letter of intent signed by Murgor and Victoria Gold Mines East Timmins Limited contemplates a due diligence period of 60 days ending Jan. 1, 2011, during which Murgor will verify all historical data and permits relating to the property, and carry out the aforementioned diamond drilling program of up to 1,200 meters.
 
Lets me believe results will be out quickly rather than the "wait for PP closing before releasing results" like some companies.
 
Also you know they are going to go for the best drill intersections they can get so they can prove up the validity of the deal... aka twin historic high grade holes.
 
BWT
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities