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Magna Gold Corp V.MGR.H

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

Bullboard Posts
Post by shiftmanon Mar 08, 2012 4:13pm
277 Views
Post# 19645794

talked to ir

talked to ir

excited about golden arrow project.

should have a good idea around end of this year if it is minable or not.

mentioned two operating mills in the area

dodged my Question since Murgor has never mined a project to date, will they operate and mine any current  one of their properties they have to date.

The answer yes we never mined but once we see if the golden arrow project is fesible then we can make a decison on operating it.

i think until Murgor come out and define their plan in writing sooner than later, there are better investments to put money in. Unles you like real estate stocks.

Got the feeling they are happy to make inside deals where they get bonuses, and options, director fees from the new company that buys the property investors get 10 cents a share when the deal goes through/

 

 

 

 

 

Bullboard Posts