TSXV: MGR
Last: 0.74
Change: -0.09
Vol: 17,300
OTCQB: MGLQF
Last: 0.56
Change: 0.01
Vol: 30,500

A Growing Gold Producer in Mexico

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TSXV:MGR

OTCQB:MGLQF

0.74
-0.09
17,300
0.56
0.01
30,500
Last updated: 2020-05-28

About Company

Magna is a mineral exploration company focused on acquiring, exploring and developing quality properties in Mexico with potential for the discovery of significant gold – silver deposits.

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Mercedes Project

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San Francisco Project

Project Location
Santa Ana, Sonora, Mexico
Land Position
47,395 Ha
Metals
Gold and Silver

The San Francisco property 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 is comprised of two previously mined open pits (San Francisco and La Chicharra), together with heap leach processing facilities, and associated infrastructure located close to the San Francisco pit. Currently, the leach pads are on a residual leach cycle with no mining being conducted.

Magna’s plan to restart mining and processing operations is targeted for Q3 2020

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San Judas Project

Project Location
Trincheras, Sonora, México
Land Position
2,806 Ha
Metals
Gold

San Judas is an early stage exploration project hosting structurally controlled mineralization within lithologies similar in age to the La Herradura and San Francisco gold mines. The project is located at the southern end of the Caborca Orogenic Gold Belt or Sonora Mojave Mega Shear, a trend known to host multiple orogenic gold-bearing deposits within an area extending from north-western Mexico into the southwestern United States measuring more than 600 km long and 60 to 80 km wide.

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Mercedes Project

Project Location
Yecora, Sonora, México
Land Position
1,239 Ha
Metals
Gold and Silver

Mercedes is an exploration property located within the Sierra Madre Occidental province, a historically productive, regionally extensive Tertiary volcanic field which stretches from the United States/Mexico border to Central Mexico. Previous work at the La Lamosa area, one of the mineralized targets within the mining concessions, reports disseminated gold mineralization hosted within an andesitic and rhyodacitic volcanic complex intruded by a quartz-feldspar porphyry (QFP). Gold and silver are target commodities sought at Mercedes and the property exhibits textures and alteration consistent with high sulphidation epithermal mineralization, typical of important discoveries in the region.

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