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Magna Gold Corp.
Summary
| Project: | San Francisco | |
|---|---|---|
| Deposit: | San Francisco | |
| Location: | Mexico | |
| Commodities: | Gold | |
| Date: | 6/22/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-6-2020: Magna Gold Corp. announces a Supporting Acquisition report for its San Francisco deposit at the San Francisco project. Summary of property in support of acquisition. Magna Gold Corp. (TSXV: MGR, OTCQB: MGLQF) (MGR or Magna) has retained Micon I | |
| Resources: | x | |
| CP/QP: | [Overall Report] William J. Lewis, Richard M. Gowans, Rodrigo Calles-Montijo (Micon International Ltd.,Servicios Geologicos IMEx, S.C.) | |
| ABSTRACT: | Magna Gold Corp. (TSXV: MGR, OTCQB: MGLQF) (MGR or Magna) has retained Micon International Limited (Micon) to prepare an independent Technical Report for the San Francisco Gold Project (San Francisco Project or the Project) in the state of Sonora, Mexico. The purpose of this Technical Report is to support disclosure for Magna Gold Corp.’s acquisition of 100% of Alio Gold Inc’s. (Alio) indirect wholly-owned subsidiary Molimentales del Noroeste, S.A. de C.V., (Molimentales) which owns a 100% interest in the San Francisco Mine and the surrounding mineral concessions from Timmins GoldCorp Mexico S.A. de C.V. (Timmins), a wholly-owned subsidiary of Alio. Micon’s most recent Technical Report for the Project was entitled “NI 43-101 F1 Technical Report, Updated Resources and Reserves and Mine Plan for the San Francisco Gold Mine, Sonora, Mexico”, dated May 25, 2017. That Technical Report was filed by Alio on the System for Electronic Document Analysis and Retrieval (SEDAR, www.sedar.com). Micon has written 10 prior reports on the San Francisco Project for Alio since 2005. | |
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