Magellan Gold Corp. (MAGE)

[wealthmoney]

MAGE News Coming! Magellan Announces Restart of SDA MillPress Release | 03/05/2018
Magellan Announces Restart of SDA Mill
PR Newswire

RENO, Nevada, March 5, 2018

RENO, Nevada, March 5, 2018 /PRNewswire/ --

Magellan Gold Corporation (OTCQB: MAGE) ('Magellan' or 'the Company') announced that it has rehired employees and is restarting its 100% owned SDA Mill, Nayarit State, Mexico. Initially, operations will reprocess tailings located at the mill site. The tailings are waste products left from previous processing of ore but still contain low values of gold and silver. Recovery of a portion of these remaining precious metals is expected to defray holding costs of the mill while new ore sources are acquired. The mill last operated in November 2017 and processed third-party ore on a toll basis. The Company completed acquisition of the SDA Mill in November 2017.

"The reprocessing operation will offset holding costs and allow the mill to remain in a fully operational status," said Pierce Carson, CEO. "Meanwhile, we are continuing to focus on securing sources of high-grade gold and silver ore that can be trucked to the mill for processing. We are close to being able to announce the acquisition of an attractive property that will allow us to resume mining operations, build production and increase cash flow."

About Magellan Gold Corporation