M&A Deal Summary |
|
|---|---|
| Date | 2017-03-06 |
| Target | Rose - SDA Mill |
| Sector | Metals/Mining |
| Buyer(s) | Magellan Gold |
| Sellers(s) | Zephyr Energy |
| Deal Type | Divestiture |
| Deal Value | 2M USD |
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Magellan Gold is a U. S. public enterprise engaged in the exploration and development of gold and silver mines. Presently Magellan is focused on advancing its flagship Silver District Project in southwest mapArizona. Magellan also is actively seeking other quality projects with potential for early production. The Silver District Project has historic drilled resources containing 16 million ounces of silver and associated fluorspar, barite and lead-zinc. Mineralization is localized along strong epithermal vein systems having a collective strike length of eight miles. Previous drilling was confined to shallow open-pit depths in the oxide zone. Magellan plans to increase resources by further drilling beneath and along strike of the known deposits. The project appears to have excellent potential for development of a silver mine with by-products fluorspar, barite and lead-zinc. Magellan Gold was founded in 2010 and is based in Wallace, Idaho.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Metals/Mining) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2017) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-01-13 |
Magellan Gold - Silver District Project
La Paz County, Arizona, United States Magellan Gold Corp. - Silver District Project consists of over 2,000 acres of patented and unpatented mining claims and an Arizona state exploration permit, and covers all of the important historic mines and prospects in the Silver District. |
Sell | - |
| Category | Company |
|---|---|
| Founded | 2002 |
| Sector | Oil/Gas Exploration |
| Employees | 3 |
| Revenue | 1M USD (2016) |
Zephyr Energy is an natural resources company, diversified into oil & gas, to add to its existing exploration and mining assets. Rose is focused on the permitting of a 61 sq mile 3D seismic shoot in the Paradox basin in Utah, USA, where it is earning a 75% working interest in pprox. 130,000 acres and is targeting the Paradox Clastics. The large resources (Ryder Scott reported: 1.1billion barrels of oil and 2.2 T cubic feet of gas un-risked prospective (recoverable) hydrocarbon resources) and extensive infrastructure in the area supports strong economics even in current market conditions. Zephyr Energy was founded in 2002 and is based in London, the United Kingdom.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Metals/Mining) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2017) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
