M&A Deal Summary

NV Gold Acquires Magellan Gold - Silver District Project

On January 13, 2020, NV Gold acquired metals/mining company Magellan Gold - Silver District Project from Magellan Gold

Acquisition Highlights
  • This is NV Gold’s 3rd transaction in the Metals/Mining sector.
  • This is NV Gold’s 3rd transaction in the United States.
  • This is NV Gold’s 1st transaction in Arizona.

M&A Deal Summary

Date 2020-01-13
Target Magellan Gold - Silver District Project
Sector Metals/Mining
Buyer(s) NV Gold
Sellers(s) Magellan Gold
Deal Type Divestiture

Target

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.

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Buyer(S) 1

Buyer

NV Gold

Vancouver, British Columbia, Canada

Category Company
Founded 2007
Sector Metals/Mining
DESCRIPTION

NV Gold is a Canadian junior exploration company . The company has a proven management team and extensive connections to projects and financing. NV Gold is focused on maximizing shareholder value through acquiring and developing advanced gold projects. NV Gold was founded in 2007 and is based in Vancouver, Canada.


DEAL STATS #
Overall 3 of 3
Sector (Metals/Mining) 3 of 3
Type (Divestiture) 3 of 3
State (Arizona) 1 of 1
Country (United States) 3 of 3
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-02 Redstar- Exploration Assets

Nevada, United States

Redstar- Exploration assets consist of a 100% interest (less existing NSRs) in 11 exploration projects (the “Projects”) in Nevada, as well as the AngloGold-Ashanti database. The eleven (11) Nevada projects NVX proposes to acquire include both sediment-hosted and volcanic-hosted gold systems on important mineralized trends, including the Carlin Trend, the Cortez Trend and the Walker Lane.

Buy -

Seller(S) 1

SELLER

Magellan Gold

Wallace, New Mexico, United States

Category Company
Founded 2010
Sector Metals/Mining
DESCRIPTION

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
State (Arizona) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-06 Rose - SDA Mill

United States

Rose - SDA Mill comprises mineral processing mill operation in San Dieguito de Arriba, Mexico and its associated assets, licenses and agreements.

Buy $2M