Magellan Signs Letter of Intent on Pocone Project, Brazil
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 3, 2014) -
Magellan Minerals Ltd. (TSX VENTURE:MNM) ("Magellan") is pleased to announce that it has signed a binding Letter of Intent with Ross Beaty ("RB") to partner on its interests in the Pocone gold belt in the state of Mato Grosso in western Brazil.
Magellan holds interests in two joint ventures in the Pocone area that include approximately 64,090ha which are held in a 50:50 joint venture with a private Canadian company, ECI Exploration and Mining Limited ("ECI"). In addition, Magellan owns a 35% interest in Pocone Gold Mineracao Ltda ("Pocone Gold"), a private Brazilian company which is also 35% owned by ECI, and a private Brazilian company called Brasil Central Engenharia Ltda which owns a 30% interest. Pocone Gold controls approximately 122,390 ha in the Pocone region..
Link: http://online.wsj.com/article/PR-CO-20140303-903525.html#
Quelle: bigcharts.com
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