Precious Metals Timely Acquisitions Sets Plans for Future Growth Path for Long Term Mining Projects

Sep 12, 2016, 08:45 ET from FN Media Group, LLC

CORAL SPRINGS, Florida, September 12, 2016 /PRNewswire/ --

Despite the unknown certainty where interest rates are heading, some industry professionals have recently forecasted the precious metals sector, including copper, silver and gold, to remain strong through year's end, while silver is expected to reap the most benefits with the backing of a strong performance throughout 2016.  Mining companies in the markets today to keep an eye on are Magellan Gold Corporation (OTC:  MAGE), Newmont Mining Corporation (NYSE: NEM),  Southern Copper Corp. (NYSE: SCCO), First Majestic Silver Corp. (NYSE: AG) and Silver Wheaton Corp. (NYSE: SLW)

Magellan Gold Corporation (OTCQB:  MAGE) today announced that its Peruvian exploration venture with Rio Silver Inc. (RYO) has agreed to acquire three concessions from a Peruvian company owned jointly 60:40 byNewmont Mining Corporation (NYSE: NEM) and Southern Peru Copper Corporation (NYSE: SCCO). The concessions total 2,200 hectares and lie immediately west of and adjacent to Magellan's Niñobamba Silver-Gold Project, which is located 330 kilometers southeast of Lima in the Department of Ayacucho, Peru. Consideration for transfer of the concessions includes a small cash payment and a 2% NSR. The transaction includes an extensive database comprising geological, geochemical, geophysical and drilling data.

Read the full Magellan Gold (MAGE) Press Release at: http://financialnewsmedia.com/profiles/mage.html

"This acquisition adds substantially to the potential for a large, bulk tonnage, disseminated silver-gold deposit", said Dr. Pierce Carson, CEO. "The area under our control will be expanded to 31 square kilometers (7,660 acres), and the new concessions contain untested silver anomalies that appear to reflect direct extensions of the main mineralized zones at Niñobamba. In Peru and elsewhere, the "high sulfidation" style of gold-silver mineralization as represented at Niñobamba has produced world class precious metals deposits."  Previous exploration in the new concessions identified a number of gold-copper, gold-silver and silver exploration targets, of which only four of the gold-copper targets received limited drilling. Several of the untested silver anomalies appear to be westward extensions of the main mineralized zones at Niñobamba, namely the North, Dilation, Escondida and South Zones. The South Zone, for example, on which trench samples show potential silver ore grades (42 meters grading 4.2 opt silver in Rio Silver's westernmost trench), appears to continue into the new concessions for 1,800 meters as a strong silver anomaly evident in the newly acquired data.

The majority of mining companies closed down this past Friday (September 9th) after concerns were raised about where the interest rates were heading as speculation is they were to head higher according to several reports.  Examples of the uncertainty of the interest rates affecting trading were:

First Majestic Silver Corp. (NYSE: AG) closed down over 7% on Friday at $12.31 trading over 7.8 Million shares by the market close.  First Majestic Silver engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver projects in Mexico. The company owns and operates six silver producing mines, including the La Encantada Mine, La Parrilla Mine, Del Toro Mine, San Martin Mine, La Guitarra Mine, and Santa Elena Mine.

Silver Wheaton Corp. (NYSE: SLW) closed down over 5% on Friday at $27.31 trading over 6.4 Million shares by the market close. Silver Wheaton operates as a precious metals streaming company worldwide. It has 19 long-term purchase agreements and 1 early deposit long-term purchase agreement associated with silver and gold relating to various 29 mining assets.

DISCLAIMER:  FN Media Group LLC (FNMG) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  FNMG is NOT affiliated in any manner with any company mentioned herein.  FNMG and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNMG's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.  All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  FNMG is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.  For current services performed FNMG has been compensated one thousand nine hundred dollars for news coverage of the current press release issued by Magellan Gold Corporation by the company. FNMG HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.

Contact Information: Company:  FN Media Group, LLC Contact email: editor@financialnewsmedia.com Phone: +1-954-345-0611 URL: http://www.financialnewsmedia.com

SOURCE FN Media Group, LLC