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Magellan Gold to earn 50% stake in Rio Silver’s Peruvian Niñobamba silver project

Arm’s length parties Rio Silver and Magellan Gold have signed a nonbinding option agreement allowing Magellan to earn up to 50% of the Niñobamba silver project, in Peru.
Pending regulatory approval and following a 45-day due diligence period, the parties will sign a definitive agreement.