RENO, NV / ACCESSWIRE / July 1, 2020 / Magellan Gold Corporation (OTCQB: MAGE) ("Magellan" or the "Company"), is pleased to announce that it has entered into a stock purchase agreement to acquire Clearwater Gold Mining Corporation ("Clearwater") which owns certain unpatented mining claims in Idaho County. Idaho that include the historic Center Star Gold Mine near Elk City, Idaho. The Center Star Mine hosts high grade gold mineralization that was discovered in the early 1900's. There was periodic historic production and development work done under different ownership through the 1980s. With the high-grade gold mineralization present, Magellan will be evaluating the historic mine data to assess the potential to develop a gold resource at Center Star. The project area is located 45 miles from Grangeville, Idaho and near the town of Elk City, Idaho.
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