Magnum Mining and Exploration sets sights on US copper-gold projects

Magnum Mining and Exploration (ASX:MGU) is acquiring three “high potential” high-grade copper-gold projects in the U.S., spread across both Arizona and Idaho – and better yet, they’re in historical gold mining regions.

Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.

“Initial surface samples were really good – we even called it bonanza,” Magnum Mining director Neil Goodman told HotCopper in an interview this week.

Two are close together in Arizona while a third is located further north in Idaho.

Next – Magnum will capitalise on the strong surface samples and progress the mines.

“We need to follow on from our surface samples there now and figure out what is there,” Mr Goodman explained. “[We will] do more sampling and mapping to develop more focused drilling plans and get [these] gold mines up.”

MGU closed at 0.6cps on Thursday arvo after no change.

Join the discussion. See what HotCopper users are saying about Magnum Mining and be part of the conversations that move the markets.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.