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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.
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“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.
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