Participatory Agreement Regarding The Historic Atlantic Cable Gold Mine

WALLACE, ID - Magellan Copper and Gold Corp. has entered into an agreement with Gold Express Mines for a joint venture participatory agreement on the historic Atlantic Cable Gold Mine located about midway between Anaconda, Montana and Philipsburg, Montana.

The Cable Mine is widely considered one of Montana's top tier bonanza-grade gold producers and is known for its museum quality specimen gold. The Cable property was discovered in 1866 and saw several periods of active operations before being closed by the War Powers Act of 1942.

The Cable property consists of 480 acres of patented ground and 500 acres of unpatented mining claims. Labor and other services are available in both Anaconda and Philipsburg, 14 and 20 driving miles away, respectively. A likely location for processing of Cable ore is a fully permitted milling facility located at Philipsburg.