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Magna Gold to acquire San Judas project in Mexico

Magna Gold Corp. entered into a binding letter of intent for an option to acquire the 2,806-hectare San Judas gold project in Mexico.

To own the property, Magna Gold must pay US$1.7 million, plus taxes, over five years.

The company will have the exclusive right to undertake due diligence for up to 90 days before signing a definitive deal.