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Magellan Copper and Gold Corp. has signed a letter of intent to acquire the Ophir Creek Placer Gold Mine in Alaska from Village Gold, Inc., securing 100% ownership of the project, which encompasses 9 mining claims over approximately 620 acres. The mine is fully permitted and expected to commence operations in 2026, with plans for exploration of a nearby hard rock deposit. Magellan views this acquisition as a strategic move to enhance gold production and shareholder value while advancing its other projects.