May 18, 2010 (Baystreet.ca) --
TORONTO, Canada: Ubika Research has released a profile report on Magellan Minerals Ltd (TSX VENTURE: MNM) under its new weekly series called “Junior Resource Stock of the Week” that identifies interesting junior exploration companies.
Magellan Minerals Ltd (TSX VENTURE: MNM) is a Canada-based exploration-stage company focusing on the acquisition, exploration and development of gold and other precious and base metal properties in Tapajós region of Northern Brazil. The Tapajós region in Brazil is the world’s third largest alluvial gold province and is estimated to have produced 20-30 million oz of gold. Kinross Gold (TSX:K) and Newmont Mining (NYSE:NEM) are both significant shareholders in Magellan Minerals Corp. This area is active as Eldorado Gold (TSX:ELD) last week gave an offer to acquire Brazauro Resources (V.BZO), agreeing to pay 92% premium to the closing share price of Brazauro stock on May 11, 2010
Our past “Junior Resource Stock of the Week” research reports include:
• Rainy River Resources Ltd (TSX VENTURE: RR) up 125% in last one year
• PC Gold Inc (TSX:PKL) up 164% in last one year
To read the full report and “what is interesting” about Magellan Minerals Corp (TSXV:MNM) and other recently issued profile reports visit “Junior Resource Stock of the week” section in www.smallcappower.com
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