Exhibit 10.2


 


 





MANAGEMENT PRESENTATION JULY 2019



    	 		 



    	 



    



Certain of the statements made and information contained in this presentation may contain forward - looking information within the meaning of applicable United States securities laws . Such statements are based on good faith assumptions that Magellan Gold Corporation believes are reasonable but which are subject to a wide range of uncertainties and business risks that could cause actual results to differ materially from future results expressed, projected or implied by such forward - looking statements . Factors that could cause actual results to differ from those anticipated are discussed in Magellan Gold Corporation’s periodic filings with the Securities and Exchange Commission . Cautionary Note to U . S . Investors : The United States Securities and Exchange Commission permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can legally extract or produce . Under SEC Industry Guide 7 standards, a "final" or "bankable" feasibility study is required to report reserves . We use certain terms in this presentation, such as “resources”, “geologic resources”, ”measured”, ”indicated” and “inferred”, that the SEC guidelines strictly prohibit us from including in our filings with the SEC . U . S . investors are urged to consider closely the disclosure in our latest Form 10 - K and other reports filed with the SEC . You can review and obtain copies of these filings from the SEC’s website at http : //www . sec . gov/edgar . shtml . 2 OTCQB: MAGE WWW.MAGELLANGOLDCORP.COM FORWARD  LOOKING STATEMENT



    	 		 



    	 



    



OVERVIEW □ Magellan Gold Corporation (OTCQB : MAGE) is a US public enterprise focused on exploration and development of gold and silver mines . □ Magellan has an experienced management team capable of successfully executing the Company’s goals . □ Magellan has completed acquisition of the operational SDA Processing Plant ; located in San Dieguito de Ariba, in the State of Nayarit, Mexico . □ Magellan controls two resources : a silver resource in Arizona, and a gold - silver resource in Nayarit, Mexico . □ Magellan is developing plans to start production from the El Dorado gold - silver resource that is in the state of Nayarit, using the SDA plant to process the extracted ore . 3 OTCQB: MAGE WWW.MAGELLANGOLDCORP.COM



    	 		 



    	 



    



 VISION 4 OTCQB: MAGE WWW.MAGELLANGOLDCORP.COM • To  gain  entry  level  precious  metal  production  in  the  first   half  of 2020 • To  Develop  a  Multi - Million  Ounce  Precious  Metals  Portfolio   by  the  end  of 2020 STRATEGY • Gain  near  term  stable  production  for  the  SDA  plant   (Magellan  owned  flotation  facility,  located  in  San  Dieguito   de  Ariba,  Nayarit, Mexico) • Continue to acquire and develop properties that will add profitable production through processing ore in the SDA plant • Continue  to  review  and  select  properties  that  will  yield   potential  metal  production  from  mining operations VISION  & STRATEGY



    	 		 



    	 



    



GENERAL  LOCATION MAP DRILLED RESOURCE Ag,Au ACQUIRED EL  DORADO Au,AG PROSPECT C u , P b , Z n , A u , A g DRILLED  RESOURCE   Au,AG ACQUIRED   SDA PLANT ACQUIRED SILVER  DISTRICT Ag,Pb,Zn MAGELLAN   C O N T R O L L E D CURRENTLY   UNDER  REVIEW MAZATLAN YUMA MEXICO CITY DENVER SAN FRANCISCO LOS ANGELES PROSPECT Ag,Pb,Zn 5 OTCQB: MAGE WWW.MAGELLANGOLDCORP.COM



    	 		 



    	 



    



 SDA  MILL: DESCRIPTION □ Two  product  differential flotation  plant  – fully  operational  and permitted □ Small  batch leach  circuit  for  processing   high  grade  oxide ores □ 10  Years  of  operating  history  processing   internally  mined  ore  and  toll  processing   third  party ores □ Processing  capacity  of  100  to  150 tonnes   per  day,  depending  on  the  required grind □ Plant  laboratory  capable  of  processing  50   samples  per day □ The  plant  and  laboratory  is  sufficiently   staffed  for  a  24 - hours  per  day, seven - days   per  week operation 6 OTCQB: MAGE WWW.MAGELLANGOLDCORP.COM



    	 		 



    	 



    



 SDA  MILL: STRATEGY □ Acquire  a  steady source  of  feed  for  the   SDA  plant;  mined  ore  and  area  toll milling   opportunities □ Use  the  proceeds  from  the  plant operation   to  acquire  other  properties  near  the  SDA   plant  that  show  a  reasonable  chance  of   near  term production □ Add  a  continuous  CN  circuit  to  the SDA   plant to  enable  the  processing  of  oxide   ores  that  exist  in  the  SDA/Nayarit  plant   area □ Make  lab  service  available  to  the  local   artisanal  miners  which  should  build  a   working  relationship  with  the  miners,  and   Magellan  will  get  an  insight  to  the  ore   grades  that they  are investigating. 7 OTCQB: MAGE WWW.MAGELLANGOLDCORP.COM



    	 		 



    	 



    



 EL  DORADO:  AU - AG  MINING CONCESSION □ Signed  agreements  to  acquire  50 - hectare  El  Dorado  mining  concession,  and  the   Minetas  Ejido  for  land usage. □ The  project  is  located  50  km  south  of  SDA Mill. □ Historical  production  of  high  grade  Au - Ag  ore  from  epithermal  veins  at  El   Hundido  and  El Dorado mines. Past  metallurgical  results  indicate  the  ore is   amenable  to  floatation  yielding  a  bulk concentrate. □ Drilling 2010 - 20 1 along  strike  from  the  old  mines  identified  new  resources  with   reasonable  grades  and  widths  for  underground mining. □ Initial  mine  planning  indicates  that  the  mine  could  supply  100 - percent  of  the  daily   feed  required  by  the  SDA plant. □ The  initial  mine  re - opening  operation  could  be  started  in 4Q2019. □ The  El  Dorado  vein  system  extends  over  3 - kilometers  along  strike  and  offers   additional  exploration  upside.  Targets  include  high  grade  veins  minable   underground  and  lower  grade  bulk - minable  stockwork zones. 8 OTCQB: MAGE WWW.MAGELLANGOLDCORP.COM



    	 		 



    	 



    



 EL  DORADO:  MINERALIZATION,  GEOGRAPHY, LOCATION 9 OTCQB: MAGE WWW.MAGELLANGOLDCORP.COM



    	 		 



    	 



    



 EL  DORADO:  LONG  SECTION  SHOWING  DRILL RESULTS OTCQB: MAGE 10 WWW.MAGELLANGOLDCORP.COM



    	 		 



    	 



    



 EL  DORADO: RESOURCE □ 28 holes  totalling  4,950  meters  drilled in 2010 - 20 1 by  TSX.V company. □ Drilling  intersected  multiple  steeply - dipping  mineralized  zones  extending  from   near - surface  to  a  drilled  depth  of  150 meters. □ The resource,  non  43 - 101  compliant ,  was  developed  using  the  following criteria: □ Core  inspection,  core  photos,  and  drill  sections  were  used  to  verify  the continuity   displayed  in  the  long section □ Widths  and grades capped  to  the 92.5 - percentile □ 25 - Meter  maximum  radius  for  polygonal development □ The  following  resource  description  is  non  43 - 101  compliant : □ In - Situ  Ore  Blocks:  109,000 - tonnes  at  5.5 - gpt  Au,  133.0 - gpt Ag □ Minimum  mining  width  is 2.4 - meters □ In - stope  dilution:  1  7,500 - tonnes  at  4.9 - gpt  Au,  1  8.0 - gpt Ag □ Mineable  resource  using  all  blocks  (including  ore losses):  1  1,000 - tonnes  4.7 - gpt  Au,   1  2.4 - gpt Ag □ Stoping  will  be  accomplished  using  the  Archibald  Cut  and  Fill method □ Economic  mineable  resource  using  current  criteria:  52,000 - tonnes,  6.0 - gpt  Au,  132.9 - gpt Ag OTCQB: MAGE 11 WWW.MAGELLANGOLDCORP.COM



    	 		 



    	 



    



 EL  DORADO:  PLANNED WORK GENERAL  PLAN:  Re - open  the  El  Hundido  underground  workings to  confirm  the  results  of  the   2010 - 20 1 exploration  program.  In - situ  ore  that  is  accessed  during  the  reopening  will  be   mined  and  transported  to  the  SDA  plant  for  processing.  Satisfactory  results  from  the  re - opening  will  result  in  continued  exploration  west  along strike. □ Finalize  the  planning  and  analysis  for  the  operation  of  reopening  the mine. □ Pursue  acquiring  other  concessions  in  the area. □ Start  the  permitting  process  for  the  El  Dorado  mine  area  (Semarnat,  Explosives,   Conagua).  Permitting  will  take  approximately  one - year  for  a  mine  this size. □ Develop  surface,  infrastructure  and  underground plans. □ Locate  and  negotiate  for  the  small  fleet  of  mining  equipment  required,  including  the   equipment  required  for  ventilation,  power,  compressed  air  and  mine drainage. □ Contact  exploration  companies  to  determine  availability  and  cost  of  continued  drilling  west   along strike. OTCQB: MAGE 12 WWW.MAGELLANGOLDCORP.COM



    	 		 



    	 



    



 SILVER DISTRICT:  HISTORY  and LOCATION □ The  Silver  District  was  discovered  in  1862.   Historic  recorded  production  during  1883 - 1893  was  1.56  million  ounces  silver  and 2.3   million  pounds  lead.  This  production  came   mainly  from  underground operations  at the   Red  Cloud  and  Clip mines. □ From  1973 - 1992,  New  Jersey  Zinc Company   and  Orbex  Minerals  Ltd  and  its  successor   companies  drilled  465  shallow  holes  for  an   aggregate  length  of  62,866  feet,  conducted   metallurgical  test  work  and  carried  out   scoping  studies.  In  1991,  silver  resources   were  estimated as 3,560,2 1 tons grading 4.46  opt  silver  (15,883,500  ounces  contained   silver). Ƒ In  2014,  Magellan  drilled  3  holes,  one  of   which  was  designed  to  confirm  results  of   historic  drilling.  Magellan  core  hole  PA - 1  at   the  Papago  deposit  intersected 90  ft grading 6 . 05 opt silver . which compares favorably to the historic RC hole result of 90 feet grading 5 . 78 - opt silver . OTCQB: MAGE 13 WWW.MAGELLANGOLDCORP.COM



    	 		 



    	 



    



 SILVER DISTRICT: VEINS BLACK  ROCK  VEIN  AND   WORKINGS PACIFIC  VEIN OUTCROP DRILLING  2014 PAPAGO OTCQB: MAGE 14 WWW.MAGELLANGOLDCORP.COM DRILLING  2014  RED CLOUD



    	 		 



    	 



    



CAPITAL  STRUCT  (POST 1:50  REVERSE  SPLIT  IN  JAN 2019) Trading symbol :   Trading  range  (52 weeks) :   Market capitalization ($2.00) :   Shares  issued  &   outstanding : Shares  fully  diluted : Warrants : OTCQB: MAGE 15 WWW.MAGELLANGOLDCORP.COM Stock Options  Convertible  Note Shares :   Largest  shareholder (individual): Management : MAGE (OTCQB) $0.80  to $3.80 $7.1 million 3.60 million 4.53 million 300k,  $1.00,  expiration  July  31, 2019   300k,  $3.00,  expiration  August  2019   72k,  $2.00,  expiration 2027 325k,  $1.00  &  $1.25,  convertible  in  2019   40.5% 21.5% MAGELLAN  GOLD CORPORATION



    	 		 



    	 



    



INVESTMENT SUMMARY □ Magellan  is  an  exploration  and  development  company focused  on  precious  metal   production. □ Magellan’s  management  team  has  extensive  experience  in  developing  and   advancing  mineral  assets  to production. □ The  SDA  Mill  and  El  Dorado  mining  operation  will  transform  Magellan  into  a   production company. Mine  Development  in  4Q2019  with  possible  production  in first   half  of 2020. □ Our  strategy  is  to  build  production  through  acquisition  of  near  production  sources  of   high - grade gold and silver ore that can be processed with the SDA Plant. El   Dorado  is  the  initial  acquisition  that  appears  to  fit  our strategy.  Other  attractive   properties  have  recently  been  identified  and  are  under  current review. □ Magellan has been “under the radar” and has a small float and small market   capitalization.  1:50  reverse  split  (Jan  7,  2019)  has  been  positively received. OTCQB: MAGE 16 WWW.MAGELLANGOLDCORP.COM



    	 		 



    	 



    



 EXPERIENCED MANAGEMENT OTCQB: MAGE 17 WWW.MAGELLANGOLDCORP.COM David  Drips,  President,  CEO  and Director A graduate of Colorado School of Mines, BS Mining Engineering, with over 45 years of experience in the mining and contracting industries . Mr . Drips has experience with the operation of underground and surface mines, gassy and non - gassy mines, flotation, SX/EW and hydro - metallurgical plants . David has worked at projects in ten foreign countries, managing the business units, and dealing with foreign labor unions   in some cases. Mr.  Drips  has  worked  with  Hecla,  Pan  American Silver, Endeavour  Silver,  Breakwater  Resources,  and  Golden Minerals. Frank  Pastorino, COO Mr. Pastorino  has  an  MBA  from  the  University  of Louisville. Frank  has been involved with the mining industry for over fifteen years, working at projects in four foreign countries . Mr . Pastorino has experience with surface mining operations, floatation plants and all facets of the required business units . His experience includes the financing and marketing associated with start - up projects . Frank has worked with Kapan Ore Mining and processing, Global Gold Mining LLC, and MBMI Resources . Joaquin  Rodriguez,  Consulting Geologist Mr . Rodriguez graduated from Universidad Autónoma de Chihuahua, Chihuahua in 1987 with a degree in Geology . Joaquin has worked in the mining industry for 32 - years, holding the positions of mine geologist, exploration geologist, mine manager, and mining consultant . Joaquin has been responsible for large scale exploration programs, production geology programs, and mine planning and management . Mr . Rodriguez has worked with Chihuahua Bureau of Mines, Minera Glamis, Minera Williams, and Golden Minerals .



    	 		 



    	 



    



EXPERIENCED MANAGEMENT OTCQB: MAGE 18 WWW.MAGELLANGOLDCORP.COM Michael  Martinez,  CFO,  Secretary  and Treasurer Michael P . Martinez, CPA, was appointed CFO, Secretary and Treasurer in September 2017 . He brings 25 years of financial management and accounting experience with private and public companies . Currently Mr . Martinez is CFO of GandyDancer, LLC, a company that operates in heavy construction . Previously he worked as a senior financial manager with Ernest Healthcare, served as CFO of Santa Fe Gold Corporation, and was employed as a financial officer for an aerospace manufacturer . Early in his career, Mr . Martinez served as a staff accountant for KPMG Peat Marwick . Mr . Martinez graduated Cum Laude from the University of Arizona with a B . S . in Business Administration . He is a certified public accountant and a member of the New Mexico Society of CPAs . John  Power, Director John C . Power, co - founder and director of the Company, has served in senior capacities since the Company’s inception in 2010 . Mr . Power has 30 years experience in managing public and private companies across diverse industries including mining, oil and gas, real estate, broadcasting and a closed - end mutual fund . Mr Power also is president and a director of Athena Silver Corporation (OTCBB : AHNR) and serves as co - manager of Silver Saddle Resources, LLC . , a private exploration company . Mr . Power attended Occidental College and the University of California at Davis .



    	 		 



    	 



    



W WW . M A GE LL A N G O L D C O R P . C O M O T C Q B : M A G E 19 www.magellangoldcorp.com David  E  Drips,  President  &  CEO   dedrips@msn.com