+1,that's what I'd do as well.Hit it with a fine steel wool and gun oil You might try a teflon pad and gun oil first.
Those Auto Mags all had a very rough blasted finish on them. You can use the rust to get a lower price I hope then I would have the gun Bead Blasted
There ARE jobs on guns where a Dremel is the best option(though NOT in this case).DO NOT ever get near a firearm with a Dremel tool.
Is all inclusive and should not apply.DO NOT ever
Bronze brush, lots of oil. I'll bet it comes off.