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MAG Silver Corp.
Summary
| Project: | Juanicipio | |
|---|---|---|
| Deposit: | Juanicipio | |
| Location: | Mexico | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| Date: | 11/7/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-11-2017: MAG Silver Corp. announces a PEA report for its Juanicipio deposit at the Juanicipio project. PEA results incl. pre-tax NPV (5%) of $1.14B, IRR of 44.5%. Vancouver, B.C. MAG Silver Corp. (TSX:MAG) (NYSE A:MAG) (“MAG”) is pleased to announce the | |
| Resources: | (refer to full report) | |
| CP/QP: | [Resources]: Adrienne Ross (AMC Mining Consultants (Canada) Ltd.) | |
| ABSTRACT: | Vancouver, B.C. MAG Silver Corp. (TSX:MAG) (NYSE A:MAG) (“MAG”) is pleased to announce the results of an independent National Instrument 43-101 Technical Report encompassing a new Mineral Resource estimate and Preliminary Economic Assessment (“PEA”) for the stand‐alone Juanicipio Joint Venture Project (“Juanicipio Project”) in Zacatecas State, Mexico, owned 44% by MAG and 56% by the operator Fresnillo plc (“Fresnillo”). The studies were commissioned by MAG and carried out by AMC Mining Consultants (Canada) Ltd. (“AMC”). Unless otherwise noted, all numbers are reported in US dollars on a 100% basis. The new 2017 PEA outlined below stems from the new Mineral Resource estimate and confirms the Juanicipio Project as a robust, high‐grade, high‐margin underground silver project exhibiting low development risks. The new PEA incorporates major overall project upgrades highlighted by the delineation and provision for mining of greatly expanded Indicated and Inferred Mineral Resources in the recently discovered (2015) “Deep Zone”. The volume of these new base metal‐rich Deep Zone Resources contributed to a significant expansion of project scope and enhancements to most aspects of the mine design; the most important being an increase of the planned production rate to 4,000 tonnes per day. Within the expanded scope of the new PEA the Juanicipio Project is projected to produce a payable total of 183 million silver ounces, 750 thousand gold ounces, 1.3 billion pounds of zinc and 812 million pounds of lead over an initial 19 years of mine life. | |
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