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MAG Silver Corp.
Summary
| Project: | Minera Juanicipio JV | |
|---|---|---|
| Deposit: | Valdecanas | |
| Location: | Mexico | |
| Commodities: | Gold-Silver-Lead-Zinc-Copper | |
| Date: | 8/15/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-8-2016: MAG Silver Corp. announces an Exploration/Drilling Update report for its Valdecanas deposit at the Minera Juanicipio JV project. Drilling results incl. 36.45m @ 0.50g/t Au, 235g/t Ag, 4.76% Pb, 5.79% Zn, 0.99% Cu from 889.75m. Vancouver, B.C. M | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Peter Megaw (Internal) | |
| ABSTRACT: | Vancouver, B.C. MAG Silver Corp. (TSX/NYSE MKT: MAG) (“MAG” or the “Company”) reports the confirmation and extension of wide high-grade mineralization from the Deep Zone discovery on the Minera Juanicipio joint venture property (Fresnillo plc 56%; MAG 44%) previously announced April 23, 2015. Valdecañas is an en echelon vein system comprised of overlapping East and West Veins. The drill results from twelve (12) step-out exploration holes demonstrate continuity of highgrade, multi-stage precious and base metals mineralization now beneath both the East and the West Vein Bonanza Zones, as shown in the table and figures below. Mineralization is traceable over a strike length exceeding 800 metres and to a depth of 200 to 300 metres beneath the current resource estimate. Mineralization widths range from approximately 5 metres to over 29 metres with the thickest intercepts occurring where the dip of the veins steepen creating thickened “dilatant zones” (see Figures 3 & 4) that remain open to depth and laterally to the joint venture boundaries: approximately 450 metres to the west and over 700 metres to the east. “We are delighted to confirm wide, deeper mineralization with high-grade silver, gold, lead, zinc and now consistent copper in our deep drilling”, said George Paspalas, President and CEO of MAG. “Results show that a widening zone occurs below the Bonanza Zone and that these structures remain open to depth and more significantly, laterally. The Deep Zone discovery is still in its early days and we look forward to results from the newly approved US$1.2 million drill program currently underway with six rigs turning on the joint venture property.” | |
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