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MAG Silver Corp.
Summary
| Project: | Minera Juanicipio JV | |
|---|---|---|
| Deposit: | Valdecanas | |
| Location: | Mexico | |
| Commodities: | Gold-Silver-Lead-Zinc-Copper | |
| Date: | 3/3/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 3-3-2020: MAG Silver Corp. announces an Exploration/Drilling Update report for its Valdecanas deposit at the Minera Juanicipio JV project. Drilling results incl. 5.7m @ 3884g/t Ag, 8.4g/t Au, 6.5% Pb, 9.7% Zn, 0.3% Cu from 989.45. Vancouver, B.C. MAG Silv | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Megaw, Lyle Hansen (Internal) | |
| ABSTRACT: | Vancouver, B.C. MAG Silver Corp. (MAG: TSX / NYSE A) ("MAG") announces results from the 2019 28-hole (33,864 metre ("m")) diamond drilling program on the Juanicipio Joint Venture Property (Fresnillo plc 56% / MAG 44%). The program expanded and upgraded the wide, high-grade Deep Zone and confirmed additional northeast-trending veins (See Press Release dated March 4, 2019). Continued in-fill and exploration drilling on other targets is ongoing in 2020, with four surface rigs running concurrently with mine development and construction (see Joint Venture Press Release dated February 24, 2020). "With production from the Bonanza Zone in sight, we are very pleased that the 2019 drilling program lived up to expectations by improving the understanding of the Deep Zone, which should add many years of life to the mine," said George Paspalas, President and CEO of MAG. "The discovery of more northeast-trending veins close to the planned production areas, coupled with the expanding high- MAG Silver Corp. 2 grade Anticipada and Pre-Anticipada veins, should add significantly to the growing mineral endowment of the project and, importantly, provide considerable mining flexibility throughout an extended mine life.” | |
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