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MAG Silver Corp.
Summary
| Project: | Minera Juanicipio JV | |
|---|---|---|
| Deposit: | Valdecanas Deep Zone | |
| Location: | Mexico | |
| Commodities: | Gold-Silver-Lead-Zinc-Copper | |
| Date: | 2/14/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-2-2017: MAG Silver Corp. announces an Exploration/Drilling Update report for its Valdecanas Deep Zone deposit at the Minera Juanicipio JV project. Drilling results incl. 11.35m @ 333g/t Ag, 16.87g/t Au, 4.47% Pb, 3.77% Zn, 1.04% Cu from 961.2m. Vancouv | |
| 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 on 13 exploration and infill drill holes that further extend wide, high-grade mineralization in the Deep Zones (Table 1) of the Valdecañas Vein System on the Minera Juanicipio joint venture property (Fresnillo plc 56%; MAG 44%) previously announced August 15, 2016 and April 23, 2015. Valdecañas is an en echelon vein system comprising the overlapping East and West Veins with several hangingwall and footwall splays. The Deep Zone West has now been traced over 550 meters (“m”) in strike length, almost to the western claim boundary, with vein widths ranging from 11.4m to 26.5m and a minimum vertical height of 200m (Figure 1). The Valdecañas Vein System and the Anticipada Vein remain open in several directions (Figures 1 to 4) and three drill rigs are currently drilling to extend these veins: two on the west and one on the east. “We are very happy to have traced wide, high-grade mineralization in the Valdecañas Deep Zone West nearly to the western property boundary and see that the Anticipada Vein is fleshing out to significant size”, said George Paspalas, President and CEO of MAG. “Perhaps more exciting though are the numerous high gold values we’re seeing at depth, especially in the Deep Zone East. People think of Juanicipio as a highgrade silver project and now it appears to be shaping up into a sizable gold asset as well”. | |
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