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Two New Veins Discovered at Silver Project in Mexico
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The results should expand the resource and extend the mine life of the project co-owned by MAG Silver.


In a news release, MAG Silver Corp. (MAG:TSX; MAG:NYSE A) announced results from its 2019 diamond drill program at the Juanicipio property in Mexico.

MAG owns 44% of Juanicipio, and Fresnillo, the operator, owns 56%.

The 28-hole, 33,864-meter (33,864m) program expanded and upgraded the wide, high-grade Valdecañas Deep zone. Infill hole D5-12, for instance, demonstrated 5.7m grading 3,884 grams per ton (3,884 g/t) silver, 8.4 g/t gold, 8.4% lead, 9.7% zinc and 0.3% copper.

Drilling confirmed and expanded the wide, high-grade zones in the Anticipada vein. Highlight hole D6-6 showed 21.2m of 147 g/t silver and 1.2 g/t gold.

The drill campaign also confirmed and expanded to the south the Venadas vein with strong silver and gold grades. An intercept of 2.5m of 918 g/t silver and 1.8 g/t gold was encountered in hole 93P.

"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," MAG President and CEO George Paspalas said in the release.

Further, drilling led to the discovery of two new, northeast-trending veins, Valentina and Venadas II. Valentina hole M39 returned 0.7m of 1,216 g/t silver and 3.6 g/t gold. Venadas II hole P32 showed 1.2m grading 279 g/t silver and 0.7 g/t gold.

"The discovery of more northeast-trending veins close to the planned production areas, coupled with the expanding high-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," added Paspalas.

Infill and exploration drilling with four surface rigs is continuing at Juanicipio, the company stated.


1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: MAG Silver. Click here for important disclosures about sponsor fees.
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