MAG Silver Corporation

Published : March 12th, 2014

Reports Juanicipio Project Obtains Explosives Permit

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Keywords :   Canada | Commodities | Growth | Lead | Market | Silver | Zinc |
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MAG Silver Corp.
TSX: MAG
NYSE MKT: MVG
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March 12, 2014
MAG Silver Reports Juanicipio Project Obtains Explosives Permit
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 12, 2014) - MAG Silver Corp. (TSX:MAG)(NYSE MKT:MVG) ("MAG" or the "Company") announces that the contractor hired by Fresnillo plc to construct the ramp decline on behalf of the Minera Juanicipio S.A. de C.V. Joint Venture, has received its full explosives permit from the Mexican Ministry of Defense. Development of the Juanicipio ramp decline is now being advanced with conventional drill and blast cycles as well as with the continuous miner.

Up to this point, all decline advancement had been accomplished solely with a continuous miner, and the rate of advance slowed at times when zones of harder rock were encountered. With the explosives permit in hand and the addition of conventional drill and blast cycles, the advance rate should improve substantially.

"Having access to a full explosives permit is a big step forward for the Joint Venture and greatly enhances the ability to advance the decline ramp," said George Paspalas, MAG Silver's President and CEO.

About MAG Silver Corp. (www.magsilver.com)

MAG Silver Corp. (TSX:MAG)(NYSE MKT:MVG) is focused on advancing two significant projects located within the Mexican Silver Belt. Our mission is to become one of the premier companies in the silver mining industry. Currently, we are advancing the underground decline towards the high grade Valdecanas Silver vein and delineating the Desprendido and Juanicipio discoveries in Zacatecas State, all within the joint venture between MAG Silver (44%) and Fresnillo plc (56%). In addition, we are negotiating surface access in order to further delineate our district scale, 100% owned Cinco de Mayo property in Chihuahua state, where two new silver, lead, zinc discoveries are opening up further growth opportunities for MAG Silver Corp. MAG is based in Vancouver, British Columbia, Canada.

On behalf of the Board of

MAG SILVER CORP.

George Paspalas, President and Chief Executive Officer

Neither the Toronto Stock Exchange nor the NYSE MKT has reviewed or accepted responsibility for the accuracy or adequacy of this press release, which has been prepared by management.

This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the US Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts are forward looking statements, including statements that address future mineral production, reserve potential, exploration drilling, exploitation activities and events or developments. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Although MAG believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to, changes in commodities prices, changes in mineral production performance, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions, political risk, currency risk and capital cost inflation. In addition, forward-looking statements are subject to various risks, including that data is incomplete and considerable additional work will be required to complete further evaluation, including but not limited to drilling, engineering and socio-economic studies and investment. The reader is referred to the Company's filings with the SEC and Canadian securities regulators for disclosure regarding these and other risk factors. There is no certainty that any forward looking statement will come to pass and investors should not place undue reliance upon forward-looking statements.

Please Note:

Investors are urged to consider closely the disclosures in MAG's annual and quarterly reports and other public filings, accessible through the Internet at www.sedar.com and www.sec.gov/edgar/searchedgar/companysearch.html

CONTACT INFORMATION:
MAG Silver Corp.
Michael J. Curlook
VP Investor Relations and Communications
(604) 630-1399 or Toll free: (866) 630-1399
Fax: (604) 681-0894
info@magsilver.com
www.magsilver.com
INDUSTRY: Manufacturing and Production - Mining and Metals

If you no longer want to receive announcements from us, please do not reply to this e-mail. Instead simply click .
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

MAG Silver Corporation

EXPLORATION STAGE
CODE : MAG.TO
ISIN : CA55903Q1046
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MAG Silver is a silver development stage company based in Canada.

MAG Silver holds various exploration projects in Mexico.

Its main exploration properties are GUIGUI, SELLO, LAGARTOS, BATOPILLAS, NUEVO MUNDO, SIERRA RAMIREZ, CINCO DE MAYO and JUANICIPIO in Mexico.

MAG Silver is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 1.4 billions as of today (US$ 982.8 millions, € 922.1 millions).

Its stock quote reached its lowest recent point on August 13, 2004 at CA$ 0.54, and its highest recent level on April 18, 2024 at CA$ 16.75.

MAG Silver has 80 760 000 shares outstanding.

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12/19/2011(Juanicipio)Announces Additional Silver and Gold in Updated Juanicipio R...
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2/28/2011(Juanicipio)Announces High-Grade Juanicipio Vein Intercept
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1/8/2010(Cinco De Mayo)Extends Molybdenum-Gold Zone at Cinco De Mayo
11/10/2009(Cinco De Mayo)Expands High-Grade Molybdenum and Adds Significant Gold at C...
9/23/2009(Cinco De Mayo) Discovers High Grade Molybdenum With Gold at Cinco De Mayo
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7/10/2009(Juanicipio)Reports on the Juanicipio Joint Venture
2/24/2009(Juanicipio)Reports First Indicated Resource at Valdecanas, Juanicipio J...
1/8/2009(Juanicipio)Reports Discovery of New High Grade Encino Vein at Juanicipi...
12/10/2008(Cinco De Mayo)INTERSECTS MORE HIGH GRADE SILVER / LEAD / ZINC MINERALIZAT...
9/18/2008(Cinco De Mayo)Expands Silver / Lead / Zinc Mineralization At Cinco De Mayo
7/28/2008(Juanicipio)Reports High Grade Silver on East End of Valdeca=F1as Vein
7/16/2008(Juanicipio)Reports Deep Intersection of High Grade Silveron Valdeca=F1a...
7/8/2008(Cinco De Mayo)Expands "Jose Manto" At Cinco De Mayo With New High Grade Si...
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6/14/2012(Juanicipio)Reports Juanicipio Updated PEA Study Prepared by AMC
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1/23/2012(Juanicipio)Plans Increased Exploration at Juanicipio and Cinco De Mayo
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5/12/2011MAG Provides Update on Favourable ICC Arbitration Decision a...
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5/5/2011Reports on Favourable ICC Arbitration Decision
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5/20/2009 Reports Excellent Metallurgical Recoveries
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TORONTO (MAG.TO)AMEX (MVG)
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