MAG Silver Corporation

Published : April 23rd, 2015

Widest Intercepts to Date Extend High-Grade Valdecañas Vein to Depth

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  

Widest Intercepts to Date Extend High-Grade Valdecañas Vein to Depth

April 23, 2015
Widest Intercepts to Date Extend High-Grade Valdecañas Vein to Depth

405 g/t (11.8 opt) silver - capped; 2.7 g/t gold - capped, 3.2% lead, 4.1% zinc, 0.37% copper, over 34.35 m (true width of 26.45 m)

Including: 919 g/t (26.8 opt) silver - capped; 4.94 g/t gold - capped, 5.25% lead, 4.87% zinc, 0.62% copper over 13.25 m (true width of 10.20 m)

Vancouver, B.C. MAG Silver Corp. (TSX: MAG; NYSE MKT: MVG) ("MAG" or the "Company") reports new exploration results from the Valdecañas Vein on the Minera Juanicipio S.A. de C.V. ("Minera Juanicipio") Joint Venture property (owned 44% by MAG and 56% by Fresnillo plc). Four new exploration step-out holes were targeted approximately 100 metres below the existing "Deep Zone" Indicated and Inferred Resources (see press release dated May 27, 2014). The four holes were drilled on 150 metre centres over a strike length of approximately 500 metres below the en echelon overlap zone between the East and West Valdecañas Veins and include the three widest and deepest intercepts to date on the property (see Table 1). This new zone appears to be the extension of the southwest dipping Valdecañas Vein system and it remains open to depth along the entire strike length within the Joint Venture boundary.

These intercepts widen progressively up to 32.09 metres (true widths) towards the east in the central portion of the property, significantly extending the widening Deep Zone to depth. The intercepts also show significant amounts of calc-silicate (skarn) alteration in and around the veins and the first significant copper values for the entire area; both indications of higher temperature mineralization conditions. The high silver and gold in Holes P2 and P3 coincide with zones of overprinted quartz veins that cut across earlier base-metal rich calc-silicate vein stages, indicating superimposition of an additional precious-metals rich vein stage.

"We are extremely pleased to see such a dramatic widening in tandem with strong grades in the Valdecañas Vein at these depths. The geological providence of this system continues to deliver significant results." said George Paspalas, President and CEO of MAG Silver.

Table 1: Assay Results - Exploration Step Out Holes P1-P4(1)
Hole-ID Valdecañas Vein West ("W") East ("E") From To Interval (m) (3) (2) True Width (m) (3) Gold (g/t) (3) Silver (g/t) (3) Silver (opt)(3) Lead (%) Zinc (%) Copper (%) Capping(4)
P1 (W) 941.80 955.30 13.50 11.69 1.45 103 3.0 2.24 4.31 0.18
Incl 941.80 949.20 7.40 6.41 1.96 169 4.9 3.60 7.03 0.26
Incl 943.00 947.20 4.20 3.64 3.12 213 6.2 3.25 8.19 0.32
P2 (W) 981.50 1010.15 28.65 22.06 2.98 195 5.7 5.36 6.64 0.45
Incl 984.55 986.20 1.65 1.27 0.61 267 7.8 11.75 13.67 0.21
Incl 992.65 994.90 2.25 1.73 11.40 97 2.8 2.25 4.87 0.25
Incl 995.95 1008.95 13.00 10.01 3.85 308 9.0 8.67 8.39 0.73
Incl 999.95 1002.95 3.00 2.31 0.48 466 13.6 4.58 10.02 1.70
Incl 1006.95 1008.95 2.00 1.54 14.55 403 11.8 16.33 16.50 0.22
Incl 1006.95 1007.95 1.00 0.77 16.00 564 16.5 20.00 14.20 0.20
or 1006.95 1007.95 1.00 0.77 84.70 564 16.5 20.00 14.20 0.20 Uncapped
P3-2 (E) 761.50 764.25 2.75 2.12 1.13 467 13.6 2.39 6.38 0.04
and (W) 940.20 974.55 34.35 26.45 2.65 405 11.8 3.22 4.09 0.37
Incl 948.25 950.25 2.00 1.54 9.45 172 5.0 7.78 6.78 0.30
incl 959.55 972.80 13.25 10.20 4.94 919 26.8 5.25 4.87 0.62
incl 963.55 964.55 1.00 0.77 16.00 770 22.5 7.98 18.35 0.62
or 963.55 964.55 1.00 0.77 161.50 770 22.5 7.98 18.35 0.62 Uncapped
incl 969.20 972.80 3.60 2.77 8.26 2,804 81.8 4.99 2.66 1.04
or 969.20 972.80 3.60 2.77 8.26 8,751 255.2 4.99 2.66 1.04 Uncapped
incl 969.80 970.80 1.00 0.77 11.50 6,000 175.0 8.28 2.90 2.18
or 969.80 970.80 1.00 0.77 11.50 27,411 799.5 8.28 2.90 2.18 Uncapped
P4 (W) 1006.00 1051.20 45.20 32.09 0.80 137 4.0 1.50 6.50 0.82
incl 1006.00 1023.25 17.25 12.25 1.50 118 3.4 2.77 14.52 0.44
incl 1007.55 1017.30 9.75 6.92 2.29 127 3.7 3.79 18.78 0.33
incl 1010.55 1014.25 3.70 2.63 0.42 128 3.7 5.10 25.24 0.27
incl 1015.25 1017.30 2.05 1.46 9.43 201 5.9 2.69 16.87 0.78
incl 1039.35 1050.20 10.85 7.70 0.17 326 9.5 1.79 3.86 2.36
incl 1039.35 1042.35 3.00 2.13 0.11 672 19.6 5.65 6.78 4.18
(1) See cross section (Figure 1) and longitudinal sections (Figures 2 & 3) below and at
(2) True widths were estimated/measured from cross sections.
(3) Legend: metres ("m"); grams per tonne ("g/t"); ounces per ton ("opt").
(4) Unless otherwise indicated as uncapped, all silver assays over 6,000 g/t were capped at 6,000 g/t and all gold assays over 16 g/t were capped at 16 g/t, consistent with the capping used for the existing Indicated and Inferred Resources (see press release dated May 27, 2014).

Dr. Peter Megaw, the Company's Chief Exploration Officer, added that "the appearance of copper and strong skarn alteration in this area, combined with the later cross-cutting silver-gold rich veining suggests that we may have hit an ore-fluid upwelling zone, which could open up a new exploration target zone along the Valdecañas vein system."

The results reported above are part of ongoing exploration being carried out by Minera Juanicipio, with these four holes being exploration step-outs beneath the previous deepest drilling on the property. In addition to the exploration drilling, ramp advancement and associated surface and underground mining infrastructure continue to be progressed on the Juanicipio property. Metallurgical drilling on the Valdecañas Vein continues with one drill currently operating.

Qualified Person: Dr. Peter Megaw, Ph.D., C.P.G., has acted as the qualified person as defined in National Instrument 43-101 for this disclosure and supervised the preparation of the technical information in this release. Dr. Megaw has a Ph.D. in geology and more than 25 years of relevant experience focussed on silver and gold exploration in Mexico. He is a Certified Professional Geologist (CPG 10227) by the American Institute of Professional Geologists and an Arizona Registered Geologist (ARG 21613). Dr. Megaw is not independent as he is Chief Exploration Officer (CXO) and a Shareholder of MAG and is a vendor of projects, other than Juanicipio, whereby he may receive royalties. Dr. Megaw is satisfied that the results are verified based on an inspection of the core, a review of the sampling procedures, the credentials of the professionals completing the work and the visual nature of the silver and base metal sulphides within a district where he is familiar with the style and continuity of mineralization.

Quality Assurance and Control: The samples are shipped directly in security sealed bags to ALS-Chemex Laboratories preparation facility in Guadalajara, Jalisco, Mexico (Certification ISO 9001). Samples shipped also include intermittent standards and blanks. Pulp samples are subsequently shipped to ALS-Chemex Laboratories in North Vancouver, Canada for analysis. Two extra pulp samples are also prepared and are analyzed (in progress) by SGS Laboratories (Certification ISO 9001) and Inspectorate Laboratories (Certification ISO 9001) (or other recognized lab). The bulk reject is subsequently sent to CIDT (Center for Investigation and Technical Development) of Peñoles in Torreon, Mexico for metallurgical testing where a fourth assay for each sample is analyzed and a calculated head grade is received on the basis of a concentrate balance. The CIDT also does a full microscopic, XRF and XRD mineralogical analysis.

About MAG Silver Corp. (
MAG 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 Valdecañas and Juanicipio silver vein 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.

On behalf of the Board of
"George Paspalas"
President and CEO

- 30 -

For further information on behalf of MAG Silver Corp.
Contact Michael Curlook, VP Investor Relations and Communications
Phone: (604) 630-1399
Toll free: (866) 630-1399
Email: [email protected]
Fax: (604) 681-0894

Neither the Toronto Stock Exchange nor the NYSE MKT have 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.

Cautionary Note to Investors Concerning Estimates of Indicated Resources

This press release uses the term "Indicated Resources". MAG advises investors that although this term is recognized and required by Canadian regulations (under National Instrument 43-101 - Standards of Disclosure for Mineral Projects), the U.S. Securities and Exchange Commission does not recognize this term. Investors are cautioned not to assume that any part or all of mineral deposits in this category will ever be converted into reserves.

Cautionary Note to Investors Concerning Estimates of Inferred Resources

This press release uses the term "Inferred Resources". MAG advises investors that although this term is recognized and required by Canadian regulations (under National Instrument 43-101 Standards of Disclosure for Mineral Projects), the U.S. Securities and Exchange Commission does not recognize this term. Investors are cautioned not to assume that any part or all of the mineral deposits in this category will ever be converted into reserves. In addition, "Inferred Resources" have a great amount of uncertainty as to their existence, and economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or pre-feasibility studies, or economic studies except for Preliminary Assessment as defined under Canadian National Instrument 43-101. Investors are cautioned not to assume that part or all of an Inferred Resource exists, or is economically or legally mineable.

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 and

Figure 1: Minera Juancipio, Valdecañas Veins - Cross Section

Figure 2: Minera Juancipio, Valdecañas West- Longitudinal Section

Figure 3: Minera Juancipio, Valdecañas East - Longitudinal Section

You can view the Previous News Releases item: Mon Mar 30, 2015, MAG Silver Reports 2014 Annual Results

Read the rest of the article at
Data and Statistics for these countries : Canada | Mexico | All
Gold and Silver Prices for these countries : Canada | Mexico | All

MAG Silver Corporation

ISIN : CA55903Q1046
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
Projects & res.
Asset profile
Contact Cpy

MAG Silver is a silver development stage company based in Canada.

MAG Silver holds various exploration projects in Mexico.


MAG Silver is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 1.1 billions as of today (US$ 909.2 millions, € 796.4 millions).

Its stock quote reached its lowest recent point on August 13, 2004 at CA$ 0.54, and its highest recent level on October 12, 2023 at CA$ 14.08.

MAG Silver has 80 760 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
In the News and Medias of MAG Silver Corporation
4/2/2006Follow up N° 2
Annual reports of MAG Silver Corporation
2011 Annual Results
Reports 2009 Annual Results
Financings of MAG Silver Corporation
2/23/2016Announces US$65 Million Bought Deal Financing
Nominations of MAG Silver Corporation
6/20/2013Appoints George Paspalas as President and CEO
Financials of MAG Silver Corporation
5/12/2016Reports First Quarter Financial Results
8/14/2015Reports Second Quarter Financial Results
11/14/2013Reports Third Quarter Financial Results
8/15/2013Reports Second Quarter Financial Results
5/15/2013Reports First Quarter Financial Results
8/14/2012Reports Second Quarter Financial Results
5/15/2012Reports First Quarter Financial Results
8/15/2011Reports Second Quarter Financial Results
4/1/2011MAG Silver Reports 2010 Annual Results
5/17/2010Reports First Quarter Financial Results
11/16/2009Reports Third Quarter Financial Results
8/15/2009Reports Second Quarter Financial Results
5/16/2009 Reports First Quarter Financial Results
Project news of MAG Silver Corporation
2/17/2014Development & Exploration Update
5/28/2013Options Salamandra Project From Canasil
7/18/2012(Cinco De Mayo)Drills 61.6 Metre Silver, Gold, Zinc, Lead, Copper Massive S...
3/22/2012(Cinco De Mayo)Intercepts More Silver / Lead / Zinc Sulphides in "Bridge Zo...
12/19/2011(Juanicipio)Announces Additional Silver and Gold in Updated Juanicipio R...
11/28/2011(Cinco De Mayo)Announces Seven New Silver/Lead/Zinc Sulphide Intercepts at ...
9/2/2011(Juanicipio)Confirms New Structure in Drilling at Juanicipio
7/22/2011(Juanicipio)Provides Update on Juanicipio Joint Venture
3/29/2011(Cinco De Mayo)Announces Silver-Zinc-Lead Sulphide Veins Near Skarn at Cinc...
2/28/2011(Juanicipio)Announces High-Grade Juanicipio Vein Intercept
1/19/2010Discovers Veta Grande Vein Extension & Cuts High-Grade Silve...
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
9/14/2009(Juanicipio)MAG Silver Reports on Juanicipio Scoping Study-Valdecanas "S...
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...
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...
Corporate news of MAG Silver Corporation
8/19/2016Research Reports Initiated on Silver Stocks Excellon Resourc...
6/16/2016MAG Reports NYSE MKT Ticker Change and AGSM Results
5/13/2016MAG Silver Adopts New Shareholder Rights Plan to Replace Exi...
5/12/2016MAG Silver Reports First Quarter Financial Results
5/6/2016Primary Capital Retained By RMB Australia Holdings Limited
3/30/2016MAG Silver Reports 2015 Annual Results
12/24/2015MAG Silver Files Preliminary Base Shelf Prospectus
12/23/2015MAG Silver Files Preliminary Base Shelf Prospectus
12/15/2015MAG Silver Reports New Gold and Additional Zinc Mineralizati...
10/15/2015MAG Silver (MVG) in Focus: Stock Moves 6.4% Higher
8/14/2015MAG Silver Reports Second Quarter Financial Results
8/14/2015Mag Silver reports 2Q loss
4/23/2015Widest Intercepts to Date Extend High-Grade Valdecañas Vein ...
4/23/2015IIROC Trade Resumption - MAG
4/23/2015MAG Silver Corp.: Widest Intercepts to Date Extend High-Grad...
4/23/2015IIROC Trading Halt - MAG
3/30/2015MAG Silver Reports 2014 Annual Results
6/27/2014Canada Stocks to Watch: Encana, First Quantum, Descartes and...
10/28/2013(Juanicipio)Announces Start of Juanicipio Underground Development
10/15/2013Welcomes George Paspalas as President, CEO and Director
6/19/2013Reports Voting Results from Its Annual General and Special M...
4/1/2013Reports 2012 Annual Results and Personnel Changes
10/5/2012Reports Results of the Annual General and Special Meeting of...
10/3/2012(Cinco De Mayo)Reports Initial Mineral Resource Estimate at Cinco de Mayo
9/5/2012Closes C$33.1 Million Private Placement
8/24/2012Announces Meeting and Record Date and Approval of Advance No...
8/22/2012Announces Approximately C$25 Million Private Placement
6/14/2012(Juanicipio)Reports Juanicipio Updated PEA Study Prepared by AMC
2/22/2012Announces Silver/Lead/Zinc Intercepts at La Esperanza
1/23/2012(Juanicipio)Plans Increased Exploration at Juanicipio and Cinco De Mayo
9/16/2011Reports Results of the Annual General and Special Meeting of...
5/12/2011MAG Provides Update on Favourable ICC Arbitration Decision a...
5/12/2011Provides Update on Favourable ICC Arbitration Decision and C...
5/5/2011Reports on Favourable ICC Arbitration Decision
12/1/2010MAG Silver Announces Juanicipio Resource Estimation and Expl...
4/19/2010Gold & Molybdenum Assay Results From On-Going Drilling
1/25/2010Globe & MAIL - Bullish on MAG Silver
7/15/2009Options San Ramone Property, Zacatecas
6/23/2009Responds to Fresnillo Decision to Withdraw "Take-Under" Bid
6/5/2009Provides Exploration Update for Salemex and Four Other Mexic...
5/20/2009 Reports Excellent Metallurgical Recoveries
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
CA$ 14.08
10/12 17:00 -0.410
Prev close Open
14.49 14.51
Low High
14.06 14.63
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
13.60 -  18.81 -17.18%
Volume 1 month var.
144,208 -%
24hGold TrendPower© : 31
Explores for Gold - Lead - Molybdenum - Silver - Zinc
Interactive chart Add to compare
Print Compare Export
Last updated on : 3/4/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
Annual variation
5 years chart
3 months chart
3 months volume chart
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
announces expected non-cash impairment
AU$ 7.62-0.13%Trend Power :
Oceana Gold(Au)OGC.AX
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
US$ 7.27-0.68%Trend Power :
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
Reduced Funding Requirement
GBX 0.67+6.35%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+30.00%Trend Power :
Closes Bridge Loan Financing
CA$ 2.13-0.47%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 9.41-3.59%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.22+0.00%Trend Power :
Q A April 2017 Quarterly Report
AU$ 0.24-2.04%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.44-4.64%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 46.69-0.13%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
2nd Quarter Report
AU$ 0.02+0.00%Trend Power :