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XMFSinchiruna (27.53)

MAG SIlver Encounters Incredible Silver Grades!! Symbol: MVG!

Recs

18

April 16, 2008 – Comments (2)

While the distance of this grade strike may only be .6 meters for now, this is one of the highest grades I've ever seen reported!!... and I've been pouring over exploration results from mining companies continuously for over 3 years now! 

 If they're able to find a substantial continuation of this vein with concentrations in the same ballpark, this company will either be snatched up by a major at a sweet premium, or it will partner with a major for expedited development.If you already own it... stay long... this is great news!

dwot... if you're reading this post, you correctly pointed out once that one of your reasons for not liking many of the majors relate to some poor grades of concentrate... well, if you're looking for high grades in a non-major, here you go. :)

MAG Silver & Fresnillo Intersect High Grade Silver on Juanicipio Vein 4,100 grams per tonne (g/t) (119.5 ounces per ton (opt)) silver over 0.60 metres with 1.47 g/t gold, 2.02% lead and 4.07% zinc

April 16, 2008: 09:00 AM EST

MAG Silver Corp. (TSX: MAG)(AMEX: MVG) ("MAG") and Compania Fresnillo S.A. DE C.V. ("Fresnillo") on behalf of Minera Juanicipio SA are pleased to announce assay results from Holes 17P and 18P targeted on the Juanicipio Vein.

Hole 18P intersected 4,100 g/t (119.5 opt) silver over 0.60 metres, with 1.47 g/t gold, 2.02% lead and 4.07% zinc. Hole 17P intersected 130 g/t (3.8 opt) silver over 0.6 metres, with 0.34 g/t gold, 0.06% lead and 0.08% zinc.

Hole 18P intersected the Juanicipio Vein 110 metres west and 80 metres vertically below Hole JI-03-01 (2.0 metres of 689 g/t silver and 11.43 g/t gold, 40% core recovery) and 115 metres west and 45 metres above Hole 17P. Hole 17P intersected the Juanicipio Vein on the same section as and 110 metres vertically below Hole JI-03-01. A minimum of six holes are planned in 2008 to test the Juanicipio Vein over a strike length of 1,200 metres to the west. The Juanicipio Vein is located 1,100 metres south of the Valdecanas Vein.

The results of Holes 17P and 18P confirm the continuity and the presence of a second high grade vein on the Juanicipio property.

-------------------------------------------------------------------------- True Width Silver Silver Gold Lead Zinc Copper Hole # From To Metres g/t opt g/t % % % -------------------------------------------------------------------------- JI-08-18P Juanicipio Vein 627.60 628.20 0.60 4,100 119.5 1.47 2.02 4.07 0.17 -------------------------------------------------------------------------- JI-08-17P Juanicipio Vein 651.45 652.05 0.60 130 3.8 0.34 0.06 0.08 nd --------------------------------------------------------------------------

(Please click on http://media3.marketwire.com/docs/mag0416.pdf for longitudinal section and vein sections and click on www.magsilver.com for diagrams).

 

http://money.cnn.com/news/newsfeeds/articles/marketwire/0387351.htm

 

2 Comments – Post Your Own

#1) On April 16, 2008 at 2:10 PM, binv271828 (< 20) wrote:

Hey Sinchiruna,

Thanks for the info! Too bad it's not listed on CAPS yet, I would have added it this morning :).

Take care,
binv271828

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#2) On April 17, 2008 at 6:18 AM, binv271828 (< 20) wrote:

Hey Sinchiruna,

I sent you an email through the 'email player' link on your CAPS page. Did you get it?

Thanks,
binv271828

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