MAG Silver Corp (TSX MAG) added Jan 24, 2012
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MAG Silver Corp. is focused on
district scale projects located within the Mexican Silver Belt. Our mission is
to become one of the premier companies in the silver mining industry. MAG is
conducting ongoing exploration of its portfolio of 100% owned properties in
Mexico including a silver, lead and zinc discovery and a moly-gold discovery at
its 100% owned Cinco de Mayo Property in Chihuahua State. As well, MAG and
Fresnillo plc are jointly developing the Valdecañas Deposit on the Juanicipio
Joint Venture in Zacatecas State.
MAG and Fresnillo plc recently jointly approved and announced an independent
updated resource estimate on the Juanicipio Property by Strathcona Mineral
Services Limited (see news release dated November 10, 2011). This NI 43-101
compliant resource is now being used by AMC Mining Consultants (Canada) Ltd. to
complete a NI 43-101 compliant updated preliminary economic assessment, expected
to be completed in first quarter of 2012. This study will mark an important
milestone in moving the Juanicipio project to the next level.
Indicated Mineral Resources are estimated to total 5.7 million tonnes at 702 g/t
(22.6 opt) silver, 1.9 g/t gold, 2.2% lead, and 4.2% zinc. Total contained
metals in the Indicated Resource are 128 million ounces of silver, 346,000
ounces of gold, 268 million pounds of lead, and 521 million pounds of zinc.
Almost 64% of the total ounces are now classified as Indicated and these lie
exclusively in the Valdecañas Vein.
RECENT NEWS MAG Silver Plans Increased Exploration at Juanicipio and Cinco De Mayo
MAG Silver Announces Seven New Silver/Lead/Zinc Sulphide Intercepts at Cinco de Mayo
MAG Silver Reports Third Quarter Financial Results
Nicholas Campbell ............Canaccord/Genuity….Jan 23, 2012
Maintained SPECULATIVE BUY
Target raised to $16.00 from $14.00
MAG Price day before:$7.90Finish day posting$7.91Current:$7.71
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............Recognia….Jan 20, 2012
Head and Shoulders Bottom
Target $9.40
MAG Price day before:$7.23Finish day posting$7.90Current:$7.71