Focused on silver exploration and development in Mexico, MAG Silver Corp. (NYSE AMEX: MVG) owns more than 100 square miles of prospective ground. With its successful geological modeling of both the epithermal vein systems of the Fresnillo Silver Trend and the carbonate replacement deposits (CRDs) in the Chihuahua Trough, the company is a leader in the application of modern geoscience in the venerable Mexican Silver Belt.
The company has 100% interests in the Lagartos North West property located in the Fresnillo Silver Trend; the Sello property located to the north of the San Martin and Sombrerete mining districts in Zacatecas state; the Batopilas (Don Fippi) property located in the western Sierra Madres of Chihuahua state; the Cinco de Mayo property, which is a 5,000 hectare carbonate replacement deposit located in north-central Chihuahua state; the Guigui property located in central Chihuahua state; and the Sierra de Ramirez property covering approximately 15,000 hectares located in Durango state, Zacatecas, Mexico.
In recent news, MAG Silver announced that assay results received from the Juanicipio property operator, Fresnillo plc, indicate a high grade gold and silver intercept recorded in Hole PD which returned 2.72 metres of 1,578 grams per tonne (g/t) silver, 5.65 g/t gold, 5.94% lead and 6.67% zinc. The company also stated that this hole intersected the ValdecaÃ±as Vein almost 40 metres west of Hole QF and verifies the consistency of high grade silver and gold in this area.
President and CEO Dan MacInnis has more than three decades of experience in worldwide mineral exploration. He has managed and directed multi-million dollar exploration programs for Noranda Exploration, Battle Mountain Gold/Hemlo Gold, and Sargold Resources. A significant number of mineral discoveries have been made under the guidance of Mr. MacInnis, including gold and base metal deposits in the US, Canada and Mexico. Mr. MacInnis is a Registered Professional Geoscientist (P.Geo) and is a graduate of Saint Francis Xavier University with a BSc. in Geology.