MAG Silver Initiates Drill Program at Lagartos Targeted on 6 Kilometre Long Silver/Lead/Zinc Anomaly.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- MAG Silver Corp. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:MAG) announces drilling has commenced at its Lagartos NW Project in the Fresnillo District, Zacatecas State, Mexico. This 100% owned MAG Silver property is located 35 kilometres northwest along trend from the Fresnillo Mine and MAG's Juanicipio Joint Venture with Industrias Penoles. Lagartos NW is part of the 130,000 hectare hectare (hĕk`târ, –tär), abbr. ha, unit of area in the metric system, equal to 10,000 sq m, or about 2.47 acres. , 100% owned Lagartos land package covering a significant strike length of the Fresnillo Silver Trend both NW and SE of the Fresnillo Silver District. MAG will be drilling 3 distinct silver, lead, zinc and copper biogeochemical anomalies. These are in the order of 4 to 8 kilometres long and are coincident co·in·ci·dent adj. 1. Occupying the same area in space or happening at the same time: a series of coincident events. See Synonyms at contemporary. 2. with similar structural vein controls of the Fresnillo silver mine district, 35 kilometres to the southeast. There have been 5 significant new vein discoveries within the Fresnillo district over the past two years, two of which are on MAG's Juanicipio project. MAG acquired the property because it shows the same geological, structural and alteration features that have led to the new silver - gold vein discoveries at Juanicipio. "Our fundamental exploration approach is to take a fresh look at major silver mining regions and explore for additional silver mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. zones under cover or in unrecognized extensions of the districts. At Lagartos NW, we see the same geology and alteration that we see around the Fresnillo District and we're applying the same exploration techniques that have led to success at Juanicipio," stated Dan MacInnis P.Geo., President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of MAG Silver. In a press release dated January 24, 2006 MAG Silver and Penoles announced the discovery of a new high grade silver - gold vein at Juanicipio which returned 6.35 metres (20.8 feet) of 1,798 grams per tonne Silver (57.8 ounces), 2.91 grams per tonne Gold, 3.43% Lead and 5.51% Zinc. This new vein at Juanicipio has all the mineralogical min·er·al·o·gy n. pl. min·er·al·o·gies 1. The study of minerals, including their distribution, identification, and properties. 2. A book or treatise on mineralogy. and geological characteristics of the main production veins in the Fresnillo Mining District (1.3 billion ounces of historical production) where Penoles operates the world's largest silver mine. 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 is supervising the program at The Lagartos Property. Dr. Megaw has a Ph.D. in geology and more than 20 years of relevant experience focussed on silver and gold mineralization, and exploration and drilling in Mexico. He is a certified Professional Geologist (CPG CPG central pattern generators. 10227) by the American Institute of Professional Geologists and an Arizona Registered geologist (ARG See argument. arg - argument 21613). Dr. Megaw is not independent as he is a shareholder of MAG Silver Corporation and is a vendor of two projects to MAG. About MAG Silver Corp.: MAG is a Silver exploration company focused on projects located within the Mexican Silver Belt. Our large land inventory is well positioned in mining districts with historical and ongoing large-scale, high-grade silver production. MAG's exploration efforts are engaged in the search for multi-million ounce silver deposits on a district scale. We are committed to the discovery of silver deposits of size and grade that are able to withstand and overcome fluctuations in commodity prices. Our mission is to become one of the premier silver companies in the Silver Mining Industry. MAG is based in Vancouver, British Columbia, Canada and trades on the TSX-V under the symbol MAG. On behalf of the Board of MAG SILVER CORP. Dan MacInnis, President and CEO Note to U.S. Investors: Investors are urged to consider closely the disclosure in our Form 20F, File No. 0-50437 available at our office: Suite 328-550 Burrard Street Burrard Street is a major thoroughfare in Vancouver, British Columbia, Canada. It is the central street of Downtown Vancouver and the Financial District. The street is named for Burrard Inlet, located at its northern terminus, which in turn is named for Sir Harry Burrard. , Vancouver BC, Canada, V6C 2B5 or from the SEC: 1(800) SEC-0330. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept resp onsibility for the accuracy or adequacy of this news release, which ha s been prepared by management. MAG Silver Corp. (TSX VENTURE:MAG) |
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