DESCRIPTION: MAG Silver is a leading exploration company working in the Mexican Silver Belt. The high-grade discoveries on our Juanicipio property are helping transform the Fresnillo Trend, the world's oldest and most prolific silver district. Work with partner Fresnillo plc (56%) is defining a world-class mineral resource—key to next-generation production by the world's largest silver miner.
The information below is based on the most recent information we have
received from analysts and the companies participating in The Gold Report.
We encourage you to visit the company's web site for updates.
"MAG Silver Corp. (TSX:MAG) (NYSE:MVG) is moving along very well—there is no question they will be moving into production—with Fresnillo, their joint venture partner, on their in Zacatecas project. It's kind of a typical good news-bad news story for a junior company when they have a major as a partner. They are at the mercy of their partner regarding the timing and news flow. And as I mentioned in Part I, Fresnillo is showing no mercy dealing with MAG. They are well-funded at this point, and are doing exploration in some other areas. They've probably got one of the best teams in Mexico with Peter Megaw's group (Minera Cascabel) advising on their exploration programs. They have a new property in northern Chihuahua that I have not visited yet. That project, called Cinco de Mayo, is showing some very good initial results. They don't have a resource defined yet, but they are exploring for carbonate replacement deposits (CRDs), which can get very big."
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The Gold Report Interview with Trey Wasser (Pt. II) (01/11/10)