MAG Silver
Seite 1 von 5 Neuester Beitrag: 19.11.24 17:03 | ||||
Eröffnet am: | 26.09.07 17:32 | von: squalid | Anzahl Beiträge: | 122 |
Neuester Beitrag: | 19.11.24 17:03 | von: PolluxEnergy | Leser gesamt: | 47.210 |
Forum: | Hot-Stocks | Leser heute: | 11 | |
Bewertet mit: | ||||
Seite: < | 2 | 3 | 4 | 5 5 > |
Corp. (TSX:MAG)(AMEX:MVG) ("MAG") President and CEO Dan MacInnis is pleased
to announce the appointments of Derek White and Richard Colterjohn to the
Company's Board of Directors, effective immediately.
"MAG is delighted that Mr. Colterjohn and Mr. White have agreed to join our
board. Their varied backgrounds and their global experiences in the mining
sector will be invaluable additions at this exciting period in MAG's
development", said MacInnis. "Having two individuals with substantial
credentials join the board is a measure of the significance and evolution
of MAG Silver in the resource sector. We are looking forward to working
with our new board members."
Mr. Colterjohn is the founder, President and Chief Executive Officer of
Centenario Copper Corporation, a development stage copper company active in
Chile. Since 2002, he has also acted as Managing Partner at Glencoban
Capital Management Inc., a private merchant banking firm. Between 2002 and
2007, he has also served as a director of three other Canadian public
mining sector companies: Canico Resource Corp., Cumberland Resources Ltd.
and Viceroy Exploration Ltd. Prior to April 2002, Mr. Colterjohn was
Managing Director at UBS Bunting Warburg Inc., an investment dealer.
Mr. White has over 20 years of financial experience in the mining and
metals industry. He started his career in 1986 with Coopers & Lybrand LLC
in Vancouver and Johannesburg. In 1992 he joined Impala Platinum Ltd. and
held financial management positions in both mine operations in South
Africa, and metals trading in London. He then joined Billiton International
Metals BV in 1994, as part of the Gencor Ltd. acquisition team, and held
executive financial positions in The Hague, London, and Toronto in Precious
and Base metal operations, project and business development, and
exploration including serving as Chief Financial officer for the Gencor
International Gold Division and the Billiton Base Metals Division, formed
after the acquisition by Billiton Plc of Rio Algom Ltd. In 2003, he served
as the Chief Financial Officer of International Vision Direct Corp., an
online contact lens retailer and winner of the 2003 Ernst & Young LLP -
Pacific Region Entrepreneur of the Year Award. In 2004, Mr. White, joined
as the Chief Financial Officer of newly formed Quadra Mining Ltd., mid tier
copper producer. Mr. White holds an undergraduate degree in Geological
Engineering from the University of British Columbia and is a Chartered
Accountant.
Mr. Dave Pearce, a director of MAG since its inception in 2003 has elected
to step down. Management and the Board of Directors wish to thank Mr.
Pearce for his years of invaluable service as a director and look forward
to his continued involvement with the Company. Mr. Pearce will continue his
relationship with MAG as an advisor.
Jonathan Rubenstein has been appointed non-executive Chairman of the Board.
Also joining the Company as an advisor is the Honourable Joe Fontana, P.C.
Mr. Fontana is presently an executive in a renewable energy company. He
formerly served as Minister of Labour and Housing in the Liberal Government
and brings extensive experience in international affairs including Mexico
and Caricom countries. Mr. Fontana spent 18 years as a Federal Member of
Parliament and 10 years in municipal politics in London, Ontario where he
also built a successful insurance and property management company.
About MAG Silver Corp.
MAG 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 and its partner Industrias Penoles are delineating a
significant new silver vein discovery on the Juanicipio Joint Venture in
Zacatecas State, Mexico. MAG is based in Vancouver, British Columbia,
Canada. Its common shares trade on the TSX under the symbol MAG and on AMEX
under the symbol MVG.
On behalf of the Board of MAG SILVER CORP.
Dan MacInnis, Director, President and CEO
Drill hole adds 150 metres to strike length
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 5, 2007) - MAG Silver Corp.
(TSX:MAG)(AMEX:MVG) ("MAG") and Industrias Penoles S.A.B. de C.V.
("Penoles") announce assay results have been received for Hole GB and
provide visual information on the results from the most easterly hole to
date, Hole UE.
Hole UE is located 150 metres east of Hole SD and has intersected a core
length of 10.7 metres (8.0 metres true length) of banded and crystalline
quartz vein with visible sulphides. Assay results are pending. This
intersection adds a further 150 metres to the strike length of the
Valdecanas Vein which can now be traced for at least 1,500 metres on the
Juanicipio Joint Venture property. This intersection occurs on the eastern
boundary of the property.
Hole GB, on the most westerly section drilled to date, has intersected the
Valdecanas Vein near the top of the silver/gold zone almost 40 metres
up-dip from Hole GC which was reported in a press release dated September
13, 2007. This intercept returned a core length of 2.90 metres (2.73 metres
true width) grading 317 grams per tonne (g/t) silver (9.20 ounces per ton
(opt)), 1.90 g/t gold, 2.13% lead and 3.69% zinc. This includes a one metre
section grading 581 g/t Ag, 5.6% Pb and 7.6% Zn (see table below for
details).
For further information please see the longitudinal section and other
diagrams below and at www.magsilver.com. The vein remains open to the east
(trending onto Penoles held property), to the west and down dip.
/T/
--------------------------------------------------
True
Width Silver Silver Gold Lead Zinc Width
Hole # From To metres g/t opt g/t % % metres
--------------------------------------------------
JI-07-GB 730.55 733.45 2.90 317 9.20 1.90 2.13 3.69 2.73
--------------------------------------------------
JI-07-UE 787.50 798.20 10.7 Assays Pending 8.00
--------------------------------------------------
/T/
These drill results are from the 28,000 metre definition drill program
currently underway on the Valdecanas silver/gold vein discovery within the
Juanicipio Joint Venture, Fresnillo District, Zacatecas State, Mexico.
At a recently held joint venture committee meeting MAG and Penoles agreed
to continue drilling at Juanicipio throughout 2007 and 2008 utilizing at
least four diamond drills. Drilling in 2007 will continue to delineate the
vein on a 200 metre by 100 metre grid pattern between section G to the west
and Section U to the east. Holes are planned for sections G, O, Q, S and U.
It was also agreed to begin a drill program on the Juanicipio Vein before
the end of this year. This vein was first intersected by MAG in 2003 and is
located about 1,100 metres south of the Valdecanas Vein. Information from
the drill program at Valdecanas suggests that this Juanicipio Vein
intersection occurs at the very top of the high grade silver/gold zone.
Penoles also intersected the vein in 2005 almost 100 metres to the east but
at an elevation now known to be well above the silver/gold zone. The
Juanicipio Vein is open at depth and along strike.
A review of past drilling by the Joint Venture in the context of the
Valdecanas Vein discovery has renewed interest in Hole VP-02 drilled in
2006. This hole is located on the Juanicipio property 1,200 metres to the
west of section G on the Valdecanas Vein. This hole reported a one metre
section of 7.70 grams per tonne gold and 4.0 grams per tonne silver at 700
metres below surface. The presence of strong gold values in this
intersection and its relative proximity to Valdecanas is considered highly
significant.
About the Joint Venture
Penoles has earned a 56% interest in the Juanicipio property. MAG retains a
44% interest in the property. Penoles and MAG are now participating in the
project as joint partners and will share expenditures on a pro rata basis,
with Penoles contributing 56% and MAG 44% respectively. Penoles maintains
its position as operator of the project and will present programs to the
joint venture management team for joint approval going forward.
The Penoles/MAG Juanicipio Joint Venture lies 5 kilometres west from the
principal production head-frame of the Fresnillo Mine and 1.5 kilometres
west from the Saucito Vein, currently undergoing preproduction development
with construction of a 600 metre shaft and a 2,200 metre decline.
Quality Assurance and Control: The samples are shipped directly in security
sealed bags to ALS-Chemex Laboratories preparation facility in Guadalajara,
Jalisco, Mexico (Certification ISO 9001). Samples shipped also include
intermittent standards and blanks. Pulp samples are subsequently shipped to
ALS-Chemex Laboratories in North Vancouver, Canada for analysis. Two extra
pulp samples are also prepared and are analyzed (in progress) by SGS
Laboratories (Certification ISO 9001) and Inspectorate Laboratories
(Certification ISO 9001) (or other recognized lab). The bulk reject is
subsequently sent to CIDT (Center for Investigation and Technical
Development) of Penoles in Torreon, Mexico for metallurgical testing where
a fourth assay for each sample is analyzed and a calculated head grade is
received on the basis of a concentrate balance. The CIDT also does a full
microscopic, XRF and XRD mineralogical analysis.
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 supervised the preparation of the technical information in
this release. 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 10227) by the American Institute of Professional Geologists
and an Arizona registered geologist (ARG 21613). Dr. Megaw is not
independent as he is a Director and Shareholder of MAG and is a vendor of
one project, other than Juanicipio, whereby he may receive additional
shares. Dr. Megaw is satisfied that the results are verified based on an
inspection of the core, a review of the sampling procedures, the
credentials of the professionals completing the work and the visual nature
of the silver and base metal sulphides within in a district where he is
familiar with the style and continuity of mineralization.
The Equedia Weekly Letter (4/15/12) "MAG Silver Corp. has become one of the strongest silver performers in North American markets this year, up over 40% since early January."
das beste Silber-Projekt der Welt, hier aktuelle Infos von George Paspalas:
http://www.commodity-tv.net/c/mid,1323,Interviews/?v=297026
Die Produktion soll ausgeweitet werden, weil man ständig neue Zonen findet!