A Canaccord Genuity report reviewed and mentioned these drill outcomes and their implications.
In a analysis observe dated March 5, Kevin MacKenzie, an analyst with Canaccord Genuity, introduced that drill outcomes from MAG Silver Corp. on a number of fronts. "
Throughout its current drilling of 48 holes protecting an space of 46,060 meters (46,060 m), the corporate has typically found two mineralized veins and prolonged the present mineralization of the massive property in Mexico.
Extra exactly, one of many newly recognized veins, the Venadas, dealing with north-east, is positioned between the veins that cross the northwest, however they cross the veins Valdecanas and Juanicipio. MacKenzie identified that "the bottom metals and vein fashion / elevation comparisons reported with these of the Valdecanas vein which have been reported recommend that drilling to this point has simply examined the highest of a system. mineral probably extra expansive in depth ".
This augurs effectively for the longer term enlargement of assets and will "present a developmental hyperlink" to the Juanicipio vein excluded from the preliminary financial evaluation up to date in 2017.
The newly found second vein, the pre-anticipated, is positioned about 50-100 m additional into the suspended wall of the sub-parallel vein of Anticipada, describes MacKenzie. Pre-Anticipada was traversed by holes focusing on the vein of the vein Valdecanas Deep. The culminating analyzes of the brand new vein included 472 grams per tonne (472 g / t) of silver (Ag) over three.2 m, 768 g / t Ag over 1.80 m and 1,256 g / t Ag on 1 m.
Relating to the extension of the mineralization, sequential drilling within the Deep East and Deep West areas of Valdecanas has prolonged the high-grade mineralization at depth, MacKenzie mentioned. Notable interceptions included 1,297 g / t silver equal (Ag eq) over 6 m, 637 g / t Ag over 13 m and 535 g / t Ag over 10 m. "The best ranges of treasured metals noticed deep within the Depth Zone could be a subsequent overprint and the product of a stacked / fluctuating boiling horizon," he added.
The analyst concluded, "General, the outcomes of the publication proceed to focus on the numerous exploration potential of the Juanicipio undertaking and the longer term potential to considerably improve the general useful resource base of the undertaking. undertaking."
Drilling continues in Juanicipio. A directional drilling rig is now devoted to the Valdecanas vein and two typical drill rigs are centered on different targets. MacKenzie mentioned the following large catalyst for the inventory is an official choice to construct Juanicipio by MAG's three way partnership companion, Fresnillo.
Canaccord Genuity has a speculative shopping for index and a goal worth of C $ 21 per share on MAG Silver, whose shares are buying and selling at round C $ 13.90 per share.[NLINSERT]
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Canaccord Genuity Disclosures, MAG Silver Corp., March 5, 2019
Analyst Certification: Every Canaccord Genuity Analyst who seems on the duvet web page of this analysis hereby certifies that (i) the suggestions and opinions expressed on this analysis precisely mirror the private, unbiased and goal view of every creator analyst. all named investments or related issuers described herein which can be a part of the protection universe of that creator analyst and (ii) no a part of the Analyst Analyst's compensation has been, is not going to, shall be straight or not directly associated to the precise suggestions or factors of view expressed by the analysis analyst.
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