By Melissa Pistilli-Exclusive to Silver Investing News Silver has managed to remain above the crucial psychological $9/oz level for the past week, holding steady above $9.20/oz. Chintan Karnani of Insignia Consultants believes Friday’s close was significant for both precious metals. “Technically, gold and silver are in a neutral zone with a slightly bullish bias,” he [...]
MAG Silver reports that it has established a Special Committee of the Board of Directors to look at strategic alternatives for MAG Silver. This is in response to Fresnillo plc’s acquisition of 9,746,193 of the issued and outstanding shares of the Company representing a 19.83% interest (see Table “A” below). Fresnillo is the Company’s joint venture partner [...]
(Oct 7th)The world’s largest primary silver producer, Fresnillo plc reports it acquired a further 2,512,600 common shares of MAG Silver Corp at a price of CDN$5.00 per share. These shares, together with shares already owned by Fresnillo plc total 9,314,877 or approximately 18.95% of MAG Silver’s common shares outstanding, based on MAG Silver’s public disclosure. For full [...]
MAG Silver Corp. reports assay results from an ongoing drill program on Cinco de Mayo property, Chihuahua State, Mexico. Holes 08-40, 44, 46, 48 and 52 all intercepted strong silver, lead, zinc and gold (see Hole 08-48 below) mineralization characteristic of the Jose Manto. Holes 08-48 and 08-52 show significant gold values, with 08-48 reporting 1.50 metres [...]
MAG Silver Corp. reports the Company’s unaudited financial results for the six month period ending June 30, 2008. The Company’s cash position at June 30, 2008 was approximately $64.8 million. All amounts herein are reported in Canadian dollars unless otherwise specified. The Company’s cash is all invested with the Royal Bank of Canada in guaranteed investment [...]
MAG Silver Corp. reports new assay results from Valdecanas Vein for Holes OF and QF. Hole QF returned 578 grams per tonne (g/t) (16.8 ounces per ton (opt)) silver, 3.85 g/t gold, 5.55% lead and 6.36% zinc over 6.20 metres (true width). This also includes a high grade gold intercept of 271 g/t (7.9 opt) silver, 9.13 [...]
MAG Silver Corp. reports assay results from the Valdecanas vein for Hole GE, Mexico. Hole GE intersected two veins separated by 10 metres of altered and veined wall rock. The upper gold rich vein reports as 123 g/t (3.6 opt) silver, 4.89 g/t gold, 1.24% lead and 4.92% zinc over 7.38 metres (true width). This includes [...]
MAG Silver Corp. reports assay results for 10 diamond drill holes from its 100% owned Cinco de Mayo property, northern Chihuahua State, Mexico. The best new intercept is Hole 08-39, which cut 3.46 metres of 612 grams per tonne (g/t) silver (17.8 ounces per ton (opt), 11.59% lead and 13.20% zinc: including 2.36 metres of 772 g/t [...]
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