Resource: Streetwise Reports 03/11/2019
The second recently found vein, the Pre-Anticipada, is situated about 50–100m further into the hanging wall in the subparallel Anticipada vein, MacKenzie described. Pre-Anticipada was intersected by holes targeting the Valdecanas vein Deep zone. Highlight assays in the brand new strand comprised 472 g per ton (472 g/t) silver (Ag) over 3.2m, 768 g/t Ag over 1.80m and 1,256 g/t Ag over 1m.
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Especially, one of the newly identified veins, the Venadas, with its own inland orientation, sits involving runs crosswise into the northwest-traversing Valdecanas and Juanicipio veins. MacKenzie emphasized that “the minimal reported foundation metal grades and vein style/elevation comparisons to that of the Valdecanas vein imply that drilling so far has only just tested the surface of a potentially more expansive mineral system to thickness. ”
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In its latest drilling of 48 holes covering 46,060 meters (46,060m), the firm, generally, discovered two mineralized veins and also extended existing mineralization in the huge land in Mexico.
Drilling continues at Juanicipio, together with one directional rig committed now to the Valdecanas vein and two traditional rigs centered on there. The next major catalyst for the stock, however, MacKenzie indicated, is a formal Juanicipio structure conclusion by MAG’s joint venture partner, Fresnillo.
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The analyst ended, “Overall, the outcomes of the discharge continue to emphasize the significant exploration upside associated with the Juanicipio project and future potential to materially expand the job ’s overall resource base. ”
This bodes well for future source growth and may “supply a growth link” to the Juanicipio vein that was excluded from the 2017 upgraded preliminary financial assessment.
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As far as mineralization expansion, stepout drilling in Valdecanas’ Deep East along with Deep West zones expanded high-grade mineralization to depth, relayed MacKenzie. Notable intercepts comprised 1,297 g/t silver equal (Ag eq) over 6m, 637 g/t Ag eq over 13m along with 535 g/t Ag eq over 10m. “The higher precious metal ranges detected at depth within the Deep zone are thought to be a later overprint and also the product of a stacked/fluctuating boiling horizon,” he included.