MAG Silver Announces Updated Juanicipio Resource Estimate

MAG Silver Corp. (TSX:MAG) reported an independent mineral resource estimate for the Juanicipio Property by Strathcona Mineral Services Limited.

As quoted in the press release:

Highlights of the June 2011 Strathcona Resource Estimate

• Indicated Mineral Resources are estimated to total 5.7 million tonnes at 702 g/t (22.6 ounces per tonne (opt)) silver, 1.9 g/t gold, 2.2% lead, and 4.2% zinc. Total contained metals in the Indicated Resource are 128 million ounces of silver, 346,000 ounces of gold, 268 million pounds of lead, and 521 million pounds of zinc. Almost 64% of the total ounces are now classified as Indicated and these lie exclusively in the Valdecañas Vein.

Click here to read the MAG Silver Corp. (TSX:MAG) press release.