MAG Silver Announces Commencement of Prefeasibility Study on Juanicipio Property

MAG Silver Corp. (TSX:MAG)(NYSE Amex:MVG) confirmed an earlier report by Fresnillo plc dated July 14, 2010, that Minera Juanicipio S.A. DE C.V., a 56/44% joint venture between Fresnillo plc and MAG, has appointed AMC Mining Consultants (Canada) Ltd. to undertake a prefeasibility study for the development of a standalone underground silver mine on the Juanicipio Property.

The press release is quoted as saying:

The prefeasibility study has been approved as one of the studies necessary to explore the manner in which the Juanicipio Property should be developed and is expected to be completed by the end of calendar 2010. The Juanicipio joint venture had previously appointed SRK Consulting to conduct an audit of Juanicipio’s total resources, which confirmed the indicated and inferred resources estimated by Fresnillo plc.

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