MAG Silver Provides Initial Resource Estimate for Cinco de Mayo Property

MAG Silver Corp. (TSX:MAG) announced that the initial independent mineral resource estimate has been completed for its Cinco de Mayo property, located in Mexico. The inferred mineral resource estimate includes 12.45 million tonnes at 132 grams per tonne silver.

As quoted in the press release:

An economic cut-off grade set at a net smelter return (“NSR”) of US$100 per tonne was applied as the base case for this estimate. No data from recent drill hole CM-12-431 in the newly discovered deep Pegaso Zone (see press release dated July 18, 2012) was used in this estimate.

Sensitivity analysis of the new resource to higher NSR cut-offs reveals significant higher grade portions. This is demonstrated by the $150 NSR cut-off case which gives a total of 9.4 million tonnes of 151 g/t (4.4 opt) silver, 0.26 g/t gold, 3.37% lead, and 7.35% zinc.

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