Referenced Stocks

Mag Silver Updates Cinco De Mayo Drilling Results; Shares Up 2%, Nearer To Yr Highs

By Midnight Trader,  September 06, 2012, 12:27:18 PM EDT

MAG Silver Corp. ( MVG ) announced drilling updates at its Cinco de Mayo Property in northern Chihuahua, Mexico.

The best intercepts are: Hole 430, on the 383 Section at the northwest end of the Bridge Zone, which reported 84 grams per tonne (2.4 ounces per ton) silver with 1.6% lead and 11.0% zinc over 11.79 metres; including: 160 g/t (4.7 opt) silver with 3.2% lead and 12% zinc over 5.87 metres; including: 2.54 metres that grades 258 g/t (7.5 opt) silver with 7.1% lead and 25.9% zinc; and Hole 418, on the 382 Section at the southeast end of the Bridge Zone which reported 131 g/t (3.8 opt) silver with 4.6% lead and 6.8% zinc over 9.17 metres; including: 2.70 metres that grades 256 g/t (7.5 opt) silver with 6.8% lead and 8.0% zinc.

MVG shares up 2% to $10.96 having touched a day high $11.20, shy of a year high $11.51




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: MVG



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