UPDATE: MAG Silver Digs 3% Gain As Reports Multiple Silver/Lead/Zinc Intercepts in Bridge Zone

By Midnight Trader,  May 17, 2012, 09:35:17 AM EDT

MAG Silver Corp. (MAG.TO) today announced that on-going drilling at its 100%-owned Cinco de Mayo property in northern Chihuahua State, Mexico continues to successfully demonstrate lateral and vertical continuity of massive sulphide mineralization in the "Bridge Zone" along the Jose Manto-Cinco Ridge corridor.

As a result, the company has increased its 2012 planned drilling by two million dollars to $5.5M dollars, and drilling has been ramped up from one to four rigs with a fifth expected in the near future.

MAG rose about 3% to the lower end of a $7.37 to $7.43 range. Volume traded is over 2,000.




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

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