Operations

Location:

The Juanicipio exploration project is also located in the Fresnillo District.

Products:

Silver and Gold advanced project in exploration.

Milestones:

Drilling will continue to upgrade resources and explore other veins. 

Also in the Fresnillo District, in 2010 Minera Juanicipio (56% owned by Fresnillo plc and 44% by MAG Silver) will continue to explore the Valdecañas, Juanicipio and other veins which are all within the Minera Juanicipio claim. 

Infill drilling on the Valdecañas vein has converted approximately 30% of the tonnes, which contain 46% of the silver ounces of the resource, into the indicated category on this vein. Diamond drilling was also carried out on the Juanicipio vein and an adjacent structure without locating additional resources. This work will continue in 2010. 

During the year narrow intervals of mineralisation were encountered at the Juanicipio vein and deeper drilling has been initiated. A third-party scoping study recommended additional exploration at the Valdecañas vein to convert resources into the indicated category, which is currently in process to advance the project toward the pre-feasibility stage.