MAG Silver Mobilizes to Start Phase 2 Drill Program on Canasil’s La Esperanza Project in Durango and Zacatecas States, Mexico

October 4, 2012

Canasil Resources Inc. announces that MAG Silver Corp. (TSX: MAG, NYSE-MKT: MVG, “MAG”) has mobilized crews to prepare for the start of the Phase 2 drill program in early October 2012 at Canasil’s La Esperanza silver-zinc-lead project in Durango and Zacatecas States, Mexico. Plans include up to 3,500 metres of diamond drilling to test three silver-lead-zinc veins in the northwest of the project area. This drill program will be part of the CAD$ 1,500,000 exploration expenditures required between September 2012 and September 2013 under the option agreement for MAG to earn a 60% interest in the La Esperanza project.

To see the entire press release Click Here.

    Oct 04, 2012 04:58 PM

    London is predicting price of Pt>Au before year end.

    Oct 04, 2012 04:02 PM

    uS Mint suspends sale of silver numismatics pending increasing prices about $5 per coin.

      Oct 06, 2012 06:12 PM

      Thanks cfs,

      For the rest of you here is the link to the article cfs is talking about:

      Big Al

        Oct 27, 2012 27:13 AM

        it started beofre 9am because when i tuned in at that time, it was already in progress. i thought it was a bit odd that the guy kept passing pieces of paper to you during the show; maybe it was meant to be a spontaneous interview, but given the circumstances when the main aim was to raise awareness as well as funds, it might have saved some time priming the questions beofre that as it may, i think both syahidah & you did well.

    Oct 04, 2012 04:03 PM

    More rioting and protests in Greece.

      Oct 06, 2012 06:21 PM

      More than usual?

      Big Al

    Oct 05, 2012 05:31 AM

    The unemployment numbers have been fudged again after the presidential “Rope a Dope” debate. But it doesn’t matter it is what it is as Al say’s because most people don’t read anymore they base their knowledge on hearsay and there simply is nothing you can do about that.

      Oct 05, 2012 05:35 AM

      Buy the rumor 🙂

        Oct 06, 2012 06:23 PM

        Yep, Lynn, often times!

        Big Al

    Oct 06, 2012 06:43 AM

    Disclosure – I own shares in Mag Silver Corp, and I have been a very pleased investor. While most junior miner companies are still floundering, my Mag Silver Corp shares are up 138%, and they are not yet at their previous April 2011 highs!

    Looking back at my portfolio, I would have been better off putting 90% of it into Mag Silver Corp back in August 2009 and just letting it ride. Mag Silver Corp is one of the few success stories out there.