Prime Mining’s COO Greg Liller notes, “Using low cost trench sampling, this work aims to elevate near surface Inferred resource to Measured and Indicated status and to expand the known mineralization footprint at surface. Tahonitas remains open along strike and down dip. Additional surface sampling from trenches will be included in ongoing activities.”
Bob Willis, CEO & Director, stated, “San Marco very much appreciates the strong support from the institutional investor community. We are looking forward to continue a very expanded drill program at the Buck Property as soon as possible.”
MAG Silver intends to use the net proceeds of the Offering, if any, primarily to fund the completion of construction of the Juanicipio Project, with any remainder to fund further exploration of Juanicipio and other projects, and for working capital and general corporate purposes.
During this MCTO all management, officers and directors of the Company will be prohibited from trading in the Company’s shares pursuant to the Company’s black-out procedures.
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