In the quarter, the first production stope at Juanicipio was completed on time and, as expected, we are now processing development ore at the Fresnillo plant.
“This first production from Juanicipio is a major milestone for the Company” said George Paspalas, MAG Silver’s President and CEO. “The successful processing of development material not only provides cash flow to offset capex, but further de-risks the project as it heads toward commercial production. We are looking forward to the first production stope coming online in Q4 2020, and our potential to continue to produce cash whilst we complete the process plant construction.”
Carlos Silva, CEO of Santacruz stated; “Receiving recognition for IRMA Transparency is an important milestone as we advance along IRMA’s process.”
“Intercepting the San Agustín vein close to where we anticipated it would be, both assists in confirming our understanding of the continuity of the vein at depth and its geometry”, said Michelle Robinson, Brigadier’s qualified technical person. “In addition, the use of a diamond drill with relatively large core size will yield previously unknown details of the geology and structure of the four different veins systems set to be tested during this drill campaign. These are very early impressions and much work is still to be done, but we are highly optimistic about the potential at Picachos.”
Carlos Silva, CEO of Santacruz stated, “Receiving recognition for IRMA Transparency is an important milestone as we advance along IRMA’s process. This norm will help us to continue to improve our business practices that go beyond industry standards for social responsibility, which translates into a culture of mutual respect and ultimately success for the Company and its employees as we strive to meet our corporate objectives.”
“This enables us to hit the ground running as we prepare for our initial drilling program. A formal historical data compilation is in progress and will be used for the development of an updated geological model to aid in identifying regional hot spots for follow up exploration.”
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