Day: November 29, 2021

Silverton Metals Corp. Obtains a Surface Access Agreement for the Pluton Silver-Zinc Project, Durango, Mexico

Mr. John Theobald, President & CEO of Silverton, comments, “I am pleased to have successfully concluded a three-year access agreement for Pluton. The district is a major hydrothermal system with excellent potential to locate high-grade silver-zinc manto-chimney deposits similar to those mined in the historic Ojuela Mine and the nearby Platosa mine, which is Mexico’s highest-grade silver mine with a silver equivalent grade of over 1,000g/t.”

MAG Silver Closes US$46 Million Common Share Offering

MAG intends to use the net proceeds of the Offering to fund exploration on Juanicipio and its other projects including Deer Trail, and to fund certain sustaining capital requirements at the Juanicipio Project not included in the initial project capital estimates, and for working capital and general corporate purposes.

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