mag reported the results from four drill holes, but i think what they did not say is just as important: finally a news release without a single nasty remark about fresnillo. so they may have put the acrimony of the takeunder bid behind them, and now they can get back to the business of drilling and developing juanicipio.
Assay results have been received for four recent holes drilled on the joint venture holdings. Three of the holes were drilled as part of the planned 2009 infill drilling program designed to define the Valdecanas Vein on one hundred meter centres as well as define the upper limit of the Bonanza Zone. The remaining hole was an exploration hole drilled on the Juanicipio Vein.
The most important results from this series are from Hole PE2, drilled on the east-central portion of the Valdecanas vein. The assays report a high grade silver and gold intercept of 8.85 meters (8.02 meters true width) carrying 448 grams per tonne silver (13.1 ounces per ton (opt)), 5.70 g/t gold (0.17 opt), 1.68% lead and 4.21% zinc.
Holes PC and JB were drilled to define the top of the bonanza zone and returned values consistent with expectations for intersections just above the zone (see table below for details).
The fourth hole drilled, Hole 21P was on the Juanicipio Vein and this hole intersected the vein almost 150 meters east of hole 20P and about 45 meters higher in elevation. Results are consistent with earlier results at this elevation and details are included in the table below.
Drilling has now tracked the Juanicipio Vein for over 1 kilometre along strike, with textures and metal values indicating that the vein is being cut at a high level, potentially comparable to the irregular uppermost portions of the Valdecanas Vein (Note zone above about 1800m elevation on Long Section below). Results to date indicate that the "top out" of the Juanicipio Vein lies at an elevation 100 to 150 metres deeper than that seen in the Valdecanas Vein, so the next series of planned holes have been redesigned to seek the heart of the Bonanza Zone 100-200 metres deeper.
http://finance.yahoo.com/news/MAG-Silver-Reports-on-the-iw-499310899.html?x=0&.v=1
