MAG Silver Reports High-Grade Silver-Copper-Zinc Intercepts From the Salamandra Property, Durango, Mexico

MAG Silver Reports High-Grade Silver-Copper-Zinc Intercepts From the Salamandra 
Property, Durango, Mexico 
FOR: MAG Silver Corp. 
MARCH 17, 2014 
MAG Silver Reports High-Grade Silver-Copper-Zinc Intercepts From the Salamandra
Property, Durango, Mexico 
SM14-15: 7.89m grading 166 g/t (4.9 opt) Ag and 1.2% Cu  Including: 2.3m
grading 393 g/t (11.5 opt) Ag and 3.6% Cu  SM13-13: 31.72m grading 3.5% Zn
including 17.72m grading 5.0% Zn 
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 17, 2014) - MAG Silver Corp.
(TSX:MAG)(NYSE MKT:MVG) ("MAG" or the "Company") is pleased
to announce assay results from its five hole, 3,500 metre Phase 1 drill program
on the Salamandra Property in Durango, Mexico optioned from Canasil Resources
Inc. ("Canasil"). Drilling began in November, 2013 and in February,
2014 an additional 500 metres of drilling was added; this release covers the
entire 3,500 metre initial program.  
MAG's exploration program consisted of five widely separated holes (see
map: and all five
hit high-grade to strongly anomalous silver-copper or zinc mineralization over
significant widths (see Table 1). True thickness cannot yet be determined for
any of the intercepts. The system remains open in all directions and the
drilling program is currently operating with two diamond drill rigs.  
Hole SM14-15 hit high-grade silver-copper mineralization over 7.89 metres,
which reported 166 grams/tonne ("g/t") (4.9 ounces per ton
("opt")) silver ("Ag") and 1.2% copper ("Cu"),
including: 2.3 metres grading 393 g/t (11.5 opt) Ag and 3.6% Cu with
appreciable lead ("Pb") and zinc ("Zn"). In contrast, Hole
SM13-13 cut 31.72 metres grading 3.5% Zn including 17.72 metres grading 5.0% Zn
with no other appreciable metals. Notably, SM13-13 contained zinc
mineralization for almost its entire length, with 810 metres averaging 0.6% Zn
including several thick zones grading over 1.5% Zn. The remaining three holes
cut significant or strongly anomalous amounts of Ag, Cu, Zn and Pb.  
"Salamandra is clearly a metals-rich, multi-stage system with significant
size potential as indicated by our widely-spaced drilling," said George
Paspalas, MAG Silver President and CEO. "We have extended our drilling
program and brought in a second rig so we can continue delineating the system
while fleshing out the best intercepts." 
About Salamandra 
Salamandra appears to be a typical Mexican Carbonate Replacement/Skarn Deposit
("CRD") and is very similar to MAG's Cinco de Mayo Project; the
same exploration model that drove successful exploration there is being applied
to Salamandra. Salamandra lies 80 kilometres northwest of Mexico's largest
known silver-lead-zinc CRD-skarn deposit, the Sabinas-San Martin District. Both
Salamandra and Sabinas-San Martin are favorably positioned at the intersection
of the Mexican CRD Belt (that also hosts MAG's Cinco de Mayo CRD project)
and the Fresnillo Trend (that hosts MAG's Juanicipio Project). Previous
drilling at Salamandra by Canasil (Holes 1-12) was undertaken in a limited area
characterized by medium to high-grade zinc mineralization. MAG's
exploration program was designed to probe and develop a better understanding of
the scope and size of the system and development of exploration vectors, so
drilling focused on targets 200 to 2000 metres from previous drilling. Targets
included mineralized intrusive breccias, dike swarms and mineralized structures
revealed by MAG's detailed geologic mapping, geochemical sampling, and
reinterpretation of Canasil geophysics.  
Table 1: Assay Results 
Hole              From       To Interval     Au     Ag     Ag   Cu   Zn   Pb
Number        (metres) (metres) (metres)  (g/t)  (g/t)  (opt)  (%)  (%)  (%)
SA13-13          20.65   830.81   810.16   0.01      2   0.05    0  0.6    0
SA13-13         288.63   351.87    63.24   0.00      2   0.05    0  1.6    0
SA13-13         455.89   465.67     9.78   0.05      0   0.01    0  2.6    0
SA13-13         483.45   491.85     8.40   0.01      0   0.01    0  1.7    0
SA13-13         637.50   669.22    31.72   0.00      1   0.04  0.1  3.6    0
SA13-13         641.08   658.80    17.72   0.00      2   0.05  0.1  5.0    0
SA13-13         681.48   691.57    10.09   0.03      1   0.04  0.1  1.8    0
SA14-14         146.30   152.18     5.88   0.00      3   0.08    0  1.7    0
SA14-14         165.99   182.88    16.89   0.01     29   0.84    0  1.8  0.2
SA14-14         182.40   182.88     0.48   0.04    197   5.75  0.4  1.1  0.6
SA14-14         184.78   185.28     0.50   0.01     53   1.55  0.1  0.5  0.9
SA14-14         186.38   186.80     0.42   0.07    108   3.15  0.5  0.6  1.4
SA14-15         605.74   613.63     7.89   0.08    166   4.86  1.2  1.2  0.6
SA14-15         607.50   609.80     2.30   0.25    393  11.45  3.6  2.8  0.4
SA14-16           6.52    58.11    51.59   0.00      3   0.09    0  0.4    0
SA14-16          89.10   102.61    13.51   0.00     12   0.36    0  0.4    0
SA14-17         171.45   176.58     5.13   0.00     10   0.30    0  1.2  0.3
MAG Silver-Canasil Option Agreement 
In May 2013, the Company entered into an option agreement with Canasil whereby
the Company can earn up to a 70% interest in Canasil's 14,719 hectare
Salamandra property (See Press Release May 28, 2013). To complete the initial
earn-in of a 55% interest, MAG must complete CDN$5.5 million in exploration
expenditures on the property (CDN$1.04 million incurred to December 31, 2013)
and make CDN$750,000 in cash payments to Canasil (CDN$150,000 paid to December
31, 2013) over a period of four years to May 28, 2017. MAG can earn an
additional 15% by producing either a feasibility study or spending an
additional CDN$20 million over an additional four year period.  
Qualified Person: Dr. Peter Megaw, Ph.D., C.P.G., has acted as the qualified
person as defined in National Instrument 43-101 for this disclosure and
supervised the preparation of the remaining technical information in this
release. Dr. Megaw has a Ph.D. in geology and more than 25 years of relevant
experience focused on silver and gold mineralization, and exploration and
drilling in Mexico. He is a certified Professional Geologist (CPG 10227) by the
American Institute of Professional Geologists and an Arizona registered
geologist (ARG 21613). Dr. Megaw is not independent as he is a Director and
Shareholder of MAG. Dr. Megaw is satisfied that the results are verified based
on an inspection of the core, a review of the sampling procedures, the
credentials of the professionals completing the work and the visual nature of
the silver and base metal sulphides within a district where he is familiar with
the style and continuity of mineralization. 
Quality Assurance and Control: The Company has in place a quality control
program to ensure best practices in sampling and analysis. Samples were
collected by employees of consulting firm Minera Cascabel S.A. de C.V. on
behalf of MAG Silver Corp. The diamond drill core samples are shipped directly
in security sealed bags to ALS-Chemex Laboratories preparation facilities in
Hermosillo, Sonora or Chihuahua City (Certification ISO 9001). Sample pulps are
shipped from there to ALS-Chemex Laboratories in North Vancouver, Canada for
analysis. All samples were assayed for gold by standard fire assay-ICP finish
with a 50 gram charge. Gold values in excess of 3.00 g/t were re-analyzed by
fire assay with gravimetric finish for greater accuracy. Silver, zinc, copper
and lead values in excess of 100 ppm, 1%, 1% and 1% respectively are also
repeated by fire assay.  
About MAG Silver Corp. ( )  
MAG Silver Corp. (TSX:MAG)(NYSE MKT:MVG) is focused on advancing two
significant projects located within the Mexican Silver Belt. Our mission is to
become one of the premier companies in the silver mining industry. Currently,
we are advancing the underground decline towards the high grade Valdecanas
Silver vein and delineating the Desprendido and Juanicipio discoveries in
Zacatecas State, all within the joint venture between MAG Silver (44%) and
Fresnillo plc (56%). In addition, we are negotiating surface access in order to
further delineate our district scale, 100% owned Cinco de Mayo property in
Chihuahua state, where two new silver, lead, zinc discoveries are opening up
further growth opportunities for MAG Silver Corp. MAG is based in Vancouver,
British Columbia, Canada. 
On behalf of the Board of MAG SILVER CORP. 
George Paspalas, President and Chief Executive Officer 
Neither the Toronto Stock Exchange nor the NYSE MKT has reviewed or accepted
responsibility for the accuracy or adequacy of this press release, which has
been prepared by management. 
This release includes certain statements that may be deemed to be
"forward-looking statements" within the meaning of the US Private
Securities Litigation Reform Act of 1995. All statements in this release, other
than statements of historical facts are forward looking statements, including
statements that address future mineral production, reserve potential,
exploration drilling, exploitation activities and events or developments.
Forward-looking statements are often, but not always, identified by the use of
words such as "seek", "anticipate", "plan",
"continue", "estimate", "expect",
"may", "will", "project", "predict",
"potential", "targeting", "intend",
"could", "might", "should", "believe"
and similar expressions. These statements involve known and unknown risks,
uncertainties and other factors that may cause actual results or events to
differ materially from those anticipated in such forward-looking statements.
Although MAG believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results or developments may differ
materially from those in the forward-looking statements. Factors that could
cause actual results to differ materially from those in forward-looking
statements include, but are not limited to, changes in commodities prices,
changes in mineral production performance, exploitation and exploration
successes, continued availability of capital and financing, and general
economic, market or business conditions, political risk, currency risk and
capital cost inflation. In addition, forward-looking statements are subject to
various risks, including that data is incomplete and considerable additional
work will be required to complete further evaluation, including but not limited
to drilling, engineering and socio-economic studies and investment. The reader
is referred to the Company's filings with the SEC and Canadian securities
regulators for disclosure regarding these and other risk factors. There is no
certainty that any forward looking statement will come to pass and investors
should not place undue reliance upon forward-looking statements.  
Please Note: 
Investors are urged to consider closely the disclosures in MAG's annual
and quarterly reports and other public filings, accessible through the Internet
at and 
MAG Silver Corp.
Michael J. Curlook
VP Investor Relations and Communications
(604) 630-1399 or Toll free: (866) 630-1399
(604) 681-0894 
INDUSTRY:  Manufacturing and Production - Mining and Metals 
-0- Mar/17/2014 13:00 GMT
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