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 
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) -- 03/17/14 --   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:
http://media3.marketwire.com/docs/933572-MAG-map-031714.pdf) 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. (www.magsilver.com )  
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 www.sedar.com and
www.sec.gov/edgar/searchedgar/companysearch.html. 
Contacts:
MAG Silver Corp.
Michael J. Curlook
VP Investor Relations and Communications
(604) 630-1399 or Toll free: (866) 630-1399
(604) 681-0894 (FAX)
info@magsilver.com
www.magsilver.com
 
 
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