MAG Silver Discovers High Grade Molybdenum With Gold at Cinco De Mayo
September 26th, 2009 | File Under : Companies - Gold - Mineral Exploration
MAG Silver Corp. is pleased to announce assay and geological results from ongoing exploration drilling on its 100% owned Cinco de Mayo property in northern Chihuahua State, Mexico. The most significant result from this ongoing program is the discovery of a high grade Molybdenum (Mo) (gold) zone at Pozo Seco located 4.0 kilometres southwest of the Jose Manto Discovery (see Tables 1.0 and 2.0).
Hole 130, reported 75 metres (beginning near surface) averaging 0.307% molybdenum (Mo), including 34.5 metres averaging 0.637% Mo with 0.140 ppm gold, and also including 4.65 metres that runs 1.64% Mo with 0.467 ppm gold.
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