MAG Provides Update on Silver King Fire In Piute County, Central Utah
July 11 2024 - 6:50AM
MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG”
or “MAG Silver”) reports that its Deer Trail Project in central
Utah is being affected by the Silver King Fire in Piute County. In
an abundance of caution, exploration operations at the Deer Trail
Project have been temporarily paused, with all personnel safe and
the Deer Trail site secure. MAG will continue to carefully monitor
the situation and comply with all local directives. The Company
does not expect this temporary pause in operations to have a
material impact on the business.
About MAG Silver Corp.
(www.magsilver.com)
MAG Silver Corp. is a growth-oriented Canadian
mining and exploration company focused on advancing high-grade,
district scale precious metals projects in the Americas. MAG Silver
is a top-tier primary silver mining company through its (44%) joint
venture interest in the 4,000 tonnes per day (tpd) Juanicipio mine,
operated by Fresnillo plc (56%). The mine is located in the
Fresnillo Silver Trend in Mexico, the world’s premier silver mining
camp, where in addition to mining and processing operations, an
expanded exploration program is in place targeting multiple highly
prospective targets. MAG Silver is also executing multi-phase
exploration programs at the Deer Trail 100% earn-in project in Utah
and the 100% owned Larder project, located in the historically
prolific Abitibi region of Canada.
Neither the Toronto Stock Exchange nor the NYSE American 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 or
“forward-looking information” within the meaning of applicable
Canadian securities legislation (collectively, “forward-looking
statements”). All statements in this release, other than statements
of historical facts are forward looking statements, including
statements that address our expectations with respect to the
duration of the pause in operations, and impact on operations, at
Deer Trail, and with respect to the prospectivity of our
exploration targets. 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
the forward-looking statements identified herein include, but are
not limited to, longer than anticipated cessation of operations,
and greater than anticipated loss from shutdown of operations, at
Deer Trail and the impact of geological variations on actual
exploration results and general economic, market or business
conditions, political risk. In addition, forward-looking
statements are subject to various risks, including those risks
disclosed in MAG Silver’s filings with the Securities Exchange
Commission (the “SEC”) and Canadian securities regulators. All
forward-looking statements contained herein are made as at the date
hereof and MAG Silver undertakes no obligation to update the
forward-looking statements contained herein. 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.
For further information on behalf of MAG Silver Corp.
Contact Michael J. Curlook, Vice President, Investor Relations and Communications
Phone: (604) 630-1399
Toll Free:(866) 630-1399
Website:www.magsilver.com
Email: info@magsilver.com
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