MAG Silver Corp. reported results from six completed holes (10,972 m total) in surface-based Phase 2 drilling on its Deer Trail Carbonate Replacement Deposit Project in central Utah, USA. The highlight is the discovery of the “Carissa” zone found in aggressive step-outs drilled 1 km to the southwest of the “Deer Trail Mine Corridor”.

Discovery Hole DT22-09 cut the longest intercept of continuous mineralisation with 273.8 m of sulfide “lacing” averaging 12 g/t Silver, 0.2% Copper and 0.3% Lead plus Zinc with individual sulfide bands grading from 59-266 g/t Silver 0.2-5.5% Copper, 0.1-1.5% Lead, 0.1-5.2% Zinc. Phase 2 drilling also included drilling within the Deer Trail Mine Corridor. Differing characteristics suggest Carissa and the Deer Trail Mine Corridor were both fed along separate mineralization channel-ways leading from the interpreted Deer Trail Mountain Porphyry to the west. Assays are pending for two additional holes and drilling continues 1.7 km southeast of the Carissa zone on a strong geophysical anomaly at the intersection of two major structures.

Follow-up drill permits for Carissa are expected soon. Key Takeaways: DT22-09 intercepted 273.8m of distinctive sulfide lacing (mineralization) averaging 12 g/t Silver, 0.2% Copper, 0.1% Lead and 0.2% Zinc, with individual sulphide bands grading 59-266 g/t Silver, 0.2-5.5% Copper, 0.1-1.5% Lead, 0.1-5.2% Zinc and Trace-1.5 g/t Gold. The lacing zone in Hole DT22-09 is preceded by hundreds of metres of progressively zoned AMOM, marble and mineralized garnet-pyroxene-magnetite skarn.

DT22-10 cut the same progression of alteration as DT22-09 over 115.6 m before being lost in sulphide lacing mineralization. High grade mineralization intercepted in holes DT22-05 through 08 within the “Deer Trail Mine Corridor” has differing compositional and geological characteristics from those observed at Carissa, indicating they were likely fed along separate mineralization pathways from those responsible for Carissa. The overall results continue to reinforce MAG's CRD exploration model and suggest multiple mineralization channel-ways extending from the inferred Deer Trail Mountain porphyry center.

Multiple fluid channel-ways are a characteristic of many major CRD system.