• Deer Trail

Overview

The Deer Trail Project includes 111 patented and 682 unpatented claims (approximately 5,600 Ha) encompassing the historic Deer Trail Mine and the adjoining Alunite Ridge area in Piute County, Utah.  The Deer Trail Project satisfies MAG’s top criteria when exploring for large CRD systems, specifically: the presence of high silver grades; location on a deep-penetrating regional-scale fault that hosts major CRD-family deposits; location at the top of a thick section of favorable host rocks; and an identifiable plumbing network of faults and mineralization (see Press Release September 10, 2020).

MAG’s initial exploration strategy on this property is already well advanced, and is to project the geometry of the feeder structures of the known CRD mineralization to depth into inferred underlying limestone host rocks to seek larger scale silver-rich massive sulfide replacements and potentially mineralized skarn. A deep-looking underground 2-D seismic survey was completed subsequent to the quarter end in October 2020.  The underground seismic survey results should assist in mapping out favorable host rocks at depth and in refining final drill hole angles and depths for the Phase I drill program.

2020 PHASE I DRILL PROGRAM

With drill roads completed and drill pads fully permitted, a 6,500-metre Phase I surface drilling program commenced subsequent to the quarter end in November 2020 (all assays pending).  Initial targeting is based on an integrated 3D Leapfrog Geo® project combining a large historic data set with MAG’s CRD exploration model plus extensive new surface and underground mapping, core relogging and geophysical reprocessing.

MAG’s Phase I drilling priorities include: determining the depth to the thick section of high-potential limestone host formations known regionally to lie just below the comparatively unfavorable host rocks of the Deer Trail mine; tracing the identified steeply-dipping feeder structures to depth into these limestones; and, locating massive sulfide mineralization controlled by the above.

COVID-19: Deer Trail Project

Safety is one of MAG’s key core values, and MAG is following protocol guidance from governmental public health agencies.  To date, no MAG employees or contractors at the Deer Trail Project site have tested positive for COVID-19.

Exploration

In late 2018, the Company entered into an option agreement with another private group whereby MAG has the right to earn 100% ownership interest in a company which owns the Deer Trail project in Utah. MAG paid $150 upon signing the agreement and another $150 subsequent to September 30, 2020.  To earn 100% interest in the property, MAG must make remaining cash payments of $1,700 over the next 8 years and fund a cumulative of $30,000 of eligible exploration expenditures ($3,495 incurred to September 30, 2020) by 2028. Upon MAG’s 100% earn-in, the vendors would retain a 2% NSR. 

Deer Trail Presentation

Deer Trail Technical Presentation

Deer Trail Non -Technical slide deck PDF

Deer Trail Non-Technical Video Presentation

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Fresnillo Annual Report 2019

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