MAG Provides Exploration Update and Outlook for Larder and Deer Trail Projects

Core Insights - MAG Silver Corp. is advancing its exploration activities at the Larder and Deer Trail projects, which are integral to the company's growth strategy, demonstrating potential for significant high-grade mineralization [1][2][7] - The company is committed to disciplined capital allocation, leveraging robust cash flow from the Juanicipio project to enhance shareholder value while pursuing greenfield growth opportunities [2][7] Larder Project Highlights - The Larder project is located in the Abitibi Gold Belt and aims to discover a multi-million-ounce high-grade gold deposit [8][9] - Recent drilling has confirmed the extension of the Cheminis and Bear zones to depths of 900 meters and 1,200 meters, respectively, with high-grade gold intercepts of 10.2 g/t over 6.3 meters and 42.1 g/t over 1.5 meters [5][10] - New regional discoveries include a gold intercept of 3.2 g/t over 10.0 meters in the Timiskaming conglomerate [5][11] Deer Trail Project Highlights - The Deer Trail project has seen significant advancements, including the discovery of the Carissa copper-silver skarn and the Nodular gold zone, which highlight the scale of the mineralized hydrothermal system [17][21] - Drilling at the Deer Trail mine corridor has revealed high-grade silver-lead-zinc mineralization, with notable intercepts of 151 g/t silver over 2.76 meters [24][25] - The exploration strategy focuses on a "hub-and-spoke" model, targeting high-grade polymetallic CRD/Skarn style mineralization [18][20] 2025 Exploration Outlook - The 2025 exploration plan is being finalized, with drilling expected to commence in the second half of the year, focusing on high-potential targets identified through extensive data analysis [4][6][29] - The company is exploring cost-effective drilling methods to mitigate high costs associated with challenging ground conditions [6][17] Strategic Land Acquisition - MAG has acquired the Goldstake Property, effectively doubling the project's land area and enhancing its exploration potential with historic high-grade intercepts [5][15] Conclusion - The exploration results from the Larder and Deer Trail projects are expected to drive a focused and efficient exploration campaign in 2025, with a commitment to maximizing discovery potential and shareholder returns [29]