First Majestic Provides Review of 2017 Exploration Program and Plans for 2018

FirstMajestic

VANCOUVER, British Columbia, Jan. 09, 2018 (GLOBE NEWSWIRE) — FIRST MAJESTIC SILVER CORP.(NYSE:AG) (TSX:FR) (the “Company” or “First Majestic”) is pleased to announce a year-end review of its 2017 exploration program and plans for its 2018 exploration program.

2017 HIGHLIGHTS

  • Completed over 156,500 metres of diamond drilling consisting of 807 holes, a new Company record, across the six operating mines and the Plomosas silver project
  • New discovery at Ermitaño West near the Santa Elena Silver/Gold mine:
    • EW-16-09 intersected 3.0 g/t gold and 50 g/t silver over 37.0 metres (est. true width)
    • EW-16-06 intersected 4.7 g/t gold and 277 g/t silver over 12.9 metres (est. true width)
  • New discoveries and relevant extensions at:
    • Santa Elena – Main Vein extension to the west
    • La Encantada – new La Fe replacement ore body discovery
    • La Parrilla – discovery of the Cerro de Santiago vein parallel to Rosario
    • Del Toro – Santa Teresa vein south extension continues
    • San Martin – Hedionda vein extension continues
    • La Guitarra –Nazareno north-west extension and Nazareno de Ancas finding
    • Plomosas – Plomosas vein extension and finding of a new stockwork system
  • Advanced optimization program designed to improve metallurgical recoveries with concentrate cleaning upgrades across all processing plants
  • An initial resource estimate for the Plomosas silver project expected to be released by the end of 2018 with over 17,500 metres drilled in 2017 and an estimated 22,000 metres planned in 2018
  • Updated Mineral Reserve and Resource estimates across all mines being prepared now and scheduled for release by end of Q1 2018

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