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This award recognizes an individual or a team of explorationists credited with a recent significant mineral discovery anywhere in the world.
Peter Megaw, MAG Silver Corporation: For the 2003 discovery of the 200 million ounce Juanicipio silver deposit in the Fresnillo District, Mexico, ultimately leading to a further 600 million ounces being identified in the immediate area.
In 2003, Peter Megaw, a Professional Geologist and co-founder of MAG Silver, made a blind discovery known as the Juanicipio silver deposit that contains more than 200 million ounces silver. The discovery resulted from an understanding of structural controls and mineral zoning patterns of epithermal vein systems and persistent application of field-based exploration methods.
The Juanicipio silver deposit was discovered in the 500 kilometre-long Fresnillo epithermal belt in Mexico, which extends from the Guanajuato district (1.3 billion ounces silver) through Zacatecas (1.0 billion ounces silver) and Fresnillo (1.2 billion ounces silver) to the San Martin-Sabinas district (800 million ounces silver). Continue Reading →