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Magma Silver (OTCQB: MAGMF) reported Phase 2 results from the Niñobamba project in Peru covering Joramina and Randypata. Phase 2 sampled 70 specimens over a 10-day campaign and confirmed historical results in places while exceeding them in others.
Key assays include 10 m @ 2.32 g/t Au, a 5 m composite @ 4.085 oz/t Ag, a 0.70 m chip @ 17.41 g/t Au & 13.94 oz/t Ag, and a Randypata grab of 0.20 g/t Au & 8.55 oz/t Ag. Company plans drilling using revised orientations; some samples will be re-assayed for QC and lead/zinc follow-up assays are planned.
Magma Silver (OTCQB: MAGMF; TSXV: MGMA) announced on October 10, 2025 a grant of 1,850,000 incentive stock options to certain directors, officers, consultants, and employees under its Stock Option Plan. The Stock Options are exercisable for a period of five years at an exercise price of CAD $0.20 per share. The grant follows the company’s equity‑compensation framework and is intended for eligible insiders and service providers.
Magma Silver Corp. (OTCQB: MAGMF) has announced significant results from its Phase 1 work program at the Niñobamba silver-gold project in Peru. The program has validated and exceeded historical results from previous Newmont Mining Corp. exploration, with notable findings including samples averaging 5.32 g/mt Au and 4.812 oz/mt Ag from four old mine workings.
Key highlights include exceptional samples reaching up to 14.56 g/mt Au and 10.594 oz/mt Ag. The Phase 1 campaign, which involved collecting 75 samples across different zones, showed strong correlation with Newmont's previous findings. The company has already initiated Phase 2 of the work program, focusing on additional sampling, including a two km-long untested silver anomaly on the Randypata property.
The project spans 4,100 hectares across three contiguous properties: Jorimina, Randypata, and Niñobamba Main, with plans for a drill program in Q4.Magma Silver Corp. (OTCQB: MAGMF) has announced a 12-month online marketing partnership with AGORACOM featuring AI-generated content to enhance investor outreach. The program, valued at CDN $125,000, will be executed through a shares-for-services agreement with no cash payment required.
The campaign includes innovative AI-driven content such as movie trailers, multilingual avatars, and storytelling elements to showcase Magma's Niñobamba silver and gold project in Peru. Additionally, the company will launch a verified discussion forum on AGORACOM's platform to facilitate moderated engagement between management and shareholders.
The compensation will be distributed in 5 installments of $25,000 worth of shares each, starting August 28, 2025, and continuing quarterly through August 28, 2026, subject to TSXV acceptance.
Magma Silver Corp. (OTCQB: MAGMF) has initiated its Q3 work program at the Niñobamba silver-gold project in Peru. The program aims to define drill targets for a planned Q4 2025 drilling campaign, focusing on the Jorimina and Randypata areas.
Led by Senior Geologist Edgar Leon and supervised by Jeffrey Reeder, P.Geo., the exploration team is now on-site. The company expects to complete the pre-drilling work program by the end of Q3 2025, with rock sample results anticipated in the same period. Q4 2025 drilling at Jorimina is scheduled to commence with results expected before year-end.
Additionally, Magma Silver is actively reviewing potential acquisitions to expand its silver and gold asset portfolio.
Magma Silver Corp. (OTCQB: MAGMF) has announced the initiation of a summer work program at its Niñobamba silver-gold project in Peru. The program will focus on evaluating and defining targets for a planned Q4 drill program at the Jorimina and Randypata deposits.
The project builds upon historical drilling by Newmont Corporation, which included 3,536 rock samples, 2,988 channel samples, and over 7,800 meters of drilling. Notable historical results include an intercept of 72.3m at 1.19 g/t gold in hole JM1. The Randypata zone features a previously undrilled 2 km long silver anomaly.
The work program will be led by Senior Geologist Edgar Leon and supervised by Jeffrey Reeder, P.Geo., with the company planning to present updates at several upcoming mining investment conferences in Q3-Q4 2025.
Magma Silver (OTCQB: MAGMF) has announced significant additions to its Peru operations team and the establishment of a Peruvian subsidiary. The company has engaged Ecosoul Environmental Impact Consultants to manage environmental studies and community relations, and appointed Edgar Leon Choque, a senior geological engineer with over 30 years of experience, as Senior Field Geologist.
The company has also incorporated a new Peruvian subsidiary, Minas Sami Plata S.A.C. ("Lucky Silver Mines" in Quechua), to facilitate local operations. These developments support Magma's upcoming drill program at Jorimina and Randypata, targeted for Q3 2025.
Magma Silver (OTCQB: MAGMF) has established operations in Peru with a new office in Lima and key appointments to strengthen its presence in the region. The company has appointed Carlos Agreda Minaya as General Manager for administrative and regulatory operations in Peru. Mr. Agreda brings valuable experience with an MBA from ESAN, a geology degree, and extensive knowledge of the company's Niñobamba property.
The company has also secured Dentons as its Peruvian legal counsel, with senior partner Fernando Pickmann serving as lead legal advisor. The new Lima office is staffed with mining sector experts specializing in accounting, taxation, and permitting, positioning Magma Silver for effective operations in the mining-friendly jurisdiction.
Silver prices have surged past $36 per ounce, marking a 13-year high and representing a significant increase from January's $28.92. Magma Silver Corp (OTCQB: MAGMF) is advancing its Niñobamba silver-gold project in Peru, with property payments secured through June 2026 and plans for diamond drilling in Q4 2025.
The project spans a 4,100-hectare land package across a 6.5-kilometer mineralized corridor, building on over $10 million in historical exploration by major mining companies. Historical drilling results include impressive intercepts of 72.3 meters of 1.19 g/t gold and 130 meters of 87 g/t silver. Analysts project silver prices could reach between $40 to $130 per ounce, with UBS specifically targeting $40.
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