Magma Silver Commences Q3 Work Program and Announces Near-Term Catalysts
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) ha avviato il programma di lavoro per il terzo trimestre presso il progetto argentifero-aurifero Niñobamba in Perù. L'obiettivo è definire gli obiettivi di perforazione per una campagna prevista nel quarto trimestre 2025, concentrandosi sulle aree di Jorimina e Randypata.
Il team di esplorazione, guidato dal geologo senior Edgar Leon e supervisionato da Jeffrey Reeder, P.Geo., è ora operativo in sito. La società prevede di completare i lavori preliminari alla perforazione entro la fine del terzo trimestre 2025 e di ottenere i risultati delle analisi delle rocce nello stesso periodo. Le perforazioni a Jorimina nel Q4 2025 dovrebbero iniziare con i risultati attesi prima della fine dell'anno.
Inoltre, Magma Silver sta attivamente valutando potenziali acquisizioni per ampliare il proprio portafoglio di asset in argento e oro.
Magma Silver Corp. (OTCQB: MAGMF) ha iniciado su programa de trabajo del tercer trimestre en el proyecto de plata y oro Niñobamba en Perú. El programa busca definir objetivos de perforación para una campaña planificada en el cuarto trimestre de 2025, enfocándose en las áreas de Jorimina y Randypata.
El equipo de exploración, liderado por el geólogo sénior Edgar Leon y supervisado por Jeffrey Reeder, P.Geo., ya se encuentra en el sitio. La compañía espera completar el programa previo a la perforación para finales del tercer trimestre de 2025 y obtener los resultados de los muestreos de roca en ese mismo periodo. Las perforaciones en Jorimina en el Q4 de 2025 están programadas para comenzar con resultados previstos antes de fin de año.
Además, Magma Silver está revisando activamente posibles adquisiciones para ampliar su cartera de activos de plata y oro.
Magma Silver Corp. (OTCQB: MAGMF)는 페루의 니뇨밤바 은·금 프로젝트에서 3분기 작업 프로그램을 시작했습니다. 이 프로그램은 2025년 4분기 예정된 시추 캠페인을 위한 시추 목표를 설정하는 것을 목표로 하며, 조리미나(Jorimina)와 랜디파타(Randypata) 지역에 중점을 둡니다.
수석 지질학자 에드가 레온(Edgar Leon)이 이끌고 P.Geo. 자격의 제프리 리더(Jeffrey Reeder)가 감독하는 탐사팀이 현재 현장에 배치되어 있습니다. 회사는 2025년 3분기 말까지 시추 전 작업을 완료하고 같은 기간 내에 암석 시료 결과를 받을 것으로 예상합니다. 2025년 4분기 Jorimina 시추는 연말 이전에 결과가 나올 것으로 예상되며 시작될 예정입니다.
또한 Magma Silver는 은·금 자산 포트폴리오 확대를 위해 적극적으로 인수 가능성을 검토하고 있습니다.
Magma Silver Corp. (OTCQB: MAGMF) a lancé son programme de travail pour le troisième trimestre sur le projet argent-or Niñobamba au Pérou. Le programme vise à définir des cibles de forage pour une campagne prévue au quatrième trimestre 2025, en se concentrant sur les zones de Jorimina et Randypata.
Équipe d'exploration dirigée par le géologue principal Edgar Leon et supervisée par Jeffrey Reeder, P.Geo., est désormais sur site. La société prévoit de terminer le travail préparatoire au forage d'ici la fin du troisième trimestre 2025 et d'obtenir les résultats des échantillons de roche au cours de la même période. Les forages à Jorimina au T4 2025 devraient débuter, avec des résultats attendus avant la fin de l'année.
Par ailleurs, Magma Silver examine activement des acquisitions potentielles pour élargir son portefeuille d'actifs en argent et or.
Magma Silver Corp. (OTCQB: MAGMF) hat sein Arbeitsprogramm für Q3 beim Silber-Gold-Projekt Niñobamba in Peru gestartet. Ziel des Programms ist es, Bohrziele für eine geplante Bohrkampagne im 4. Quartal 2025 zu definieren, mit Schwerpunkt auf den Gebieten Jorimina und Randypata.
Das Explorationsteam unter Leitung des leitenden Geologen Edgar Leon und unter der Aufsicht von Jeffrey Reeder, P.Geo., ist nun vor Ort. Das Unternehmen erwartet, das Vor-Bohrprogramm bis Ende Q3 2025 abzuschließen und die Ergebnisse der Gesteinsproben im selben Zeitraum zu erhalten. Die Bohrungen in Jorimina im Q4 2025 sollen beginnen, mit Ergebnissen, die noch vor Jahresende erwartet werden.
Außerdem prüft Magma Silver aktiv mögliche Akquisitionen, um sein Silber- und Gold-Asset-Portfolio zu erweitern.
- Active exploration program underway at advanced Niñobamba silver-gold project
- Strategic expansion plans through potential acquisitions in silver and gold assets
- Near-term catalysts with drilling results expected before end of 2025
- No current mineral resource estimates provided
- Exploration results and timing subject to uncertainties
Highlights:
- Work program underway to define drill targets
- Drilling planned for Q4 2025
- Upcoming catalysts for 2025 include reviewing potential acquisitions to broaden the silver and gold asset portfolio
Vancouver, British Columbia--(Newsfile Corp. - August 25, 2025) - Magma Silver Corp. (TSXV: MGMA) (OTCQB: MAGMF) (FSE: BC21) (WKN: A411DV) ("Magma", or the "Company") announces the commencement of the work program designed to evaluate and define targets for the planned Q4 drill program at the advanced Niñobamba silver-gold project in Peru. The drill program will follow up on previous work to optimize drilling directions and to identify new drill site locations.
Stephen Barley, Chairman & CEO, stated, "We are excited to advise that our exploration team is now on site at the advanced Niñobamba silver-gold project. The program will focus on the Jorimina and Randypata areas. The work being carried out will assist in refining drill targets for our planned Q4 drill program and expand our overall technical knowledge of the style and extent of the mineralized zones. The work program will be led by Senior Geologist, Edgar Leon (see news release dated July 16, 2025) and supervised by Jeffrey Reeder, P. Geo., Senior Technical Advisor."
Near-Term Catalysts
- The pre-drilling work program will be completed by the end of Q3 2025, with results from rock samples expected in the same period.
- Drilling at Jorimina is anticipated to commence in Q4 2025, with results expected before the end of the year.
- Magma is reviewing potential acquisitions to broaden exposure to silver and gold assets.
Figure 1: shows the locations of the Jorimina and Randypata zones.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3145/263359_e461e199241dab7a_002full.jpg
Figure 2: Newmont's Historic Drill Location on the Jorimina Zone.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3145/263359_e461e199241dab7a_003full.jpg
Qualified Person
Jeffrey Reeder, P.Geo, a qualified person as defined in National Instrument 43-101 and a Senior Technical Advisor of the Company, has prepared, supervised the preparation or approved of the scientific and technical disclosure contained in this news release.
About Magma Silver Corp.
Magma Silver Corp. is a natural resources exploration company with a focus on acquiring, exploring, developing, and operating precious metal mining projects. Listed on the TSV Venture Exchange ("MGMA"), OTCQB ("MAGMF"), and Frankfurt Exchange ("BC21"), the Company's primary focus is on exploring and developing the advanced Niñobamba silver-gold project in the mining-friendly country of Peru. Niñobamba spans an 8 km mineralized corridor in a prolific geological belt of a high-sulphidation epithermal system. Extensive exploration by Newmont Corporation, AngloGold Ashanti Limited, Bear Creek Mining Corporation and others has demonstrated significant resource potential with over C
For more information, please visit our website at www.magmasilver.com.
Contact Information
Stephen Barley, Chairman & CEO
Phone: +1 (604) 252-2672
Email: stephen.barley@magmasilver.com
Jason Baker, CFO & Director
Phone: +1 (604) 252-2672
Email: ir@magmasilver.com
Website: www.magmasilver.com
X: @MagmaSilverCorp
Reader Advisory
This news release may contain forward-looking information within the meaning of applicable securities laws. All information and statements other than statements of current or historical facts contained in this news release are forward-looking information. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in Magma Silver Corp.'s periodic filings with Canadian securities regulators. When used in this news release, words such as "will", "could", "plan", "estimate", "expect", "intend", "may", "potential", "should," and similar expressions, are forward- looking statements. The information provided in this document is necessarily summarized and may not contain all available material information. Forward-looking statements include those in relation to (i) the accuracy of the historical work conducted by Newmont, and (ii) the expected benefits to the Company from the work program. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can't make any assurances that its expectations will be achieved. Such assumptions may prove incorrect. Although the Company has attempted to identify important factors that could cause actual results, performance, or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance, or achievements not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate or that management's expectations or estimates of future developments, circumstances, or results will materialize. As a result of these risks and uncertainties, no assurance can be given that any events anticipated by the forward-looking information in this news release will transpire or occur, or, if any of them do so, what benefits the Company will derive therefrom. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and the Company disclaims any intention or obligation to update or revise such information, except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/263359
FAQ
What are the key milestones in Magma Silver's (MAGMF) Q3 2025 work program?
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When does Magma Silver (MAGMF) expect to receive drilling results from Niñobamba?
