Magma Silver Q3 Drilling Preparation Work Program
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 Corp. (OTCQB: MAGMF) ha annunciato l'avvio di un programma di lavoro estivo presso il suo progetto argento-oro Niñobamba in Perù. Il programma sarà incentrato sulla valutazione e definizione degli obiettivi per un piano di perforazioni previsto per il quarto trimestre presso i depositi Jorimina e Randypata.
Il progetto si basa su perforazioni storiche effettuate da Newmont Corporation, che hanno incluso 3.536 campioni di roccia, 2.988 campioni di canale e oltre 7.800 metri di perforazioni. Tra i risultati storici più significativi vi è un'intercettazione di 72,3 m a 1,19 g/t di oro nel foro JM1. La zona Randypata presenta un'anomalia d'argento lunga 2 km mai perforata.
Il programma di lavoro sarà guidato dal geologo senior Edgar Leon e supervisionato da Jeffrey Reeder, P.Geo., con l'azienda che prevede di fornire aggiornamenti in diverse conferenze di investimento minerario previste nel terzo e quarto trimestre 2025.
Magma Silver Corp. (OTCQB: MAGMF) ha anunciado el inicio de un programa de trabajo de verano en su proyecto de plata y oro Niñobamba en Perú. El programa se centrará en evaluar y definir objetivos para un programa de perforación planeado para el cuarto trimestre en los depósitos Jorimina y Randypata.
El proyecto se basa en perforaciones históricas realizadas por Newmont Corporation, que incluyeron 3.536 muestras de roca, 2.988 muestras de canal y más de 7.800 metros de perforación. Resultados históricos notables incluyen una intersección de 72,3 m a 1,19 g/t de oro en el pozo JM1. La zona Randypata presenta una anomalía de plata de 2 km de longitud no perforada previamente.
El programa de trabajo estará liderado por el geólogo senior Edgar Leon y supervisado por Jeffrey Reeder, P.Geo., con la empresa planeando presentar actualizaciones en varias conferencias de inversión minera durante el tercer y cuarto trimestre de 2025.
Magma Silver Corp. (OTCQB: MAGMF)는 페루에 위치한 Niñobamba 은-금 프로젝트에서 여름 작업 프로그램을 시작했다고 발표했습니다. 이번 프로그램은 Jorimina와 Randypata 광상의 4분기 예정 시추 프로그램을 위한 목표 평가 및 정의에 중점을 둘 예정입니다.
이 프로젝트는 Newmont Corporation의 과거 시추 작업을 기반으로 하며, 3,536개의 암석 샘플, 2,988개의 채널 샘플, 7,800미터 이상의 시추가 포함되어 있습니다. 주목할 만한 과거 결과로는 JM1 시추공에서 72.3m 구간에서 1.19 g/t 금이 확인된 바 있습니다. Randypata 구역에는 이전에 시추되지 않은 2km 길이의 은 이상 지대가 있습니다.
작업 프로그램은 수석 지질학자 Edgar Leon이 주도하고 Jeffrey Reeder, P.Geo.가 감독하며, 회사는 2025년 3분기 및 4분기에 열리는 여러 광산 투자 컨퍼런스에서 업데이트를 발표할 계획입니다.
Magma Silver Corp. (OTCQB : MAGMF) a annoncé le lancement d'un programme de travail estival sur son projet argent-or Niñobamba au Pérou. Le programme se concentrera sur l’évaluation et la définition des cibles pour un programme de forage prévu au quatrième trimestre sur les gisements Jorimina et Randypata.
Le projet s’appuie sur des forages historiques réalisés par Newmont Corporation, comprenant 3 536 échantillons de roche, 2 988 échantillons de canal et plus de 7 800 mètres de forage. Parmi les résultats historiques notables, on compte une interception de 72,3 m à 1,19 g/t d’or dans le trou JM1. La zone Randypata présente une anomalie d’argent de 2 km de long jamais forée auparavant.
Le programme de travail sera dirigé par le géologue principal Edgar Leon et supervisé par Jeffrey Reeder, P.Geo., la société prévoyant de présenter des mises à jour lors de plusieurs conférences sur l’investissement minier au troisième et quatrième trimestre 2025.
Magma Silver Corp. (OTCQB: MAGMF) hat den Start eines Sommerarbeitsprogramms bei seinem Niñobamba Silber-Gold-Projekt in Peru bekannt gegeben. Das Programm konzentriert sich auf die Bewertung und Definition von Zielen für ein geplantes Bohrprogramm im vierten Quartal bei den Lagerstätten Jorimina und Randypata.
Das Projekt baut auf historischen Bohrungen von Newmont Corporation auf, die 3.536 Gesteinsproben, 2.988 Kanalproben und über 7.800 Meter Bohrungen umfassten. Bemerkenswerte historische Ergebnisse sind ein Abschnitt von 72,3 m mit 1,19 g/t Gold im Bohrloch JM1. Die Randypata-Zone weist eine zuvor unbeforschte 2 km lange Silberanomalie auf.
Das Arbeitsprogramm wird vom leitenden Geologen Edgar Leon geleitet und von Jeffrey Reeder, P.Geo., beaufsichtigt. Das Unternehmen plant, im dritten und vierten Quartal 2025 bei mehreren Bergbau-Investorenkonferenzen Updates zu präsentieren.
- Access agreement secured with Tunsulla community for exploration activities
- Extensive historical data available from Newmont's previous work
- Significant undrilled 2 km silver anomaly identified at Randypata zone
- Notable historical drill results including 72.3m at 1.19 g/t gold
- Historical drilling was widely spaced and primarily focused on gold, potentially missing significant silver mineralization
- Additional drilling required to better understand mineralization orientation
Vancouver, British Columbia--(Newsfile Corp. - July 30, 2025) - Magma Silver Corp. (TSXV: MGMA) (OTCQB: MAGMF) (FSE: BC21) (WKN: A411DV) (the "Company" or "Magma") is pleased to announce the commencement of a summer work program designed to evaluate and define targets for the planned Q4 drill program that will follow-up on previous work to identify new drill site locations at the advanced Niñobamba silver-gold project in Peru.
Stephen Barley, Chairman & CEO, stated, "We are excited to start a work program at the advanced Niñobamba silver-gold project focused on the Jorimina and Randypata deposits. As announced in our news release dated July 23, 2025, the Tunsulla community access agreement is in place for these two project areas, allowing the Company full access to conduct exploration activities. The work being carried out will assist in refining drill targets for our planned Q4 drill program as well as expand our overall knowledge of the deposits."
Q3 Work Program
The historical drilling by Newmont Corporation ("Newmont") on the Jorimina and Randypata deposits consisted of 3,536 rock samples, 2,988 channel samples, ground magnetics, and 4,377 meters (Jorimina) and 3,504 meters (Randypata) of drilling and assays. Results included: Hole JM1: 53.1 to 125.4 (72.3m) 1.19 g/t of gold and hole JM1: 184.75 to 209.35 (24.6 m) 1.07 g/t of gold. Results and discussion are provided in Newmont's internal report dated January 2010, "Informe Técnico y Geológic Proyecto Niñobamba Mayo - Diciembre 2009". (See news release dated July 23, 2025.)
The work conducted by Newmont mainly focused on gold. The historical drilling program conducted was widely spaced diamond drill holes. Management believes that Newmont's work should be followed up on as they may have missed significant mineralized silver and gold zones. Tighter drill space around JM-01 is required to better understand the nature and orientation of the mineralized zone. The work program will focus on refining drill targets and examine overlooked zones which contain surface silver-gold anomalies. As an example, the prospective Randypata silver zone exhibits a 2 km long silver anomaly that has never been drilled. 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.
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/3145/260534_82b4067c548d9869_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/3145/260534_82b4067c548d9869_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.
Upcoming Marketing Events
Management will be attending the Precious Metals Summit in Beaver Creek on September 9-12, 2025 and the Swiss Mining Institute Conference in Zurich on November 20-21, 2025. Magma Silver will also be participating in 121 Mining Investment Conferences in London on November 17-18, 2025, and Dubai on November 26-27, 2025. Investors can expect an update on the Q4 drill program at Ninobamba, Peru.
We invite the investment community to review our updated corporate presentation and fact sheet, linked here.
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, CEO & Executive Chairman
Phone: +1 (778) 960-9733
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 that 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/260534
FAQ
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