(06-08-2025) Magma Silver Corp. (TSX-V: MGMA; OTCQB: MAGMF; FSE: BC21; WKN: A411DV), Vancouver, a precious metals exploration company focused on its flagship Niñobamba gold-silver project in Ayacucho, announced the start of a work program to evaluate and define targets for the planned Q4 2025 drilling program. This will follow up on previous work to identify new drill targets on the project.
As previously announced, the company reached an access agreement with the Tunsulla community.
Historical drilling by Newmont Corporation in the Jorimina and Randypata deposits focused mainly on gold and included 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 (72.3 m) @ 1.19 g/t Au and Hole JM1: 184.75 to 209.35 (24.6 m) @ 1.07 g/t Au.
The work program will focus on refining drill targets and examining overlooked areas containing surface silver and gold anomalies. For example, the Randypata prospective silver zone features a 2 km-long silver anomaly that has never been drilled.