(23-07-2025) Magma Silver Corp. (TSX-V: MAGMA; OTCQB: MAGMF; FSE: BC21), Vancouver, a precious metals exploration company focused on the development of the Niñobamba and Jeromina high-sulfidation silver and gold projects in Ayacucho, announced it has completed all required payments under the community access agreement for the Jorimina and Randypata projects.
This secures continued access rights for exploration in these two mineralized zones. Newmont Mining Corp. previously carried out exploration valued at CAN$10 million in these areas, identifying multiple extensive surface gold and silver anomalies across an 8 km mineralized corridor within a prolific geological belt.
In addition to Newmont, other companies have explored the project and reportedly confirmed significant resource potential, according to Magma.
With an investment of over CAN$14.5 million, Magma Silver is advancing Niñobamba through modern geological modeling and a strategic development plan to maximize its value.