Magma Silver Corp. Announces Major Exploration Plans for Niñobamba Silver-Gold Project in Peru, Drilling Set for Late 2025

Reuters2025-06-18

Magma Silver Corp. Announces Major Exploration Plans for Niñobamba Silver-Gold Project in Peru, Drilling Set for Late 2025

Magma Silver Corp. has announced a significant update on its Niñobamba silver-gold project in Southeast Peru. The company has secured full control over the Niñobamba, Jormina, and Randypata zones and has made all necessary property payments, ensuring claims are in good standing until June 2026. Magma plans to initiate a diamond drilling campaign at the Jormina zone in Q4 2025, supported by an existing surface access agreement and a pending drilling permit anticipated in Q3 2025. This follows extensive exploration investments exceeding US$10 million by Newmont Mining Corp. and others, highlighting the area's potential for a mid-sized mining operation. Upcoming exploration activities in Q3 2025 will include geophysical surveys, mapping, and channel sampling to define new high-grade drill targets at Niñobamba.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Magma Silver Corp. published the original content used to generate this news brief on June 18, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Announces Major Exploration Plans for Niñobamba Silver-Gold Project in Peru, Drilling Set for Late 2025\n    \n\n        Magma Silver Corp. has announced a significant update on its Niñobamba silver-gold project in Southeast Peru. The company has secured full control over the Niñobamba, Jormina, and Randypata zones and has made all necessary property payments, ensuring claims are in good standing until June 2026. Magma plans to initiate a diamond drilling campaign at the Jormina zone in Q4 2025, supported by an existing surface access agreement and a pending drilling permit anticipated in Q3 2025. This follows extensive exploration investments exceeding US$10 million by Newmont Mining Corp. and others, highlighting the area's potential for a mid-sized mining operation. 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