# Magma Silver Niñobamba Phase 2 Work Program Results

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/magma-silver-nin-obamba-phase-2-work-program-results--e4040c71-7b76-42ed-8e6e-5cc0ba5eb33b

Original source: https://finance.yahoo.com/news/magma-silver-ni-obamba-phase-150000776.html

Publisher: yahoo\_press

Original announcement: 2025-10-30T15:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Magma Silver Corp.

- Ticker: MGMA

- Exchange: TSXV

- Region: Peru

- Primary commodity: Gold

- Secondary commodities: Silver

- Document categories: Drill results, Other

- Extracted: 2026-09-19 09:13:09 UTC

Narrative sentiment: 0.40 · Bullish

## Minestarters Atlas summary

Magma Silver Corp. reported positive drift sampling results from the Joramina zone at its Niñobamba project in Peru. Highlights include 10 metres of 2.32 g/t gold and a 5-metre composite assaying 4.085 oz/t silver.

Reasoning: The announcement reports positive drift sampling results for gold and silver at the Niñobamba project, though the sampling method \(drift sampling\) is less definitive than drilling.

- Positive factor: Positive drift sampling results at Joramina zone

- Positive factor: Gold grades of 2.32 g/t Au over 10m

Facts used in scoring: 2

## Classification and evidence

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: Results are from the Joramina zone within the Niñobamba project.

Evidence · text

> Joramina and Randypata properties on the advanced Niñobamba silver gold project in Peru

## Extracted facts

Stored fact records: 2. Some facts used in scoring do not have a stored record.

## Drill Results (2)

### Fact 1

[Link to this fact](https://atlas-extractions.minestarters.com/news/magma-silver-nin-obamba-phase-2-work-program-results--e4040c71-7b76-42ed-8e6e-5cc0ba5eb33b#fact-drill-facts-0)

Niñobamba · gold

#### Identity

- Project: Niñobamba
- Commodity: gold
- Region: peru
- Reported Region: peru
- Ticker: MGMA

#### Geometry

- Grade: 2.32
- Grade Unit: g/t
- Intercept: 10 m

#### Classification

- Sample Type: surface

#### Location

- Location: Joramina zone
- Loc. Source: document

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: 2.32 g/t Au over 10m is a decent intercept for drift sampling.

- Positive factor: Solid gold grade from drift sampling

- Negative factor: Surface sampling \(drift\) is lower confidence than drilling

Evidence · text

> Drift sampling on the Joramina zone returned 10 metres of 2.32 grams Au/tonne

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### Fact 2

[Link to this fact](https://atlas-extractions.minestarters.com/news/magma-silver-nin-obamba-phase-2-work-program-results--e4040c71-7b76-42ed-8e6e-5cc0ba5eb33b#fact-drill-facts-1)

Niñobamba · silver

#### Identity

- Project: Niñobamba
- Commodity: silver
- Region: peru
- Reported Region: peru
- Ticker: MGMA

#### Geometry

- Grade: 4.085
- Grade Unit: g/t
- Intercept: 5 m

#### Classification

- Sample Type: surface

#### Location

- Location: Joramina zone
- Loc. Source: document

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-10-30T00:00:00.000Z

Reasoning: Silver grade reported as an ounce/tonne composite from drift sampling.

- Positive factor: Silver grades reported from composite

- Negative factor: Surface sampling \(drift\) is lower confidence than drilling

Evidence · text

> 5-metre composite returning 4.085 ounces Ag/tonne

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.