# Magma Silver Ni&\#xF1;obamba Phase 1 Work Program Returns Significant Results Including 14.56g/mt Au and 10.59 oz/mt Ag Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/magma-silver-ni-xf1-obamba-phase-1-work-program-returns-significant-results-incl--fc5f6350-6d62-4e99-91fa-bac70a76f693 Original source: https://money.tmx.com/en/quote/MGMA/news/8231756740380920/magma-silver-ni-xf1-obamba-phase-1-work-program-returns-significant-results-incl Publisher: tmx Original announcement: 2025-09-18T11:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Magma Silver Corp. - Ticker: MGMA - Exchange: TSX - Region: Peru - Primary commodity: Silver - Secondary commodities: Gold - Document categories: Drill results, Other - Extracted: 2026-08-23 22:43:10 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Magma Silver reported Phase 1 results from its Niñobamba project in Peru, where geochemical sampling confirmed high-grade gold and silver anomalies. The results, including a 14.56 g/t Au and 10.59 oz/mt Ag sample, align with or exceed historical Newmont data. Reasoning: Phase 1 geochemical sampling confirmed high-grade silver and gold anomalies, including a 10.59 oz/mt Ag sample, supporting the project's potential for upcoming drilling. - Positive factor: High-grade surface samples - Positive factor: Confirmation of historical Newmont results - Positive factor: QA/QC protocols mentioned - Negative factor: Results are primarily surface/geochemical sampling rather than drilling - Negative factor: Historical Newmont data is non-compliant Facts used in scoring: 4 ## Classification and evidence **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: Release mentions every tenth sample will be re-assayed at another independent lab for quality control. Evidence · text > every tenth sample will be re-assayed at another independent assay lab in Lima, Peru for quality control **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: The current work program is designed to confirm historical Newmont results. Evidence · text > Phase 1 assays have confirmed or exceeded the historical Newmont Mining Corp. \(" Newmont "\) results. ## Extracted facts Stored fact records: 4. Some facts used in scoring do not have a stored record. ## Drill Results (4) ### Fact 1 [Link to this fact](https://atlas-staging.minestarters.com/news/magma-silver-ni-xf1-obamba-phase-1-work-program-returns-significant-results-incl--fc5f6350-6d62-4e99-91fa-bac70a76f693#fact-drill-facts-0) Niñobamba · gold #### Identity - Project: Niñobamba - Commodity: gold - Region: peru - Reported Region: Peru - Ticker: MGMA #### Geometry - Grade: 14.56 - Grade Unit: g/mt #### Classification - Sample Type: surface #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2025-09-18T00:00:00.000Z Reasoning: High-grade gold sample reported in surface sampling. - Positive factor: High grade Evidence · text > Results ranged from 0.50 g/mt to 14.56 g/mt Au ### Fact 2 [Link to this fact](https://atlas-staging.minestarters.com/news/magma-silver-ni-xf1-obamba-phase-1-work-program-returns-significant-results-incl--fc5f6350-6d62-4e99-91fa-bac70a76f693#fact-drill-facts-1) Niñobamba · silver #### Identity - Project: Niñobamba - Commodity: silver - Region: peru - Reported Region: Peru - Ticker: MGMA #### Geometry - Grade: 10.594 - Grade Unit: oz/mt #### Classification - Sample Type: surface #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2025-09-18T00:00:00.000Z Reasoning: High-grade silver sample reported in surface sampling. - Positive factor: High grade Evidence · text > 0.604 oz/mt Ag to 10.594 oz/mt Ag ### JM1 [Link to this fact](https://atlas-staging.minestarters.com/news/magma-silver-ni-xf1-obamba-phase-1-work-program-returns-significant-results-incl--fc5f6350-6d62-4e99-91fa-bac70a76f693#fact-drill-facts-2) Jorimina · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: JM1 - Project: Jorimina - Commodity: gold - Region: peru - Reported Region: Peru - Ticker: MGMA #### Geometry - Grade: 1.19 - Grade Unit: g/t - Intercept: 72.3 m - From: 53.1 m - To: 125.4 m #### Classification - Sample Type: drill #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2010-01-01T00:00:00.000Z #### Dates - Event date: 2025-09-18T00:00:00.000Z Reasoning: Restatement of historical Newmont drilling results. - Negative factor: Historical data Evidence · text > Hole JM1: from 53.1 to 125.4 \(72.3m\) 1.19 g/t gold ### JM1 [Link to this fact](https://atlas-staging.minestarters.com/news/magma-silver-ni-xf1-obamba-phase-1-work-program-returns-significant-results-incl--fc5f6350-6d62-4e99-91fa-bac70a76f693#fact-drill-facts-3) Jorimina · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: JM1 - Project: Jorimina - Commodity: gold - Region: peru - Reported Region: Peru - Ticker: MGMA #### Geometry - Grade: 1.07 - Grade Unit: g/t - Intercept: 24.6 m - From: 184.75 m - To: 209.35 m #### Classification - Sample Type: drill #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2010-01-01T00:00:00.000Z #### Dates - Event date: 2025-09-18T00:00:00.000Z Reasoning: Restatement of historical Newmont drilling results. - Negative factor: Historical data Evidence · text > from 184.75 to 209.35 \(24.6 m\) 1.07 g/t of gold ## 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.