# Magma Silver Niñobamba 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-nin-obamba-phase-1-work-program-returns-significant-results-includi--96e191c5-f384-4c90-98d8-b541752be3d2

Original source: https://finance.yahoo.com/news/magma-silver-ni-obamba-phase-113000946.html

Publisher: yahoo\_press

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

- Extracted: 2026-08-21 06:53:11 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

Magma Silver Corp. has reported significant Phase 1 assay results from its Niñobamba project in Peru. The results include high-grade gold \(14.56 g/t\) and silver \(10.59 oz/t\) intercepts that confirm or exceed historical results from Newmont Mining Corp.

Reasoning: The headline reports significant gold and silver grades that confirm or exceed historical Newmont results at the Niñobamba project.

- Positive factor: High grade gold and silver intercepts

- Positive factor: Results confirm or exceed historical results

Facts used in scoring: 2

## Classification and evidence

**Bonanza Intercept**

Polarity: positive

Definition: Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: 14.56 g/t Au is an exceptionally high-grade intercept.

Evidence · text

> 14.56g/mt Au

## 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-staging.minestarters.com/news/magma-silver-nin-obamba-phase-1-work-program-returns-significant-results-includi--96e191c5-f384-4c90-98d8-b541752be3d2#fact-drill-facts-0)

gold

Needs review: ungrounded

#### Identity

- Commodity: gold
- Ticker: MGMA

#### Geometry

- Grade: 14.56
- Grade Unit: g/mt

#### Review

- Needs Review: Yes
- Review Reason: ungrounded
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-09-18T00:00:00.000Z

Reasoning: 14.56 g/t Au is an exceptionally high grade for most deposit types.

- Positive factor: Exceptional gold grade

Evidence · text

> 14.56g/mt Au

### Fact 2

[Link to this fact](https://atlas-staging.minestarters.com/news/magma-silver-nin-obamba-phase-1-work-program-returns-significant-results-includi--96e191c5-f384-4c90-98d8-b541752be3d2#fact-drill-facts-1)

silver

#### Identity

- Commodity: silver
- Ticker: MGMA

#### Geometry

- Grade: 10.59
- Grade Unit: oz/mt

#### Review

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

#### Dates

- Event date: 2025-09-18T00:00:00.000Z

Reasoning: 10.59 oz/mt Ag represents a significant silver intercept.

- Positive factor: Significant silver grade

Evidence · text

> 10.59 oz/mt Ag

## 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.