# Magma Silver Niñobamba Phase 2 Work Program Results

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/magma-silver-nin-obamba-phase-2-work-program-results--a6db6d16-005e-4267-bd8e-64b875e56282

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: Silver

- Secondary commodities: Gold

- Document categories: Drill results

- Extracted: 2026-08-21 04:52:41 UTC

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas summary

Magma Silver reported drift sampling results from the Joramina zone at the Niñobamba project in Peru. The results include a 5-metre silver composite of 4.085 oz/t Ag and a 10-metre gold intercept of 2.32 g/t Au.

Reasoning: Drift sampling returned high-grade silver \(4.085 oz/t\) and moderate gold \(2.32 g/t\) intercepts, though sample type is lower confidence than drilling.

- Positive factor: high-grade silver sampling

- Negative factor: sampling is surface/drift based rather than drill core

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: 4.085 oz/t Ag is exceptionally high grade for silver.

Evidence · text

> 4.085 ounces Ag/tonne

## 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-2-work-program-results--a6db6d16-005e-4267-bd8e-64b875e56282#fact-drill-facts-0)

Niñobamba · gold

#### Identity

- Project: Niñobamba
- Commodity: gold
- Ticker: MGMA

#### Geometry

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

#### Classification

- Sample Type: channel

#### Review

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

#### Dates

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

Reasoning: 10m at 2.32 g/t Au is a moderate gold intercept from drift sampling.

- Negative factor: channel sampling

Evidence · text

> 10 metres of 2.32 grams Au/tonne

### Fact 2

[Link to this fact](https://atlas-staging.minestarters.com/news/magma-silver-nin-obamba-phase-2-work-program-results--a6db6d16-005e-4267-bd8e-64b875e56282#fact-drill-facts-1)

Niñobamba · silver

#### Identity

- Project: Niñobamba
- Commodity: silver
- Ticker: MGMA

#### Geometry

- Grade: 4.085
- Grade Unit: ounces Ag/tonne
- Intercept: 5 m

#### Classification

- Sample Type: channel

#### Review

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

#### Dates

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

Reasoning: 4.085 oz/t Ag is an exceptionally high-grade silver intercept for drift sampling.

- Positive factor: exceptional silver grade

- Negative factor: channel sampling

Evidence · text

> 5-metre composite returning 4.085 ounces Ag/tonne

## 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.