# Magma Silver Secures Drill Permit for Jorimina Zone at Niñobamba Project

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/magma-silver-secures-drill-permit-for-jorimina-zone-at-nin-obamba-project--8158bb69-210d-481c-85d0-2564e3de2740

Original source: https://www.theassay.com/news/magma-silver-secures-drill-permit-for-jorimina-zone-at-ninobamba-project/

Publisher: assay

Original announcement: 2025-11-07T02:00:43.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-09-30T16:52:36.898Z

Atlas analysis updated: 2026-09-30T16:52:36.898Z

- Company: Magma Silver Corp.

- Ticker: MGMA

- Exchange: TSXV

- Region: Peru

- Primary commodity: Silver

- Secondary commodities: Gold

- Document categories: Drill results, Permitting

- Extracted: 2026-09-30 16:52:37 UTC

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas summary

Magma Silver has received a drill permit from Peru's Ministry of Energy and Mines for the Jorimina zone at the Niñobamba project. Recent surface sampling in a newly discovered drift returned high-grade gold and silver, and the company has secured $5 million in financing to expand its upcoming drill program.

Reasoning: Securing a drill permit is a key de-risking milestone, and the high-grade surface sampling supports the exploration potential of the Jorimina zone.

- Positive factor: Drill permit secured for Jorimina zone

- Positive factor: High-grade surface sampling results

- Positive factor: Recent $5M capital raise provides funding for expansion

- Negative factor: Sampling results are from a drift, not drill intercepts

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: The release mentions an independent NI 43-101 geologist is finalizing the drill plan and Jeffrey Reeder, P.Geo is the QP.

Evidence · text

> Jeffrey Reeder, P.Geo, Senior Technical Advisor, is the Qualified Person

**Bonanza Intercept**

Polarity: positive

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

Why it applies: The 0.70m gold intercept of 17.41 g/t is exceptionally high grade.

Evidence · text

> 0.70 metres of 17.41 g/t gold

## 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-secures-drill-permit-for-jorimina-zone-at-nin-obamba-project--8158bb69-210d-481c-85d0-2564e3de2740#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: Jorimina zone
- Loc. Source: document

#### Review

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

#### Dates

- Event date: 2025-11-07T00:00:00.000Z

Reasoning: 2.32 g/t gold over 10m is a strong surface sample.

- Positive factor: High-grade gold intercept

Evidence · text

> 10 metres of 2.32 g/t gold

#### 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-staging.minestarters.com/news/magma-silver-secures-drill-permit-for-jorimina-zone-at-nin-obamba-project--8158bb69-210d-481c-85d0-2564e3de2740#fact-drill-facts-1)

Niñobamba · silver

#### Identity

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

#### Geometry

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

#### Classification

- Sample Type: surface

#### Location

- Location: Jorimina zone
- Loc. Source: document

#### Review

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

#### Dates

- Event date: 2025-11-07T00:00:00.000Z

Reasoning: 4.085 oz/t silver is a significant high-grade surface sample.

- Positive factor: High-grade silver intercept

Evidence · text

> 5-metre composite of 4.085 oz/t silver

#### 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 3

[Link to this fact](https://atlas-staging.minestarters.com/news/magma-silver-secures-drill-permit-for-jorimina-zone-at-nin-obamba-project--8158bb69-210d-481c-85d0-2564e3de2740#fact-drill-facts-2)

Niñobamba · gold

#### Identity

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

#### Geometry

- Grade: 17.41
- Grade Unit: g/t
- Intercept: 0.7 m

#### Classification

- Sample Type: surface

#### Location

- Location: Jorimina zone
- Loc. Source: document

#### Review

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

#### Dates

- Event date: 2025-11-07T00:00:00.000Z

Reasoning: 17.41 g/t gold is an exceptionally high-grade intercept.

- Positive factor: Bonanza grade gold

Evidence · text

> 0.70 metres of 17.41 g/t gold

#### 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 4

[Link to this fact](https://atlas-staging.minestarters.com/news/magma-silver-secures-drill-permit-for-jorimina-zone-at-nin-obamba-project--8158bb69-210d-481c-85d0-2564e3de2740#fact-drill-facts-3)

Niñobamba · silver

#### Identity

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

#### Geometry

- Grade: 13.94
- Grade Unit: oz/t
- Intercept: 0.7 m

#### Classification

- Sample Type: surface

#### Location

- Location: Jorimina zone
- Loc. Source: document

#### Review

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

#### Dates

- Event date: 2025-11-07T00:00:00.000Z

Reasoning: 13.94 oz/t silver is a high-grade surface sample.

- Positive factor: High-grade silver

Evidence · text

> 13.94 oz/t silver

#### 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.