Magma Silver Commences Q3 Work Program and Announces Near-Term Catalysts

Core Viewpoint - Magma Silver Corp. has initiated a work program to evaluate and define targets for a planned drilling program at the Niñobamba silver-gold project in Peru, with drilling expected to commence in Q4 2025 [1][6][7]. Group 1: Work Program Details - The exploration team is currently on-site at the Niñobamba project, focusing on the Jorimina and Randypata areas to refine drill targets and enhance technical knowledge of mineralized zones [2][6]. - The pre-drilling work program is set to be completed by the end of Q3 2025, with rock sample results anticipated in the same timeframe [7]. - Drilling at the Jorimina zone is expected to start in Q4 2025, with results projected before the end of the year [7]. Group 2: Company Overview - Magma Silver Corp. is focused on acquiring, exploring, developing, and operating precious metal mining projects, particularly the Niñobamba silver-gold project, which spans an 8 km mineralized corridor in a high-sulphidation epithermal system [10]. - The company has invested over C$14.5 million to date in the Niñobamba project, which has shown significant resource potential through extensive exploration by major mining companies [10]. - Magma Silver is also reviewing potential acquisitions to broaden its portfolio of silver and gold assets [6][7].