In this episode, Steve Barley introduces Magma Silver (TSX.V:MGMA – OTCQB:MAGMF – FSE:BC21) and its flagship Niñobamba Silver-Gold Project in Peru. Steve discusses the project’s extensive history, recent exploration, and next steps toward resource definition.
Key Discussion Points:
- Project Background:
First time the entire Niñobamba land package has been consolidated under one company; over 65 historic drill holes and US$10M in prior exploration by major miners. - Strong Discovery Potential:
Magma’s work has exceeded past results, including 10m @ 2 g/t gold and 5m @ 4 oz/t silver, confirming high-grade continuity. - Drill Program Funded & Permitted:
Drill permits secured at the Jorimina zone; a $5M financing (led by Research Capital) – including investment from Eric Sprott – supports a Q1 2026 drill campaign. - Community & Surface Work:
Negotiating community access agreements for the Niñobamba Main area to allow trenching, sampling, and future drilling. - Experienced Team:
Leadership includes Steve Barley (CEO), Jeff Reeder (Technical Advisor) with 30+ years in Peru, and a seasoned local geological team. - Tight Share Structure:
~37M shares outstanding.
Please email us with any follow up questions for Steve – Fleck@kereport.com and shad@kereport.com
Click here to visit the Magma Silver website to learn more about the company
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Investment disclaimer:
This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.