In this company update, we are joined by Steve Barley, Chairman and CEO of Magma Silver (TSX.V:MGMA – OTCQB:MAGMF – FSE:BC21), to discuss the upcoming drill program at the Niñobamba silver and gold Project in Peru. Following our initial introduction to the story in November, the company is now moving into a two-phase, 4,000-meter drilling campaign aimed at confirming historical results and testing new geological theories.
Key Discussion Points:
- Phase 1 Drill Strategy: Steve outlines the initial 2,000-meter program at the Jorimina Zone, which focuses on confirming historical results from Newmont.
- Targeting District Scale: The conversation covers the distinct mineralization across the 8km x 2km system, including the silver-dominant Niñobamba Main zone and the 2-kilometer silver anomaly identified at the Randypata Zone.
- A Pure Precious Metals Play: Magma Silver remains focused on primary silver and gold.
- Strong Financial Position: With approximately $5 million in the bank and recent warrant exercises, the company is fully funded for its 2026 exploration goals.
Please email me with any follow up questions for Steve – Fleck@kereport.com.
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