Magma Silver PERU Silver GOLD Project Update
MAGMA SILVER PERU SILVER GOLD PROJECT UPDATE
Vancouver, British Columbia - (June 18, 2025) – Magma Silver Corp. (TSXV: MGMA; OTCQB:
MAGMF; FSE: BC21; WKN: A411DV) (“Magma” or the “Company”) is excited to share a significant
update on its flagship Niñobamba silver -gold project (the “Project”) located in the mineral- rich
Ayacucho Department of Southeast Peru.
Highlights:
•Property Payments Made: All payments to the Peruvian agencies have been made and all
claims are in good standing until June 2026.
•Full Project Control Secured : Magma controls all three contiguous zones—Niñobamba,
Jormina, and Randypata—within the Project.
•Drilling Planned for Q4 2025: A diamond drilling campaign is planned at Jormina, supported
by an existing surface access agreement and a drilling permit application.
•Strong Historical Results : Previous exploration by Newmont and AngloGold revealed
promising intercepts, including 72.3 m @ 1.19 g/t gold and 130 m @ 87 g/t silver.
•Extensive Exploration Investment: Over US$10 million has already been invested by
Newmont, AngloGold, and Bear Creek, including a pre -feasibility study by Newmont
suggesting potential for a mid-sized mining operation.
•Upcoming Exploration in Q3 2025: Planned activities include geophysical surveys, mapping,
and channel sampling to define new high-grade drill targets at Niñobamba.
Magma holds a 100% option on the 4,100-hectare Niñobamba Project, which encompasses three
high-potential mineralized zones: Niñobamba, Jormina, and Randypata. All three zones are under
Magma’s control, opening new avenues for exploration and development. A community surface
access agreement is already in place for the Jormina and Ranypata zones, paving the way for an
upcoming diamond drilling campaign at Jormina. The drilling permit has been applied for and is
anticipated in Q3 2025.
The Jormina and Ranypata zones lie approximately 6.5 kilometers west of Niñobamba zone.
Magma has secured an extensive exploration database from Newmont Mining
Corp. (“Newmont”), including diamond drill logs, assay results, geophysical data, and
metallurgical studies. Over US$10 million has been invested in exploration since 2002 by
Newmont, AngloGold, Rio Silver and Bear Creek. Notably, Newmont alone contributed US$7
million to drilling and completed an internal pre-feasibility study highlighting the area’s potential
to support a mid-sized mining operation. The study also pointed to the possibility of a much larger
discovery, with geological indicators suggesting proximity to a porphyry source (Newmont
Internal Memo, 2012). Comparisons have also been drawn to Barrick’s prolific Pierina gold mine,
further underlining the Project’s vast potential. (There is no guarantee Magma will achieve similar
results.)
Historical exploration by Newmont (2009–2010) at Jormina included over 65 diamond drill holes
totaling 4,377 metres. Highlight results include hole JOR -001, which intersected 72.3 metres
grading 1.19 g/t gold from 53 metres depth. Additional drilling is needed to determine the full
extent and geometry of the mineralization. Earl ier, in 2002, AngloGold drilled the Niñobamba
zone and reported standout intercepts including 87 g/t silver over 130 metres in DDH -2 and 54
g/t silver over 96 metres in DDH -4, starting near surface. The true widths of these intercepts
remain to be confirmed.
A 2012 trenching program by Rio Silver at Niñobamba North uncovered new high -grade zones,
with trench TR -01 returning 56 metres of 1.03 g/t gold and 98.9 g/t silver, and trench TR -04
yielding 21.77 metres of 1.32 g/t gold and 102.46 g/t silver. These findings demonstrate a strong
gold component associated with high -sulfidation mineralization, warranting further study to
better understand the zonation, alteration patterns, and widths.
Looking ahead, Magma plans to initiate additional exploration activities in Q3 and Q4 2025. This
includes Alpha IP geophysical surveys, detailed geological mapping, and channel sampling—with
a focus on investigating the newly discovered high-grade gold zones at Niñobamba. These efforts
aim to define compelling drill targets for upcoming campaigns. (Historical technical information
from National Instrument 43 -101 Standards of Disclosure for Mineral Projects technical report
authored by James A. McRae P. Geo and dated January 21, 2025).
Qualified Person
Jeffrey Reeder, PGeo, a qualified person as defined in National Instrument 43-101, has prepared,
supervised the preparation or approved the scientific and technical disclosure contained in this
news release.
About Magma Silver Corp.
Magma Silver Corp. is a natural resource company with a focus on the acquisition, exploration,
development, and operation of precious metal mining exploration projects. The Company’s
primary focus is on exploring and developing the advanced Niñobamba silver-gold project in the
mining-friendly country of Peru.
For further information, please contact Magma Silver Corp.:
Jason Baker, Chief Financial Officer
Phone: +1-604-252-2672
Email: [email protected]
Website: www.magmasilver.com
Reader Advisory
This news release may contain forward -looking information within the meaning of applicable securities laws. All
information and statements other than statements of current or historical facts contained in this news release are
forward-looking information. Forward-looking statements are subject to various risks and uncertainties concerning
the specific factors disclosed here and elsewhere in Magma ’s periodic filings with Canadian securities regulators.
When used in this news release, words such as "will", "could", "plan", "estimate", "expect", "intend", "may",
"potential", "should," and similar expressions are forward - looking statements. The information provided in this
document is necessarily summarized and may not contain all available material information. Forward -looking
statements include statements respecting: (i) the Company’s exploration program for Q3 and Q4 of 2025, including
the scope and timing thereof; (ii) the implication of having a community surface access agreement in place for
upcoming drilling at Jormina; (iii) the expected timing of the issuance of required drill permits, (iv) the implications
for Newmont’s pre-feasibility study; (v) the potential of the Project; and (vi) the future confirmation of historical
drill results. Although the Company believes the expectations reflected in such forward -looking statements are
based on reasonable assumptions, it can’t make any assurances that its expectations will be achieved. Such
assumptions may prove incorrect. Although the Company has attempted to identify important factors that could
cause actual results, perform ance, or achievements to differ materially from those contained in the forward -
looking statements, there can be other factors that cause results, performance, or achievements not to be as
anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate or
that management's expectations or estimates of future developments, circumstances, or results will materialize.
As a result of these risks and uncertainties, no assurance can be given that any events anticipat ed by the forward-
looking information in this news release will transpire or occur, or, if any of them do so, what benefits that the
Company will derive therefrom. Accordingly, readers should not place undue reliance on forward -looking
statements. The forward-looking statements in this news release are made as of the date of this news release, and
the Company disclaims any intention or obligation to update or revise such information, except as required by
applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.