February 11, 2026

Magma Silver - Niñobamba Drilling Program: 4,000 Meters at the Jorimina Zone

9 minutes

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 - [email protected].

Click here to visit the Magma Silver website to learn more about the company - https://magmasilver.com/

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