Magadi area is located in the southern part of the Kenyan rift, an active continental rift that is part of the East African Rift system. Thermal manifestations in the form of hot springs in the northern and southern shores of Lake Magadi and high heat flows suggest geothermal potential in the area. A ground magnetic survey was carried out in the study area with the aim of locating depths to bodies with sufficient magnetic susceptibility that may represent magmatic intrusions. The magnetic data was corrected, a total intensity magnetic contour map produced and profiles drawn across identified anomalous regions. Magnetic survey data in profile form over anomalous regions was interpreted rapidly for source positions and depths by Euler deconvolution technique. Geologic constraint was imposed by use of a structural index 1.0 that best describes prismatic bodies such as intrusive dykes. The magnetic bodies were imaged at depths ranging from 0 km to about 11 km along the profiles. The imaged depths along the profiles display discontinuities in magnetic markers due to presence of numerous faults in the area. The detected magnetic bodies may be cooling dykes that heat the underground water responsible for the numerous hot springs surrounding Lake Magadi. Such a dyke is suspected to originate from a magma chamber conducting heat to the underground water. A model whereby the faults in the region provide escape of water as hot springs is proposed.