We discuss the results of a field experiment in the Malaya Botuobiya area (West Yakutia) at a site where earlier surveys revealed slowly decaying transient responses. That time-dependent voltage decay indicated magnetic viscosity effects associated with magnetic relaxation of superparamagnetic grains in rocks. In this study, we have applied a high-resolution array TEM survey to contour the anomaly and parametric soundings with systems of different configurations to explore the vertical pattern of magnetic viscosity. The parametric data have been inverted, by means of manual and automated fitting, with a reference model of a layered magnetically viscous earth, using, respectively, analytical formulas and simulation based on a forward solution by separation of variables. According to both automated and manual inversion, the section at the center of the anomalous site fits a three-layer earth model with an intermediate magnetically viscous layer between two nonmagnetic layers. This model is consistent with a priori evidence of local geology and may provide more details of the latter. The inversion results have been further used to estimate the volumetric percentage of superparamagnetic grains in the magnetically viscous layer, assuming magnetite to be the main ferrimagnetic phase.