A Favorite to .22 Hornet,,,No.
The cast action, slip in bbl w/ set screw and no breech block support (well a little sometimes on the '94) just isn't up to the task.
Lots of them have been converted 32cf pistol round.
Relining any of the 22rf, 25rf or 32rf and converting the block to cf will give you what you want.
Even then don't try to make a Magnum anything of it. Keep the above features in mind.
Original 32rf barrels can be rechambered if the bore to a more common round. Check the bore & chamber specs first as they can vary. 32Colt and 32S&W are then the two common choices.
Rebarreling is also an option. These are simple smooth shank slip fit into the frame bbl. Held in place with the set screw. You can make up any style, length you like and most likely from orphaned bbls from other projects.
The extractor slot is a simple one to cut w/a mill though it can be done with nothing but files. 6 0clock position most common. The early rifles have a 7 oclock position extractor.
Fun little rifles to gunsmith.
The frames don't weld very well at all due to their cast composition. Be carefull of the tangs, they can crack easily at the frame joint.
Silver solder (hard solder) or a brazed joint is better to repair if you have to. If the tiny hair line of solder bothers you, have the action plated.