Aya Gold & Silver Inc. (TSX: AYA; OTCQX:
AYASF) (“Aya” or the “Corporation”) is pleased to announce
high-grade silver drill results from its at-depth drill exploration
program at the Zgounder Silver Mine in the Kingdom of Morocco.
(all intersections are in core lengths)
- In the Central Zone from
the 1,950m level:
- hole
ZG-SF-24-107 intercepted 1,459 grams per
tonne (“g/t”) silver (“Ag”) over 5.5 meters (“m”), including 3,086
g/t Ag over 2.5m
- In the Western Zone from
the 2,000m level:
- hole DZG-SF-24-018
intercepted 902 g/t Ag over 11.0m, including 1,453 g/t Ag
over 6.5m
- hole
DZG-SF-24-025 intercepted 1,548 g/t Ag
over 4.0m, including 5,794 g/t Ag over 1.0m
- In the Eastern Zone from
the 2,075m level:
- hole
T28-24-2075-122 intercepted 1,458 g/t Ag
over 9.6m, including 2,804 g/t Ag over 4.8m
- hole
T28-24-2075-123 intercepted 2,055 g/t Ag
over 4.8m, including 3,924 g/t Ag over 2.4m
- In the Central Zone from
the 1,950m level:
- hole
YAKD-24-1950-015 intercepted 465 g/t Ag
over 20.4m, including 1,393 g/t Ag over 3.6m
- Exploration holes near the
granite contact:
- ZG-SF-23-076
intercepted 594 g/t Ag over 3.0m
- ZG-SF-24-096
intercepted 780 g/t Ag over 2.0m
- ZG-SF-24-102
intercepted 524 g/t Ag over 3.0m
- ZG-SF-24-110
intercepted 375 g/t Ag over 7.5m and 1,108 g/t Ag
over 1.5m
- ZG-SF-24-115
intercepted 1,177 g/t Ag over 1.5m
- 9,900m of the 2024
underground exploration program drilled year to date
“Today’s high-grade drill results including
holes DZG-SF-24-018 and DZG-SF-24-025 continue to confirm
high-grade continuity of silver mineralization at Zgounder,” said
Benoit La Salle, President & CEO. “Furthermore, we are pleased
with the new silver rich intercepts near the granite contact,
demonstrating strong resource potential at depth at Zgounder. We
currently have four underground rigs turning and expect more
significant drill results in the coming months.”
Included in this release are results for 176
holes, which include 52 underground Diamond Drill Holes (“DDH”), 8
surface DDH, 100 T28 and 16 YAK holes (T28 and YAK: percussion
drilling using an air-compressed hammer). For a full summary of
today’s results, refer to Appendix 1.
Table 1 – Significant
Intercepts from Drilling at Zgounder (core lengths)
HOLE ID |
From |
To |
Ag (g/t) |
Length (m)* |
Ag x width |
Underground DDH |
ZG-SF-23-076 |
288.0 |
291.0 |
594 |
3.0 |
1,782 |
ZG-SF-24-096 |
264.0 |
266.0 |
780 |
2.0 |
1,560 |
ZG-SF-24-102 |
124.0 |
127.0 |
524 |
3.0 |
1,572 |
ZG-SF-24-107 |
100.0 |
105.5 |
1,459 |
5.5 |
8,022 |
Including |
100.0 |
102.5 |
3,086 |
2.5 |
7,714 |
ZG-SF-24-108 |
67.7 |
70.7 |
1,292 |
3.0 |
3,876 |
ZG-SF-24-110 |
82.0 |
89.5 |
375 |
7.5 |
2,816 |
Including |
86.5 |
87.5 |
2,112 |
1.0 |
2,112 |
ZG-SF-24-110 |
93.5 |
95.0 |
1,108 |
1.5 |
1,662 |
ZG-SF-24-115 |
164.0 |
165.5 |
1,177 |
1.5 |
1,766 |
DZG-SF-24-016 |
0.0 |
33.5 |
180 |
33.5 |
6,018 |
Including |
28.5 |
31.5 |
607 |
3.0 |
1,820 |
DZG-SF-24-017 |
63.0 |
67.0 |
442 |
4.0 |
1,769 |
DZG-SF-24-018 |
10.5 |
21.5 |
902 |
11.0 |
9,924 |
Including |
14.0 |
20.5 |
1,453 |
6.5 |
9,442 |
DZG-SF-24-021 |
1.0 |
5.0 |
953 |
4.0 |
3,810 |
Including |
2.0 |
3.5 |
2,296 |
1.5 |
3,444 |
DZG-SF-24-025 |
28.5 |
32.5 |
1,548 |
4.0 |
6,190 |
Including |
31.5 |
32.5 |
5,794 |
1.0 |
5,794 |
DZG-SF-24-029 |
28.5 |
37.5 |
184 |
9.0 |
1,656 |
DZG-SF-24-037 |
61.0 |
67.0 |
635 |
6.0 |
3,810 |
Underground T28 |
TD28-24-1950-032 |
0.0 |
4.8 |
972 |
4.8 |
4,664 |
TD28-24-1975-073 |
10.8 |
14.4 |
1,008 |
3.6 |
3,629 |
TD28-24-1975-075 |
13.2 |
15.6 |
662 |
2.4 |
1,588 |
TD28-24-2075-122 |
0.0 |
9.6 |
1,458 |
9.6 |
14,000 |
Including |
0.0 |
4.8 |
2,804 |
4.8 |
13,458 |
TD28-24-2075-123 |
0.0 |
4.8 |
2,055 |
4.8 |
9,864 |
Including |
0.0 |
2.4 |
3,924 |
2.4 |
9,418 |
Underground YAK |
YAKD-24-1950-005 |
28.8 |
33.6 |
345 |
4.8 |
1,656 |
YAKD-24-1950-013 |
25.2 |
31.2 |
365 |
6.0 |
2,192 |
YAKD-24-1950-014 |
34.8 |
45.6 |
416 |
10.8 |
4,496 |
Including |
37.2 |
39.6 |
1,212 |
2.4 |
2,909 |
YAKD-24-1950-015 |
28.8 |
49.2 |
465 |
20.4 |
9,478 |
Including |
33.6 |
37.2 |
1,393 |
3.6 |
5,014 |
YAKD-24-1950-021 |
30.0 |
34.8 |
337 |
4.8 |
1,618 |
Figure 1: Location of Drill Results at
Zgounder
Quality Assurance
For core drilling, all individual samples
represent approximately one meter in length of core, which is
halved. Half of the core is kept on site for reference, and its
counterpart is sent for preparation and assaying to African
Laboratory for Mining and Environment (“Afrilab”) in Marrakech,
Morocco. All samples are analyzed for silver, copper, iron, lead,
and zinc using Aqua regia and finished by atomic absorption
spectroscopy (“AAS”). Samples grading above 200 g/t Ag
are reanalyzed using fire assaying.
For definition drilling using T28 drilling
equipment, all individual samples represent 1.2m in length. Samples
are assayed at either the Zgounder Mine laboratory or at Afrilab.
At Afrilab, all samples are analyzed for silver, copper, iron,
lead, and zinc using Aqua regia and finished by AAS. Samples
grading above 200 g/t Ag are reanalyzed using fire
assaying. At ZMSM, all samples are analyzed for silver only using
Aqua regia and finished by AAS. Rigorous quality controls (QaQc)
are applied at both locations.
David Lalonde, B.Sc. P. Geo, Head of
Exploration, is Aya Gold & Silver’s Qualified Person and has
reviewed this press release for accuracy and compliance with
National Instrument 43-101.
Q1-2024 Results and Conference Call
The Corporation will release its Q1-2024 financial and
operational results on May 15, 2024 before market-open.
Management will host a conference call on the
same day, Wednesday, May 15, 2024, at 10 am EDT to discuss the
results.
Webcast link:
https://edge.media-server.com/mmc/p/krs2wcnf/
Instructions for obtaining conference call
dial-in numbers:
- All parties must
register on the link below to participate in the conference
call.
- Register by
clicking
https://register.vevent.com/register/BIdb50bb18cbe144dba57e964fae5acbb6
and completing the online registration form.
- Once registered,
you will receive the dial-in numbers and PIN number for input at
the time of the call.
The live webcast will be archived and will be available for
replay. Presentation slides that will accompany the conference call
will also be posted on Aya’s website.
About Aya Gold & Silver Inc.
Aya Gold & Silver Inc. is a rapidly growing,
Canada-based silver producer with operations in the Kingdom of
Morocco.
The only TSX-listed pure silver mining company,
Aya operates the high-grade Zgounder Silver Mine and is exploring
its properties along the prospective South-Atlas Fault, several of
which have hosted past-producing mines and historical resources.
Aya’s Moroccan mining assets are complemented by its Tijirit Gold
Project in Mauritania, which is being advanced to feasibility.
Aya’s management team has been focused on
maximising shareholder value by anchoring sustainability at the
heart of its operations, governance, and financial growth
plans.
For additional information, please visit Aya’s website at
www.ayagoldsilver.com.
Or contact
Benoit La Salle, FCPA,
MBAPresident &
CEOBenoit.lasalle@ayagoldsilver.com |
Alex BallVP,
Corporate Development &
IRalex.ball@ayagoldsilver.com |
Forward-Looking Statements
This press release contains certain statements
that constitute forward-looking information within the meaning of
applicable securities laws (“forward-looking statements”), which
reflects management’s expectations regarding Aya’s future growth
and business prospects (including the timing and development of new
deposits and the success of exploration activities) and other
opportunities. Wherever possible, words such as “validate”,
“confirm”, “potential”, “expect”, “continue”, “objective”,
“expand”, ,and similar expressions or statements that certain
actions, events or results “may”, “could”, “would”, “might”,
“will”, or are “likely” to be taken, occur or be achieved, have
been used to identify such forward-looking information. Specific
forward-looking statements in this press release include, but are
not limited to, statements and information with respect to the
exploration and development potential of Zgounder in particular the
nature of the deposit as it hits the granite and the continuation
of down-plunge extensions, the conversion of Inferred Mineral
Resources into Measured and Indicated Mineral Resources and future
opportunities for enhancing development at Zgounder including the
possible expansion of the mineral resource at depth. Although the
forward-looking information contained in this press release reflect
management’s current beliefs based upon information currently
available to management and based upon what management believes to
be reasonable assumptions, Aya cannot be certain that actual
results will be consistent with such forward-looking information.
Such forward-looking statements are based upon assumptions,
opinions and analysis made by management in light of its
experience, current conditions, and its expectations of future
developments that management believe to be reasonable and relevant
but that may prove to be incorrect. These assumptions include,
among other things, the ability to obtain any requisite
governmental approvals, obtaining regulatory permits for on-site
work, importing goods and machinery and employment permits, the
accuracy of Mineral Reserve and Mineral Resource Estimates
(including, but not limited to, ore tonnage and ore grade
estimates), the price of silver, the price of gold, exchange rates,
fuel and energy costs, future economic conditions, anticipated
future estimates of free cash flow, and courses of action. Aya
cautions you not to place undue reliance upon any such
forward-looking statements.
The risks and uncertainties that may affect
forward-looking statements include, among others: the inherent
risks involved in exploration and development of mineral
properties, including government approvals and permitting, changes
in economic conditions, changes in the worldwide price of silver
gold and other key inputs, changes in mine plans (including, but
not limited to, throughput and recoveries being affected by
metallurgical characteristics) and other factors, such as project
execution delays, many of which are beyond the control of Aya, as
well as other risks and uncertainties which are more fully
described in Aya’s 2023 Annual Information Form dated March 28,
2024, and in other filings of Aya with securities and regulatory
authorities which are available on SEDAR+ at www.sedarplus.ca. Aya
does not undertake any obligation to update forward-looking
statements should assumptions related to these plans, estimates,
projections, beliefs, and opinions change. Nothing in this document
should be construed as either an offer to sell or a solicitation to
buy or sell Aya securities. All references to Aya include its
subsidiaries unless the context requires otherwise.
Appendix 1 - Mineral Intercepts
from Drilling at Zgounder (core lengths)
HOLE ID |
From |
To |
Ag (g/t) |
Length (m)* |
Ag x width |
Underground DDH |
ZG-SF-23-076 |
288.0 |
291.0 |
594 |
3.0 |
1,782 |
ZG-SF-24-091 |
204.0 |
205.5 |
200 |
1.5 |
300 |
ZG-SF-24-091 |
214.5 |
216.0 |
192 |
1.5 |
288 |
ZG-SF-24-091 |
246.0 |
247.0 |
82 |
1.0 |
82 |
ZG-SF-24-091 |
251.5 |
253.0 |
152 |
1.5 |
228 |
ZG-SF-24-096 |
219.0 |
220.0 |
136 |
1.0 |
136 |
ZG-SF-24-096 |
264.0 |
266.0 |
780 |
2.0 |
1,560 |
ZG-SF-24-097 |
72.0 |
78.5 |
188 |
6.5 |
1,222 |
ZG-SF-24-098 |
36.0 |
37.5 |
76 |
1.5 |
114 |
ZG-SF-24-098 |
102.0 |
102.5 |
1,004 |
0.5 |
502 |
ZG-SF-24-100 |
109.0 |
110.5 |
576 |
1.5 |
864 |
ZG-SF-24-100 |
130.5 |
133.5 |
338 |
3.0 |
1,014 |
ZG-SF-24-101 |
57.5 |
62.0 |
186 |
4.5 |
835 |
ZG-SF-24-101 |
67.5 |
69.0 |
93 |
1.5 |
139 |
ZG-SF-24-102 |
124.0 |
127.0 |
524 |
3.0 |
1,572 |
ZG-SF-24-107 |
100.0 |
105.5 |
1,459 |
5.5 |
8,022 |
Including |
100.0 |
102.5 |
3,086 |
2.5 |
7,714 |
ZG-SF-24-107 |
109.5 |
111.0 |
484 |
1.5 |
726 |
ZG-SF-24-108 |
67.7 |
70.7 |
1,292 |
3.0 |
3,876 |
ZG-SF-24-110 |
82.0 |
89.5 |
375 |
7.5 |
2,816 |
Including |
86.5 |
87.5 |
2,112 |
1.0 |
2,112 |
ZG-SF-24-110 |
93.5 |
95.0 |
1,108 |
1.5 |
1,662 |
ZG-SF-24-115 |
164.0 |
165.5 |
1,177 |
1.5 |
1,766 |
ZG-SF-24-115 |
190.0 |
191.5 |
184 |
1.5 |
276 |
DZG-SF-24-011 |
50.0 |
52.5 |
398 |
2.5 |
994 |
DZG-SF-24-014 |
40.5 |
42.0 |
104 |
1.5 |
156 |
DZG-SF-24-014 |
46.5 |
49.5 |
98 |
3.0 |
294 |
DZG-SF-24-014 |
58.5 |
61.0 |
131 |
2.5 |
328 |
DZG-SF-24-016 |
0.0 |
33.5 |
180 |
33.5 |
6,018 |
Including |
28.5 |
31.5 |
607 |
3.0 |
1,820 |
DZG-SF-24-017 |
57.0 |
59.0 |
98 |
2.0 |
196 |
DZG-SF-24-017 |
63.0 |
67.0 |
442 |
4.0 |
1,769 |
Including |
63.0 |
64.5 |
917 |
1.5 |
1,376 |
DZG-SF-24-018 |
1.0 |
4.0 |
491 |
3.0 |
1,472 |
DZG-SF-24-018 |
10.5 |
21.5 |
902 |
11.0 |
9,924 |
Including |
14.0 |
20.5 |
1,453 |
6.5 |
9,442 |
DZG-SF-24-019 |
0.0 |
4.0 |
284 |
4.0 |
1,136 |
DZG-SF-24-019 |
14.0 |
20.0 |
127 |
6.0 |
762 |
DZG-SF-24-021 |
1.0 |
5.0 |
953 |
4.0 |
3,810 |
Including |
2.0 |
3.5 |
2,296 |
1.5 |
3,444 |
DZG-SF-24-021 |
12.0 |
13.0 |
168 |
1.0 |
168 |
DZG-SF-24-022 |
31.0 |
32.5 |
100 |
1.5 |
150 |
DZG-SF-24-022 |
34.0 |
38.5 |
116 |
4.5 |
522 |
DZG-SF-24-022 |
41.5 |
43.0 |
84 |
1.5 |
126 |
DZG-SF-24-023 |
45.5 |
46.5 |
528 |
1.0 |
528 |
DZG-SF-24-023 |
60.5 |
61.5 |
88 |
1.0 |
88 |
DZG-SF-24-024 |
36.0 |
37.5 |
176 |
1.5 |
264 |
DZG-SF-24-024 |
48.0 |
49.5 |
84 |
1.5 |
126 |
DZG-SF-24-025 |
6.0 |
7.5 |
124 |
1.5 |
186 |
DZG-SF-24-025 |
28.5 |
32.5 |
1,548 |
4.0 |
6,190 |
Including |
31.5 |
32.5 |
5,794 |
1.0 |
5,794 |
DZG-SF-24-025 |
41.5 |
47.5 |
85 |
6.0 |
507 |
DZG-SF-24-026 |
22.5 |
24.0 |
100 |
1.5 |
150 |
DZG-SF-24-027 |
16.5 |
17.5 |
120 |
1.0 |
120 |
DZG-SF-24-027 |
32.5 |
35.5 |
86 |
3.0 |
258 |
DZG-SF-24-027 |
47.5 |
49.0 |
224 |
1.5 |
336 |
DZG-SF-24-028 |
37.0 |
38.5 |
96 |
1.5 |
144 |
DZG-SF-24-029 |
28.5 |
37.5 |
184 |
9.0 |
1,656 |
DZG-SF-24-031 |
48.0 |
49.0 |
96 |
1.0 |
96 |
DZG-SF-24-033 |
0.0 |
3.0 |
277 |
3.0 |
832 |
DZG-SF-24-033 |
14.5 |
16.0 |
84 |
1.5 |
126 |
DZG-SF-24-033 |
19.0 |
22.0 |
128 |
3.0 |
384 |
DZG-SF-24-034 |
14.5 |
15.5 |
132 |
1.0 |
132 |
DZG-SF-24-034 |
83.0 |
84.0 |
120 |
1.0 |
120 |
DZG-SF-24-037 |
61.0 |
67.0 |
635 |
6.0 |
3,810 |
DZG-SF-24-037 |
73.0 |
74.5 |
128 |
1.5 |
192 |
DZG-SF-24-039 |
0.0 |
1.0 |
908 |
1.0 |
908 |
DZG-SF-24-039 |
7.0 |
8.5 |
148 |
1.5 |
222 |
DZG-SF-24-039 |
14.5 |
16.0 |
84 |
1.5 |
126 |
DZG-SF-24-039 |
20.0 |
21.0 |
144 |
1.0 |
144 |
DZG-SF-24-039 |
39.0 |
40.5 |
644 |
1.5 |
966 |
DZG-SF-24-040 |
84.0 |
85.0 |
92 |
1.0 |
92 |
DZG-SF-24-040 |
89.0 |
90.5 |
164 |
1.5 |
246 |
DZG-SF-24-041 |
79.0 |
80.0 |
264 |
1.0 |
264 |
Underground T28 |
TD28-24-1950-032 |
0.0 |
4.8 |
972 |
4.8 |
4,664 |
TD28-24-1950-032 |
22.8 |
24.0 |
473 |
1.2 |
568 |
TD28-24-1975-046 |
3.6 |
4.8 |
154 |
1.2 |
185 |
TD28-24-1975-048 |
6.0 |
8.4 |
91 |
2.4 |
218 |
TD28-24-1975-048 |
22.8 |
25.2 |
349 |
2.4 |
838 |
TD28-24-1975-049 |
3.6 |
7.2 |
236 |
3.6 |
851 |
TD28-24-1975-049 |
20.4 |
21.6 |
93 |
1.2 |
112 |
TD28-24-1975-050 |
16.8 |
18.0 |
205 |
1.2 |
246 |
TD28-24-1975-073 |
10.8 |
14.4 |
1,008 |
3.6 |
3,629 |
TD28-24-1975-075 |
13.2 |
15.6 |
662 |
2.4 |
1,588 |
TD28-24-1975-077 |
14.4 |
19.2 |
178 |
4.8 |
854 |
TD28-24-1975-081 |
15.6 |
16.8 |
430 |
1.2 |
516 |
TD28-24-1975-087 |
7.2 |
8.4 |
87 |
1.2 |
104 |
TD28-24-2000-059 |
4.8 |
6.0 |
269 |
1.2 |
323 |
TD28-24-2000-061 |
0.0 |
2.4 |
106 |
2.4 |
253 |
TD28-24-2000-068 |
10.8 |
14.4 |
143 |
3.6 |
516 |
TD28-24-2000-068 |
21.6 |
24.0 |
98 |
2.4 |
234 |
TD28-24-2000-070 |
0.0 |
4.8 |
154 |
4.8 |
737 |
TD28-24-2075-120 |
0.0 |
4.8 |
224 |
4.8 |
1,073 |
TD28-24-2075-122 |
0.0 |
9.6 |
1,458 |
9.6 |
14,000 |
Including |
0.0 |
4.8 |
2,804 |
4.8 |
13,458 |
TD28-24-2075-123 |
0.0 |
4.8 |
2,055 |
4.8 |
9,864 |
Including |
0.0 |
2.4 |
3,924 |
2.4 |
9,418 |
TD28-24-2075-124 |
0.0 |
2.4 |
238 |
2.4 |
570 |
TD28-24-2075-125 |
1.2 |
2.4 |
85 |
1.2 |
102 |
TD28-24-2100-099 |
6.0 |
8.4 |
229 |
2.4 |
548 |
TD28-24-2100-110 |
0.0 |
2.4 |
342 |
2.4 |
820 |
Underground YAK |
YAKD-24-1950-005 |
28.8 |
33.6 |
345 |
4.8 |
1,656 |
Including |
28.8 |
30.0 |
1,140 |
1.2 |
1,368 |
YAKD-24-1950-005 |
40.8 |
42.0 |
146 |
1.2 |
175 |
YAKD-24-1950-006 |
27.6 |
31.2 |
154 |
3.6 |
553 |
YAKD-24-1950-006 |
40.8 |
42.0 |
104 |
1.2 |
125 |
YAKD-24-1950-007 |
44.4 |
46.8 |
242 |
2.4 |
581 |
YAKD-24-1950-008 |
10.8 |
18.0 |
152 |
7.2 |
1,096 |
YAKD-24-1950-012 |
38.4 |
42.0 |
407 |
3.6 |
1,464 |
YAKD-24-1950-013 |
25.2 |
31.2 |
365 |
6.0 |
2,192 |
YAKD-24-1950-014 |
26.4 |
28.8 |
259 |
2.4 |
620 |
YAKD-24-1950-014 |
34.8 |
45.6 |
416 |
10.8 |
4,496 |
Including |
37.2 |
39.6 |
1,212 |
2.4 |
2,909 |
YAKD-24-1950-015 |
13.2 |
14.4 |
110 |
1.2 |
132 |
YAKD-24-1950-015 |
28.8 |
49.2 |
465 |
20.4 |
9,478 |
Including |
33.6 |
37.2 |
1,393 |
3.6 |
5,014 |
YAKD-24-1950-021 |
30.0 |
34.8 |
337 |
4.8 |
1,618 |
YAKD-24-1950-021 |
42.0 |
43.2 |
80 |
1.2 |
96 |
YAKD-24-1950-021 |
44.4 |
45.6 |
137 |
1.2 |
164 |
YAKD-24-1950-022 |
16.8 |
18.0 |
76 |
1.2 |
91 |
YAKD-24-1950-022 |
20.4 |
21.6 |
93 |
1.2 |
112 |
YAKD-24-1950-023 |
24.0 |
25.2 |
142 |
1.2 |
170 |
YAKD-24-1950-024 |
27.6 |
32.4 |
298 |
4.8 |
1,428 |
1 Holes were drilled at various angles; true widths are not
known at this time.2 All assay results are above the cut-off grade
of 75 g/t Ag
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/330f681c-6453-405c-a1cb-fe1b172f86a6
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