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Aya Gold & Silver: Step-Out Drilling Extends Eastern and Central Mineralization at Zgounder

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Aya Gold & Silver: Step-Out Drilling Extends Eastern and Central Mineralization at Zgounder

 

 

 

 

 

Aya Gold & Silver Inc. (TSX: AYA) (OTCQX: AYASF) is pleased to announce high-grade silver results from its step-out drilling program at the Zgounder Silver Mine in the Kingdom of Morocco.

 

Key Highlights (all intersections are in core lengths)

  • Follow-up of mineralised slopes with DZG-SF-22-07 at the 1,975 level, which intercepted 1,748 grams per tonne silver over 8.5 meters including
    • 14,720 g/t Ag over 1.5m
    • 6,480 g/t Ag over 1.5m
    • 3,460 g/t Ag over 0.5m
  • Hole T28-22-1975-01 located below current mine galleries, intercepted 3,260 g/t Ag over 3.6m including
    • 5,096 g/t Ag over 1.2m
    • 4,525 g/t Ag over 1.2m
  • Definition of near-surface mineralization to the east with ZG-22-04, which intercepted 796 g/t Ag over 11m including
    • 7,760 g/t Ag over 0.5m
    • 3,760 g/t Ag over 0.5m
  • Continued definition at the 1975m level with T28-22-1975-803, which intercepted 1,896 g/t Ag over 3.6m including
    • 3,520 g/t Ag over 1.2m
    • 1,948 g/t Ag over 1.2m
  • Extension of the eastern strike by ZG-22-10, which also intercepted 1,089 g/t Ag over 6m including
    • 2,720 g/t Ag over 1.5m
    • 1,092 g/t Ag over 1.5m

 

“Today’s step-out results confirm high-grade continuity below current mine galleries and in the central portion of the mine.  Additionally, holes ZG-22-04 and ZG-22-10 intercepted high-grade intervals that further define the eastern strike close to surface. Overall, results continue to support Zgounder’s near-term expansion potential, providing additional support for our updated resource statement later this year,” said Benoit La Salle, President & CEO.

 

Included in this release are results for 82 holes , which include 14 surface diamond drill holes (“DDH”), 6 underground DDH, 50 T28 and 12 YAK (T28 & YAK: percussion drilling using an air-compressed hammer) holes.  For a full summary of today’s results, refer to Appendixes 1 and 2.

 

Table 1 – Significant Intercepts from Drilling at Zgounder (core lengths)

 

Hole No. From (m) To (m) Length1 (m) Ag2 (g/t)
Surface
ZG-22-04 5.50 8.50 3.00 130
19.00 30.00 11.00 796
including 0.50 1,026
including 0.50 7,760
including 0.50 3,760
33.50 36.00 2.50 121
46.50 49.00 2.50 425
51.50 52.50 1.00 888
56.00 60.50 4.50 208
69.50 70.00 0.50 156
76.00 77.00 1.00 192
98.50 99.00 0.50 188
121.50 123.00 1.50 324
167.00 172.00 5.00 651
5.50 8.50 3.00 130
ZG-22-10 4.50 10.50 6.00 90
16.50 22.50 6.00 1,089
including 1.50 2,720
including 1.50 1,092
Underground
DZG-SF-22-07 24.00 32.50 8.50 1,748
including 0.50 3,460
including 1.50 14,720
including 1.50 6,480
TD28-22-2125-058 2.40 10.80 8.40 527
including 1.20 2,184
TD28-22-2075-066 25.20 26.4 1.20 1,000
T28-22-1975-01 4.80 8.400 3.60 3,260
including 1.20 5,096
including 1.20 4,525
14.40 26.40 12.00 296
T28-22-1975-803 0.00 1.20 1.20 104
2.40 3.60 1.20 76
10.80 14.40 3.60 1,896
including 1.20 1,948
including 1.20 3,520
TD28-22-2125-047 4.80 7.2 2.40 1,028
TD28-22-2030-092 3.60 6.00 2.40 1,456
including 1.20 2,800
10.80 15.60 4.80 513
including 1.20 1,772
TD28-22-1975-110 0.00 3.60 3.60 1,492
including 1.20 1,804
including 1.20 2,550
YAKD-22-1975-010 16.80 19.20 2.40 1,761
YAKD-22-2000-024 13.20 15.60 2.40 1,100
YAKD-22-2000-026 3.60 13.20 9.60 412
including 1.20 1,940
YAK-22-2030-1 0.00 3.60 3.60 1,036
13.20 14.40 1.20 106
18.00 20.40 2.40 265
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.

 

Quality Assurance

 

For core drilling, all individual samples represent approximately one metre 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 in Marrakech, Morocco. All samples are analyzed for silver, copper, iron, lead, and zinc using Aqua regia and finished by atomic absorption spectroscopy. 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 (“ZMSM”) 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.

 

Marc-Antoine Audet, Ph.D. P. Geo, Geological Consultant, is Aya Gold & Silver’s Qualified Person and has reviewed this press release for accuracy and compliance with National Instrument 43-101.

 

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.

 

 

Appendix 1 – Mineral Intercepts from Surface Drilling at Zgounder (core lengths)

 

Hole No. From

 (m)

To

 (m)

Length1

 (m)

Ag2

 (g/t)

DZG-21-28 81.50 83.00 1.50 743
234.00 235.00 1.00 76
238.50 239.50 1.00 350
251.00 251.50 0.50 109
268.00 272.00 4.00 247
278.00 283.00 5.00 255
291.00 292.00 1.00 710
ZG-22-03 221.50 223.00 1.50 89
229.50 231.00 1.50 851
ZG-22-04 5.50 8.50 3.00 130
19.00 30.00 11.00 796
including 0.50 1,026
including 0.50 7,760
including 0.50 3,760
33.50 36.00 2.50 121
46.50 49.00 2.50 425
51.50 52.50 1.00 888
56.00 60.50 4.50 208
69.50 70.00 0.50 156
76.00 77.00 1.00 192
98.50 99.00 0.50 188
121.50 123.00 1.50 324
167.00 172.00 5.00 651
ZG-22-06 7.50 10.50 3.00 142
262.00 263.00 1.00 96
386.00 387.50 1.50 167
ZG-22-07 26.00 27.50 1.50 495
30.50 32.00 1.50 77
ZG-22-09 31.00 36.50 5.50 389
56.00 57.00 1.00 108
63.00 64.00 1.00 100
65.50 66.50 1.00 84
ZG-22-10 4.50 10.50 6.00 90
16.50 22.50 6.00 1,089
including 1.50 2,720
including 1.50 1,092
ZG-22-11 7.50 16.50 9.00 495
31.50 37.50 6.00 326
42.00 46.50 4.50 536
136.00 142.00 6.00 304
144.50 150.50 6.00 163
ZG-22-12 72.00 77.00 5.00 570
ZG-22-13 311.00 312.50 1.50 232
315.50 317.00 1.50 80
ZG-22-14 184.00 185.50 1.50 194
ZG-22-15 17.50 19.50 2.00 394
33.00 36.00 3.00 256
ZG-22-16 174.50 176.50 2.00 598
ZG-22-22 174.50 177.50 3.00 186
184.00 186.00 2.00 403
212.00 213.50 1.50 187
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.

 

Appendix 2 – Mineral Intercepts from Underground Drilling at Zgounder (core lengths)

 

Hole No. From

 (m)

To

 (m)

Length1

 (m)

Ag2

 (g/t)

DZG-SF-22-06 9.00 11.00 2.00 199
DZG-SF-22-07 24.00 32.50 8.50 1,748
including 0.50 3,460
including 1.50 14,720
including 1.50 6,480
DZG-SF-22-32 29.50 34.00 4.50 792
84.00 85.50 1.50 96
DZG-SF-22-35 38.00 41.00 3.00 378
47.00 52.00 5.00 674
56.50 58.50 2.00 86
89.00 90.50 1.50 344
95.00 98.50 3.50 275
DZG-SF-22-37 18.00 19.00 1.00 136
DZG-SF-22-41 25.50 31.00 5.50 81
T28 Drilling
T28-22-2075-808 14.40 15.60 1.20 212
22.80 24.00 1.20 84
T28-22-2075-809 0.00 1.20 1.20 192
12.00 13.20 1.20 92
T28-22-2075-811 4.80 8.40 3.60 79
T28-22-2075-812 2.40 3.60 1.20 84
T28-22-2075-814 14.40 20.40 6.00 384
T28-22-2075-815 14.40 21.60 7.20 478
T28-22-2075-817 12 15.60 3.60 158
T28-22-2075-818 2.4 6.00 3.60 149
T28-22-2075-819 13.2 14.40 1.20 448
TD28-22-2125-037 2.40 6.00 3.60 187
TD28-22-2125-038 15.60 20.40 4.80 319
TD28-22-2125-039 7.20 9.60 2.40 95
TD28-22-2125-056 2.40 9.60 7.20 455
TD28-22-2125-058 2.40 10.80 8.40 527
including 1.20 2,184
TD28-22-2075-064 4.80 7.20 2.40 308
TD28-22-2075-065 0.00 2.40 2.40 158
21.60 25.20 3.60 529
TD28-22-2075-066 25.20 26.40 1.20 1,000
TD28-22-2075-067 0.00 2.40 2.40 146
4.80 9.60 4.80 104
TD28-22-2075-070 15.60 25.20 9.60 150
TD28-22-2075-071 14.40 15.60 1.20 84
19.20 20.40 1.20 76
TD28-22-2075-072 12.00 13.20 1.20 792
22.80 24.00 1.20 492
TD28-22-2075-073 21.60 22.80 1.20 99
T28-22-1975-01 4.80 8.400 3.60 3,260
including 1.20 5,096
1.20 4,525
14.40 26.40 12.00 296
T28-22-1975-800 8.40 9.60 1.20 664
T28-22-1975-801 6.00 7.20 1.20 108
T28-22-1975-803 0.00 1.20 1.20 104
2.40 3.60 1.20 76
10.80 14.40 3.60 1,896
including 1.20 1,948
including 1.20 3,520
T28-22-1975-804 8.40 10.80 2.40 140
T28-22-1975-807 19.20 20.40 1.20 208
TD28-22-2125-044 12.00 13.20 1.20 500
TD28-22-2125-047 4.80 7.20 2.40 1,028
TD28-22-2125-048 0.00 2.40 2.40 102
4.80 7.20 2.40 682
10.80 13.20 2.40 740
TD28-22-2125-049 0.00 3.60 3.60 641
8.40 10.80 2.40 178
19.20 20.40 1.20 88
TD28-22-2125-050 7.20 9.60 2.40 94
TD28-22-2030-090 2.40 3.60 1.20 356
TD28-22-2030-092 3.60 6.00 2.40 1,456
including 1.20 2,800
10.80 15.60 4.80 513
including 1.20 1,772
TD28-22-2030-093 3.60 4.80 1.20 772
7.20 12.00 4.80 175
TD28-22-2030-094 4.80 9.60 4.80 88
TD28-22-2030-095 4.80 6.00 1.20 88
TD28-22-2030-097 7.20 10.80 3.6 137
18.00 19.20 1.2 88
TD28-22-1975-110 0.00 3.60 3.60 1,492
including 1.20 1,804
including 1.20 2,550
TD28-22-1975-111 1.20 2.40 1.20 488
TD28-22-1975-112 15.60 18.00 2.40 223
TD28-22-1975-113 15.60 16.80 1.20 150
22.80 24.00 1.20 76
TD28-22-1975-115 0.00 4.80 4.80 158
7.20 8.40 1.20 116
10.80 12.00 1.20 148
18.00 19.20 1.20 268
TD28-22-1975-117 0.00 6.00 6.00 285
14.40 15.60 1.20 112
18.00 19.20 1.20 80
TD28-22-1975-118 0.00 2.40 2.40 628
TD28-22-1975-119 14.40 16.80 2.40 142
TD28-22-1975-101 0.00 2.40 2.40 144
8.40 9.60 1.20 208
TD28-22-1975-104 8.40 9.60 1.20 76
TD28-22-1975-108 4.80 6.00 1.20 92
YAK Drilling
YAKD-22-1975-009 18.00 21.60 3.60 175
YAKD-22-1975-010 16.80 19.20 2.40 1,761
YAKD-22-1975-012 24.00 25.20 1.20 220
YAKD-22-1975-013 2.40 3.60 1.20 116
YAKD-22-2075-017 10.80 13.20 2.40 372
YAKD-22-2075-018 10.80 14.40 3.60 736
16.80 18.00 1.20 109
48.00 50.40 2.40 576
YAKD-22-2075-020 22.80 27.60 4.80 229
39.60 46.80 7.20 654
YAKD-22-2000-024 13.20 15.60 2.40 1,100
YAKD-22-2000-026 3.60 13.20 9.60 412
including 1.20 1,940
YAK-22-2030-1 0.00 3.60 3.60 1,036
13.20 14.40 1.20 106
18.00 20.40 2.40 265
YAK-22-2030-3 8.40 10.80 2.40 741
15.60 18.00 2.40 301
YAK-22-2030-3bis 6.20 9.20 3.00 180
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.

 

 


Figure 1: Location of DDH Results at Zgounder as per Appendixes 1 & 2 (CNW Group/Aya Gold & Silver Inc)

 

Posted June 1, 2022

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