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Aya Gold & Silver Announces High-Grade, At-Depth Drill Results at Zgounder

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Aya Gold & Silver Announces High-Grade, At-Depth Drill Results at Zgounder

 

 

 

 

 

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

 

Key Highlights (all intersections are in core lengths)

  • From surface, diamond drill hole ZG-23-54 intercepted 1,846 grams per tonne silver over 7.0 meters, including 5.0m at 2,095 g/t Ag; and ZG-23-35 intercepted 683 g/t Ag over 15.0m, including 6.0m at 1,221 g/t Ag
  • In the Central Zone from the 1,950m level:
    • hole ZG-SF-23-055 intercepted 672 g/t Ag over 7.5m near the granite contact
    • hole DZG-SF-23-292 intercepted 2,430 g/t Ag over 4.5m, including 4,174 g/t Ag over 2.5m
    • hole ZG-SF-23-038 intercepted 675 g/t Ag over 14.0m, including 951 g/t Ag over 7.0m
    • hole TD28-23-1950-752 intercepted 858 g/t Ag over 12.0m, including 1,905 g/t Ag over 4.8m
  • In the Central Zone from the 1,925m level:
    • hole ZG-SF-23-056 intercepted 391 g/t Ag over 11.5m near the granite contact
  • In the Central Zone from the 2,100m level:
    • hole YAKD-23-2100-202 intercepted 1,005 g/t Ag over 30.0m, including 2,354 g/t Ag over 12.0m

 

“Today’s results including holes ZG-23-54 and DZG-SF-23-292 further validate the very high-grade nature of Zgounder, while holes ZG-SF-23-055 and ZG-SF-23-056 confirm mineralization near the granite contact,” said Benoit La Salle, President & CEO. “Importantly, these initial results outline significant down-plunge extensions of the deposit and continue to return thick, high-grade intercepts. Four underground rigs are now mobilized with the objective of expanding mineral resources at depth.”

 

Included in this release are results for 249 holes, which include 114 underground DDH, 35 surface DDH, 61 T28 and 39 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 Length

 (m)*

Ag x
width
(g/t)
Surface DDH
ZG-23-35 85.0 100.0 683 15.0 10,247
Including 87.0 93.0 1,221 6.0 7,326
ZG-23-42 82.5 84.0 1,970 1.5 2,955
ZG-23-54 56.0 63.0 1,846 7.0 12,923
Including 56.0 61.0 2,095 5.0 10,476
ZG-23-58 10.0 14.0 1,828 4.0 7,313
Underground DDH
ZG-SF-23-023 37.0 38.0 1,754 1.0 1,754
ZG-SF-23-029 87.0 93.5 417 6.5 2,712
ZG-SF-23-031 39.0 40.0 1,656 1.0 1,656
ZG-SF-23-038 42.0 56.0 675 14.0 9,456
Including 46.5 53.5 951 7.0 6,658
ZG-SF-23-055 153.0 160.5 672 7.5 5,037
Including 154.0 157.0 1,375 3.0 4,124
ZG-SF-23-056 277.5 289.0 391 11.5 4,491
DZG-SF-23-258 14.5 16.0 1,091 1.5 1,636
DZG-SF-23-275 55.5 57.0 2,087 1.5 3,131
DZG-SF-23-292 46.5 51.0 2,430 4.5 10,933
Including 47.5 50.0 4,174 2.5 10,434
DZG-SF-23-295 40.0 59.5 362 19.5 7,066
Including 50.0 52.5 1,609 2.5 4,023
DZG-SF-23-311 68.5 77.5 180 9.0 1,621
Underground T28
TD28-23-1950-752 9.6 21.6 858 12.0 10,297
Including 9.6 14.4 1,905 4.8 9,144
TD28-23-1950-979 12.0 19.2 795 7.2 5,726
Including 12.0 14.4 1,562 2.4 3,749
TD28-23-1950-980 12.0 14.4 874 2.4 2,098
TD28-23-1950-985 14.4 21.6 327 7.2 2,357
TD28-23-1950-991 12.0 19.2 249 7.2 1,794
TD28-23-1975-636 10.8 20.4 684 9.6 6,568
TD28-23-2000-966 12.0 14.4 928 2.4 2,226
TD28-23-2000-967 12.0 19.2 592 7.2 4,264
Including 13.2 16.8 960 3.6 3,456
TD28-23-2000-970 12.0 14.4 788 2.4 1,891
TD28-23-2000-972 8.4 12.0 919 3.6 3,307
Underground YAK
YAKD-23-1995-315 24.0 33.6 203 9.6 1,944
YAKD-23-1995-316 27.6 48.0 425 20.4 8,663
Including 27.6 34.8 912 7.2 6,569
YAKD-23-2075-303 4.8 7.2 1,044 2.4 2,506
YAKD-23-2075-304 1.2 7.2 555 6.0 3,329
YAKD-23-2100-202 6.0 36.0 1,005 30.0 30,151
Including 10.8 22.8 2,354 12.0 28,248
YAKD-24-2125-002 4.8 8.4 439 3.6 1,580
YAKD-24-2125-002 30.0 36.0 292 6.0 1,750
 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 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 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 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.

 

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.

 

Posted January 31, 2024

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