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Aya Gold & Silver Announces High-Grade Silver Drill Results and Adds New Exploration Permits at Zgounder

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Aya Gold & Silver Announces High-Grade Silver Drill Results and Adds New Exploration Permits at Zgounder

 

 

 

 

 

Aya Gold & Silver Inc. (TSX: AYA) (OTCQX: AYASF) is pleased to announce high-grade silver drill results and the acquisition of new adjacent exploration permits at the Zgounder Silver Mine in the Kingdom of Morocco.

 

Key Highlights (all intersections are in core lengths)

  • In the open-pit area to the east, reverse circulation drill hole ZG-RC-C3-23-25 intercepted 480 grams per tonne silver over 17 meters, including 1,156 g/t Ag over 5.0m and ZG-RC-C3-23-36 intercepted 1,043 g/t Ag over 5.0m
  • In the Central Zone from the 1,975m level:
    • hole TD28-23-1975-767 intercepted 1,706 g/t Ag over 7.2m, including 4,688 g/t Ag over 2.4m
    • hole TD28-23-1975-770 intercepted 3,065 g/t Ag over 4.8m
  • In the Central Zone from the 1,950m level:
    • hole TD28-23-1950-669 intercepted 933 g/t Ag over 9.6m, including
      • 1,576 g/t Ag over 4.8m
    • hole TD28-23-1950-665 intercepted 1,653 g/t Ag over 4.8m, including
      • 3,166 g/t Ag over 2.4m
  • Acquisition of 62.6 square kilometers (“km²”) of exploration permits less than 25km east of Zgounder as part of a reallocation of exploration permits by the Moroccan Directorate of Mines (Figure 2).

 

“Acquisition of this new prospective exploration ground boosts the total Zgounder land package to over 425km², increasing the potential for satellite deposits,” said Benoit La Salle, President & CEO. “We are also very encouraged by the ongoing high-grade results from both the open-pit and underground drilling, reconfirming the continuity of high-grade mineralization at Zgounder.”

 

Included in this release are results for 209 holes, which include 4 underground DDH, 52 RC drill hole from pit definition drilling, 122 T28 and 31 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 RC
ZG-RC-C3-23-21 1.0 8.0 478 7.0 3,348
Including 1.0 3.0 1,304 2.0 2,608
ZG-RC-C3-23-25 13.0 30.0 480 17.0 8,160
Including 25.0 30.0 1,156 5.0 5,781
ZG-RC-C3-23-29 28.0 33.0 720 5.0 3,600
ZG-RC-C3-23-33 0.0 10.0 379 10.0 3,793
ZG-RC-C3-23-36 28.0 33.0 1,043 5.0 5,216
ZG-RC-C3-23-44 0.0 11.0 270 11.0 2,967
ZG-RC-C3-23-51 7.0 17.0 206 10.0 2,061
Underground T28
TD28-23-1950-665 9.6 14.4 1,653 4.8 7,933
Including 9.6 12.0 3,166 2.4 7,597
TD28-23-1950-668 4.8 14.4 598 9.6 5,736
Including 4.8 10.8 837 6.0 5,023
TD28-23-1950-669 6.0 15.6 933 9.6 8,954
Including 9.6 14.4 1,576 4.8 7,565
TD28-23-1950-677 3.6 9.6 342 6.0 2,050
TD28-23-1950-677 16.8 26.4 623 9.6 5,978
Including 22.8 26.4 1,335 3.6 4,806
TD28-23-1950-679 9.6 13.2 940 3.6 3,383
TD28-23-1950-679 16.8 26.4 259 9.6 2,489
TD28-23-1950-683 3.6 10.8 294 7.2 2,114
TD28-23-1950-683 18.0 26.4 422 8.4 3,542
TD28-23-1950-698 8.4 14.4 528 6.0 3,168
Including 8.4 10.8 1,077 2.4 2,585
TD28-23-1975-767 12.0 19.2 1,706 7.2 12,286
Including 13.2 15.6 4,688 2.4 11,251
TD28-23-1975-767 22.8 26.4 1,474 3.6 5,305
TD28-23-1975-770 21.6 26.4 3,065 4.8 14,711
TD28-23-2000-797 12.0 16.8 639 4.8 3,066
Including 14.4 16.8 1,151 2.4 2,762
TD28-23-2000-803 4.8 7.2 910 2.4 2,184
TD28-23-2000-806 16.8 22.8 744 6.0 4,461
Including 16.8 20.4 1,163 3.6 4,185
TD28-23-2030-788 3.6 18.0 272 14.4 3,912
TD28-23-2030-793 10.8 14.4 1,162 3.6 4,185
TD28-23-2100-844 12.0 19.2 785 7.2 5,649
Including 12.0 14.4 2,040 2.4 4,897
Underground YAK
YAKD-23-1975-216 21.6 25.2 1,277 3.6 4,598
YAKD-23-1975-219 42.0 45.6 1,581 3.6 5,691
YAKD-23-2000-226 22.8 28.8 524 6.0 3,145
YAKD-23-2000-230 8.4 16.8 443 8.4 3,725
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.

 

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

 

HOLE ID From To Ag Length (m)* Ag x
width
(g/t)
Underground DDH
DZG-SF-23-201 25.0 26.0 842 1.0 842
DZG-SF-23-201 30.5 32.0 81 1.5 122
DZG-SF-23-201 75.0 76.5 76 1.5 114
DZG-SF-23-204 28.0 29.0 1,026 1.0 1,026
DZG-SF-23-205 33.0 36.5 141 3.5 492
DZG-SF-23-205 41.0 42.0 167 1.0 167
DZG-SF-23-205 46.0 47.0 203 1.0 203
DZG-SF-23-206 37.5 38.5 608 1.0 608
DZG-SF-23-206 42.0 43.5 79 1.5 118
Surface RC
ZG-RC-C3-23-03 0.0 1.0 103 1.0 103
ZG-RC-C3-23-03 5.0 6.0 184 1.0 184
ZG-RC-C3-23-05 0.0 1.0 114 1.0 114
ZG-RC-C3-23-05 3.0 6.0 129 3.0 388
ZG-RC-C3-23-05 12.0 14.0 107 2.0 214
ZG-RC-C3-23-05 15.0 16.0 108 1.0 108
ZG-RC-C3-23-06 0.0 1.0 108 1.0 108
ZG-RC-C3-23-06 13.0 14.0 104 1.0 104
ZG-RC-C3-23-06 25.0 28.0 314 3.0 942
ZG-RC-C3-23-06 40.0 41.0 282 1.0 282
ZG-RC-C3-23-07 6.0 9.0 115 3.0 344
ZG-RC-C3-23-08 1.0 7.0 134 6.0 802
ZG-RC-C3-23-09 6.0 7.0 88 1.0 88
ZG-RC-C3-23-10 7.0 8.0 91 1.0 91
ZG-RC-C3-23-10 12.0 14.0 209 2.0 418
ZG-RC-C3-23-11 0.0 1.0 288 1.0 288
ZG-RC-C3-23-11 5.0 6.0 82 1.0 82
ZG-RC-C3-23-12 6.0 7.0 79 1.0 79
ZG-RC-C3-23-12 16.0 17.0 150 1.0 150
ZG-RC-C3-23-14 6.0 9.0 123 3.0 368
ZG-RC-C3-23-14 44.0 45.0 517 1.0 517
ZG-RC-C3-23-17 7.0 11.0 106 4.0 423
ZG-RC-C3-23-19 0.0 1.0 96 1.0 96
ZG-RC-C3-23-20 0.0 1.0 130 1.0 130
ZG-RC-C3-23-20 4.0 9.0 141 5.0 705
ZG-RC-C3-23-21 1.0 8.0 478 7.0 3,348
Including 1.0 3.0 1,304 2.0 2,608
ZG-RC-C3-23-21 26.0 31.0 283 5.0 1,413
ZG-RC-C3-23-21 33.0 34.0 112 1.0 112
ZG-RC-C3-23-21 37.0 38.0 119 1.0 119
ZG-RC-C3-23-22 3.0 12.0 149 9.0 1,341
ZG-RC-C3-23-22 26.0 28.0 121 2.0 242
ZG-RC-C3-23-25 7.0 8.0 91 1.0 91
ZG-RC-C3-23-25 13.0 30.0 480 17.0 8,160
Including 25.0 30.0 1,156 5.0 5,781
ZG-RC-C3-23-27 0.0 12.0 111 12.0 1,335
ZG-RC-C3-23-27 19.0 20.0 92 1.0 92
ZG-RC-C3-23-28 0.0 1.0 176 1.0 176
ZG-RC-C3-23-28 4.0 6.0 126 2.0 252
ZG-RC-C3-23-29 0.0 1.0 110 1.0 110
ZG-RC-C3-23-29 4.0 11.0 186 7.0 1,302
ZG-RC-C3-23-29 15.0 18.0 537 3.0 1,612
ZG-RC-C3-23-29 19.0 20.0 88 1.0 88
ZG-RC-C3-23-29 28.0 33.0 720 5.0 3,600
ZG-RC-C3-23-33 0.0 10.0 379 10.0 3,793
ZG-RC-C3-23-35 8.0 9.0 99 1.0 99
ZG-RC-C3-23-35 12.0 14.0 155 2.0 310
ZG-RC-C3-23-36 28.0 33.0 1,043 5.0 5,216
ZG-RC-C3-23-40 13.0 14.0 121 1.0 121
ZG-RC-C3-23-44 0.0 11.0 270 11.0 2,967
Including 0.0 2.0 866 2.0 1,732
ZG-RC-C3-23-47 0.0 1.0 82 1.0 82
ZG-RC-C3-23-47 17.0 19.0 249 2.0 498
ZG-RC-C3-23-48 0.0 2.0 180 2.0 359
ZG-RC-C3-23-48 7.0 11.0 129 4.0 515
ZG-RC-C3-23-49 0.0 1.0 220 1.0 220
ZG-RC-C3-23-49 2.0 3.0 118 1.0 118
ZG-RC-C3-23-50 2.0 3.0 86 1.0 86
ZG-RC-C3-23-50 8.0 11.0 163 3.0 490
ZG-RC-C3-23-51 0.0 4.0 128 4.0 510
ZG-RC-C3-23-51 7.0 17.0 206 10.0 2,061
ZG-RC-C3-23-52 0.0 1.0 132 1.0 132
ZG-RC-C3-23-52 8.0 10.0 121 2.0 242
Underground T28
TD28-23-1950-661 7.2 10.8 142 3.6 512
TD28-23-1950-664 10.8 12.0 200 1.2 240
TD28-23-1950-664 13.2 14.4 100 1.2 120
TD28-23-1950-664 25.2 26.4 82 1.2 98
TD28-23-1950-665 9.6 14.4 1,653 4.8 7,933
Including 9.6 12.0 3,166 2.4 7,597
TD28-23-1950-665 16.8 18.0 91 1.2 109
TD28-23-1950-665 20.4 21.6 138 1.2 166
TD28-23-1950-667 13.2 16.8 248 3.6 893
TD28-23-1950-668 4.8 14.4 598 9.6 5,736
Including 4.8 10.8 837 6.0 5,023
TD28-23-1950-668 15.6 16.8 80 1.2 96
TD28-23-1950-668 18.0 19.2 88 1.2 106
TD28-23-1950-668 22.8 26.4 283 3.6 1,018
TD28-23-1950-669 6.0 15.6 933 9.6 8,954
Including 9.6 14.4 1,576 4.8 7,565
TD28-23-1950-669 19.2 24.0 181 4.8 866
TD28-23-1950-671 21.6 22.8 562 1.2 674
TD28-23-1950-672 13.2 16.8 489 3.6 1,759
TD28-23-1950-674 21.6 22.8 498 1.2 598
TD28-23-1950-675 19.2 25.2 147 6.0 881
TD28-23-1950-676 21.6 22.8 177 1.2 213
TD28-23-1950-677 3.6 9.6 342 6.0 2,050
TD28-23-1950-677 13.2 14.4 78 1.2 94
TD28-23-1950-677 16.8 26.4 623 9.6 5,978
Including 22.8 26.4 1,335 3.6 4,806
TD28-23-1950-678 2.4 3.6 129 1.2 154
TD28-23-1950-679 9.6 13.2 940 3.6 3,383
TD28-23-1950-679 16.8 26.4 259 9.6 2,489
TD28-23-1950-681 18.0 20.4 100 2.4 240
TD28-23-1950-681 21.6 24.0 88 2.4 211
TD28-23-1950-682 22.8 24.0 120 1.2 144
TD28-23-1950-683 3.6 10.8 294 7.2 2,114
Including 7.2 9.6 689 2.4 1,654
TD28-23-1950-683 18.0 26.4 422 8.4 3,542
Including 18.0 20.4 824 2.4 1,978
TD28-23-1950-697 4.8 6.0 414 1.2 497
TD28-23-1950-698 8.4 14.4 528 6.0 3,168
Including 8.4 10.8 1,077 2.4 2,585
TD28-23-1950-869 12.0 16.8 400 4.8 1,920
TD28-23-1968-877 14.4 16.8 77 2.4 185
TD28-23-1968-877 22.8 25.2 107 2.4 256
TD28-23-1975-685 7.2 8.4 76 1.2 91
TD28-23-1975-685 13.2 14.4 142 1.2 170
TD28-23-1975-686 7.2 8.4 103 1.2 123
TD28-23-1975-686 13.2 14.4 256 1.2 308
TD28-23-1975-687 4.8 6.0 1,034 1.2 1,240
TD28-23-1975-689 0.0 1.2 286 1.2 343
TD28-23-1975-689 2.4 3.6 198 1.2 238
TD28-23-1975-690 0.0 2.4 687 2.4 1,649
TD28-23-1975-730 13.2 14.4 164 1.2 197
TD28-23-1975-767 12.0 19.2 1,706 7.2 12,286
Including 13.2 15.6 4,688 2.4 11,251
TD28-23-1975-767 22.8 26.4 1,474 3.6 5,305
TD28-23-1975-768 2.4 3.6 110 1.2 132
TD28-23-1975-768 22.8 25.2 272 2.4 652
TD28-23-1975-769 22.8 26.4 253 3.6 912
TD28-23-1975-770 21.6 26.4 3,065 4.8 14,711
TD28-23-1975-771 1.2 4.8 177 3.6 637
TD28-23-2000-643 13.2 16.8 150 3.6 539
TD28-23-2000-644 12.0 13.2 76 1.2 91
TD28-23-2000-797 12.0 16.8 639 4.8 3,066
Including 14.4 16.8 1,151 2.4 2,762
TD28-23-2000-798 6.0 7.2 468 1.2 562
TD28-23-2000-798 14.4 20.4 305 6.0 1,829
TD28-23-2000-799 4.8 6.0 218 1.2 262
TD28-23-2000-799 10.8 12.0 162 1.2 195
TD28-23-2000-799 15.6 16.8 130 1.2 156
TD28-23-2000-800 0.0 2.4 111 2.4 265
TD28-23-2000-800 7.2 8.4 129 1.2 155
TD28-23-2000-803 4.8 7.2 910 2.4 2,184
TD28-23-2000-804 0.0 1.2 88 1.2 106
TD28-23-2000-804 16.8 18.0 92 1.2 110
TD28-23-2000-805 0.0 3.6 81 3.6 293
TD28-23-2000-805 14.4 18.0 151 3.6 542
TD28-23-2000-806 6.0 7.2 206 1.2 247
TD28-23-2000-806 16.8 22.8 744 6.0 4,461
Including 16.8 20.4 1163 3.6 4,185
TD28-23-2000-807 6.0 7.2 88 1.2 106
TD28-23-2000-807 12.0 18.0 106 6.0 638
TD28-23-2000-808 3.6 4.8 104 1.2 125
TD28-23-2000-809 0.0 1.2 78 1.2 94
TD28-23-2000-809 4.8 6.0 83 1.2 99
TD28-23-2000-810 19.2 20.4 78 1.2 94
TD28-23-2000-811 4.8 9.6 80 4.8 382
TD28-23-2000-811 18.0 19.2 86 1.2 103
TD28-23-2000-811 20.4 21.6 146 1.2 175
TD28-23-2000-820 2.4 3.6 99 1.2 119
TD28-23-2000-820 9.6 10.8 508 1.2 610
TD28-23-2000-822 24.0 25.2 457 1.2 548
TD28-23-2030-721 12.0 13.2 204 1.2 245
TD28-23-2030-722 12.0 13.2 192 1.2 230
TD28-23-2030-725 10.8 16.8 107 6.0 641
TD28-23-2030-772 0.0 2.4 168 2.4 403
TD28-23-2030-777 25.2 26.4 88 1.2 106
TD28-23-2030-778 3.6 8.4 250 4.8 1,198
TD28-23-2030-779 7.2 8.4 930 1.2 1,116
TD28-23-2030-781 14.4 15.6 94 1.2 113
TD28-23-2030-783 24.0 26.4 144 2.4 346
TD28-23-2030-786 2.4 7.2 338 4.8 1,621
TD28-23-2030-786 10.8 13.2 171 2.4 410
TD28-23-2030-787 15.6 16.8 92 1.2 110
TD28-23-2030-787 20.4 21.6 84 1.2 101
TD28-23-2030-787 22.8 25.2 442 2.4 1,062
TD28-23-2030-788 3.6 18.0 272 14.4 3,912
Including 12.0 14.4 706 2.4 1,694
TD28-23-2030-789 1.2 2.4 99 1.2 119
TD28-23-2030-793 10.8 14.4 1,162 3.6 4,185
TD28-23-2100-843 24.0 25.2 224 1.2 269
TD28-23-2100-844 12.0 19.2 785 7.2 5,649
Including 12.0 14.4 2,040 2.4 4,897
TD28-23-2100-846 2.4 3.6 119 1.2 143
Underground YAK
YAKD-23-1975-213 25.2 26.4 118 1.2 142
YAKD-23-1975-214 10.8 13.2 523 2.4 1,255
YAKD-23-1975-214 50.4 51.6 654 1.2 785
YAKD-23-1975-216 21.6 25.2 1,277 3.6 4,598
YAKD-23-1975-217 22.8 30.0 124 7.2 893
YAKD-23-1975-219 42.0 45.6 1,581 3.6 5,691
YAKD-23-2000-205 19.2 20.4 151 1.2 181
YAKD-23-2000-226 15.6 16.8 116 1.2 139
YAKD-23-2000-226 22.8 28.8 524 6.0 3,145
YAKD-23-2000-226 32.4 33.6 78 1.2 94
YAKD-23-2000-227 15.6 16.8 128 1.2 154
YAKD-23-2000-227 20.4 21.6 716 1.2 859
YAKD-23-2000-227 27.6 28.8 216 1.2 259
YAKD-23-2000-228 25.2 26.4 156 1.2 187
YAKD-23-2000-228 31.2 32.4 216 1.2 259
YAKD-23-2000-229 8.4 15.6 275 7.2 1,982
YAKD-23-2000-230 8.4 16.8 443 8.4 3,725
YAKD-23-2000-230 34.8 36.0 496 1.2 595
YAKD-23-2000-230 45.6 48.0 91 2.4 219
YAKD-23-2000-231 8.4 14.4 87 6.0 523
YAKD-23-2000-231 18.0 20.4 194 2.4 466
YAKD-23-2000-232 10.8 12.0 130 1.2 156
YAKD-23-2000-232 27.6 28.8 78 1.2 94
YAKD-23-2000-233 12.0 13.2 84 1.2 101
YAKD-23-2000-233 18.0 20.4 377 2.4 905
YAKD-23-2100-239 34.8 36.0 126 1.2 151
YAKD-23-2100-241 22.8 24.0 78 1.2 94
YAKD-23-2100-241 26.4 33.6 218 7.2 1,571
YAKD-23-2100-242 7.2 8.4 79 1.2 95
YAKD-23-2100-247 3.6 4.8 150 1.2 180
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 Drill Results at Zgounder (CNW Group/Aya Gold & Silver Inc)

 

 

 


Figure 2: Location of New Zgounder Permits (CNW Group/Aya Gold & Silver Inc)

 

Posted October 12, 2023

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