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Aya Gold & Silver Announces Multiple High-Grade Drilling Intercepts at Zgounder

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Aya Gold & Silver Announces Multiple High-Grade Drilling Intercepts at Zgounder

 

 

 

 

 

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

 

Key Highlights (all intersections are in core lengths)

  • Delineation of a new high-grade eastern zone between the 2,150 and 2,200-meter (“m”) levels with ZG-22-55, which intercepted 1,102 grams per tonne (“g/t”) silver (“Ag”) over 14.5m including
    • 11,520 g/t Ag over 0.5m
    •  8,320 g/t Ag over 0.5m
    •  3,408 g/t Ag over 0.5m
    •  1,308 g/t Ag over 1.5m
  • Opening of a new central zone at the 2,030m level by hole YAK-22-2030-7bis, which intercepted 671 g/t Ag over 14.4m including
    •  2,396 g/t Ag over 1.2m
    •  1,794 g/t Ag over 1.2m
    •  1,438 g/t Ag over 1.2m

and by YAK-22-2035-4bis, which intercepted 792 g/t Ag over 9.6m including

    •  1,338 g/t Ag over 1.2m
    •  1,321 g/t Ag over 1.2m
    •  1,221 g/t Ag over 1.2m
    •  1,186 g/t Ag over 1.2m
  • Continued extension of a working area at the 2,000m level with T28-8-15, which intercepted 1,311 g/t Ag over 6m including
    •  5,549 g/t Ag over 1.2m
  • Further definition of the eastern strike by ZG-22-47, which intercepted 703 g/t Ag over 10.5m including
    • 11,680 g/t Ag over 0.5m

 

“Zgounder continues to deliver excellent results, with significant high-grade intercepts including holes ZG-22-55 and ZG-22-47 returning near-surface mineralisation with meaningful width. Additionally, holes YAK-22-2030-7bis and YAK -22-2035-4bis represent a cluster of grade-rich intervals in a new zone located at the 2,030-meter level, which confirms the potential of an up-dip extension between the 2,025 and 2,100- meter levels. Overall, results continue to extend high grades into new development zones,” said Benoit La Salle, President & CEO.

 

Included in this release are results for 61 holes, which include 10 surface diamond drill holes (“DDH”), 13 underground DDH, 22 T28 and 16 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-22-33 22.00 23.50 1.50 128
26.50 29.00 2.50 742
33.50 36.00 2.50 333
39.00 40.50 1.50 1,243
58.50 60.00 1.50 128
ZG-22-47 16.50 18.00 1.50 544
99.50 109.00 9.50 296
123.00 127.50 4.50 590
including 0.50 4,320
137.50 138.50 1.00 2,960
142.00 143.50 1.50 363
152.00 163.00 10.50 703
including 0.50 1,380
including 0.50 11,680
179.00 181.50 2.50 133
ZG-22-51 89.00 91.00 2.00 1,475
ZG-22-55 7.00 8.50 1.50 77
11.50 13.00 1.50 464
18.50 33.00 14.50 1,102
including 1.50 1,308
including 0.50 11,520
including 0.50 8,320
including 0.50 3,408
35.50 37.00 1.50 336
Underground
YAK-22-2030-7bis 6.00 20.40 14.40 671
including 1.20 1,794
including 1.20 2,396
including 1.20 1,438
T28-8-15 0.00 6.00 6.00 1,311
including 1.20 5,549
YAK-22-2035-4bis 15.60 18.00 2.40 291
33.60 43.20 9.60 792
including 1.20 1,186
including 1.20 1,221
including 1.20 1,338
including 1.20 1,321
DZG-SF-22-77 109.00 110.50 1.50 1,795
DZG-SF-22-81 21.00 22.50 1.50 168
38.50 40.00 1.50 2,533
T28-21-1975-330-P8 10.80 12.00 1.20 2,097
YAKD-22-2000-024 13.20 15.60 2.40 1,100
YAKD-22-2000-027 0.00 7.20 7.20 311
15.60 16.80 1.20 2,161
YAKD-22-2000-028 3.60 7.20 3.60 1,577
YAK-22-2030-8bis 12.00 13.20 1.20 1,423
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 (“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 (“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.

 

Q2-2022 Results

 

The Corporation will release its second quarter 2022 financial and operational results before market-open on August 12, 2022.

 

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)

ZG-22-30 82.00 83.50 1.50 381
ZG-22-31 9.50 15.50 6.00 650
88.00 89.50 1.50 552
ZG-22-33 22.00 23.50 1.50 128
26.50 29.00 2.50 742
33.50 36.00 2.50 333
39.00 40.50 1.50 1,243
58.50 60.00 1.50 128
ZG-22-38 223.00 227.00 4.00 118
ZG-22-47 16.50 18.00 1.50 544
99.50 109.00 9.50 296
123.00 127.50 4.50 590
including 0.50 4,320
137.50 138.50 1.00 2,960
142.00 143.50 1.50 363
152.00 163.00 10.50 703
including 0.50 1,380
including 0.50 11,680
179.00 181.50 2.50 133
ZG-22-48 66.50 68.00 1.50 136
102.50 103.50 1.00 252
ZG-22-49 83.00 85.00 2.00 586
149.50 152.50 3.00 636
157.50 170.00 12.50 678
including 0.50 2,480
including 0.50 1,908
including 0.50 7,280
including 0.50 1,908
including 0.50 1,628
174.00 183.50 9.50 123
186.00 190.00 4.00 367
including 0.50 2,560
ZG-22-50 138.00 139.50 1.50 98
144.00 145.00 1.00 259
ZG-22-51 89.00 91.00 2.00 1,475
ZG-22-55 7.00 8.50 1.50 77
11.50 13.00 1.50 464
18.50 33.00 14.50 1,102
including 1.50 1,308
including 0.50 11,520
including 0.50 8,320
including 0.50 3,408
35.50 37.00 1.50 336
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-22-71 80.50 84.00 3.50 181
DZG-SF-22-72 16.00 17.50 1.50 368
36.50 41.50 5.00 293
52.50 53.50 1.00 160
DZG-SF-22-73 22.00 25.50 3.50 702
91.50 92.00 0.50 586
DZG-SF-22-75 37.50 43.00 5.50 191
DZG-SF-22-77 109.00 110.50 1.50 1,795
DZG-SF-22-78 9.00 12.00 3.00 412
DZG-SF-22-79 42.50 47.50 5.00 265
DZG-SF-22-81 21.00 22.50 1.50 168
38.50 40.00 1.50 2,533
DZG-SF-22-82 6.00 9.00 3.00 960
DZG-SF-22-83 7.50 9.00 1.50 1,004
DZG-SF-22-85 6.00 7.50 1.50 363
DZG-SF-22-86 5.50 7.50 2.00 1,940
DZG-SF-22-91 8.00 9.00 1.00 162
13.00 18.50 5.50 414
T28 Drilling
TD28-22-1975-120 20.40 24.00 3.60 110
TD28-22-1975-121 3.60 6.00 2.40 177
TD28-22-1975-122 3.60 6.00 2.40 189
0.00 6.00 6.00 876
TD28-22-1975-123 21.60 25.20 3.60 146
T28-21-1975-330-P8 10.80 12.00 1.20 2,097
T28-21-2100-168bis 0.00 4.80 4.80 638
T28-21-2100-169bis 4.80 12.00 6.00 535
T28-21-2100-170bis 0.00 12.00 12.00 141
T28-21-2100-173bis 4.80 7.20 2.40 1,681
T28-21-2100-174bis 13.20 18.00 4.80 149
T28-21-2100-175bis 19.20 20.40 1.20 234
T28-21-2100-180bis 0.00 2.40 2.40 146
T28-21-2100-181bis 2.40 3.60 1.20 183
6.00 10.80 4.80 695
T28-22-2075-826 10.80 12.00 1.20 404
15.60 19.20 3.60 875
T28-22-2075-827 14.40 18.00 3.60 234
T28-8-15 0.00 6.00 6.00 1,311
including 1.20 5,549
TD28-22-2125-132 0.00 2.40 2.40 818
TD28-22-2125-133 16.80 18.00 1.20 89
TD28-22-2125-134 6.00 12.00 6.00 311
TD28-22-2125-138 4.80 6.00 1.20 198
TD28-22-1975-163 16.80 20.40 3.60 117
TD28-22-1975-165 19.20 20.40 1.20 288
YAK Drilling
YAKD-22-2075-023 9.60 13.20 3.60 135
27.60 28.80 1.20 112
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
YAKD-22-2000-027 0.00 7.20 7.20 311
15.60 16.80 1.20 2,161
YAKD-22-2000-028 3.60 7.20 3.60 1,577
YAKD-22-2000-031 10.80 12.00 1.20 89
21.60 27.60 6.00 171
YAK-22-2030-5bis 8.40 10.80 2.40 236
YAK-22-2030-7 6.00 21.60 15.60 391
YAK-22-2030-7bis 6.00 20.40 14.40 671
including 1.20 1,794
including 1.20 2,396
including 1.20 1,438
YAK-22-2030-8 12.00 14.40 2.40 106
42.00 43.20 1.20 134
YAK-22-2030-8bis 12.00 13.20 1.20 1,423
YAK-22-2035-4bis 15.60 18.00 2.40 291
33.60 43.20 9.60 792
including 1.20 1,186
including 1.20 1,221
including 1.20 1,338
including 1.20 1,321
YAK-21-2000-12 4.80 10.80 6.00 263
YAKD-22-1975-035 0.00 2.40 2.40 470
YAKD-22-1975-036 36.00 38.40 2.40 168
YAKD-22-1975-037 15.60 21.60 6.00 198
31.20 33.60 2.40 86
39.60 50.40 10.80 149
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.

 

 


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

 

Posted July 19, 2022

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