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Aya Gold & Silver Intercepts 1,299 g/t Ag over 15m and Continues to Expand Zgounder at Depth

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Aya Gold & Silver Intercepts 1,299 g/t Ag over 15m and Continues to Expand Zgounder at Depth

 

 

 

 

 

Aya Gold & Silver Inc. (TSX: AYA) is pleased to announce high-grade Ag assay results from its 2021 drill exploration program at the Zgounder Silver Mine in the Kingdom of Morocco.

 

Key Highlights (all intersections are in core lengths)

 

  • Extension of on-strike underground mineralization below current operations with ZG-SF-21-39, which intersected 1,299 grams per tonne (“g/t”) silver (“Ag”) over 15.0 meters (“m”) including
    • 13,138 g/t Ag over 0.5m
    • 5,621 g/t Ag over 0.5m
    • 5,168 g/t Ag over 0.5m
  • Opening Zgounder East Zone at depth with ZG-21-40, which returned 845 g/t Ag over 6.0m including
    • 3,825 g/t Ag over 0.5m
    • 1,358 g/t Ag over 0.5m

and with ZG-21-41, which returned 448 g/t Ag over 10.5m including

    • 16,396 g/t Ag over 0.5m
    • 3,527 g/t Ag over 3.5m

 

Drilling continued to expand mineralization at depth, including ZG-SF-21-39 which defined continuous high-grade mineralization below the current mine workings and remains open in both directions (see Figure 1). Holes ZG-21-41 and ZG-21-40 generated 448 g/t Ag over 10.5m and 845 g/t Ag over 6m, respectively, confirming high-grade mineralisation and identifying a new mineralized structure below 2,000m in the Zgounder East Zone. Step-out drilling is planned shortly in this high-potential area, in addition to the target zones below the mine to the granite contact.

 

“Today’s diamond drill exploration results continue to expand Zgounder’s mineral envelope at depth in two distinct areas, both of which remain open for further growth. Notably, holes ZG-21-40 and ZG-21-41 defined high-grade intervals below 2,000 meters, opening up a previously undrilled area of Zgounder East and generating new targets for exploration. Overall, results continue to underscore Zgounder’s near-mine expansion potential, providing additional support for our resource target and upcoming feasibility study,” said Benoit La Salle, President & CEO.

 

Included in this release are results for 7 diamond drill holes (“DDH”), which include three DDH from surface and four underground DDH.

 

For a full summary of today’s results from the 2021 drill program, refer to Appendix 1 for surface results and Appendix 2 for underground results.

 

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

 

Hole No. From (m) To (m) Length1 (m) Ag2 (g/t)
Surface
ZG-21-40 7.00 10.00 3.00 258
35.50 37.00 1.50 459
80.00 86.00 6.00 845
including 0.50 1,358
including 0.50 3,825
including 0.50 1,110
89.50 90.00 0.50 1,288
105.50 106.00 0.50 84
136.00 138.50 2.50 244
159.50 160.50 1.00 247
166.00 166.50 0.50 113
217.00 219.00 2.00 107
220.50 221.00 0.50 92
246.00 247.00 1.00 156
307.00 308.00 1.00 174
310.50 312.00 1.50 1,662
ZG-21-41 1.50 3.00 1.50 80
10.50 21.00 10.50 448
43.00 43.50 0.50 120
101.00 102.00 1.00 100
192.50 194.00 1.50 280
302.50 306.00 3.50 3,527
including 0.50 16,396
Underground
ZG-SF-21-35 58.50 67.00 8.50 425
including 0.50 1,024
including 0.50 1,594
ZG-SF-21-36 2.50 6.00 3.50 428
including 0.50 1,233
53.50 55.50 2.00 134
ZG-SF-21-39 6.50 21.50 15.00 1,299
including 0.50 1,750
including 0.50 2,901
including 0.50 13,138
including 0.50 5,168
including 0.50 5,621
including 0.50 1,450
including 0.50 1,581
23.50 25.50 2.00 108
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 from Surface and Underground Drilling as per Appendixes 1 & 2

 

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 analysed 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 reanalysed using fire assaying.

 

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)

ZG-21-40 7.00 10.00 3.00 258
35.50 37.00 1.50 459
80.00 86.00 6.00 845
including 0.50 1,358
including 0.50 3,825
including 0.50 1,110
89.50 90.00 0.50 1,288
105.50 106.00 0.50 84
136.00 138.50 2.50 244
159.50 160.50 1.00 247
166.00 166.50 0.50 113
217.00 219.00 2.00 107
220.50 221.00 0.50 92
246.00 247.00 1.00 156
307.00 308.00 1.00 174
310.50 312.00 1.50 1,662
ZG-21-41 1.50 3.00 1.50 80
10.50 21.00 10.50 448
43.00 43.50 0.50 120
101.00 102.00 1.00 100
192.50 194.00 1.50 280
302.50 306.00 3.50 3,527
including 0.50 16,396
ZG-21-42 4.50 6.00 1.50 272
15.00 16.50 1.50 366
76.00 76.50 0.50 476
122.00 123.50 1.50 237
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)

ZG-SF-21-35

 

58.50 67.00 8.50 425
including 0.50 1,024
including 0.50 1,594
ZG-SF-21-36 2.50 6.00 3.50 428
including 0.50 1,233
53.50 55.50 2.00 134
ZG-SF-21-37

 

 

22.00 23.00 1.00 84
27.50 32.00 4.50 194
36.00 46.50 10.50 195
ZG-SF-21-39 6.50 21.50 15.00 1,299
including 0.50 1,750
including 0.50 2,901
including 0.50 13,138
including 0.50 5,168
including 0.50 5,621
including 0.50 1,450
including 0.50 1,581
23.50 25.50 2.00 108
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.

 

 

 

Posted September 21, 2021

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