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Aya Gold & Silver Intercepts 2,887 g/t Ag over 5.5m and Further Extends the Zgounder East Zone

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Aya Gold & Silver Intercepts 2,887 g/t Ag over 5.5m and Further Extends the Zgounder East Zone

 

 

 

 

 

Aya Gold & Silver Inc. (TSX: AYA) is pleased to announce additional high-grade silver results from its 2021 drill exploration program that extend mineralization along strike and at depth of the new Zgounder East Zone in the Kingdom of Morocco.

 

Key Highlights (all intersections are in core lengths)

 

  • Extension of the mineralisation at depth to the granite contact within the exploration target with ZG-21-21, which intersected 2,887 grams per tonne Ag over 5.5m, including
    • 5,920 g/t Ag over 0.5m
    • 3,120 g/t Ag over 0.5m
    • 8,800 g/t Ag over 0.5m
    • 8,160 g/t Ag over 0.5m
  • Continuation of the mineralized system and definition of the new eastern zone with
    ZG-21-22, which intersected 1,010 g/t Ag over 5m, including

    • 4,320 g/t Ag over 0.5m
    • 2,560 g/t Ag over 0.5m
    • 1,608 g/t Ag over 0.5m
  • Continuation of high-grade mineralization below current mine workings with
    ZG-SF-21-12, which intersected 1,879 g/t Ag over 6.0m, including

    • 6,422 g/t Ag over 0.5m
    • 3,929 g/t Ag over 0.5m
    • 3,249 g/t Ag over 0.5m
    • 2,871 g/t Ag over 0.5m
  • Extension of on-strike mineralization with
    • T28-21-2100-142, which intersected 1,931 g/t Ag over 4.8m
    • T28-21-2100-144, which intersected 2,553 g/t Ag over 1.2m
  • Mineralization remains open on strike and at depth

 

“Today’s high-grade results confirm continuity and expand mineralization along strike and down dip of the recently discovered eastern zone at Zgounder. The addition of intersection ZG-21-22 to our inventory of mineralized zones and the delineation of additional zones bring us closer to achieving our mineral resource target to support our feasibility study and the expansion of Zgounder,” said Benoit La Salle, President & CEO.

 

Assay results were received for eight surface core holes, five underground core holes, and 13 T28 electric percussion holes, which continue to confirm the mineralized potential at depth as well as in the eastern extension of the Zgounder Mine (see Figure 1). For a comprehensive summary of today’s results from the 2021 drill program, please refer to Appendix 1 of this press release 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-21-21 306.50 312.00 5.50 2,887
including 0.50 5,920
including 0.50 3,120
including 0.50 8,800
including 0.50 8,160
including 0.50 3,520
331.00 333.50 2.50 510
351.00 355.50 4.50 306
ZG-21-22 162.50 164.50 2.00 345
167.00 169.00 2.00 91
258.00 263.00 5.00 1,010
including 0.50 4,320
including 0.50 2,560
including 0.50 1,608
Underground
ZG-SF-21-12 1.50 7.50 6.00 1,879
including 0.50 1,964
including 0.50 2,493
including 0.50 2,871
including 0.50 3,249
including 0.50 6,422
including 0.50 3,929
8.50 9.00 0.50 91
54.50 56.50 2.00 117
77.00 79.00 2.00 120
T28-21-2100-142 21.60 26.40 4.80 1,931
T28-21-2100-144 12.00 13.20 1.20 2,553
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.

 

2021 Exploration Program

 

To date, over 26,800m of the 41,000m drilling program scheduled in 2021 have been carried out on Zgounder, of which 15,000m were drilled at surface. Eight diamond drilling rigs are currently turning on the property.

 

Quality Assurance

 

For core drilling, all individual samples represent approximately one meter in length of core, which was 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.

 

Since its appointment in mid-2020, Aya’s new management team has been focused on maximising shareholder value by anchoring sustainability at the heart of its production, resource, 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-21-16 193.00 194.50 1.50 135
240.00 241.50 1.50 290
205.00 206.00 1.00 84
259.50 261.00 1.50 289
ZG-21-17 1.50 2.50 1.00 184
5.50 6.50 1.00 84
16.00 17.50 1.50 180
23.50 26.50 3.00 578
169.50 172.50 3.00 284
186.50 187.50 1.00 116
229.00 230.00 1.00 240
245.00 250.50 5.50 303
258.00 259.00 1.00 360
ZG-21-18 283.50 285.00 1.50 92
289.50 290.00 0.50 128
ZG-21-19 187.00 188.50 1.50 120
193.50 195.50 2.00 142
ZG-21-20 180.00 181.00 1.00 84
264.50 265.50 1.00 196
ZG-21-21 306.50 312.00 5.50 2,887
including 0.50 5,920
including 0.50 3,120
including 0.50 8,800
including 0.50 8,160
including 0.50 3,520
331.00 333.50 2.50 510
351.00 355.50 4.50 306
ZG-21-22 162.50 164.50 2.00 345
167.00 169.00 2.00 91
258.00 263.00 5.00 1,010
including 0.50 4,320
including 0.50 2,560
including 0.50 1,608
ZG-21-25 172.50 173.00 0.50 2,048
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-21-08 8.50 10.00 1.50 476
42.50 45.00 2.50 130
ZG-SF-21-09 0.00 1.00 1.00 76
10.00 11.00 1.00 151
13.50 15.00 1.50 80
22.50 26.00 3.50 206
67.00 70.00 3.00 112
96.50 98.00 1.50 84
ZG-SF-21-10 16.00 17.50 1.50 180
19.50 20.50 1.00 128
31.50 35.00 3.50 302
65.00 66.00 1.00 76
ZG-SF-21-12 1.50 7.50 6.00 1,879
including 0.50 1,964
including 0.50 2,493
including 0.50 2,871
including 0.50 3,249
including 0.50 6,422
including 0.50 3,929
8.50 9.00 0.50 91
54.50 56.50 2.00 117
77.00 79.00 2.00 120
ZG-SF-21-13 9.50 11.50 2.00 259
21.00 24.00 3.00 271
T28-21-2030-125 0.00 2.40 2.40 586
T28-21-2030-127 6.00 7.20 1.20 149
T28-21-2030-129 6.00 8.40 2.40 522
25.20 26.40 1.20 142
T28-21-2030-130 14.40 19.20 4.80 493
20.40 25.20 4.80 89
T28-21-2030-134 4.80 6.00 1.20 83
T28-21-2100-141 12.00 14.40 2.40 772
T28-21-2100-142 21.60 26.40 4.80 1,931
T28-21-2100-144 8.40 9.60 1.20 258
12.00 13.20 1.20 2,553
16.80 18.00 1.20 292
T28-21-2100-144bis 12.00 14.40 2.40 522
T28-21-2100-147 12.00 13.20 1.20 78
T28-21-2100-167 0.00 3.60 3.60 552
T28-21-1975-151 7.20 8.40 1.20 79
16.80 20.40 3.60 103
T28-21-1975-157 0.00 6.00 6.00 303
10.80 13.20 2.40 89
16.80 19.20 2.40 96
 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.

 

SHAPE  \* MERGEFORMAT

Figure 1: Location of DDH Results from Surface and Underground Drilling at Zgounder (CNW Group/Aya Gold & Silver Inc)

Posted July 7, 2021

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