MONTREAL, June 16,
2022 /CNW Telbec/ - Aya Gold & Silver Inc. (TSX: AYA)
(OTCQX: AYASF) ("Aya" or the "Corporation") announces that it has
filed on SEDAR an amended version of the independent feasibility
study technical report (the "Technical Report") prepared in
accordance with National Instrument 43-101 ("NI 43-101") for
the expansion of the Zgounder Silver Mine in the Kingdom of
Morocco.
The Technical Report, dated June 16,
2022, has been filed under the continuous disclosure review
program of the Autorités des marches financiers. The amendments to
the Technical Report replace certain members as external
independent qualified persons to comply with NI 43-101 and do not
change the accompanying mineral reserve estimates, economic
analysis, conclusions, and recommendations provided in the original
report dated March 31, 2022, for the
expansion of the Zgounder Silver Mine. The effective date of the
Technical Report remains the same as in the original report. There
are also no differences between the Technical Report and the
information disclosed in the February 22,
2022 news release.
Following the above, Aya has filed an amended version of its
Annual Information Form ("AIF") on SEDAR. In addition to SEDAR, the
Technical Report and AIF can be found on the Corporation's website
(www.ayagoldsilver.com).
Qualified Person
The technical information contained in this news release has
been reviewed and approved by Patrick
Perez, P.Eng, Aya's Director of Technical Services, a QP as
defined under NI 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 is focused on maximising shareholder value
by anchoring sustainability at the heart of its production,
resource, governance, and financial growth plans.
For additional information, please visit Aya's website at
www.ayagoldsilver.com.
Forward-Looking
Statements
This press release contains certain statements that constitute
forward-looking information within the meaning of applicable
securities laws ("forward-looking statements"), which reflects
management's expectations regarding Aya's future growth and
business prospects (including the timing and development of new
deposits and the success of exploration activities) and other
opportunities. Wherever possible, words such as "potential",
"could", "opportunity", "support", "suggest", "expected",
"probably", and similar expressions or statements that certain
actions, events or results "may", "could", "would", "might",
"will", or are "likely" to be taken, occur or be achieved, have
been used to identify such forward-looking information. Specific
forward-looking statements in this press release include, but are
not limited to, statements and information with respect to the
exploration and development potential of Zgounder and the
conversion of Inferred Mineral Resources into Measured and
Indicated Mineral Resources, future opportunities for enhancing
development at Zgounder, and timing for the release of the
Company's disclosure in connection with the foregoing. Although the
forward-looking information contained in this press release reflect
management's current beliefs based upon information currently
available to management and based upon what management believes to
be reasonable assumptions, Aya cannot be certain that actual
results will be consistent with such forward-looking information.
Such forward-looking statements are based upon assumptions,
opinions and analysis made by management in light of its
experience, current conditions, and its expectations of future
developments that management believe to be reasonable and relevant
but that may prove to be incorrect. These assumptions include,
among other things, the closing and timing of financing, the
ability to obtain any requisite governmental approvals, the
accuracy of Mineral Reserve and Mineral Resource Estimates
(including, but not limited to, ore tonnage and ore grade
estimates), silver price, exchange rates, fuel and energy costs,
future economic conditions, anticipated future estimates of free
cash flow, and courses of action. Aya cautions you not to place
undue reliance upon any such forward-looking statements.
The risks and uncertainties that may affect forward-looking
statements include, among others: the inherent risks involved in
exploration and development of mineral properties, including
government approvals and permitting, changes in economic
conditions, changes in the worldwide price of silver and other key
inputs, changes in mine plans (including, but not limited to,
throughput and recoveries being affected by metallurgical
characteristics) and other factors, such as project execution
delays, many of which are beyond the control of Aya, as well as
other risks and uncertainties which are more fully described in
Aya's 2021 Annual Information Form dated March 31, 2022, and in other filings of Aya with
securities and regulatory authorities which are available on SEDAR
at www.sedar.com. Aya does not undertake any obligation to update
forward-looking statements should assumptions related to these
plans, estimates, projections, beliefs, and opinions change.
Nothing in this document should be construed as either an offer to
sell or a solicitation to buy or sell Aya securities. All
references to Aya include its subsidiaries unless the context
requires otherwise.
SOURCE Aya Gold & Silver
Inc