MONTREAL, July 19, 2022 /CNW Telbec/ - Aya Gold & Silver Inc. (TSX: AYA) (OTCQX: AYASF) ("Aya" or the "Corporation") 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.

 

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

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.

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 "confirm",  "de-risk", "expect", "demonstrate", "continuity", "potential", "continue", "expand", "seems", 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, the conversion of Inferred Mineral Resources into Measured and Indicated Mineral Resources and future opportunities for enhancing development at Zgounder. 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 ability to obtain any requisite governmental approvals, the presence of artisanal miners, obtaining regulatory permits for on site work, importing goods and machinery and employment permits, the accuracy of Mineral Reserve and Mineral Resource Estimates (including, but not limited to, ore tonnage and ore grade estimates), the price of silver, the price of gold, 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 gold 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. 

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.


 

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