In the news release, Aya Gold
& Silver Extnds High-Grade Silver Mineralization at Depth at
Zgounder, issued 21-Dec-2022 by
Aya Gold & Silver Inc over CNW,
the headline should read "Aya Gold
& Silver Extends High-Grade Silver Mineralization at Depth at
Zgounder" as incorrectly transmitted by CNW. The complete,
corrected release follows:
Aya Gold & Silver Extends
High-Grade Silver Mineralization at Depth at Zgounder
MONTREAL, Dec. 21, 2022 /CNW Telbec/ - Aya Gold & Silver Inc. (TSX: AYA)
(OTCQX: AYASF) ("Aya" or the "Corporation") is pleased to announce
additional drill exploration results, confirming the extension of
high-grade silver mineralization at depth at the Zgounder Silver
Mine in the Kingdom of Morocco.
Key Highlights (all intersections are in core
lengths)
- At the central zone just below 2,000 meter ("m") level
extending the high-grade zone discovered recently,
-
- hole TD28-22-2000-308 intercepted 3,956 grams per tonne
("g/t") silver ("Ag") over 21.60m
including
-
- hole TD28-22-2000-305 intercepted 5,691 g/t Ag over
9.60m including
-
- hole TD28-22-2000-307 intercepted 1,972 g/t Ag over
15.60m including
-
- Surface drilling including ZG-DCD-22-06 at the bottom
contact with the granite intersected 1,220 g/t Ag over 6.50m and 5,132 g/t over 2.50m. ZG-22-64, intersected 2,074 g/t
over 3.50m, confirming high-grade
mineralization at, or near, the contact with the granite.
- From diamond definition drilling, DZG-SF-22-129
intercepted 708 g/t Ag over 11.00m,
DZG-SF-122 intercepted 646 g/t over 11.00m and DZG-SF-135 intercepted 423 g/t
over 13.50m upward from level
2,030m.
"Today's surface drilling results are part of our drill
exploration program aimed at extending the high-grade
mineralization at depth towards the granite contact at Zgounder,"
said Benoit La Salle, President
& CEO. "We are very pleased with the overall continuity of the
deposit, which continues to expand the known mineralization and
deliver high-grade ounces."
Included in this release are results for 105 holes, which
include 19 surface diamond drill hole ("DDH"), 13 underground DDH,
56 T28 and 17 YAK (T28 & YAK: percussion
drilling using an air-compressed hammer) holes.
For a full summary of today's results, refer to Appendix
1.
Table 1 – Significant Intercepts from Drilling at Zgounder
(core lengths)
DDH
No.
|
From
|
To
|
Ag
(g/t)
|
Length
(m)*
|
Ag x
width
|
Surface
DDH
|
DZG-SF-22-122
|
32.5
|
43.5
|
646
|
11.0
|
7,105
|
DZG-SF-22-127
|
29.0
|
37.0
|
645
|
8.0
|
5,162
|
DZG-SF-22-129
|
40.5
|
51.5
|
708
|
11.0
|
7,787
|
DZG-SF-22-135
|
85.0
|
98.5
|
423
|
13.5
|
5,704
|
ZG-DCD-22-06
|
267.5
|
274.0
|
1,220
|
6.5
|
7,928
|
Including
|
272.5
|
273.5
|
5,322
|
1.0
|
5,322
|
ZG-DCD-22-06
|
421.5
|
424.0
|
5,132
|
2.5
|
12,829
|
Including
|
421.5
|
422.5
|
12,560
|
1.0
|
12,560
|
Underground
DDH
|
ZG-22-64
|
336.5
|
340.0
|
2,074
|
3.5
|
7,259
|
Including
|
337.0
|
339.0
|
3,535
|
2.0
|
7,070
|
Underground
T28
|
TD28-22-1950-331
|
16.8
|
21.6
|
1,993
|
4.8
|
9,568
|
TD28-22-2000-305
|
16.8
|
26.4
|
5,691
|
9.6
|
54,631
|
Including
|
18.0
|
24.0
|
8,840
|
6.0
|
53,042
|
TD28-22-2000-306
|
19.2
|
25.2
|
939
|
6.0
|
5,636
|
TD28-22-2000-307
|
2.4
|
18.0
|
1,972
|
15.6
|
30,770
|
Including
|
2.4
|
14.4
|
2,538
|
12.0
|
30,454
|
TD28-22-2000-308
|
1.2
|
22.8
|
3,956
|
21.6
|
85,459
|
Including
|
3.6
|
18.0
|
5,792
|
14.4
|
83,403
|
TD28-22-2075-349
|
3.6
|
10.8
|
846
|
7.2
|
6,091
|
Underground
YACK
|
YAKD-22-1950-100
|
30.0
|
50.4
|
620
|
20.4
|
12,649
|
Including
|
31.2
|
37.2
|
1,588
|
6.0
|
9,526
|
YAKD-22-2075-086
|
0.0
|
3.6
|
1,415
|
3.6
|
5,092
|
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.
David Lalonde, Bc.S. P. Geo, Head
of Exploration, 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.
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",
"extend", "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 June 16, 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 Drilling at Zgounder
(core lengths)
DDH
No.
|
From
|
To
|
Ag
(g/t)
|
Length
(m)*
|
Ag x
width
|
Surface
DDH
|
DZG-SF-22-119
|
33.0
|
46.0
|
204
|
13.0
|
2,654
|
DZG-SF-22-119
|
49.0
|
53.0
|
158
|
4.0
|
633
|
DZG-SF-22-121
|
31.0
|
35.5
|
585
|
4.5
|
2,633
|
DZG-SF-22-121
|
77.0
|
78.5
|
218
|
1.5
|
327
|
DZG-SF-22-121
|
84.5
|
96.0
|
354
|
11.5
|
4,068
|
DZG-SF-22-122
|
32.5
|
43.5
|
646
|
11.0
|
7,105
|
DZG-SF-22-122
|
49.5
|
52.5
|
135
|
3.0
|
404
|
DZG-SF-22-122
|
55.0
|
57.5
|
98
|
2.5
|
244
|
DZG-SF-22-122
|
101.0
|
102.5
|
200
|
1.5
|
300
|
DZG-SF-22-124
|
3.0
|
4.0
|
342
|
1.0
|
342
|
DZG-SF-22-124
|
34.0
|
37.5
|
170
|
3.5
|
595
|
DZG-SF-22-126
|
1.5
|
3.0
|
246
|
1.5
|
369
|
DZG-SF-22-126
|
34.0
|
35.5
|
370
|
1.5
|
555
|
DZG-SF-22-126
|
42.0
|
45.5
|
1,353
|
3.5
|
4,734
|
DZG-SF-22-126
|
59.5
|
60.5
|
200
|
1.0
|
200
|
DZG-SF-22-126
|
103.0
|
104.5
|
430
|
1.5
|
645
|
DZG-SF-22-127
|
29.0
|
37.0
|
645
|
8.0
|
5,162
|
DZG-SF-22-127
|
44.5
|
51.5
|
335
|
7.0
|
2,345
|
DZG-SF-22-127
|
80.0
|
83.0
|
223
|
3.0
|
669
|
DZG-SF-22-127
|
101.5
|
104.5
|
165
|
3.0
|
496
|
DZG-SF-22-129
|
3.0
|
4.5
|
1,678
|
1.5
|
2,516
|
DZG-SF-22-129
|
40.5
|
51.5
|
708
|
11.0
|
7,787
|
DZG-SF-22-130
|
3.0
|
4.5
|
1,532
|
1.5
|
2,298
|
DZG-SF-22-130
|
34.0
|
35.0
|
274
|
1.0
|
274
|
DZG-SF-22-130
|
39.0
|
41.0
|
373
|
2.0
|
746
|
DZG-SF-22-131
|
1.5
|
4.5
|
133
|
3.0
|
398
|
DZG-SF-22-132
|
3.0
|
4.5
|
140
|
1.5
|
210
|
DZG-SF-22-132
|
20.0
|
21.5
|
150
|
1.5
|
225
|
DZG-SF-22-132
|
30.5
|
35.5
|
468
|
5.0
|
2,340
|
DZG-SF-22-132
|
42.0
|
46.5
|
166
|
4.5
|
746
|
DZG-SF-22-132
|
80.5
|
81.5
|
261
|
1.0
|
261
|
DZG-SF-22-133
|
18.0
|
19.5
|
1,196
|
1.5
|
1,794
|
DZG-SF-22-134
|
39.5
|
42.5
|
402
|
3.0
|
1,207
|
DZG-SF-22-134
|
48.0
|
49.5
|
174
|
1.5
|
261
|
DZG-SF-22-134
|
83.5
|
85.0
|
143
|
1.5
|
215
|
DZG-SF-22-135
|
34.5
|
37.5
|
95
|
3.0
|
285
|
DZG-SF-22-135
|
41.5
|
55.0
|
127
|
13.5
|
1,709
|
DZG-SF-22-135
|
59.0
|
65.5
|
204
|
6.5
|
1,327
|
DZG-SF-22-135
|
71.0
|
74.0
|
271
|
3.0
|
812
|
DZG-SF-22-135
|
85.0
|
98.5
|
423
|
13.5
|
5,704
|
DZG-SF-22-137
|
64.5
|
66.0
|
2,303
|
1.5
|
3,455
|
DZG-SF-22-138
|
52.0
|
55.0
|
131
|
3.0
|
393
|
DZG-SF-22-138
|
83.0
|
84.5
|
195
|
1.5
|
292
|
DZG-SF-22-140
|
2.5
|
3.5
|
433
|
1.0
|
433
|
ZG-DCD-22-05
|
342.0
|
343.5
|
364
|
1.5
|
545
|
ZG-DCD-22-06
|
267.5
|
274.0
|
1,220
|
6.5
|
7,928
|
Including
|
272.5
|
273.5
|
5,322
|
1.0
|
5,322
|
ZG-DCD-22-06
|
380.0
|
380.5
|
848
|
0.5
|
424
|
ZG-DCD-22-06
|
421.5
|
424.0
|
5,132
|
2.5
|
12,829
|
Including
|
421.5
|
422.5
|
12,560
|
1.0
|
12,560
|
Underground
DDH
|
ZG-22-60
|
181.0
|
182.5
|
460
|
1.5
|
690
|
ZG-22-61
|
66.0
|
66.5
|
1,884
|
0.5
|
942
|
ZG-22-61
|
177.5
|
180.5
|
287
|
3.0
|
862
|
ZG-22-61
|
244.5
|
245.0
|
982
|
0.5
|
491
|
ZG-22-62
|
175.0
|
176.0
|
343
|
1.0
|
343
|
ZG-22-62
|
229.0
|
229.5
|
1,388
|
0.5
|
694
|
ZG-22-63
|
177.0
|
178.5
|
166
|
1.5
|
249
|
ZG-22-63
|
201.0
|
205.5
|
253
|
4.5
|
1,138
|
ZG-22-64
|
105.5
|
108.5
|
102
|
3.0
|
307
|
ZG-22-64
|
191.0
|
195.5
|
261
|
4.5
|
1,174
|
ZG-22-64
|
336.5
|
340.0
|
2,074
|
3.5
|
7,259
|
Including
|
337.0
|
339.0
|
3,535
|
2.0
|
7,070
|
ZG-22-64
|
361.5
|
363.0
|
203
|
1.5
|
304
|
ZG-22-64
|
370.5
|
380.0
|
233
|
9.5
|
2,209
|
Including
|
378.0
|
379.5
|
823
|
1.5
|
1,235
|
ZG-22-64
|
385.0
|
393.0
|
209
|
8.0
|
1,670
|
ZG-22-66
|
104.5
|
106.0
|
2,940
|
1.5
|
4,410
|
ZG-22-66
|
184.0
|
185.5
|
327
|
1.5
|
490
|
ZG-22-67
|
47.5
|
48.0
|
712
|
0.5
|
356
|
ZG-22-67
|
54.0
|
54.5
|
1,076
|
0.5
|
538
|
ZG-22-69
|
9.0
|
12.0
|
457
|
3.0
|
1,371
|
ZG-22-69
|
32.0
|
33.5
|
218
|
1.5
|
327
|
ZG-22-73
|
357.5
|
359.5
|
237
|
2.0
|
473
|
ZG-22-73
|
366.0
|
367.5
|
323
|
1.5
|
485
|
ZG-22-74
|
20.5
|
23.0
|
585
|
2.5
|
1,463
|
ZG-22-74
|
182.0
|
183.0
|
327
|
1.0
|
327
|
ZG-22-74
|
191.5
|
193.0
|
154
|
1.5
|
231
|
Underground
T28
|
TD28-22-1950-254
|
16.8
|
19.2
|
105
|
2.4
|
252
|
TD28-22-1950-255
|
16.8
|
21.6
|
154
|
4.8
|
740
|
TD28-22-1950-259
|
0.0
|
2.4
|
341
|
2.4
|
818
|
TD28-22-1950-282
|
9.6
|
13.2
|
361
|
3.6
|
1,301
|
TD28-22-1950-283
|
3.6
|
14.4
|
149
|
10.8
|
1,610
|
TD28-22-1950-285
|
0.0
|
2.4
|
504
|
2.4
|
1,210
|
TD28-22-1950-298
|
6.0
|
7.2
|
474
|
1.2
|
569
|
TD28-22-1950-298
|
9.6
|
10.8
|
183
|
1.2
|
219
|
TD28-22-1950-298
|
16.8
|
18.0
|
270
|
1.2
|
324
|
TD28-22-1950-300
|
14.4
|
16.8
|
100
|
2.4
|
241
|
TD28-22-1950-301
|
9.6
|
15.6
|
231
|
6.0
|
1,389
|
TD28-22-1950-325
|
2.4
|
4.8
|
102
|
2.4
|
244
|
TD28-22-1950-326
|
21.6
|
24.0
|
418
|
2.4
|
1,004
|
TD28-22-1950-327
|
14.4
|
16.8
|
134
|
2.4
|
320
|
TD28-22-1950-328
|
14.4
|
26.4
|
277
|
12.0
|
3,318
|
TD28-22-1950-329
|
3.6
|
6.0
|
968
|
2.4
|
2,323
|
TD28-22-1950-330
|
4.8
|
7.2
|
254
|
2.4
|
611
|
TD28-22-1950-331
|
3.6
|
8.4
|
346
|
4.8
|
1,658
|
TD28-22-1950-331
|
16.8
|
21.6
|
1,993
|
4.8
|
9,568
|
TD28-22-1950-339
|
0.0
|
2.4
|
105
|
2.4
|
251
|
TD28-22-1968-345
|
16.8
|
24.0
|
466
|
7.2
|
3,352
|
TD28-22-1968-346
|
14.4
|
19.2
|
242
|
4.8
|
1,163
|
TD28-22-1968-378
|
9.6
|
12.0
|
178
|
2.4
|
427
|
TD28-22-1968-379
|
9.6
|
13.2
|
78
|
3.6
|
279
|
TD28-22-1975-101
|
0.0
|
2.4
|
143
|
2.4
|
343
|
TD28-22-2000-279
|
10.8
|
14.4
|
179
|
3.6
|
644
|
TD28-22-2000-286
|
1.2
|
2.4
|
217
|
1.2
|
260
|
TD28-22-2000-286
|
18.0
|
20.4
|
213
|
2.4
|
510
|
TD28-22-2000-287
|
18.0
|
21.6
|
288
|
3.6
|
1,035
|
TD28-22-2000-304
|
9.6
|
10.8
|
333
|
1.2
|
399
|
TD28-22-2000-305
|
16.8
|
26.4
|
5,691
|
9.6
|
54,631
|
Including
|
18.0
|
24.0
|
8,840
|
6.0
|
53,042
|
TD28-22-2000-306
|
1.2
|
3.6
|
105
|
2.4
|
252
|
TD28-22-2000-306
|
19.2
|
25.2
|
939
|
6.0
|
5,636
|
TD28-22-2000-307
|
2.4
|
18.0
|
1,972
|
15.6
|
30,770
|
Including
|
2.4
|
14.4
|
2,538
|
12.0
|
30,454
|
TD28-22-2000-307
|
21.6
|
22.8
|
174
|
1.2
|
209
|
TD28-22-2000-308
|
1.2
|
22.8
|
3,956
|
21.6
|
85,459
|
Including
|
3.6
|
18.0
|
5,792
|
14.4
|
83,403
|
TD28-22-2000-386
|
7.2
|
12.0
|
381
|
4.8
|
1,829
|
TD28-22-2000-389
|
3.6
|
4.8
|
169
|
1.2
|
202
|
TD28-22-2075-319
|
7.2
|
8.4
|
518
|
1.2
|
622
|
TD28-22-2075-319
|
18.0
|
22.8
|
151
|
4.8
|
726
|
TD28-22-2075-321
|
8.4
|
14.4
|
208
|
6.0
|
1,248
|
TD28-22-2075-321
|
18.0
|
26.4
|
127
|
8.4
|
1,068
|
TD28-22-2075-323
|
4.8
|
16.8
|
250
|
12.0
|
3,005
|
Including
|
10.8
|
13.2
|
541
|
2.4
|
1,299
|
TD28-22-2075-324
|
4.8
|
9.6
|
549
|
4.8
|
2,634
|
TD28-22-2075-349
|
3.6
|
10.8
|
846
|
7.2
|
6,091
|
TD28-22-2075-349
|
14.4
|
15.6
|
407
|
1.2
|
488
|
TD28-22-2075-350
|
7.2
|
9.6
|
138
|
2.4
|
331
|
TD28-22-2125-238
|
0.0
|
3.6
|
165
|
3.6
|
593
|
TD28-22-2125-242
|
3.6
|
7.2
|
598
|
3.6
|
2,151
|
TD28-22-2125-243
|
9.6
|
14.4
|
989
|
4.8
|
4,747
|
TD28-22-2125-245
|
13.2
|
15.6
|
491
|
2.4
|
1,178
|
Underground
YACK
|
YAKD-22-1950-099
|
30.0
|
37.2
|
573
|
7.2
|
4,125
|
YAKD-22-1950-100
|
30.0
|
50.4
|
620
|
20.4
|
12,649
|
Including
|
31.2
|
37.2
|
1,588
|
6.0
|
9,526
|
YAKD-22-1950-101
|
32.4
|
33.6
|
285
|
1.2
|
341
|
YAKD-22-1950-101
|
38.4
|
40.8
|
109
|
2.4
|
262
|
YAKD-22-1950-103
|
13.2
|
15.6
|
275
|
2.4
|
661
|
YAKD-22-1950-103
|
20.4
|
24.0
|
126
|
3.6
|
454
|
YAKD-22-1950-106
|
31.2
|
38.4
|
337
|
7.2
|
2,429
|
YAKD-22-1950-110
|
7.2
|
9.6
|
694
|
2.4
|
1,664
|
YAKD-22-1950-127
|
44.4
|
46.8
|
85
|
2.4
|
205
|
YAKD-22-2075-074
|
2.4
|
7.2
|
703
|
4.8
|
3,374
|
YAKD-22-2075-078
|
8.4
|
15.6
|
654
|
7.2
|
4,712
|
YAKD-22-2075-079
|
8.4
|
12.0
|
818
|
3.6
|
2,944
|
YAKD-22-2075-086
|
0.0
|
3.6
|
1,415
|
3.6
|
5,092
|
YAKD-22-2075-086
|
43.2
|
45.6
|
117
|
2.4
|
281
|
YAKD-22-2075-086
|
50.4
|
52.8
|
136
|
2.4
|
327
|
YAKD-22-2075-087
|
0.0
|
2.4
|
137
|
2.4
|
329
|
YAKD-22-2075-087
|
42.0
|
43.2
|
170
|
1.2
|
204
|
YAKD-22-2075-088
|
44.4
|
48.0
|
481
|
3.6
|
1,730
|
YAKD-22-2075-089
|
31.2
|
34.8
|
332
|
3.6
|
1,194
|
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.
|
SOURCE Aya Gold & Silver
Inc