MONTREAL, Aug. 19, 2021 /CNW Telbec/ - Aya Gold & Silver Inc. (TSX: AYA)
("Aya" or the "Corporation") is pleased to update on its ongoing
fieldwork program at the Imiter bis Project in the Kingdom of
Morocco, which identified a
north-south mineralised structure extending over four kilometers
long. Imiter bis is located 150 kilometers from Ouarzazate and five kilometers from Managem's
Imiter Mine, which is an epithermal silver deposit.
Program Highlights
- A total of 141 grab samples tested previously mapped mineral
indices and known structures along strike
-
- Results include 15.42 g/t Au, 289 g/t Ag, 5.51% Cu, 31.23% Pb,
and 7.80% Zn (Tables 1-3)
- A total of 22 channels yielded 209 samples that tested the
distribution of metals
-
- Results include 8.29 g/t Au, 65 g/t Ag, 0.44% Cu, 3.49% Pb, and
10.23% Zn (Table 4)
- Prospecting along known structures and mineral indices
- Over 4-km potential strike identified at surface
- Five priority drill target zones identified
"Today's grab and channel sampling results confirm the potential
for a large polymetallic structure that could extend over four
kilometers at surface at Imiter bis. These initial high-grade
values confirm the prospectivity of Imiter bis and represent a
parallel growth opportunity to Zgounder, which continues to expand.
We are mobilizing to realize this value for all stakeholders," said
Benoit La Salle, President &
CEO.
Imiter bis Exploration
Following compilation of historical surface results earlier in
the year, a fieldwork program for Imiter bis, involving
mapping, grab sampling and channel sampling was carried out between
June and July 2021. Results to date,
combined with field observations, point to the potential for a
high-grade epithermal Au-Ag occurrence (Figure 1) as well as
porphyry or an IOCG copper-rich deposit (Figure 2). The geological
evidence thus far supports a historically very active volcanic
system accompanied by major hydrothermal activity within the
region; bi-modal volcanism with an andesitic sequence and a large
rhyolitic package; some granitic intrusions; and many mafic dykes
and faults. Topographic features and geology also suggest a large
caldera structure. Many samples returned strong Cu-Au-Ag
mineralization (Tables 1-4) and some significant Pb-Zn values,
which reinforce our belief in both the geological and economic
potential of the area.
The main low-sulfidation epithermal structure consists of a
quartz vein of approximately 1.5-meter to 2.0-meter thickness (at
surface) showing high epithermal-level and low-temperature textures
(massive, bladed, brecciated, comb textures and chalcedonic
quartz), suggesting the vein within the structure is above the
typical epithermal boiling point (banded, crustiform, and
colloform) where gold and silver values are expected to be higher.
The main structure extends over four kilometers in a north-south
direction. In addition, many other quartz veins are present around
the interpretated caldera system probably as splays of the main
structure. While direction and thickness vary, they all
mostly exhibit high-level epithermal textures as well as
significant Au-Ag anomalies. The major splay is oriented NE-SW and
extends over a strike of three kilometers.
Next Steps
The positive results helped to identify five priority target
areas (Figure 3). Three (Middle Zone, South Zone and Cu-rich Zone)
will be test drilled as of October
2021 with an approximately 4,000-meter diamond drilling
program. In addition, a detailed magnetic ground survey is ongoing
that will cover the most prospective area of the Imiter bis
property.
Quality Assurance
For channel sampling, all individual samples represent
approximately one meter in length horizontally, which was cut with
a portable saw and chipped with a hammer and chisel. Regular QA/QC
samples were introduced in the batch such as blank and certified
reference material. The samples were 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.
The exploration program was managed by David Lalonde, B. Sc, Head of Exploration,
Qualified Person, who 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 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 2020 Annual Information Form dated March 31, 2021, 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.
Table 1 – Significant 2021 and Historical Gold-bearing Grab
Sample Results from Imiter bis
Grab
Sample
|
Year
|
Au
(ppm)
|
Ag
(ppm)
|
Cu
(%)
|
22126
|
2021
|
15.42
|
1
|
0.00
|
22112
|
2021
|
9.22
|
4
|
0.17
|
22129
|
2021
|
5.3
|
8
|
0.00
|
22125
|
2021
|
4.03
|
4
|
0.00
|
169343
|
2021
|
3.96
|
8
|
0.30
|
IMSIS 35
|
2012
|
3.14
|
1
|
0.02
|
15691
|
2010
|
2.78
|
17
|
0.06
|
IMSIS 53
|
2012
|
2.49
|
3
|
0.01
|
IMSIS 44
|
2012
|
2.03
|
58
|
0.00
|
169119
|
2021
|
1.91
|
30
|
0.11
|
22110
|
2021
|
1.62
|
170
|
0.40
|
22115
|
2021
|
1.61
|
253
|
1.32
|
22122
|
2021
|
1.57
|
227
|
0.50
|
IMSIS 33
|
2012
|
1.55
|
49
|
0.14
|
IMSIS 26
|
2012
|
1.49
|
16
|
0.08
|
22118
|
2021
|
1.34
|
1
|
0.11
|
22109
|
2021
|
1.31
|
34
|
0.03
|
IMSIS 37
|
2012
|
1.24
|
22
|
0.01
|
IMSIS 48
|
2012
|
1.18
|
1
|
0.01
|
IMSIS 31
|
2012
|
0.93
|
416
|
0.00
|
169004
|
2021
|
0.88
|
48
|
5.51
|
169146
|
2021
|
0.82
|
257
|
0.04
|
Table 2 – Significant 2021 and Historical Silver-bearing Grab
Sample Results from Imiter bis
Grab
Sample
|
Year
|
Au
(ppm)
|
Ag
(ppm)
|
Cu
(%)
|
IMSIS 31
|
2012
|
0.93
|
416
|
0.00
|
IMSIS 24
|
2012
|
0.05
|
400
|
0.02
|
169282
|
2021
|
0.32
|
289
|
0.12
|
3
|
2010
|
0.00
|
285
|
0.34
|
169146
|
2021
|
0.82
|
257
|
0.04
|
22115
|
2021
|
1.61
|
253
|
1.32
|
22122
|
2021
|
1.57
|
227
|
0.50
|
22123
|
2021
|
0.60
|
200
|
0.03
|
22110
|
2021
|
1.62
|
170
|
0.40
|
IMSIS 32
|
2012
|
0.48
|
148
|
0.10
|
169122
|
2021
|
0.70
|
84
|
0.55
|
169330
|
2021
|
0.03
|
80
|
0.39
|
IMSIS 44
|
2012
|
2.03
|
58
|
0.00
|
IMSIS 27
|
2012
|
0.44
|
56
|
0.06
|
Table 3 – Significant 2021 and Historical Copper-bearing Grab
Sample Results from Imiter bis
Grab
Sample
|
Year
|
Au
(ppm)
|
Ag
(ppm)
|
Cu
(%)
|
4
|
2010
|
0.05
|
2
|
16.30
|
169004
|
2021
|
0.88
|
48
|
5.51
|
7
|
2010
|
0.05
|
8
|
3.98
|
22115
|
2021
|
1.61
|
253
|
1.32
|
169326
|
2021
|
0.03
|
2
|
1.08
|
22107
|
2021
|
0.21
|
4
|
0.88
|
22116
|
2021
|
0.54
|
4
|
0.64
|
169122
|
2021
|
0.70
|
84
|
0.55
|
22122
|
2021
|
1.57
|
227
|
0.50
|
Table 4 – Significant 2021 Channel Sampling Results from
Imiter bis
Channel
|
From
(m)
|
To
(m)
|
Length
(m)
|
Au
g/t
|
Ag
g/t
|
Cu
(%)
|
IM-TR21-001
|
4.20
|
5.00
|
0.80
|
1.09
|
23
|
0.08
|
IM-TR21-002
|
3.00
|
4.00
|
1.00
|
0.90
|
39
|
0.24
|
IM-TR21-014
|
3.00
|
3.50
|
0.50
|
0.67
|
6
|
0.12
|
IM-TR21-015
|
1.00
|
1.50
|
0.50
|
0.99
|
18
|
0.25
|
IM-TR21-019
|
1.30
|
2.00
|
0.70
|
1.39
|
1
|
0.01
|
IM-TR21-020
|
0.00
|
1.80
|
1.80
|
2.96
|
2
|
0.01
|
IM-TR21-021
|
0.70
|
1.80
|
1.10
|
4.83
|
3
|
0.01
|
IM-TR21-022
|
0.80
|
1.80
|
1.00
|
0.57
|
1
|
0.01
|
SOURCE Aya Gold & Silver
Inc