MONTREAL, Oct. 5, 2021 /CNW Telbec/ - Aya Gold & Silver Inc. (TSX: AYA)
("Aya" or the "Corporation") is pleased to report additional
underground silver assay results from its 2021 drill exploration
program at the Zgounder Silver Mine in the Kingdom of Morocco.
Key Highlights (all intersections are in core
lengths)
T28 percussion holes were carried out in three areas located at
the 1,975 meters ("m"), 2,100m and
2,125m levels to the east:
- At the 2,125m level, continuation
of the eastern trend at depth by T28-21-2125-203 which
encountered 2,417 grams per tonne ("g/t") silver ("Ag") over
12m including:
-
- 13,727 g/t Ag over 1.2m
- 3,029 g/t Ag over 1.2m
- 4,808 g/t Ag over 1.2m
- 1,370 g/t Ag over 1.2m
- At the 2,100m level, validation
of the vertical continuity with high-grade intercepts such as
T28-21-2100-188bis, which generated 480 g/t Ag over
13.2m including
-
- 2,151 g/t Ag over 1.2m
- 2,113 g/t Ag over 1.2m
- At the 1,975m level, extension of
high-grade underground mineralization in a previously untested area
below current operations with T28-21-1975-253, which
returned 3,272 g/t Ag over 7.2m and
with T28-21-1975-253bis which intersected 3,101 g/t Ag over
7.2m including
-
- 13,671 g/t Ag over 1.2m
- 3,680 g/t Ag over 1.2m
- Ongoing definition of high-grade mineralisation below current
mine operations with ZG-21-45, which returned 1,030 g/t Ag
over 4.5m and 537 g/t Ag over
5.0m
"We are delighted with today's results, which continue to
demonstrate Zgounder's high-grade potential at depth. In
particular, holes T28-21-2125-203, T28-21-1975-253 and
T28-21-1975-253bis rank among our top all-time best drill
intercepts at Zgounder on a grade by thickness basis. These newly
drilled high-grade mineralized pods located below the current
mining galleries validate continuity at depth and to the east at
Zgounder," said Benoit La Salle,
President & CEO.
Included in this release are results for 70 diamond drill holes
("DDH"), which include three DDH from surface and 67 underground
percussion holes. For a full summary of today's results from the
2021 drill program, refer to Appendix 1 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-21-45
|
115.00
|
116.00
|
1.00
|
252
|
147.50
|
148.00
|
0.50
|
124
|
165.00
|
169.50
|
4.50
|
1,030
|
176.00
|
176.50
|
0.50
|
84
|
181.00
|
181.50
|
0.50
|
288
|
184.00
|
184.50
|
0.50
|
242
|
187.00
|
192.00
|
5.00
|
537
|
|
including
|
0.50
|
1,126
|
|
including
|
0.50
|
3,200
|
Underground
|
T28-21-1975-225
|
2.40
|
8.40
|
6.00
|
748
|
|
including
|
1.20
|
1,511
|
|
including
|
1.20
|
1,122
|
T28-21-1975-230
|
0.00
|
2.40
|
2.40
|
102
|
6.00
|
8.40
|
2.40
|
692
|
12.00
|
13.20
|
1.20
|
256
|
19.20
|
24.00
|
4.80
|
817
|
|
including
|
1.20
|
1,287
|
T28-21-1975-231
|
0.00
|
2.40
|
2.40
|
1,033
|
13.20
|
14.40
|
1.20
|
144
|
T28-21-1975-236
|
4.80
|
18.00
|
13.20
|
966
|
|
including
|
1.20
|
5,543
|
|
including
|
1.20
|
1,691
|
|
including
|
1.20
|
1,303
|
21.60
|
22.80
|
1.20
|
96
|
T28-21-1975-242bis
|
15.60
|
18.00
|
2.40
|
1,876
|
T28-21-1975-252
|
0.00
|
3.60
|
3.60
|
3,306
|
|
including
|
1.20
|
6,883
|
T28-21-1975-252bis
|
0.00
|
2.40
|
2.40
|
1,188
|
T28-21-1975-253
|
0.00
|
7.20
|
7.20
|
3,272
|
9.60
|
10.80
|
1.20
|
80
|
24.00
|
26.40
|
2.40
|
148
|
T28-21-1975-253bis
|
0.00
|
7.20
|
7.20
|
3,101
|
|
including
|
1.20
|
13,671
|
|
including
|
1.20
|
3,680
|
10.80
|
12.00
|
1.20
|
92
|
18.00
|
19.20
|
1.20
|
132
|
24.00
|
26.40
|
2.40
|
89
|
T28-21-1975-259
|
6.00
|
10.80
|
4.80
|
824
|
T28-21-1975-259bis
|
4.80
|
6.00
|
1.20
|
181
|
8.40
|
12.00
|
3.60
|
1,270
|
14.40
|
16.80
|
2.40
|
231
|
T28-21-1975-260bis
|
2.40
|
12.00
|
9.60
|
622
|
22.80
|
24.00
|
1.20
|
83
|
T28-21-1975-261bis
|
6.00
|
19.20
|
13.20
|
521
|
T28-21-2100-188bis
|
8.40
|
21.60
|
13.20
|
480
|
|
including
|
1.20
|
2,151
|
|
including
|
1.20
|
2,113
|
T28-21-2125-198
|
12.00
|
18.00
|
6.00
|
898
|
T28-21-2125-203
|
7.20
|
8.40
|
1.20
|
177
|
12.00
|
24.00
|
12.00
|
2,417
|
|
including
|
1.20
|
13,727
|
|
including
|
1.20
|
3,029
|
|
including
|
1.20
|
4,808
|
|
including
|
1.20
|
1,370
|
T28-21-2125-206
|
0.00
|
2.40
|
2.40
|
143
|
4.80
|
9.60
|
4.80
|
2,401
|
T28-21-2125-217
|
4.80
|
7.20
|
2.40
|
111
|
13.20
|
20.40
|
7.20
|
404
|
T28-21-2125-221
|
7.20
|
9.60
|
2.40
|
1,401
|
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.
|
Figure 1: Location of DDH Results at Zgounder from Surface and
Underground Drilling as per Appendixes 1 & 2
Quality Assurance
For core drilling, all individual samples represent
approximately one meter in length of core, which is halved
(1.2m length for T28 percussion
samples). For core material, 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.
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.
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 "continue",
"expand", "potential", "plans", "expects", "believe", "intend", 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 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.
Appendix 1 – Mineral Intercepts from Surface Drilling at
Zgounder (core lengths)
Hole
No.
|
From
(m)
|
To
(m)
|
Length1
(m)
|
Ag2
(g/t)
|
ZG-21-44
|
98.00
|
99.00
|
1.00
|
216
|
198.00
|
200.00
|
2.00
|
203
|
ZG-21-45
|
115.00
|
116.00
|
1.00
|
252
|
147.50
|
148.00
|
0.50
|
124
|
165.00
|
169.50
|
4.50
|
1,030
|
176.00
|
176.50
|
0.50
|
84
|
181.00
|
181.50
|
0.50
|
288
|
184.00
|
184.50
|
0.50
|
242
|
187.00
|
192.00
|
5.00
|
537
|
|
including
|
0.50
|
1,126
|
|
including
|
0.50
|
3,200
|
ZG-21-48
|
24.00
|
30.00
|
6.00
|
169
|
33.50
|
37.50
|
4.00
|
142
|
104.00
|
106.00
|
2.00
|
167
|
111.50
|
112.50
|
1.00
|
694
|
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)
|
T28-21-1975-225
|
2.40
|
8.40
|
6.00
|
748
|
|
including
|
1.20
|
1,511
|
|
including
|
1.20
|
1,122
|
T28-21-1975-227
|
7.20
|
8.40
|
1.20
|
112
|
T28-21-1975-228
|
20.40
|
21.60
|
1.20
|
110
|
T28-21-1975-229
|
19.20
|
24.00
|
4.80
|
672
|
T28-21-1975-230
|
0.00
|
2.40
|
2.40
|
102
|
6.00
|
8.40
|
2.40
|
692
|
12.00
|
13.20
|
1.20
|
256
|
19.20
|
24.00
|
4.80
|
817
|
|
including
|
1.20
|
1,287
|
T28-21-1975-231
|
0.00
|
2.40
|
2.40
|
1,033
|
13.20
|
14.40
|
1.20
|
144
|
T28-21-1975-232
|
9.60
|
10.80
|
1.20
|
108
|
14.40
|
15.60
|
1.20
|
156
|
T28-21-1975-233
|
12.00
|
13.20
|
1.20
|
88
|
T28-21-1975-234
|
12.00
|
13.20
|
1.20
|
140
|
T28-21-1975-235
|
0.00
|
1.20
|
1.20
|
640
|
T28-21-1975-236
|
4.80
|
18.00
|
13.20
|
966
|
|
including
|
1.20
|
5,543
|
|
including
|
1.20
|
1,691
|
|
including
|
1.20
|
1,303
|
21.60
|
22.80
|
1.20
|
96
|
T28-21-1975-236bis
|
1.20
|
2.40
|
1.20
|
102
|
7.20
|
9.60
|
2.40
|
220
|
20.40
|
21.60
|
1.20
|
128
|
T28-21-1975-237
|
4.80
|
6.00
|
1.20
|
208
|
10.80
|
12.00
|
1.20
|
168
|
T28-21-1975-237bis
|
8.40
|
9.60
|
1.20
|
96
|
T28-21-1975-239
|
8.40
|
10.80
|
2.40
|
92
|
T28-21-1975-240
|
9.60
|
10.80
|
1.20
|
164
|
T28-21-1975-240bis
|
15.60
|
18.00
|
2.40
|
114
|
T28-21-1975-242bis
|
15.60
|
18.00
|
2.40
|
1,876
|
T28-21-1975-243bis
|
12.00
|
13.20
|
1.20
|
140
|
T28-21-1975-244
|
0.00
|
2.40
|
2.40
|
322
|
4.80
|
6.00
|
1.20
|
79
|
T28-21-1975-246
|
10.80
|
12.00
|
1.20
|
280
|
T28-21-1975-246bis
|
0.00
|
3.60
|
3.60
|
126
|
4.80
|
6.00
|
1.20
|
98
|
12.00
|
13.20
|
1.20
|
124
|
20.40
|
26.40
|
6.00
|
370
|
T28-21-1975-247
|
13.20
|
14.40
|
1.20
|
12
|
T28-21-1975-248
|
0.00
|
2.40
|
2.40
|
320
|
7.20
|
8.40
|
1.20
|
174
|
T28-21-1975-249
|
4.80
|
6.00
|
1.20
|
733
|
8.40
|
10.80
|
2.40
|
113
|
24.00
|
25.20
|
1.20
|
77
|
T28-21-1975-249bis
|
6.00
|
10.80
|
4.80
|
638
|
20.40
|
22.80
|
2.40
|
170
|
T28-21-1975-250
|
0.00
|
2.40
|
2.40
|
76
|
T28-21-1975-251bis
|
6.00
|
7.20
|
1.20
|
150
|
T28-21-1975-252
|
0.00
|
3.60
|
3.60
|
3,306
|
|
including
|
1.20
|
6,883
|
T28-21-1975-252bis
|
0.00
|
2.40
|
2.40
|
1,188
|
T28-21-1975-253
|
0.00
|
7.20
|
7.20
|
3,272
|
9.60
|
10.80
|
1.20
|
80
|
24.00
|
26.40
|
2.40
|
148
|
T28-21-1975-253bis
|
0.00
|
7.20
|
7.20
|
3,101
|
|
including
|
1.20
|
13,671
|
|
including
|
1.20
|
3,680
|
10.80
|
12.00
|
1.20
|
92
|
18.00
|
19.20
|
1.20
|
132
|
24.00
|
26.40
|
2.40
|
89
|
T28-21-1975-254
|
18.00
|
20.40
|
2.40
|
225
|
T28-21-1975-254bis
|
16.80
|
20.40
|
3.60
|
312
|
T28-21-1975-255
|
6.00
|
7.20
|
1.20
|
310
|
T28-21-1975-255bis
|
9.60
|
10.80
|
1.20
|
104
|
6.00
|
10.80
|
4.80
|
167
|
T28-21-1975-256
|
13.20
|
15.60
|
2.40
|
144
|
T28-21-1975-256bis
|
6.00
|
7.20
|
1.20
|
356
|
T28-21-1975-258
|
2.40
|
4.80
|
2.40
|
300
|
T28-21-1975-258bis
|
10.80
|
13.20
|
2.40
|
330
|
T28-21-1975-259
|
6.00
|
10.80
|
4.80
|
824
|
T28-21-1975-259bis
|
4.80
|
6.00
|
1.20
|
181
|
8.40
|
12.00
|
3.60
|
1,270
|
14.40
|
16.80
|
2.40
|
231
|
T28-21-1975-260bis
|
2.40
|
12.00
|
9.60
|
622
|
22.80
|
24.00
|
1.20
|
83
|
T28-21-1975-261bis
|
6.00
|
19.20
|
13.20
|
521
|
T28-21-2100-185bis
|
2.40
|
3.60
|
1.20
|
89
|
T28-21-2100-186bis
|
0.00
|
2.40
|
2.40
|
182
|
|
4.80
|
9.60
|
4.80
|
149
|
T28-21-2100-187
|
2.40
|
4.80
|
2.40
|
242
|
T28-21-2100-187bis
|
2.40
|
4.80
|
2.40
|
117
|
16.80
|
21.60
|
4.80
|
524
|
T28-21-2100-188
|
12.00
|
21.60
|
9.60
|
614
|
T28-21-2100-188bis
|
8.40
|
21.60
|
13.20
|
480
|
|
including
|
1.20
|
2,151
|
|
including
|
1.20
|
2,113
|
T28-21-2100-189
|
12.00
|
13.20
|
1.20
|
193
|
T28-21-2100-189bis
|
13.20
|
14.40
|
1.20
|
112
|
T28-21-2125-160
|
20.40
|
22.80
|
2.40
|
816
|
T28-21-2125-190
|
0.00
|
2.40
|
2.40
|
156
|
T28-21-2125-198
|
12.00
|
18.00
|
6.00
|
898
|
T28-21-2125-203
|
7.20
|
8.40
|
1.20
|
177
|
12.00
|
24.00
|
12.00
|
2,417
|
|
including
|
1.20
|
13,727
|
|
including
|
1.20
|
3,029
|
|
including
|
1.20
|
4,808
|
|
including
|
1.20
|
1,370
|
T28-21-2125-204
|
20.40
|
22.80
|
2.40
|
267
|
T28-21-2125-205
|
7.20
|
8.40
|
1.20
|
83
|
T28-21-2125-206
|
0.00
|
2.40
|
2.40
|
143
|
4.80
|
9.60
|
4.80
|
2,401
|
T28-21-2125-209
|
1.20
|
4.80
|
3.60
|
235
|
7.20
|
9.60
|
2.40
|
107
|
12.00
|
13.20
|
1.20
|
329
|
18.00
|
19.20
|
1.20
|
84
|
T28-21-2125-211
|
6.00
|
8.40
|
2.40
|
79
|
T28-21-2125-214
|
1.20
|
3.60
|
2.40
|
632
|
T28-21-2125-215
|
6.00
|
7.20
|
1.20
|
75
|
10.80
|
15.60
|
4.80
|
266
|
19.20
|
21.60
|
2.40
|
147
|
16.80
|
20.40
|
3.60
|
628
|
T28-21-2125-217
|
4.80
|
7.20
|
2.40
|
111
|
13.20
|
20.40
|
7.20
|
404
|
T28-21-2125-218
|
0.00
|
2.40
|
2.40
|
339
|
T28-21-2125-220
|
20.40
|
21.60
|
1.20
|
103
|
T28-21-2125-221
|
7.20
|
9.60
|
2.40
|
1,401
|
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