MONTREAL, Feb. 16, 2022 /CNW Telbec/ - Aya Gold & Silver Inc. (TSX: AYA)
("Aya" or the "Corporation") is pleased to report additional
high-grade assay results from the 2021 drill exploration program at
the Zgounder Silver Mine in the Kingdom of Morocco.
Key Highlights (all intersections are in core
lengths)
- High-grade extension of mineralisation at the 2,030 level by
DZG-SF-21-02, which intercepted 3,353 grams per tonne
("g/t") silver ("Ag") over 7.5m
including
-
- 19,173 g/t Ag over 0.5m
- 10,440 g/t Ag over 0.5m
- 10,029 g/t Ag over 0.5m
- 5,865 g/t Ag over 0.5m
- 1,498 g/t Ag over 0.5m
- Additionally, DZF-SF-21-02bis intercepted 1,995 g/t Ag
over 2.0m and 1,329 g/t Ag over
12.5m including
-
- 21,551 g/t Ag over 0.5m
- 5,355 g/t Ag over 0.5m
- Extension of eastern strike with DZG-21-18, which
intercepted 1,705 g/t Ag over 5.5m
"Today's high-grade drill results add multiple intersections of
exceptional grade and thickness that demonstrate the potential to
further expand the deposit laterally. In particular, hole
DZG-SF-21-02 struck a rich mineralised zone and ranks among our top
10 best intercepts. This intercept seems to form part of a larger
vertical zone of high-grade mineralisation as evidenced by hole
DZF-21-21-02bis, which hit silver 15 degrees above DZG-SF-21-02. We
look forward to following these results up with additional
drilling," said Benoit La Salle,
President & CEO.
Included in this release are results for 25 diamond drill holes
("DDH"), which include 13 DDH from surface and 12 underground
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-21-81
|
1.50
|
3.00
|
1.50
|
80
|
|
31.50
|
33.00
|
1.50
|
1,000
|
|
DZG-21-13
|
127.50
|
128.50
|
1.00
|
1,608
|
|
DZG-21-18
|
90.50
|
96.00
|
5.50
|
1,705
|
|
99.00
|
102.00
|
3.00
|
106
|
|
111.00
|
115.00
|
4.00
|
97
|
|
126.00
|
129.00
|
3.00
|
87
|
|
Underground
|
|
DZG-SF-21-02
|
1.50
|
4.50
|
3.00
|
184
|
|
24.50
|
32.00
|
7.50
|
3,353
|
|
Including
|
0.50
|
1,498
|
|
Including
|
0.50
|
10,440
|
|
Including
|
0.50
|
19,173
|
|
Including
|
0.50
|
10,029
|
|
Including
|
0.50
|
5,865
|
|
36.00
|
39.00
|
3.00
|
1,382
|
|
41.50
|
42.00
|
0.50
|
2,240
|
|
49.00
|
50.50
|
1.50
|
268
|
|
DZG-SF-21-02bis
|
1.50
|
3.50
|
2.00
|
1,995
|
|
26.50
|
39.00
|
12.50
|
1,329
|
|
Including
|
0.50
|
5,355
|
|
Including
|
0.50
|
21,551
|
|
42.00
|
43.50
|
1.50
|
153
|
|
57.50
|
59.00
|
1.50
|
587
|
|
|
|
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 meter 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 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.
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",
"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 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-21-80
|
1.50
|
7.50
|
6.00
|
330
|
|
10.50
|
13.50
|
3.00
|
860
|
|
ZG-21-81
|
1.50
|
3.00
|
1.50
|
80
|
|
31.50
|
33.00
|
1.50
|
1,000
|
|
ZG-21-82
|
34.50
|
36.00
|
1.50
|
76
|
|
89.00
|
90.00
|
1.00
|
308
|
|
ZG-21-83
|
18.50
|
20.00
|
1.50
|
168
|
|
ZG-21-84
|
21.00
|
22.50
|
1.50
|
80
|
|
ZG-21-85
|
17.50
|
19.00
|
1.50
|
78
|
|
22.00
|
23.00
|
1.00
|
349
|
|
ZG-21-86
|
12.50
|
15.50
|
3.00
|
514
|
|
33.00
|
36.00
|
3.00
|
180
|
|
DZG-21-13
|
127.50
|
128.50
|
1.00
|
1,608
|
|
DZG-21-14
|
96.00
|
98.00
|
2.00
|
128
|
|
101.00
|
102.00
|
1.00
|
128
|
|
123.50
|
127.50
|
4.00
|
636
|
|
DZG-21-15
|
83.50
|
87.00
|
3.50
|
303
|
|
98.00
|
99.50
|
1.50
|
504
|
|
132.50
|
134.00
|
1.50
|
692
|
|
DZG-21-17
|
121.50
|
124.00
|
2.50
|
126
|
|
134.50
|
137.50
|
3.00
|
122
|
|
DZG-21-18
|
90.50
|
96.00
|
5.50
|
1,705
|
|
99.00
|
102.00
|
3.00
|
106
|
|
111.00
|
115.00
|
4.00
|
97
|
|
126.00
|
129.00
|
3.00
|
87
|
|
DZG-21-22
|
53.50
|
54.50
|
1.00
|
76
|
|
|
|
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)
|
|
ZG-SF-21-110
|
27.00
|
28.50
|
1.50
|
129
|
|
34.50
|
39.00
|
4.50
|
657
|
|
47.00
|
48.00
|
1.00
|
108
|
|
78.50
|
79.50
|
1.00
|
112
|
|
82.50
|
87.00
|
4.50
|
136
|
|
114.50
|
119.00
|
4.50
|
184
|
|
121.50
|
122.50
|
1.00
|
101
|
|
DZG-SF-21-01
|
8.50
|
9.00
|
0.50
|
96
|
|
17.50
|
20.50
|
3.00
|
411
|
|
58.00
|
58.50
|
0.50
|
80
|
|
DZG-SF-21-01bis
|
5.00
|
7.00
|
2.00
|
124
|
|
13.50
|
14.00
|
0.50
|
84
|
|
DZG-SF-21-02
|
1.50
|
4.50
|
3.00
|
184
|
|
24.50
|
32.00
|
7.50
|
3,353
|
|
including
|
0.50
|
1,498
|
|
including
|
0.50
|
10,440
|
|
including
|
0.50
|
19,173
|
|
including
|
0.50
|
10,029
|
|
including
|
0.50
|
5,865
|
|
36.00
|
39.00
|
3.00
|
1,382
|
|
41.50
|
42.00
|
0.50
|
2,240
|
|
49.00
|
50.50
|
1.50
|
268
|
|
DZG-SF-21-02bis
|
1.50
|
3.50
|
2.00
|
1,995
|
|
26.50
|
39.00
|
12.50
|
1,329
|
|
including
|
0.50
|
5,355
|
|
including
|
0.50
|
21,551
|
|
42.00
|
43.50
|
1.50
|
153
|
|
57.50
|
59.00
|
1.50
|
587
|
|
DZG-SF-21-03
|
13.00
|
14.00
|
1.00
|
100
|
|
25.00
|
26.00
|
1.00
|
678
|
|
DZG-SF-21-04bis
|
8.00
|
13.00
|
5.00
|
447
|
|
22.50
|
24.00
|
1.50
|
163
|
|
53.00
|
54.50
|
1.50
|
152
|
|
69.50
|
71.00
|
1.50
|
92
|
|
DZG-SF-21-07
|
20.00
|
24.00
|
4.00
|
312
|
|
DZG-SF-21-09
|
39.00
|
40.50
|
1.50
|
120
|
|
DZG-SF-21-11bis
|
23.00
|
26.50
|
3.50
|
185
|
|
31.50
|
32.00
|
0.50
|
326
|
|
DZG-SF-21-13bis
|
29.50
|
30.00
|
0.50
|
106
|
|
DZG-SF-21-14
|
0.00
|
15.00
|
15.00
|
529
|
|
|
|
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