MONTREAL, April 12, 2022 /CNW Telbec/ - Aya Gold & Silver Inc. (TSX: AYA)
(OTCQX: AYASF) ("Aya" or the "Corporation") is pleased to report
drill results from its drill exploration program at the Zgounder
Silver Mine in the Kingdom of Morocco
Key Highlights (all intersections are in core
lengths)
- Increase of the production area below the 2,000 meter ("m") and
1,975m levels including
-
- T28-21-1988-272, which intercepted 1,039 grams per tonne
("g/t") silver ("Ag") over 26.4m;
- T28-21-R2-1988-664, which intercepted 1,492 g/t Ag over
4.8m; and
- T28-21-1988-275, which intercepted 1,564 g/t Ag over
3.6m and 315 g/t Ag over 1.2m
- Extension of the eastern strike by DZG-21-03, which
intercepted 1,284 g/t Ag over 6m
- Continued definition at the 1,975m level including
-
- T28-21-1975-387, which intercepted 2,280 g/t Ag over
6m;
- T28-21-1975-381bis, which intercepted 742 g/t Ag over
15.6m; and
- T28-21-1975-286, which intercepted 716 g/t Ag over
9.6m
"We are very pleased with today's results, which will contribute
meaningfully to our next resource estimate. Our infill drill
program continues to have terrific success, extending both
continuity and thickness between the 2,000 and 1,975 meter levels.
Highlight intercepts include hole T28-21-1988-272, which defined
significant silver mineralisation over 26 meters next to current
mine workings. Additionally, our step-out surface holes continue to
intersect high-grade mineralization, which is increasing the
resource envelope to the east," said Benoit
La Salle, President & CEO.
Included in this release are results for 76 underground diamond
drill holes ("DDH"), which include 5 surface, 15 underground DDH
and 56 T28 electric percussion holes. For a full summary of
today's results from the 2021 drill programs, 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
|
DZG-21-03
|
39.00
|
41.50
|
3.50
|
309
|
51.00
|
55.00
|
6.00
|
1,284
|
|
including
|
0.50
|
4,736
|
|
including
|
0.50
|
6,080
|
DZG-21-11
|
18.50
|
21.50
|
3.00
|
80
|
24.50
|
26.00
|
1.50
|
88
|
47.00
|
49.50
|
2.50
|
1,863
|
|
including
|
0.50
|
7,040
|
|
including
|
0.50
|
2,000
|
57.50
|
59.00
|
1.50
|
1,584
|
DZG-21-13
|
127.50
|
128.50
|
1.00
|
1,608
|
Underground
|
T28-21-1975-330
|
10.80
|
12.00
|
1.20
|
2,097
|
T28-21-1988-275
|
3.60
|
7.20
|
3.60
|
1,564
|
18.00
|
19.20
|
1.20
|
315
|
T28-21-1988-272
|
0.00
|
26.40
|
26.40
|
1,039
|
|
including
|
1.20
|
3,137
|
|
including
|
1.20
|
3,316
|
|
including
|
1.20
|
3,369
|
|
including
|
1.20
|
3,239
|
|
including
|
1.20
|
1,937
|
|
including
|
1.20
|
2,169
|
|
including
|
1.20
|
2,094
|
T28-21-R2-1988-664
|
2.40
|
7.20
|
4.80
|
1,492
|
|
including
|
1.20
|
1,557
|
|
including
|
1.20
|
2,401
|
|
including
|
1.20
|
1,715
|
T28-21-R2-1988-664bis
|
1.20
|
6.00
|
4.80
|
933
|
|
including
|
1.20
|
2,170
|
T28-21-1975
-286
|
15.60
|
25.20
|
9.60
|
716
|
|
including
|
1.20
|
1,097
|
|
including
|
1.20
|
1,087
|
|
including
|
1.20
|
1,078
|
T28-21-1975-378bis
|
15.60
|
16.80
|
1.20
|
208
|
22.80
|
26.40
|
3.60
|
1,312
|
|
including
|
1.20
|
1,594
|
|
including
|
1.20
|
1,739
|
T28-21-1975-387
|
0.00
|
6.00
|
6.00
|
2,280
|
|
including
|
1.20
|
2,769
|
|
including
|
1.20
|
1,589
|
|
including
|
1.20
|
6,583
|
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.
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 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)
|
DZG-21-03
|
39.00
|
41.50
|
3.50
|
309
|
51.00
|
55.00
|
6.00
|
1,284
|
|
|
including
|
0.50
|
4,736
|
|
|
including
|
0.50
|
6,080
|
DZG-21-10
|
19.50
|
23.50
|
4.00
|
195
|
68.00
|
69.00
|
1.00
|
128
|
DZG-21-11
|
18.50
|
21.50
|
3.00
|
80
|
24.50
|
26.00
|
1.50
|
88
|
47.00
|
49.50
|
2.50
|
1,863
|
|
including
|
0.50
|
7,040
|
|
including
|
0.50
|
2,000
|
57.50
|
59.00
|
1.50
|
1,584
|
DZG-21-12
|
33.00
|
34.50
|
1.50
|
116
|
DZG-21-13
|
127.50
|
128.50
|
1.00
|
1,608
|
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-22-16
|
6.00
|
7.00
|
1.00
|
156
|
14.50
|
15.00
|
0.50
|
256
|
19.50
|
22.50
|
3.00
|
210
|
DZG-SF-22-17
|
21.50
|
23.00
|
1.50
|
192
|
35.00
|
39.50
|
4.50
|
340
|
57.00
|
58.50
|
1.50
|
79
|
59.00
|
60.00
|
1.00
|
76
|
DZG-SF-22-18
|
3.50
|
9.50
|
6.00
|
173
|
DZG-SF-22-21
|
9.50
|
11.00
|
1.50
|
209
|
DZG-SF-22-23
|
10.00
|
11.00
|
1.00
|
80
|
DZG-SF-22-24
|
18.50
|
19.00
|
0.50
|
76
|
DZG-SF-22-26
|
7.00
|
10.00
|
3.00
|
96
|
18.00
|
19.50
|
1.50
|
81
|
22.50
|
25.50
|
3.00
|
136
|
DZG-SF-22-27
|
76.00
|
77.50
|
1.50
|
76
|
DZG-SF-22-29
|
17.00
|
20.50
|
3.50
|
85
|
30.50
|
31.10
|
0.60
|
76
|
DZG-SF-22-36
|
18.00
|
19.50
|
1.50
|
76
|
24.00
|
25.50
|
1.50
|
480
|
DZG-SF-22-38
|
33.50
|
34.00
|
0.50
|
248
|
55.00
|
56.00
|
1.00
|
77
|
DZG-SF-22-40
|
18.00
|
19.00
|
1.00
|
204
|
DZG-SF-22-42
|
68.50
|
69.50
|
1.00
|
230
|
DZG-SF-22-46
|
18.50
|
20.00
|
1.50
|
172
|
DZG-SF-22-47
|
7.50
|
9.00
|
1.50
|
100
|
T28 Drilling
|
T28-21-1975-330
|
10.80
|
12.00
|
1.20
|
2,097
|
T28-21-1975-333
|
0.00
|
2.40
|
2.40
|
104
|
7.20
|
12.00
|
4.80
|
408
|
T28-21-1975-330bis
|
4.80
|
6.00
|
1.20
|
229
|
10.80
|
12.00
|
1.20
|
85
|
T28-21-1975-333bis
|
0.00
|
3.60
|
3.60
|
564
|
7.20
|
12.00
|
4.80
|
247
|
T28-21-1975-336
|
0.00
|
1.20
|
1.20
|
89
|
3.60
|
4.80
|
1.20
|
80
|
7.20
|
8.40
|
1.20
|
97
|
T28-21-1975-335bis
|
9.60
|
15.60
|
6.00
|
837
|
20.40
|
26.40
|
6.00
|
128
|
T28-21-1975-342
|
0.00
|
3.60
|
3.60
|
569
|
19.20
|
22.80
|
3.60
|
288
|
T28-21-1975-342bis
|
1.20
|
3.60
|
2.40
|
192
|
T28-21-1975-337
|
18.00
|
21.60
|
3.60
|
123
|
T28-21-1975-337bis
|
9.60
|
12.00
|
2.40
|
931
|
T28-21-1975-340
|
21.60
|
22.80
|
1.20
|
234
|
T28-21-21975-364bis
|
14.40
|
15.60
|
1.20
|
128
|
T28-21-1975-372bis
|
2.40
|
3.60
|
1.20
|
404
|
T28-21-1975-372
|
4.80
|
6.00
|
1.20
|
164
|
|
14.40
|
15.60
|
1.20
|
84
|
T28-21-1988-376
|
0.00
|
3.60
|
3.60
|
148
|
T28-21-1975-382bis
|
6.00
|
7.20
|
1.20
|
192
|
T28-21-1975-366
|
12.00
|
15.60
|
3.60
|
208
|
25.20
|
26.40
|
1.20
|
320
|
T28-21-2000-363
|
9.60
|
10.80
|
1.20
|
136
|
T28-21-1975-379bis
|
12.00
|
13.20
|
1.20
|
87
|
T28-21-1988-275
|
3.60
|
7.20
|
3.60
|
1,564
|
18.00
|
19.20
|
1.20
|
315
|
T28-21-1988-275bis
|
3.60
|
6.00
|
2.40
|
485
|
T28-21-1975-277bis
|
24.00
|
25.20
|
1.20
|
168
|
T28-21-1988-272
|
0.00
|
26.40
|
26.40
|
1,039
|
|
including
|
1.20
|
3,137
|
|
including
|
1.20
|
3,316
|
|
including
|
1.20
|
3,369
|
|
including
|
1.20
|
3,239
|
|
including
|
1.20
|
1,937
|
|
including
|
1.20
|
2,169
|
|
including
|
1.20
|
2,094
|
T28-21-1988-273
|
2.40
|
3.60
|
1.20
|
241
|
9.60
|
10.80
|
1.20
|
317
|
T28-21-1988-273bis
|
9.60
|
10.80
|
1.20
|
289
|
T28-21-1988-274
|
0.00
|
3.60
|
3.60
|
169
|
T28-21-2000-302bis
|
0.00
|
7.20
|
7.20
|
454
|
T28-21-2000-303
|
0.00
|
2.40
|
2.40
|
89
|
10.80
|
12.00
|
1.20
|
78
|
T28-21-2000-303bis
|
0.00
|
2.40
|
2.40
|
95
|
T28-21-2125-431
|
4.80
|
6.00
|
1.20
|
720
|
T28-21-2125-444
|
8.40
|
9.60
|
1.20
|
190
|
T28-21-2125-447
|
20.40
|
25.20
|
4.80
|
277
|
T28-21-2125-447bis
|
3.60
|
6.00
|
2.40
|
114
|
T28-21-2125-448
|
15.60
|
20.40
|
4.80
|
235
|
T28-21-R1-1988-650bis
|
24.00
|
26.40
|
2.00
|
474
|
T28-21-R1-1988-656
|
3.60
|
4.80
|
1.00
|
168
|
13.20
|
15.60
|
2.00
|
360
|
T28-21-R1-1988-658
|
7.20
|
9.60
|
2.40
|
255
|
13.20
|
14.40
|
1.20
|
306
|
19.20
|
21.60
|
2.00
|
96
|
T28-21-R1-1988-656bis
|
3.60
|
4.80
|
1.20
|
372
|
15.60
|
16.80
|
1.20
|
76
|
T28-21-R1-1988-659
|
13.20
|
14.40
|
1.20
|
130
|
T28-21-R2-1988-664
|
2.40
|
7.20
|
4.80
|
1,492
|
|
including
|
1.20
|
1,557
|
|
including
|
1.20
|
2,401
|
|
including
|
1.20
|
1,715
|
T28-21-R2-1988-664bis
|
1.20
|
6.00
|
4.80
|
933
|
|
including
|
1.20
|
2,170
|
T28-21-1975
-283
|
8.40
|
15.60
|
7.20
|
441
|
19.20
|
20.40
|
1.20
|
83
|
T28-21-1975
-284
|
15.60
|
19.20
|
3.60
|
309
|
T28-21-1975
-285
|
3.60
|
7.20
|
3.60
|
86
|
15.60
|
25.20
|
9.60
|
229
|
T28-21-1975
-286
|
15.60
|
25.20
|
9.60
|
716
|
|
|
including
|
1.20
|
1,097
|
|
including
|
1.20
|
1,087
|
|
including
|
1.20
|
1,078
|
T28-21-1975-375
|
10.80
|
12.00
|
1.20
|
111
|
14.40
|
16.80
|
2.40
|
228
|
24.00
|
26.40
|
2.40
|
79
|
T28-21-1975-377
|
18.00
|
21.60
|
3.60
|
227
|
T28-21-1975-378bis
|
15.60
|
16.80
|
1.20
|
208
|
22.80
|
26.40
|
3.60
|
1,312
|
|
including
|
1.20
|
1,594
|
|
including
|
1.20
|
1,739
|
T28-21-1975-379
|
7.20
|
8.40
|
1.20
|
404
|
T28-21-1975-381
|
10.80
|
26.40
|
15.60
|
336
|
T28-21-1975-381bis
|
10.80
|
26.40
|
15.60
|
742
|
T28-21-1975-384
|
22.80
|
26.40
|
3.60
|
196
|
T28-21-1975-386
|
6.00
|
7.20
|
1.20
|
107
|
T28-21-1975-387
|
0.00
|
6.00
|
6.00
|
2,280
|
|
including
|
1.20
|
2,769
|
|
including
|
1.20
|
1,589
|
|
including
|
1.20
|
6,583
|
T28-21-1975-387bis
|
7.20
|
8.40
|
1.20
|
772
|
T28-21-1975-388bis
|
21.60
|
22.80
|
1.20
|
168
|
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