Adds New Exploration Permit at Boumadine

MONTREAL, Sept. 18, 2023 /CNW/ - Aya Gold & Silver Inc. (TSX: AYA) (OTCQX: AYASF) ("Aya" or the "Corporation") is pleased to announce new high-grade exploration drill results at Boumadine and acquisition of a new adjacent exploration permit at Boumadine in the Kingdom of Morocco. The new results extend the main mineralized trend by 400 meters and continue to demonstrate continuity of the Boumadine Main Zone. The north area returned high-grade intersections, which expand the mineralization both at depth and to the north, with section 5400N to the south extending Boumadine Main trend as well. The Main Zone remains open in all directions.

Key Highlights1
  • Definition of new high-grade mineralization and extension of the South Zone. The Main Zone now has an open-ended strike length of over 4.2 kilometres ("km").
    • BOU-DD23-143 intersected 1,410 grams per tonne ("g/t") silver equivalent ("AgEq") over 9.3 meters ("m") (12.34 g/t Au, 94 g/t Ag, 2.5% Zn, 0.4% Pb and 0.1% Cu) including 6.1m at 1,796 g/t AgEq
    • BOU-DD23-161 intersected 664 g/t AgEq over 8.4m (4.72 g/t Au, 122 g/t Ag, 1.1% Zn, 0.2% Pb and 0.3% Cu), including 3.9m at 1,280 g/t AgEq and 3.2m at 933 g/t AgEq
    • BOU-DD23-168 intersected 698 g/t AgEq over 7.8m (4.36 g/t Au, 97 g/t Ag, 2.4% Zn, 1.3% Pb and 0.2% Cu), including 3.0m at 1,336 g/t AgEq
    • BOU-DD23-152 intersected 928 g/t AgEq over 5.9m (7.42 g/t Au, 153 g/t Ag, 0.3% Zn, 1.7% Pb and 0.1% Cu), including 4.9m at 1,056 g/t AgEq
    • BOU-DD23-162 intersected 748 g/t AgEq over 7.2m (6.39 g/t Au, 82 g/t Ag, 0.8% Zn, 0.4% Pb and 0.1% Cu), including 1.3m at 1,661 g/t AgEq and 3.2m at 933 g/t AgEq
    • BOU-DD23-148 intersected 456 g/t AgEq over 10.4m (2.63 g/t Au, 64 g/t Ag, 2.4% Zn, 0.1% Pb and 0.1% Cu), including 2.3m at 1,195 g/t AgEq
  • Acquisition of a 16 km² exploration permit east of Boumadine as part of a reallocation of exploration permits by the Moroccan Directorate of Mines.
  • A video of the Boumadine property showing drilling results to August 2023 can be viewed here.

"Today's high-grade drill results at Boumadine confirm the continuity and extension of the mineralized footprint of the Main Zone in every direction," said Benoit La Salle, President & CEO. "We have completed 61% of our expanded drill exploration program and as the new Boumadine video shows, extended the Boumadine strike length by over 55% to 4.2 kilometers in the past 12 months. We have also added prime exploration ground nearby and continue to consolidate and drill the property, which will deliver value for all stakeholders."

_____________________________

1 All intersections are in core lengths; Ag equivalent is based on a 100% recovery with the following ratios: 1g/t Au: 93.4 g/t Ag; 1% Cu: 130.4 g/t Ag; 1% Pb: 31.8 g/t Ag; 1% Zn: 54.1 g/t Ag

Table 1 – Significant Intercepts from Boumadine Drill Exploration Program (Core Lengths)

DDH No.

Section

From
(m)

To
(m)

Au
(g/t)

Ag
(g/t)

Length*
(m)

Cu
(%)

Pb
(%)

Zn
(%)

Mo
(g/t)

Ag Eq**
(g/t)

BOU-DD23-126

7000N

297.5

298.1

21.67

37

0.6

0.2

0.1

0.0

3

2083

BOU-DD23-138

8775N

79.3

90.0

1.49

35

10.7

0.1

0.3

1.3

12

266

Including

86.7

89.0

5.14

90

2.3

0.2

0.7

4.1

30

839

BOU-DD23-139

7925N

251.9

253.0

9.60

29

1.1

0.0

0.2

0.9

6

985

BOU-DD23-139

7925N

251.9

253.8

6.36

23

1.9

0.0

0.4

0.8

7

675

BOU-DD23-139

7925N

512.3

521.1

2.45

20

8.8

0.1

0.1

0.2

4

279

Including

512.3

514.7

6.66

37

2.4

0.1

0.3

0.2

5

698

BOU-DD23-140

8775N

36.7

43.0

0.66

34

6.3

0.0

0.4

3.9

6

321

Including

37.8

38.4

2.80

126

0.6

0.1

2.0

26.2

6

1875

BOU-DD23-140

8775N

50.3

52.5

3.04

71

2.2

0.0

0.4

6.7

70

737

BOU-DD23-140

8775N

75.0

78.4

1.15

43

3.4

0.0

0.7

2.7

51

324

BOU-DD23-140

8775N

145.4

147.8

3.13

123

2.4

0.2

0.3

1.1

13

515

BOU-DD23-141

7550N

184.3

186.8

2.85

39

2.5

0.3

0.6

0.3

10

384

BOU-DD23-143

8775N

32.6

36.6

3.11

106

4.0

0.0

0.8

0.0

20

427

BOU-DD23-143

8775N

46.6

58.0

0.84

68

11.4

0.0

0.5

1.8

34

263

Including

55.1

57.0

3.43

68

1.9

0.0

1.1

5.6

34

732

BOU-DD23-143

8775N

131.9

140.7

0.96

27

8.8

0.1

0.7

4.5

48

397

Including

137.0

138.2

3.21

44

1.2

0.1

0.5

7.6

50

779

BOU-DD23-143

8775N

199.4

205.7

0.51

30

6.3

0.0

1.6

3.0

21

294

BOU-DD23-143

8775N

214.6

223.9

12.34

94

9.3

0.1

0.4

2.5

26

1410

Including

217.2

223.3

16.04

122

6.1

0.2

0.3

2.6

27

1796

BOU-DD23-143

8775N

267.3

270.4

1.55

71

3.1

0.4

1.3

0.4

15

336

Including

267.3

268.7

3.08

128

1.4

0.9

2.2

0.7

19

645

BOU-DD23-143

8775N

299.9

303.4

4.31

56

3.5

0.1

0.5

0.0

112

497

Including

299.9

301.3

8.93

83

1.4

0.3

0.7

0.0

217

986

BOU-DD23-146

8775N

169.0

171.1

1.06

86

2.1

0.1

4.9

8.3

19

802

BOU-DD23-146

8775N

326.2

329.5

3.89

69

3.3

0.1

0.4

1.8

21

554

Including

326.2

328.3

5.44

82

2.1

0.1

0.3

1.6

23

704

BOU-DD23-148

8125N

215.4

225.8

2.63

64

10.4

0.1

0.1

2.4

7

456

Including

221.5

223.8

5.50

182

2.3

0.2

0.3

8.5

3

1195

BOU-DD23-152

8775N

195.3

197.6

1.05

88

2.3

0.1

3.7

6.4

8

660

BOU-DD23-152

8775N

207.8

213.7

1.02

123

5.9

0.0

3.5

5.7

7

645

BOU-DD23-152

8775N

270.1

276.0

7.42

153

5.9

0.1

1.7

0.3

14

928

Including

270.1

275.0

8.52

175

4.9

0.1

2.0

0.2

12

1056

BOU-DD23-152

8775N

350.7

352.7

5.12

89

2.0

0.5

0.4

0.5

18

666

BOU-DD23-155

8325N

30.2

33.5

2.71

275

3.3

0.1

1.5

9.4

103

1103

BOU-DD23-156

8675N

101.6

114.3

1.49

36

12.7

0.1

0.5

1.7

15

297

Including

101.6

103.0

5.96

110

1.4

0.5

0.5

2.2

13

872

BOU-DD23-157

8125N

254.3

256.1

4.37

69

1.8

0.3

0.1

0.4

23

543

BOU-DD23-158

8325N

113.9

117.2

1.87

44

3.3

0.1

0.9

8.4

6

720

BOU-DD23-158

8325N

168.9

171.0

3.68

31

2.1

0.1

0.5

0.6

6

432

BOU-DD23-160

8675N

27.4

29.7

1.56

233

2.3

0.1

1.0

8.9

35

902

BOU-DD23-160

8675N

39.9

41.6

1.56

151

1.7

0.0

2.3

10.7

19

954

BOU-DD23-160

8675N

162.8

165.7

2.31

135

2.9

0.2

0.8

1.3

11

468

BOU-DD23-161

8325N

186.9

195.3

4.72

122

8.4

0.3

0.2

1.1

6

664

Including

190.4

194.3

8.81

248

3.9

0.5

0.5

2.3

6

1280

BOU-DD23-162

8675N

66.2

70.8

1.06

52

4.6

0.0

0.1

2.5

237

308

BOU-DD23-162

8675N

80.9

88.8

0.92

74

7.9

0.0

0.3

1.5

119

260

Including

81.8

85.7

1.16

132

3.9

0.0

0.6

2.6

175

414

BOU-DD23-162

8675N

114.9

120.4

0.27

70

5.5

0.0

0.9

6.0

5

450

BOU-DD23-162

8675N

128.3

129.9

2.57

112

1.6

0.2

4.4

22.2

8

1712

BOU-DD23-162

8675N

190.6

194.8

2.00

205

4.2

0.2

0.2

0.2

4

437

BOU-DD23-162

8675N

237.2

244.4

6.39

82

7.2

0.1

0.4

0.8

8

748

Including

238.4

239.7

14.04

214

1.3

0.3

0.6

1.5

15

1661

Including

241.2

244.4

8.09

81

3.2

0.1

0.5

1.2

9

933

BOU-DD23-164

8325N

249.8

250.7

0.03

44

0.9

1.3

1.3

27.6

7

1745

BOU-DD23-168

8325N

97.0

104.6

1.27

18

7.6

0.0

0.4

1.7

15

244

BOU-DD23-168


143.9

151.7

4.36

97

7.8

0.2

1.3

2.4

77

698

Including

148.7

151.7

10.46

198

3.0

0.3

0.7

1.7

69

1336

BOU-DD23-193

5400N

316.9

322.8

0.57

167

5.9

0.0

2.7

4.4

149

554

Including

321.8

322.8

2.22

678

1.0

0.0

9.2

9.9

647

1754

BOU-DD23-193

5400N

405.8

408.5

0.64

109

2.7

0.0

1.9

4.7

614

523

BOU-DD23-197

5400N

489.1

505.9

0.58

53

16.8

0.0

0.6

1.2

192

205

Including

500.2

504.9

1.09

78

4.7

0.0

0.8

0.8

362

274

BOU-DD23-197

5400N

531.9

534.2

0.87

266

2.3

0.0

3.6

8.0

212

907

               *     True width remains undetermined at this stage; all values are uncut.

     **   Ag equivalent is based on a 100% recovery with the following ratio: 1 g/t Au: 93.4 g/t Ag;
          1% Cu:130.4 Ag; 1% Pb: 31.8 Ag; 1% Zn: 54.1 Ag.

 

Figure 1: Location of New Boumadine Permit and Geological Context (CNW Group/Aya Gold & Silver Inc)

Figure 2 – Surface Plan of Boumadine Property with Magnetic Data (Residual Total Field) and 2023 Drill Holes (CNW Group/Aya Gold & Silver Inc)

2023 Exploration Results 

To date, 233 diamond drill holes ("DDH") for a total of 48,276m have been completed at Boumadine in 2023 (Figure 2 and Appendix 2). Both infill and exploration drilling were conducted on strike along the Main Trend (South, Central, and North Zones). The 76,000m program is expected to be complete by the end of December 2023.

Drill results have been received for all drill holes up to BOU-DD23-164 with the addition of holes BOU-DD23-168, BOU-DD23-169, BOU-DD23-193 and BOU-DD23-197 (Table 1, Figure 4, Figure 5, and Appendix 1).

Results received since July 2023 extend the mineralization an additional 200m to the south with BOU-DD23-193 and BOU-DD23-197 intersecting the upper-part of the Main Trend mineralization in the form of massive sulphide veins.  Relogging activities, which began at the beginning of the year to add past drilling to the database, have increased the mineralization by an additional 200m to the north.

The main mineralization generally consists of 1m to 4m wide (locally reaching over a 10m width) N340- oriented massive sulphide lenses/veins sharply dipping eastward (> 70°). The massive sulphide veins (>80%) are mainly composed of pyrite, with variable proportions of sphalerite, galena, and chalcopyrite. Figure 2 presents the results of the Boumadine Main Zone shown on a longitudinal section along the deposit, defining ore shoots shallowly dipping toward south, in both the Central and South Zones.

Figure 3 – Longitudinal View of Boumadine Main Zone (CNW Group/Aya Gold & Silver Inc)

Figure 4 – Surface Plan of South Zone with New 2023 DDH Results (CNW Group/Aya Gold & Silver Inc)

Figure 5 – Surface Plan of Central & North Zones with New 2023 DDH Results (CNW Group/Aya Gold & Silver Inc)

Next Steps

The 76,000m drilling program is 61% complete and is expected to be completed by the end of December 2023. RSC Consulting Limited has been mandated to conduct a NI 43-101-compliant mineral resource estimate of Boumadine which the Corporation intends to publish in Q1-2024.

Technical Information

Aya has implemented a quality control program to comply with best practices in sampling and analysis of drill core. Drill core samples are transported in sealed bags for analysis at Afrilab laboratory in Marrakech. Standards of different grades and blanks are inserted every 20 samples in addition to the standards, blanks and pulp duplicate inserted by Afrilab.

Qualified Person

The scientific and technical information contained in this press release have been reviewed by David Lalonde, B. Sc, Head of Exploration, Qualified Person, 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 maximizes shareholder value by anchoring sustainability at the heart of its production, resource, 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 " promising", "extend", "identify", "confirm", "plan", "belief", "potential", "confident", "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 2022 Annual Information Form dated March 31, 2023, and in other filings of Aya with securities and regulatory authorities which are available on SEDAR at www.sedar.com. Furthermore, Aya's corporate update of May 28, 2020 regarding the materiality of its assets as well as to studies regarding non-material assets remains applicable as at the date hereof. 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 – Full Drill Results from Boumadine (core lengths) 

DDH No.

Section

From
(m)

To
(m)

Au
(g/t)

Ag
(g/t)

Length*
(m)

Cu
(%)

Pb
(%)

Zn
(%)

Mo
(g/t)

 Ag Eq**
(g/t)

BOU-DD23-126

7000N

297.5

298.1

21.67

37

0.6

0.2

0.1

0.0

3

2083

BOU-DD23-126

7000N

302.7

304.6

0.78

15

1.9

0.0

0.1

0.1

4

99

BOU-DD23-126

7000N

318.4

319.7

0.39

12

1.3

0.0

0.0

0.1

4

55

BOU-DD23-131

7925N

268.7

269.2

0.79

21

0.5

0.0

0.8

1.3

85

197

BOU-DD23-133

7225N

415.1

417.3

0.90

4

2.2

0.0

0.2

0.1

17

100

BOU-DD23-134

7225N

12.1

13.0

0.62

41

0.9

0.0

0.5

0.1

18

121

BOU-DD23-134

7225N

219.0

219.5

0.49

28

0.5

0.0

0.1

0.5

5

105

BOU-DD23-134

7225N

221.6

222.1

1.40

35

0.5

0.0

0.1

0.0

4

173

BOU-DD23-134

7225N

304.3

305.1

0.61

8

0.8

0.0

0.4

1.7

13

170

BOU-DD23-134

7225N

313.4

313.9

0.80

28

0.5

0.0

1.3

1.3

7

218

BOU-DD23-135

7925N

205.3

205.9

0.61

21

0.6

0.1

1.4

2.5

6

268

BOU-DD23-135

7925N

208.7

209.2

3.29

20

0.5

0.0

0.6

1.5

8

432

BOU-DD23-135

7925N

273.9

274.6

0.29

8

0.7

0.0

0.4

0.4

6

71

BOU-DD23-137

7225N

162.7

163.7

0.32

20

1.0

0.1

0.5

1.2

8

141

BOU-DD23-137

7225N

162.7

164.7

0.36

20

2.0

0.0

0.7

1.3

9

151

BOU-DD23-137

7225N

168.7

169.9

0.60

12

1.2

0.0

0.2

1.0

10

134

BOU-DD23-137

7225N

171.7

172.8

0.52

14

1.1

0.0

0.0

0.0

14

70

BOU-DD23-137

7225N

177.7

178.2

0.31

32

0.5

0.1

0.1

0.2

12

85

BOU-DD23-137

7225N

180.0

184.1

0.77

22

4.1

0.1

0.1

0.2

7

121

BOU-DD23-138

8775N

26.8

27.3

1.23

67

0.5

0.0

1.4

5.5

184

540

BOU-DD23-138

8775N

72.0

73.4

0.62

29

1.4

0.0

0.4

0.8

15

143

BOU-DD23-138

8775N

76.5

77.5

0.46

8

1.0

0.0

0.0

0.1

7

61

BOU-DD23-138

8775N

79.3

90.0

1.49

35

10.7

0.1

0.3

1.3

12

266

Including

86.7

89.0

5.14

90

2.3

0.2

0.7

4.1

30

839

BOU-DD23-138

8775N

96.1

97.4

0.70

53

1.3

0.1

0.1

0.3

10

155

BOU-DD23-139

7925N

251.9

252.4

15.84

25

0.5

0.1

0.1

1.0

8

1573

BOU-DD23-139

7925N

251.9

253.0

9.60

29

1.1

0.0

0.2

0.9

6

985

BOU-DD23-139

7925N

251.9

253.8

6.36

23

1.9

0.0

0.4

0.8

7

675

BOU-DD23-139

7925N

349.7

350.4

1.66

32

0.7

0.2

0.5

1.1

4

291

BOU-DD23-139

7925N

433.4

434.4

0.03

90

1.0

0.0

0.0

0.0

5

95

BOU-DD23-139

7925N

467.1

468.4

0.96

57

1.3

0.1

0.5

0.9

5

220

BOU-DD23-139

7925N

492.7

493.3

0.28

48

0.6

0.0

1.6

3.2

4

299

BOU-DD23-139

7925N

498.2

498.7

0.23

24

0.5

0.0

1.5

1.8

17

197

BOU-DD23-139

7925N

512.3

521.1

2.45

20

8.8

0.1

0.1

0.2

4

279

Including

512.3

514.7

6.66

37

2.4

0.1

0.3

0.2

5

698

BOU-DD23-139

7925N

551.4

552.4

0.66

8

1.0

0.0

0.3

0.6

9

114

BOU-DD23-140

8775N

36.7

43.0

0.66

34

6.3

0.0

0.4

3.9

6

321

Including

37.8

38.4

2.80

126

0.6

0.1

2.0

26.2

6

1875

BOU-DD23-140

8775N

50.3

52.5

3.04

71

2.2

0.0

0.4

6.7

70

737

BOU-DD23-140

8775N

55.9

56.8

1.19

338

0.9

0.0

2.8

2.9

196

709

BOU-DD23-140

8775N

75.0

78.4

1.15

43

3.4

0.0

0.7

2.7

51

324

BOU-DD23-140

8775N

92.5

93.5

0.20

29

1.0

0.0

0.6

2.5

47

206

BOU-DD23-140

8775N

103.5

104.6

0.42

16

1.1

0.0

0.1

0.2

1

70

BOU-DD23-140

8775N

140.0

141.0

1.48

8

1.0

0.0

0.1

0.4

5

169

BOU-DD23-140

8775N

145.4

147.8

3.13

123

2.4

0.2

0.3

1.1

13

515

BOU-DD23-141

7550N

84.0

84.7

0.27

39

0.7

0.1

0.5

0.7

25

126

BOU-DD23-141

7550N

184.3

186.8

2.85

39

2.5

0.3

0.6

0.3

10

384

BOU-DD23-141

7550N

197.0

199.0

0.49

7

2.0

0.0

0.1

0.2

10

71

BOU-DD23-143

8775N

32.6

36.6

3.11

106

4.0

0.0

0.8

0.0

20

427

BOU-DD23-143

8775N

46.6

58.0

0.84

68

11.4

0.0

0.5

1.8

34

263

Including

55.1

57.0

3.43

68

1.9

0.0

1.1

5.6

34

732

BOU-DD23-143

8775N

125.5

126.5

0.71

16

1.0

0.0

0.3

1.2

15

161

BOU-DD23-143

8775N

131.9

140.7

0.96

27

8.8

0.1

0.7

4.5

48

397

Including

137.0

138.2

3.21

44

1.2

0.1

0.5

7.6

50

779

BOU-DD23-143

8775N

146.5

147.4

0.31

23

0.9

0.0

0.8

1.8

30

178

BOU-DD23-143

8775N

149.2

151.1

1.34

29

1.9

0.0

1.7

4.1

10

432

BOU-DD23-143

8775N

161.0

162.0

0.64

16

1.0

0.0

0.4

0.7

4

128

BOU-DD23-143

8775N

199.4

205.7

0.51

30

6.3

0.0

1.6

3.0

21

294

BOU-DD23-143

8775N

214.6

223.9

12.34

94

9.3

0.1

0.4

2.5

26

1410

Including

217.2

223.3

16.04

122

6.1

0.2

0.3

2.6

27

1796

BOU-DD23-143

8775N

225.7

226.5

0.44

16

0.8

0.0

0.4

1.1

9

132

BOU-DD23-143

8775N

267.3

270.4

1.55

71

3.1

0.4

1.3

0.4

15

336

Including

267.3

268.7

3.08

128

1.4

0.9

2.2

0.7

19

645

BOU-DD23-143

8775N

299.9

303.4

4.31

56

3.5

0.1

0.5

0.0

112

497

Including

299.9

301.3

8.93

83

1.4

0.3

0.7

0.0

217

986

BOU-DD23-144

7550N

28.0

29.0

0.68

1

1.0

0.0

0.0

0.0

2

67

BOU-DD23-144

7550N

222.1

223.2

0.43

16

1.1

0.0

1.5

0.1

7

110

BOU-DD23-144

7550N

233.1

234.1

3.13

29

1.0

0.1

4.4

0.9

9

516

BOU-DD23-145

7550N

352.5

353.1

1.05

12

0.6

0.0

0.3

0.8

1

162

BOU-DD23-145

7550N

530.4

531.6

0.03

55

1.2

0.0

0.6

0.1

4

83

BOU-DD23-145

7550N

552.6

553.3

6.58

210

0.7

0.6

1.5

2.4

1

1081

BOU-DD23-146

8775N

7.1

10.3

0.75

15

3.2

0.0

0.2

0.0

8

94

BOU-DD23-146

8775N

72.5

74.5

0.98

24

2.0

0.0

0.8

1.8

9

239

BOU-DD23-146

8775N

106.0

107.0

0.10

8

1.0

0.0

0.3

0.5

8

53

BOU-DD23-146

8775N

111.3

112.1

0.63

68

0.8

0.0

2.8

13.3

7

934

BOU-DD23-146

8775N

169.0

171.1

1.06

86

2.1

0.1

4.9

8.3

19

802

BOU-DD23-146

8775N

173.3

174.4

0.54

12

1.1

0.0

0.7

1.4

11

161

BOU-DD23-146

8775N

232.2

233.3

0.92

25

1.1

0.1

2.0

4.5

13

427

BOU-DD23-146

8775N

315.3

316.0

5.43

4

0.7

0.1

0.6

1.2

70

609

BOU-DD23-146

8775N

326.2

329.5

3.89

69

3.3

0.1

0.4

1.8

21

554

Including

326.2

328.3

5.44

82

2.1

0.1

0.3

1.6

23

704

BOU-DD23-147

7750N

15.3

16.2

0.03

114

0.9

0.1

0.1

0.2

2

139

BOU-DD23-148

8125N

43.7

44.5

0.45

15

0.8

0.0

0.0

0.0

10

60

BOU-DD23-148

8125N

201.0

201.8

0.79

20

0.8

0.0

0.3

0.4

4

123

BOU-DD23-148

8125N

215.4

225.8

2.63

64

10.4

0.1

0.1

2.4

7

456

Including

221.5

223.8

5.50

182

2.3

0.2

0.3

8.5

3

1195

BOU-DD23-149

7550N

325.7

326.6

0.34

12

0.9

0.0

0.1

0.1

34

56

BOU-DD23-149

7550N

403.4

403.9

0.61

27

0.5

0.1

1.1

1.9

206

247

BOU-DD23-149

7550N

445.5

446.3

0.36

12

0.8

0.0

0.3

0.3

14

74

BOU-DD23-149

7550N

496.1

496.6

0.53

29

0.5

0.0

1.0

0.6

6

143

BOU-DD23-149

7550N

534.5

535.1

0.23

32

0.6

0.0

1.2

1.0

5

147

BOU-DD23-149

7550N

559.4

561.0

0.41

15

1.6

0.0

0.4

1.1

12

127

BOU-DD23-149

7550N

625.0

626.0

0.03

71

1.0

0.0

0.3

0.7

5

120

BOU-DD23-150

7750N

90.0

90.8

2.82

72

0.8

0.5

1.4

2.1

10

563

BOU-DD23-150

7750N

96.6

97.2

0.85

60

0.6

0.1

4.6

3.4

1

477

BOU-DD23-150

7750N

104.0

105.3

1.28

4

1.3

0.0

0.3

0.3

1

150

BOU-DD23-151

8125N

67.7

68.5

0.39

12

0.8

0.0

0.0

0.3

7

68

BOU-DD23-151

8125N

338.0

339.0

0.26

1

1.0

0.0

0.1

0.1

3

33

BOU-DD23-152

8775N

13.6

14.7

0.45

63

1.1

0.0

0.6

0.0

18

126

BOU-DD23-152

8775N

195.3

197.6

1.05

88

2.3

0.1

3.7

6.4

8

660

BOU-DD23-152

8775N

207.8

213.7

1.02

123

5.9

0.0

3.5

5.7

7

645

BOU-DD23-152

8775N

270.1

276.0

7.42

153

5.9

0.1

1.7

0.3

14

928

Including

270.1

275.0

8.52

175

4.9

0.1

2.0

0.2

12

1056

BOU-DD23-152

8775N

288.3

288.8

0.69

21

0.5

0.0

0.1

1.4

12

165

BOU-DD23-152

8775N

347.7

348.7

0.47

8

1.0

0.0

0.1

0.1

4

60

BOU-DD23-152

8775N

350.7

352.7

5.12

89

2.0

0.5

0.4

0.5

18

666

BOU-DD23-152

8775N

427.9

428.4

0.53

8

0.5

0.0

0.2

0.3

10

80

BOU-DD23-152

8775N

433.6

434.1

0.51

4

0.5

0.0

0.1

0.1

11

61

BOU-DD23-153

7750N

29.3

31.8

1.85

13

2.5

0.0

0.3

0.5

5

225

BOU-DD23-153

7750N

149.0

149.8

0.47

8

0.8

0.0

0.4

0.6

9

98

BOU-DD23-153

7750N

180.4

180.9

0.03

88

0.5

0.0

5.2

0.2

13

268

BOU-DD23-154

8325N

0.0

150.0

0.00

0

150.0

0.0

0.0

0.0

0

NSR

BOU-DD23-155

8325N

12.9

13.4

0.18

40

0.5

0.1

2.0

7.8

17

556

BOU-DD23-155

8325N

15.9

16.4

4.03

218

0.5

0.1

3.6

0.7

50

764

BOU-DD23-155

8325N

25.8

26.3

0.92

71

0.5

0.0

1.8

3.6

267

423

BOU-DD23-155

8325N

30.2

33.5

2.71

275

3.3

0.1

1.5

9.4

103

1103

BOU-DD23-156

8675N

7.0

9.3

0.96

31

2.3

0.0

0.2

0.1

11

133

BOU-DD23-156

8675N

90.8

91.9

1.29

8

1.1

0.0

0.2

0.4

1

154

BOU-DD23-156

8675N

93.7

94.7

0.17

48

1.0

0.0

2.0

1.2

1

195

BOU-DD23-156

8675N

101.6

114.3

1.49

36

12.7

0.1

0.5

1.7

15

297

Including

101.6

103.0

5.96

110

1.4

0.5

0.5

2.2

13

872

BOU-DD23-157

8125N

19.6

20.5

0.40

12

0.9

0.0

0.1

0.3

21

70

BOU-DD23-157

8125N

21.4

23.3

1.21

13

1.9

0.0

0.2

0.4

11

157

BOU-DD23-157

8125N

48.3

50.3

0.69

4

2.0

0.0

0.2

0.6

3

107

BOU-DD23-157

8125N

101.7

102.5

0.03

52

0.8

0.0

2.8

0.1

11

150

BOU-DD23-157

8125N

121.2

121.7

0.51

38

0.5

0.0

0.2

0.6

3

122

BOU-DD23-157

8125N

254.3

256.1

4.37

69

1.8

0.3

0.1

0.4

23

543

BOU-DD23-157

8125N

273.7

274.4

1.29

67

0.7

0.0

1.8

6.9

20

625

BOU-DD23-157

8125N

301.3

301.8

0.53

102

0.5

0.0

1.7

3.9

43

419

BOU-DD23-157

8125N

408.0

408.5

0.29

17

0.5

0.0

0.6

1.0

1

117

BOU-DD23-158

8325N

113.9

117.2

1.87

44

3.3

0.1

0.9

8.4

6

720

BOU-DD23-158

8325N

163.4

164.5

0.99

21

1.1

0.0

0.6

2.2

1

254

BOU-DD23-158

8325N

168.9

171.0

3.68

31

2.1

0.1

0.5

0.6

6

432

BOU-DD23-159

7750N

241.9

242.4

0.66

12

0.5

0.0

0.5

0.9

5

138

BOU-DD23-159

7750N

284.9

286.0

0.13

4

1.1

0.0

0.3

0.3

3

43

BOU-DD23-159

7750N

539.1

540.2

0.38

21

1.1

0.0

2.3

1.2

29

198

BOU-DD23-159

7750N

541.4

542.4

0.58

36

1.0

0.1

1.9

0.2

29

168

BOU-DD23-160

8675N

27.4

29.7

1.56

233

2.3

0.1

1.0

8.9

35

902

BOU-DD23-160

8675N

35.0

36.0

0.26

60

1.0

0.0

0.7

2.0

3

215

BOU-DD23-160

8675N

39.9

41.6

1.56

151

1.7

0.0

2.3

10.7

19

954

BOU-DD23-160

8675N

87.2

90.1

1.32

40

2.9

0.0

0.2

0.2

9

184

BOU-DD23-160

8675N

95.5

98.1

0.85

29

2.6

0.0

0.1

0.1

10

121

BOU-DD23-160

8675N

133.3

134.0

0.41

20

0.7

0.0

0.3

0.9

1

115

BOU-DD23-160

8675N

162.8

165.7

2.31

135

2.9

0.2

0.8

1.3

11

468

BOU-DD23-161

8325N

186.9

195.3

4.72

122

8.4

0.3

0.2

1.1

6

664

Including

190.4

194.3

8.81

248

3.9

0.5

0.5

2.3

6

1280

BOU-DD23-161

8325N

262.3

262.8

0.54

35

0.5

0.0

0.1

0.6

16

121

BOU-DD23-161

8325N

293.0

294.0

0.25

23

1.0

0.0

0.2

2.7

14

201

BOU-DD23-162

8675N

21.8

22.9

0.63

20

1.1

0.0

0.2

0.0

16

90

BOU-DD23-162

8675N

25.1

26.1

0.85

47

1.0

0.0

0.4

0.1

6

147

BOU-DD23-162

8675N

66.2

70.8

1.06

52

4.6

0.0

0.1

2.5

237

308

BOU-DD23-162

8675N

74.4

76.6

0.22

42

2.2

0.0

0.2

0.6

91

109

BOU-DD23-162

8675N

80.9

88.8

0.92

74

7.9

0.0

0.3

1.5

119

260

Including

81.8

85.7

1.16

132

3.9

0.0

0.6

2.6

175

414

BOU-DD23-162

8675N

105.2

106.2

0.30

43

1.0

0.0

0.4

1.3

309

172

BOU-DD23-162

8675N

108.1

111.3

0.57

32

3.2

0.0

0.6

1.3

82

180

BOU-DD23-162

8675N

112.3

113.3

0.44

24

1.0

0.0

0.9

1.9

5

200

BOU-DD23-162

8675N

114.9

120.4

0.27

70

5.5

0.0

0.9

6.0

5

450

BOU-DD23-162

8675N

124.3

124.8

1.30

45

0.5

0.0

1.5

3.0

3

379

BOU-DD23-162

8675N

128.3

129.9

2.57

112

1.6

0.2

4.4

22.2

8

1712

BOU-DD23-162

8675N

190.6

194.8

2.00

205

4.2

0.2

0.2

0.2

4

437

BOU-DD23-162

8675N

205.3

205.8

0.34

99

0.5

0.0

1.3

1.2

3

237

BOU-DD23-162

8675N

216.9

218.6

2.93

109

1.7

0.1

1.0

1.3

14

494

BOU-DD23-162

8675N

237.2

244.4

6.39

82

7.2

0.1

0.4

0.8

8

748

Including

238.4

239.7

14.04

214

1.3

0.3

0.6

1.5

15

1661

Including

241.2

244.4

8.09

81

3.2

0.1

0.5

1.2

9

933

BOU-DD23-163

7750N

49.2

49.7

0.46

12

0.5

0.0

0.5

0.4

16

96

BOU-DD23-163

7750N

56.9

57.9

0.37

12

1.0

0.1

0.9

0.8

1

124

BOU-DD23-163

7750N

174.3

174.8

0.47

136

0.5

0.1

0.6

4.1

1

427

BOU-DD23-163

7750N

207.1

208.2

0.92

13

1.1

0.0

0.6

1.3

9

190

BOU-DD23-163

7750N

228.7

230.8

2.10

13

2.1

0.1

0.4

0.4

15

251

BOU-DD23-164

8325N

80.8

81.4

0.29

48

0.6

0.0

1.2

3.4

4

301

BOU-DD23-164

8325N

227.3

228.5

2.62

80

1.2

0.3

0.2

0.4

6

398

BOU-DD23-164

8325N

249.8

250.7

0.03

44

0.9

1.3

1.3

27.6

7

1745

BOU-DD23-164

8325N

299.1

300.8

1.96

67

1.7

0.2

0.3

0.4

11

312

BOU-DD23-168

8325N

15.0

16.7

1.08

32

1.7

0.0

1.6

4.6

11

434

BOU-DD23-168

8325N

69.7

70.2

0.34

32

0.5

0.0

1.5

3.7

64

320

BOU-DD23-168

8325N

77.1

80.7

1.28

42

3.6

0.0

0.7

0.6

45

219

BOU-DD23-168

8325N

87.8

88.8

0.84

49

1.0

0.1

2.3

10.3

20

766

BOU-DD23-168

8325N

97.0

104.6

1.27

18

7.6

0.0

0.4

1.7

15

244

BOU-DD23-168

8325N

134.5

135.6

0.37

12

1.1

0.0

0.4

0.8

1

102

BOU-DD23-168

8325N

143.9

151.7

4.36

97

7.8

0.2

1.3

2.4

77

698

Including

148.7

151.7

10.46

198

3.0

0.3

0.7

1.7

69

1336

BOU-DD23-169

8025N

13.0

19.0

0.37

54

6.0

0.0

0.1

0.1

66

100

BOU-DD23-193

5400N

316.9

322.8

0.57

167

5.9

0.0

2.7

4.4

149

554

Including

321.8

322.8

2.22

678

1.0

0.0

9.2

9.9

647

1754

BOU-DD23-193

5400N

383.9

384.6

0.37

92

0.7

0.0

0.1

1.4

143

214

BOU-DD23-193

5400N

405.8

408.5

0.64

109

2.7

0.0

1.9

4.7

614

523

BOU-DD23-193

5400N

432.8

434.0

0.49

185

1.2

0.0

2.8

5.8

593

675

BOU-DD23-193

5400N

570.0

572.3

0.41

37

2.3

0.0

0.4

0.4

382

136

BOU-DD23-193

5400N

598.4

599.2

0.47

59

0.8

0.0

0.0

0.0

285

123

BOU-DD23-197

5400N

440.6

441.4

0.65

32

0.8

0.0

0.1

0.6

3

126

BOU-DD23-197

5400N

489.1

505.9

0.58

53

16.8

0.0

0.6

1.2

192

205

Including

500.2

504.9

1.09

78

4.7

0.0

0.8

0.8

362

274

BOU-DD23-197

5400N

521.2

521.8

0.58

25

0.6

0.0

0.1

0.1

13

89

BOU-DD23-197

5400N

525.4

526.8

1.09

63

1.4

0.0

1.0

1.5

36

282

BOU-DD23-197

5400N

529.1

529.6

0.29

32

0.5

0.0

0.2

0.4

41

92

BOU-DD23-197

5400N

531.9

534.2

0.87

266

2.3

0.0

3.6

8.0

212

907

     *     True width remains undetermined at this stage; all values are uncut.

     **   Ag equivalent is based on a 100% recovery with the following ratio; 1 g/t Au: 93.4 g/t Ag; 1% Cu: 130.4 Ag; 1% Pb: 31.8 Ag;
          1% Zn: 54.1 Ag.

 

Appendix 3 – New Drillhole Coordinates of 2023 Boumadine Exploration Program (completed holes)

DDH No.

Easting

Northing

Elevation

Azimuth

Dip

Length (m)

BOU-DD23-170

317385

3476437

1209

250

-50

346.1

BOU-DD23-171

316783

3477095

1223

250

-50

406.9

BOU-DD23-172

317147

3476907

1211

250

-50

264.4

BOU-DD23-173

317467

3476466

1207

250

-50

504.0

BOU-DD23-174

317266

3476950

1204

250

-50

456.0

BOU-DD23-175

317541

3476493

1203

250

-50

404.5

BOU-DD23-176

317206

3476636

1203

250

-50

153.2

BOU-DD23-177

316874

3477128

1238

250

-50

265.8

BOU-DD23-178

317246

3476651

1203

250

-50

201.0

BOU-DD23-179

317235

3476594

1205

250

-50

152.0

BOU-DD23-180

317028

3476680

1209

70

-50

306.0

BOU-DD23-181

317626

3476524

1209

250

-50

552.7

BOU-DD23-182

317286

3476666

1203

250

-50

300.2

BOU-DD23-183

317705

3476553

1207

250

-50

651.6

BOU-DD23-184

317274

3476608

1203

250

-50

204.0

BOU-DD23-185

316986

3476665

1211

70

-50

401.9

BOU-DD23-186

317265

3476552

1208

250

-50

152.2

BOU-DD23-187

317315

3476623

1203

250

-50

304.0

BOU-DD23-188

317324

3476679

1202

250

-50

350.9

BOU-DD23-189

317304

3476566

1205

250

-50

201.0

BOU-DD23-190

316945

3476650

1213

70

-50

405.2

BOU-DD23-191

317343

3476580

1203

250

-50

278.5

BOU-DD23-192

317353

3476637

1201

250

-50

351.8

BOU-DD23-193

317545

3473697

1274

70

-50

617.0

BOU-DD23-194

317358

3476692

1199

250

-50

407.6

BOU-DD23-195

317381

3476594

1204

250

-50

328.4

BOU-DD23-196

317392

3476651

1198

250

-50

450.5

BOU-DD23-197

317464

3473667

1278

70

-50

749.6

BOU-DD23-198

317120

3477015

1216

250

-50

401.2

BOU-DD23-199

317397

3476706

1198

250

-50

491.7

BOU-DD23-200

317429

3476611

1212

250

-50

405.2

BOU-DD23-201

317432

3476666

1198

250

-50

502.1

BOU-DD23-202

317164

3477030

1220

250

-50

452.9

BOU-DD23-203

317472

3476627

1213

250

-50

471.0

BOU-DD23-204

316904

3476635

1214

70

-50

495.4

BOU-DD23-206

317296

3474348

1280

70

-50

207.0

BOU-DD23-207

317096

3474887

1274

70

-50

501.1

BOU-DD23-208

317062

3474875

1269

70

-50

452.1

BOU-DD23-209

317226

3474322

1272

70

-50

305.5

BOU-DD23-211

316593

3477339

1225

250

-50

228.5

 

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