Maya Gold & Silver Provides Update on Zgounder Production, Announces Date of AGM and Grants Options
13 Mai 2014 - 4:47PM
Marketwired
Maya Gold & Silver Provides Update on Zgounder Production,
Announces Date of AGM and Grants Options
BLAINVILLE, QUEBEC--(Marketwired - May 13, 2014) - Maya Gold
& Silver Inc. ("Maya" or the "Corporation") (TSX-VENTURE:MYA)
is pleased to provide the following update on production at
Zgounder Silver Mine:
- The mill has been tested for the past six months and is ready
to be put in function;
- 35,000 tonnes of ore from existing stockpiles, @ 245 g-Ag / t,
are stored at proximity of the mill;
- Underground development is well underway;
- Among elements required to start the mill of silver metal, the
mill's balls are expected to arrive in Casablanca on May 18 and
cyanide, on June 8; extremely tight measures have been adopted
internationally in regard to export cyanide, especially in the case
of a new operation and a new corporation;
- Production is scheduled to start in mid-June.
Maya will hold its annual meeting of shareholders on June 19, at
10:00, at Queen Elizabeth Hotel, in Montréal.
Finally, Maya has granted incentive stock options to its
directors, officers and employee to purchase up to 2,700,000 common
shares of its capital stock, at $0.50 per share, exercisable on or
before May 7, 2019. 1,700,000 options vested at the date of grant
and 1,000,000 will vest one year after the date of grant. The
options were granted pursuant to the Corporation's stock option
plan, under which a maximum of ten percent (10%) of the issued and
outstanding common shares are reserved for issuance.
ABOUT MAYA
Maya Gold & Silver Inc. is a Canadian listed mining
corporation focused on the exploration and development of gold and
silver deposits in Morocco. Maya recently initiated mining at its
Zgounder Mine. The Corporation's shares trade on the TSX Venture
Exchange under the symbol "MYA".
For further information on Maya, visit
www.mayagoldsilver.com
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward-looking statements
This release may contain forward-looking statements including
management's assessments of future plans and operations, and
expectations of future production. These statements are based on
current expectations that involve a number of risks and
uncertainties, which could cause actual results to differ
materially from those anticipated. These risks include, but are not
limited to, the risks associated with the mining and exploration
industry (e.g. operational risks in development, exploration and
production; delays or changes in plans with respect to exploration
or development projects or capital expenditures; the uncertainty of
reserve estimates; the uncertainty of estimates and projections
relating to production and the uncertainty of the availability of
capital). The assumptions used in the preparation of such
statements, although considered reasonable at the time of
preparation, may prove to be imprecise and, as such, undue reliance
should not be placed on forward-looking statements.
Maya Gold & Silver Inc.Guy GouletChief Executive
Officer450-435-0700 ext. 204ggoulet@mayagoldsilver.comNathalie
DionInvestor Relations450-435-0700 ext. 202
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