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Gold/Mining/Energy : Mining News of Note

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From: LoneClone9/5/2024 12:22:09 PM
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Aya Gold & Silver Reports Zgounder At-Depth High-Grade Drill Results

ca.finance.yahoo.com

Aya Gold & Silver Inc.
Wed, September 4, 2024 at 4:00 a.m. PDT·20 min read



  • AYASF
    0.00%

MONTREAL, Quebec, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF) (“Aya” or the “Corporation”) is pleased to report additional high-grade silver drill results from its at-depth drill exploration program at the Zgounder Silver Mine in the Kingdom of Morocco.

Highlights (all intersections are in core lengths)

  • In the Central Zone from the 1,950m level:



  • hole DZG-SF-24-081 intercepted 1,339 grams per tonne (“g/t”) silver (“Ag”) over 9.5 meters (“m”), including 2,984 g/t Ag over 4.0m

  • hole DZG-SF-24-089 intercepted 2,522 g/t Ag over 3.0m, including 7,052 g/t Ag over 1.0m

  • hole DZG-SF-24-134 intercepted 448 g/t Ag over 10.5m



  • In the Western Zone from the 2,000m level:





  • hole ZG-SF-24-141 intercepted 626 g/t Ag over 6.0m

  • hole ZG-SF-24-163 intercepted 536 g/t Ag over 7.0m



  • In the Eastern Zone from the 2,000m level:



  • hole DZG-SF-24-111 intercepted 2,372 g/t Ag over 6.5m; and 1,042 g/t Ag over 4.5m

  • hole DZG-SF-24-098 intercepted 1,244 g/t Ag over 4.0m, including 2,242 g/t Ag over 2.0m

  • hole DZG-SF-24-108 intercepted 747 g/t Ag over 6.0m



  • Exploration holes near the granite contact:



  • hole ZG-SF-24-183 intercepted 376 g/t Ag over 9.3m

  • hole hole DZG-SF-24-164 intercepted 657 g/t Ag over 10.5m, including 1,037 g/t Ag over 4.5m



  • 21,190m of the 2024 exploration program drilled year to date








“Today’s high-grade drill results including hole DZG-SF-24-111continue to confirm high-grade continuity of silver mineralization at Zgounder,” said Benoit La Salle, President & CEO. “In addition, the silver-rich intercepts in the western and eastern extremities continue to increase the resource expansion potential. We currently have four underground rigs turning that will deliver additional results in the coming months.”

Included in this release are results for 217 holes, which include 80 underground DDH, 104 T28 and 33 YAK holes (T28 and YAK: percussion drilling using an air-compressed hammer). For a full summary of today’s results, refer to Appendix 1.

Table 1 – Significant Intercepts from Drilling at Zgounder (core lengths)

Hole ID

From

To

Ag

Length (m)*

Ag x width





(g/t)





Underground DDH

ZG-SF-24-141

129.5

135.5

626

6.0

3,756

ZG-SF-24-163

116.0

123.0

536

7.0

3,750

ZG-SF-24-164

136.0

146.5

657

10.5

6,894

Including

142.0

146.5

1,037

4.5

4,668

ZG-SF-24-183

87.2

96.5

376

9.3

3,500

DZG-SF-24-081

35.5

45.0

1,339

9.5

12,722

Including

35.5

39.5

2,984

4.0

11,934

DZG-SF-24-089

126.5

129.5

2,522

3.0

7,567

Including

128.0

129.0

7,052

1.0

7,052

DZG-SF-24-098

31.0

35.0

1,244

4.0

4,976

Including

31.0

33.0

2,242

2.0

4,484

DZG-SF-24-103

20.0

28.0

377

8.0

3,014

DZG-SF-24-105

107.0

108.5

2,485

1.5

3,728

DZG-SF-24-107

10.5

16.0

575

5.5

3,164

DZG-SF-24-108

30.0

36.0

747

6.0

4,482

DZG-SF-24-111

4.5

11.0

2,372

6.5

15,420

Including

7.0

9.5

5,674

2.5

14,184

DZG-SF-24-111

20.0

24.5

1,042

4.5

4,690

DZG-SF-24-113

4.5

11.5

583

7.0

4,078

DZG-SF-24-134

34.0

44.5

448

10.5

4,700

Underground T28

TD28-24-1975-266

18.0

25.2

605

7.2

4,354

TD28-24-1975-294

21.6

26.4

909

4.8

4,363

Including

22.8

25.2

1,702

2.4

4,085

Underground YAK

YAKD-24-1950-076

1.2

6.0

697

4.8

3346

YAKD-24-1950-079

9.6

12.0

1,480

2.4

3552

YAKD-24-1950-083

12.0

40.8

674

28.8

19,402

Including

18.0

21.6

1,320

3.6

4,752

Including

27.6

31.2

1,241

3.6

4,469

YAKD-24-1950-085

25.2

44.4

212

19.2

4,066


1 Holes were drilled at various angles; true widths are unknown at this time.
2 All assay results are above the cut-off grade of 75 g/t Ag

Figure 1: Location of Drill Results at Zgounder



Figure 1

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 (“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 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.

David Lalonde, B.Sc. P. Geo, Vice-President Exploration, 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.

Or contact

Benoit La Salle, FCPA, MBA
President & CEO
Benoit.lasalle@ayagoldsilver.com

Alex Ball
VP, Corporate Development & IR
alex.ball@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 “planned”, “in-line”, “on-track”, “deliver”, “to plan”, “expected”, “meaningful”, “yield” ,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 advancement of the commissioning work according to Aya’s plan. 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 increase the resource at Zgounder, the ability of these results to translate into an increase of resource, the ability to obtain any requisite governmental approvals, 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 2023 Annual Information Form dated March 28, 2024, and in other filings of Aya with securities and regulatory authorities which are available on SEDAR+ at www.sedarplus.ca. 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 Drilling at Zgounder (core lengths)

Hole ID

From

To

Ag

Length (m)*

Ag x width







(g/t)





Underground DDH

ZG-SF-24-123

235.0

236.5

88

1.5

132

ZG-SF-24-141

129.5

135.5

626

6.0

3,756

ZG-SF-24-144

182.5

183.5

944

1.0

944

ZG-SF-24-144

196.5

197.5

128

1.0

128

ZG-SF-24-150

18.5

20.0

88

1.5

132

ZG-SF-24-152

55.0

57.0

122

2.0

244

ZG-SF-24-154

84.0

85.0

104

1.0

104

ZG-SF-24-154

91.0

94.0

349

3.0

1,046

ZG-SF-24-155

1.5

6.0

167

4.5

750

ZG-SF-24-155

59.0

63.5

135

4.5

606

ZG-SF-24-156

143.0

145.0

221

2.0

442

ZG-SF-24-159

66.0

67.5

84

1.5

126

ZG-SF-24-160

149.0

150.0

1,856

1.0

1,856

ZG-SF-24-160

153.0

154.0

1,040

1.0

1,040

ZG-SF-24-160

160.0

167.0

419

7.0

2,934

Including

164.0

166.0

915

2.0

1,830

ZG-SF-24-161

113.0

113.5

108

0.5

54

ZG-SF-24-161

114.5

116.0

100

1.5

150

ZG-SF-24-163

116.0

123.0

536

7.0

3,750

ZG-SF-24-164

48.0

49.5

84

1.5

126

ZG-SF-24-164

97.0

109.0

130

12.0

1,558

ZG-SF-24-164

136.0

146.5

657

10.5

6,894

Including

142.0

146.5

1,037

4.5

4,668

ZG-SF-24-164

157.0

158.5

96

1.5

144

ZG-SF-24-180

98.5

107.0

155

8.5

1,315

ZG-SF-24-182

88.5

90.0

112

1.5

168

ZG-SF-24-182

96.0

97.5

376

1.5

564

ZG-SF-24-182

99.0

101.4

103

2.4

247

ZG-SF-24-182

107.4

108.4

88

1.0

88

ZG-SF-24-182

108.9

110.4

356

1.5

534

ZG-SF-24-183

87.2

96.5

376

9.3

3,500

Including

87.2

88.5

1,960

1.3

2,548

DZG-SF-24-078

58.0

59.5

92

1.5

138

DZG-SF-24-081

35.5

45.0

1,339

9.5

12,722

Including

35.5

39.5

2,984

4.0

11,934

DZG-SF-24-087

1.5

3.0

1,356

1.5

2,034

DZG-SF-24-087

27.0

28.5

828

1.5

1,242

DZG-SF-24-089

37.5

42.0

102

4.5

459

DZG-SF-24-089

126.5

129.5

2,522

3.0

7,567

Including

128.0

129.0

7,052

1.0

7,052

DZG-SF-24-093

7.0

8.0

192

1.0

192

DZG-SF-24-097

116.5

122.0

148

5.5

814

DZG-SF-24-098

31.0

35.0

1,244

4.0

4,976

Including

31.0

33.0

2,242

2.0

4,484

DZG-SF-24-101

20.0

21.5

88

1.5

132

DZG-SF-24-103

20.0

22.5

238

2.5

596

DZG-SF-24-103

20.0

28.0

377

8.0

3,014

Including

21.5

23.5

554

2.0

1,108

DZG-SF-24-105

27.0

28.5

80

1.5

120

DZG-SF-24-105

98.0

99.5

192

1.5

288

DZG-SF-24-105

102.5

104.0

124

1.5

186

DZG-SF-24-105

107.0

108.5

2,485

1.5

3,728

DZG-SF-24-107

10.5

16.0

575

5.5

3,164

DZG-SF-24-108

30.0

36.0

747

6.0

4,482

DZG-SF-24-111

4.5

11.0

2,372

6.5

15,420

Including

7.0

9.5

5,674

2.5

14,184

DZG-SF-24-111

20.0

24.5

1,042

4.5

4,690

DZG-SF-24-113

4.5

11.5

583

7.0

4,078

DZG-SF-24-115

6.0

10.5

224

4.5

1,008

DZG-SF-24-117

18.0

19.5

136

1.5

204

DZG-SF-24-118

30.0

32.0

758

2.0

1,516

DZG-SF-24-123

15.5

18.5

791

3.0

2,372

Including

15.5

17.5

1,088

2.0

2,176

DZG-SF-24-124

19.5

21.0

76

1.5

114

DZG-SF-24-125

59.5

60.5

77

1.0

77

DZG-SF-24-125

61.5

62.5

78

1.0

78

DZG-SF-24-125

85.0

88.0

241

3.0

723

DZG-SF-24-129

40.5

41.5

176

1.0

176

DZG-SF-24-129

43.5

44.5

224

1.0

224

DZG-SF-24-129

55.0

56.0

96

1.0

96

DZG-SF-24-129

57.0

57.5

208

0.5

104

DZG-SF-24-129

61.5

73.0

108

11.5

1,244

DZG-SF-24-129

80.5

84.5

173

4.0

690

DZG-SF-24-129

90.5

92.0

264

1.5

396

DZG-SF-24-129

98.0

102.5

196

4.5

884

DZG-SF-24-132

53.0

67.0

190

14.0

2,658

DZG-SF-24-133

28.0

29.0

316

1.0

316

DZG-SF-24-133

46.0

47.0

100

1.0

100

DZG-SF-24-133

48.5

50.0

108

1.5

162

DZG-SF-24-134

34.0

44.5

448

10.5

4,700

Including

43.0

44.5

1,240

1.5

1,860

DZG-SF-24-135

38.5

39.5

144

1.0

144

DZG-SF-24-135

42.5

44.0

168

1.5

252

DZG-SF-24-135

63.5

68.0

89

4.5

402

DZG-SF-24-135

69.5

72.5

354

3.0

1,062

DZG-SF-24-136

13.5

15.0

124

1.5

186

DZG-SF-24-148

15.0

18.0

143

3.0

429

DZG-SF-24-148

32.5

34.0

1,556

1.5

2,334

DZG-SF-24-148

50.5

55.0

176

4.5

794

DZG-SF-24-173

9.0

10.5

104

1.5

156

DZG-SF-24-173

13.5

16.5

269

3.0

808

DZG-SF-24-173

20.5

23.0

434

2.5

1,084

DZG-SF-24-173

37.5

40.5

397

3.0

1,192

Underground T28

TD28-24-1975-211

10.8

12.0

92

1.2

110

TD28-24-1975-211

13.2

16.8

88

3.6

317

TD28-24-1975-216

2.4

4.8

131

2.4

314

TD28-24-1975-221

14.4

18.0

92

3.6

331

TD28-24-1975-224

4.8

6.0

100

1.2

120

TD28-24-1975-224

13.2

14.4

92

1.2

110

TD28-24-1975-227

10.8

12.0

1,328

1.2

1,594

TD28-24-1975-227

13.2

14.4

76

1.2

91

TD28-24-1975-229

6.0

12.0

385

6.0

2,309

Including

6.0

7.2

1,428

1.2

1,714

TD28-24-1975-229

24.0

25.2

76

1.2

91

TD28-24-1975-241

15.6

16.8

108

1.2

130

TD28-24-1975-242

1.2

2.4

84

1.2

101

TD28-24-1975-243

9.6

10.8

140

1.2

168

TD28-24-1975-243

12.0

13.2

88

1.2

106

TD28-24-1975-244

0.0

4.8

183

4.8

878

TD28-24-1975-244

9.6

10.8

100

1.2

120

TD28-24-1975-244

13.2

14.4

84

1.2

101

TD28-24-1975-244

19.2

21.6

80

2.4

192

TD28-24-1975-245

3.6

4.8

108

1.2

130

TD28-24-1975-245

13.2

14.4

92

1.2

110

TD28-24-1975-246

4.8

12.0

131

7.2

943

TD28-24-1975-250

1.2

2.4

160

1.2

192

TD28-24-1975-252

20.4

21.6

76

1.2

91

TD28-24-1975-255

9.6

15.6

283

6.0

1,699

TD28-24-1975-256

19.2

24.0

99

4.8

475

TD28-24-1975-261

12.0

13.2

1,030

1.2

1,236

TD28-24-1975-261

22.8

25.2

574

2.4

1,378

TD28-24-1975-263

15.6

18.0

123

2.4

295

TD28-24-1975-263

20.4

24.0

95

3.6

341

TD28-24-1975-264

3.6

14.4

146

10.8

1,579

TD28-24-1975-265

7.2

8.4

84

1.2

101

TD28-24-1975-265

14.4

20.4

219

6.0

1,315

TD28-24-1975-266

8.4

9.6

220

1.2

264

TD28-24-1975-266

18.0

25.2

605

7.2

4,354

Including

22.8

24.0

2,400

1.2

2,880

TD28-24-1975-267

16.8

18.0

96

1.2

115

TD28-24-1975-270

20.4

21.6

76

1.2

91

TD28-24-1975-272

6.0

10.8

367

4.8

1,759

TD28-24-1975-290

6.0

7.2

89

1.2

107

TD28-24-1975-292

3.6

7.2

136

3.6

488

TD28-24-1975-292

12.0

15.6

307

3.6

1,104

TD28-24-1975-292

16.8

18.0

84

1.2

101

TD28-24-1975-293

6.0

7.2

260

1.2

312

TD28-24-1975-294

0.0

1.2

92

1.2

110

TD28-24-1975-294

21.6

26.4

909

4.8

4,363

Including

22.8

25.2

1,702

2.4

4,085

TD28-24-2050-298

21.6

22.8

84

1.2

101

TD28-24-2050-299

0.0

1.2

96

1.2

115

TD28-24-2050-299

2.4

3.6

86

1.2

103

TD28-24-2050-299

20.4

21.6

76

1.2

91

TD28-24-2050-300

16.8

22.8

123

6.0

739

TD28-24-2050-304

0.0

1.2

108

1.2

130

TD28-24-2050-306

13.2

20.4

140

7.2

1,009

TD28-24-2050-311

21.6

22.8

100

1.2

120

TD28-24-2050-311

24.0

25.2

148

1.2

178

TD28-24-2050-312

8.4

9.6

96

1.2

115

TD28-24-2050-312

22.8

24.0

80

1.2

96

TD28-24-2050-313

20.4

26.4

480

6.0

2,882

TD28-24-2050-314

0.0

8.4

247

8.4

2,074

TD28-24-2050-317

3.6

6.0

91

2.4

218

TD28-24-2050-318

3.6

7.2

127

3.6

456

Underground YAK

YAKD-24-1950-067

0.0

8.4

81

8.4

682

YAKD-24-1950-067

13.2

15.6

164

2.4

394

YAKD-24-1950-067

46.8

50.4

279

3.6

1,003

YAKD-24-1950-068

0.0

10.8

276

10.8

2,976

YAKD-24-1950-068

46.8

48.0

388

1.2

466

YAKD-24-1950-069

0.0

3.6

456

3.6

1,642

YAKD-24-1950-076

1.2

6.0

697

4.8

3,346

YAKD-24-1950-077

0.0

2.4

98

2.4

235

YAKD-24-1950-079

2.4

3.6

80

1.2

96

YAKD-24-1950-079

9.6

12.0

1,480

2.4

3,552

YAKD-24-1950-083

12.0

40.8

674

28.8

19,402

Including

18.0

21.6

1,320

3.6

4,752

Including

27.6

31.2

1,241

3.6

4,469

YAKD-24-1950-084

15.6

19.2

225

3.6

811

YAKD-24-1950-085

16.8

18.0

76

1.2

91

YAKD-24-1950-085

19.2

20.4

412

1.2

494

YAKD-24-1950-085

25.2

44.4

212

19.2

4,066

YAKD-24-2100-050

2.4

6.0

297

3.6

1,070

YAKD-24-2100-051

6.0

7.2

92

1.2

110

YAKD-24-2100-051

20.4

24.0

236

3.6

850

YAKD-24-2100-055

50.4

51.6

772

1.2

926

YAKD-24-2100-056

18.0

19.2

76

1.2

91

YAKD-24-2100-059

38.4

39.6

108

1.2

130

YAKD-24-2100-060

10.8

16.8

259

6.0

1,555

YAKD-24-2100-065

36.0

37.2

116

1.2

139


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.

A photo accompanying this announcement is available at
globenewswire.com
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