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Gold/Mining/Energy : Mining News of Note

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To: LoneClone who wrote (190751)9/10/2025 11:33:25 AM
From: LoneClone  Read Replies (1) of 192403
 
Aya Gold & Silver Identifies New Mineralized Zone to the North and Reports High-Grade Silver Results at Zgounder

globenewswire.com

September 09, 2025 07:00 ET | Source: Aya Gold & Silver Inc.

MONTREAL, Sept. 09, 2025 (GLOBE NEWSWIRE) -- Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF) (“Aya” or the “Corporation”) is pleased to announce the discovery of a new mineralized zone located north of the current open-pit and high-grade silver results from its ongoing drill exploration program at the Zgounder Silver Mine, in the Kingdom of Morocco.

Highlights (all intersections are in core lengths)

  • Discovery of a new mineralized zone north of the current open-pit; hole ZG-25-156 intercepted 167 grams per tonne (“g/t”) silver (“Ag”) over 2.0 meters (“m”) in a broader interval of 19.0m
  • Intersections in the Central Area:
    • Hole DZG-SF-25-641 intercepted 1,164 g/t Ag over 3.0m, including 3,116 g/t Ag over 1.0m
    • Hole DZG-SF-25-648 intercepted 1,080 g/t Ag over 3.0m, including 2,820 g/t Ag over 1.0m
    • Hole T28-25-816 intercepted 1,305 g/t Ag over 6.0m
    • Hole T28-25-739 intercepted 525 g/t Ag over 13.2m, including 1,833 g/t Ag over 2.4m
  • Intersections at Depth Near the Granite Contact:
    • Hole ZG-SF-25-319 intercepted 655 g/t Ag over 4.5m, 670 g/t Ag over 3.0m and 442 g/t Ag over 2.5m
  • Intersections in the Open-Pit Area:
    • Hole DZG-SF-25-696 intercepted 1,448 g/t Ag over 2.3m
    • Hole DZG-SF-25-705 intercepted 444 g/t Ag over 3.0m
  • 16,685m or 67% of the 2025 exploration program has been drilled year to date.
  • Zgounder Far-East exploration drill program has been completed with results pending.
“The discovery of a new mineralized zone, north of the open-pit, is an exciting development that has the potential to grow near-mine resources,” said Benoit La Salle, President & CEO. “We plan to follow up with additional drilling in the coming months. In parallel, high-grade intercepts such as hole ZG-SF-25-319 in the west area near the granite contact further demonstrate the mineralisation at depth, extending beyond the current resource model.”

Included in this release are results from 259 holes, which include 114 underground diamond drill holes (“DDH”), 15 surface DDH, 82 T28 and 41 YAK holes (T28 and YAK: percussion drilling using an air-compressed hammer) and 7 historic resampled DDH. For a full summary of today’s results, refer to Appendix 1.

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



Hole IDFromToAgLength Ag x
(g/t)(m)width
Surface DDH
ZG-20-1123.024.52521.5378
ZG-22-75109.5114.01084.5484
ZG-25-156253.1255.11672.0334
Underground DDH
ZG-SF-25-319311.0315.56554.52,946
ZG-SF-25-319322.0325.06703.02,010
ZG-SF-25-319362.5365.04422.51,106
DZG-SF-25-6413.66.61,1643.03,493
Including4.65.63,1161.03,116
DZG-SF-25-64852055.01,0803.03,240
Including54.055.02,8201.02,820
DZG-SF-25-64910.512.09651.51,448
DZG-SF-25-66749.552.59843.02,951
DZG-SF-25-66758.060.01,5742.03,148
DZG-SF-25-69664.466.71,4482.33,330
DZG-SF-25-69712.613.69171.0917
DZG-SF-25-70552.455.44443.01,333
Underground T28
T28-25-7393.616.852513.26,928
Including3.66.01,8332.44,398
T28-25-7610.06.01946.01,166
T28-25-76412.016.83874.81,858
T28-25-77812.018.05276.03,163
Including12.014.41,0922.42,621
T28-25-8059.612.06712.41,610
T28-25-81515.621.67046.04,226
T28-25-81613.219.21,3056.07,828
Underground YAK
YAK-25-3328.410.82,3802.45,712
YAK-25-35833.634.89171.21,100


*True widths are undetermined; all values are uncut.

Figure 1: Location of Drill Results at Zgounder




2025 Exploration Results

This year, 16,865m of drilling have been completed at Zgounder. Drilling was conducted mostly underground in the Central, East and Western Zones as well as from surface at some near-mine regional targets and Zgounder Far East.

Hole ZG-25-156 and ZG-25-159 (pending) has identified a new mineralized body north of the open-pit (Figures 2). Hole ZG-25-156 returned 167 g/t Ag over 2.0m included in a much broader altered and silver anomalous interval of 19.0m, while ZG-25-159 also shows a large 20.0m corridor of alteration containing spots of native silver (results pending). There is significant potential for new mineralization north of the current open pit, at depth, near the granite contact. Additional follow-up holes are planned in the area through the remainder of 2025.

The RC drill exploration program at Zgounder Far East, which began on June 22, targeting four strong geochemistry anomalies including Ag – copper and gold, was completed in July, with a total of 2,464m completed, results are still pending.

The Zgounder Far East block comprises Neoproterozoic geology divided into three distinct zones: Southern Zone dominated by volcano-sedimentary rocks and pebbly sandstones alternated with felsic volcanics. Central Zone hosts an ophiolite complex, featuring mafic and ultramafic rocks intercalated with fine-grained sandstone units. Northern Zone is composed of intermediate to mafic volcanic and intrusive rocks, alternating with conglomerates. Grab sample results in the Far East block have identified some high-grade grab Ag-Cu, and Au, along with many precious metal anomalies, indicating a strong mineralization potential within 20km from the Zgounder deposit.

Figure 2: NW-SE Section of Zgounder with Hole ZG-25-156




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 or to ALS Laboratory at the Zgounder Mine site. 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 by fire assay.

For definition drilling using RC, all individual samples represent 1.0m in length and for T28 drilling equipment, all individual samples represent 1.2m in length. Samples are assayed at either the ALS Mine laboratory or 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 by fire assay. 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 Anti-Atlas Fault, several of which have hosted past-producing mines and historical resources.

Aya’s management team has been focused on maximizing 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 “potential”, “plan”, “additional”, “grow”, “significant”, 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 continuity of the mineralization and its grade, the potential to meaningfully grow near-mine resources, to follow up aggressively with additional drilling , to execute on planned drilling in the area through the remainder of 2025, the potential to significantly increase high-grade ounces within and near the open pit area, expanding open-pit operations in the near term, enhancing the resource and better understanding the deposit as well as exploration results in the open-pit and underground areas. 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, 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 2024 Annual Information Form dated March 31, 2025, 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 IDFromToAg (g/t)Length
(m)*
Ag x
width
Surface DDH
ZG-20-1123.024.52521.5378
ZG-20-11105.5107.01401.5210
ZG-20-11110.0110.5920.546
ZG-22-75109.5114.01084.5484
ZG-24-10933.036.0903.0270
ZG-25-156249.0249.51640.582
ZG-25-156253.1255.11672.0334
ZG-25-156256.6257.1960.548
Underground DDH
ZG-SF-25-296245.0249.51324.5592
ZG-SF-25-296256.5257.51201.0120
ZG-SF-25-296279.7280.71501.0150
ZG-SF-25-296286.5292.51166.0694
ZG-SF-25-304256.5257.51001.0100
ZG-SF-25-307293.5295.01421.5213
ZG-SF-25-307313.5315.01041.5156
ZG-SF-25-307316.0317.01001.0100
ZG-SF-25-307320.0321.01031.0103
ZG-SF-25-307346.5347.5761.076
ZG-SF-25-309160.5161.0960.548
ZG-SF-25-309163.0164.0921.092
ZG-SF-25-310287.5289.01281.5192
ZG-SF-25-310354.0357.51303.5454
ZG-SF-25-310363.0364.0781.078
ZG-SF-25-310372.5373.5801.080
ZG-SF-25-310375.5376.51421.0142
ZG-SF-25-312139.5140.02720.5136
ZG-SF-25-313282.0283.51481.5222
ZG-SF-25-313312.0314.01342.0268
ZG-SF-25-314320.0321.02681.0268
ZG-SF-25-31599.5101.91362.4327
ZG-SF-25-315102.9103.41000.550
ZG-SF-25-315107.4109.91522.5381
ZG-SF-25-315129.0129.8920.874
ZG-SF-25-315141.0142.51401.5210
ZG-SF-25-315215.5218.52923.0876
ZG-SF-25-316108.0109.01401.0140
ZG-SF-25-316163.5164.51201.0120
ZG-SF-25-319277.5279.01001.5150
ZG-SF-25-319295.0301.51036.5672
ZG-SF-25-319304.0305.52281.5342
ZG-SF-25-319311.0315.56554.52,946
ZG-SF-25-319322.0325.06703.02,010
ZG-SF-25-319328.0329.5881.5132
ZG-SF-25-319342.7344.01801.3234
ZG-SF-25-319348.2350.21422.0284
ZG-SF-25-319360.4361.41081.0108
ZG-SF-25-319362.5365.04422.51,106
DZG-SF-25-41550.551.57101.0710
DZG-SF-25-6131.22.23651.0365
DZG-SF-25-61361.062.0911.091
DZG-SF-25-61738.639.61051.0105
DZG-SF-25-61848.048.57620.5381
DZG-SF-25-62144.044.51420.571
DZG-SF-25-62624.525.5821.082
DZG-SF-25-6284.35.3901.090
DZG-SF-25-63035.037.92342.9679
DZG-SF-25-63046.047.11101.1121
DZG-SF-25-6375.06.51061.5159
DZG-SF-25-63737.538.5791.079
DZG-SF-25-63746.047.14251.1468
DZG-SF-25-63925.126.61081.5162
DZG-SF-25-63932.533.01090.555
DZG-SF-25-63937.437.9980.549
DZG-SF-25-6403.04.52911.5437
DZG-SF-25-64018.021.51003.5350
DZG-SF-25-6413.66.61,1643.03,493
Including4.65.63,1161.03,116
DZG-SF-25-64113.414.41161.0116
DZG-SF-25-6432.53.01000.550
DZG-SF-25-64439.840.3940.547
DZG-SF-25-64443.544.01910.596
DZG-SF-25-6469.511.04301.5645
DZG-SF-25-64852.055.01,0803.03,240
Including54.055.02,82012,820
DZG-SF-25-64910.512.09651.51,448
DZG-SF-25-64952.554.0821.5123
DZG-SF-25-65191.092.51231.5185
DZG-SF-25-65355.056.51511.5227
DZG-SF-25-65368.269.62641.4370
DZG-SF-25-6628.59.0890.545
DZG-SF-25-6637.49.51562.1328
DZG-SF-25-66313.515.0851.5128
DZG-SF-25-66348.048.51220.561
DZG-SF-25-6646.57.52881.0288
DZG-SF-25-66613.515.01681.5252
DZG-SF-25-66639.640.13050.5153
DZG-SF-25-66749.552.59843.02,951
DZG-SF-25-66758.060.01,5742.03,148
DZG-SF-25-69615.016.5771.5116
DZG-SF-25-69664.466.71,4482.33,330
DZG-SF-25-69712.613.69171.0917
DZG-SF-25-69742.543.7801.296
DZG-SF-25-69858.059.01371.0137
DZG-SF-25-70149.651.01001.4140
DZG-SF-25-70347.048.51591.5239
DZG-SF-25-70449.050.01381.0138
DZG-SF-25-70457.058.01241.0124
DZG-SF-25-70552.455.44443.01,333
DZG-SF-25-70649.050.21551.2186
DZG-SF-25-70716.217.72061.5309
DZG-SF-25-7096.59.02712.5678
DZG-SF-25-71740.941.41150.558
DZG-SF-25-72045.547.01471.5221
DZG-SF-25-72254.055.05231.0523
DZG-SF-25-72333.034.01741.0174
Underground T28
T28-25-72222.826.41353.6485
T28-25-7393.616.852513.26,928
Including3.66.01,8332.44,398
T28-25-73918.020.41002.4240
T28-25-75421.622.81591.2191
T28-25-75424.025.2861.2103
T28-25-75519.221.61092.4262
T28-25-75614.416.81502.4360
T28-25-7571.22.4801.296
T28-25-7573.64.8841.2101
T28-25-7610.06.01946.01,166
T28-25-76412.016.83874.81,858
T28-25-7700.02.41582.4379
T28-25-77812.018.05276.03,163
Including12.014.41,0922.42,621
T28-25-7826.07.2861.2103
T28-25-7837.29.62202.4528
T28-25-7844.86.03741.2449
T28-25-8052.44.81712.4410
T28-25-8059.612.06712.41,610
T28-25-8071.22.4851.2102
T28-25-81416.819.21632.4391
T28-25-81515.621.67046.04,226
T28-25-81522.824.0841.2101
T28-25-81613.219.21,3056.07,828
Underground YAK
YAK-24-21342.044.4972.4233
YAK-25-30434.837.22072.4497
YAK-25-31821.626.41814.8870
YAK-25-31939.640.8921.2110
YAK-25-3210.03.62213.6797
YAK-25-3230.06.01436.0858
YAK-25-33042.044.41772.4425
YAK-25-3313.66.01522.4364
YAK-25-3319.612.01452.4348
YAK-25-33127.630.01232.4295
YAK-25-3328.410.82,3802.45,712
YAK-25-3423.64.81321.2158
YAK-25-34236.039.61693.6610
YAK-25-35639.640.82141.2257
YAK-25-3571.23.61602.4384
YAK-25-35833.634.89171.21,100
YAK-25-35836.037.21151.2138
YAK-25-36018.020.41042.4250
YAK-25-36236.037.22391.2287


* True widths are undetermined; all values are uncut.

Appendix 2 – Drillhole Coordinates of Zgounder Drill Hole with Significant Results



DDH No.EastingNorthingElevationAzimuthDipLength
(m)
Surface DDH
ZG-20-1162058634039162127318-60627
ZG-22-7562063434041712107180-57150
ZG-24-10962102334040632230180-60120
ZG-25-15662112134043882230135-52285
Underground DDH
ZG-SF-25-29662047534039311943160-84330
ZG-SF-25-30462052734039161919230-82300
ZG-SF-25-30762040734039051945180-86380
ZG-SF-25-309620558340392219190-40198
ZG-SF-25-31062040734039051945180-81377
ZG-SF-25-312620407340391219450-55221
ZG-SF-25-313620383340390219460-75359
ZG-SF-25-314620357340390019460-78393
ZG-SF-25-315620383340390219460-69375
ZG-SF-25-316620383340390219460-52180
ZG-SF-25-31962038334039001945180-89388
DZG-SF-25-41562075334040621973832180
DZG-SF-25-6136208843404044196318-53103
DZG-SF-25-6176208073404076204263-3049
DZG-SF-25-6186208073404076204263060
DZG-SF-25-6216208023404077204340-3545
DZG-SF-25-62662079734040782043151560
DZG-SF-25-62862079334040782043352060
DZG-SF-25-630620793340407820433523060
DZG-SF-25-6376209873404050199666060
DZG-SF-25-6396209853404063199566-2360
DZG-SF-25-6406209853404063199566-660
DZG-SF-25-64162098534040631995661260
DZG-SF-25-6436209833404077199466060
DZG-SF-25-64462098334040771994661660
DZG-SF-25-6466209823404080199435-560
DZG-SF-25-64862097934040801994325-3755
DZG-SF-25-64962097934040801994325-1060
DZG-SF-25-6516208873404044196445-13110
DZG-SF-25-653620886340404419654619110
DZG-SF-25-66262112634040482094119-1660
DZG-SF-25-66362112634040482094119060
DZG-SF-25-664621126340404820951191560
DZG-SF-25-66662112534040562094105-1260
DZG-SF-25-66762121234040442072500100
DZG-SF-25-6966212123404044207250-15110
DZG-SF-25-69762112534040562094105060
DZG-SF-25-69862121234040442072501590
DZG-SF-25-7016212123404043207265080
DZG-SF-25-70362121234040432072653080
DZG-SF-25-7046212113404041207281-1580
DZG-SF-25-7056212113404041207281080
DZG-SF-25-70662121134040412072811580
DZG-SF-25-70762121134040412072813080
DZG-SF-25-7096212113404040207299065
DZG-SF-25-71762077534040652046148045
DZG-SF-25-72062097434040861975350-1555
DZG-SF-25-722620974340408619613501555
DZG-SF-25-723620975340408319543503055
Underground T28
T28-25-72262096534040682084181026
T28-25-739620594340409319712873025
T28-25-75462105934040602050441326
T28-25-75562105934040602050432222
T28-25-756621056340405420501361426
T28-25-757621056340405420511412723
T28-25-76162094234040452115921126
T28-25-764620928340404621163022526
T28-25-77062081334040461998581623
T28-25-778620804340404219972961124
T28-25-782620743340402019972991025
T28-25-783620743340402019972971626
T28-25-784620747340402419973091118
T28-25-805621106340407620473101022
T28-25-807621116340407620463191024
T28-25-814621106340407120481303024
T28-25-815621124340407220451301024
T28-25-816621124340407220451303019
Underground YAK
YAK-24-213621056340407220712621048
YAK-25-304621079340404120212782638
YAK-25-31862088334040582000262926
YAK-25-319620879340405619993441350
YAK-25-321620874340404819993291150
YAK-25-323620967340405320253302230
YAK-25-330620991340404220252341046
YAK-25-331620991340404220252343037
YAK-25-332620783340398220722851050
YAK-25-34262078334040392067751050
YAK-25-356620720340412120252851050
YAK-25-357620720340412120252853037
YAK-25-358620719340411920252581041
YAK-25-360620736340411620251251050
YAK-25-362620776340411620241281050


Photos accompanying this release are available at:

globenewswire.com
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