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To: LoneClone who wrote (170128)2/15/2023 3:15:31 PM
From: LoneClone  Read Replies (1) | Respond to of 192788
 
Aya Gold & Silver Confirms Discovery of Parallel Zones and Extends High-Grade Mineralization at Boumadine

newswire.ca

Aya Gold & Silver Inc Feb 14, 2023, 07:00 ET

MONTREAL, Feb. 14, 2023 /CNW/ - Aya Gold & Silver Inc. (TSX: AYA) (OTCQX: AYASF) ("Aya" or the "Corporation") is pleased to announce new high-grade exploration drill results, which confirm the extension of mineralization by 20% south of the main mineralized trend and confirm the discovery of several parallel structures at Boumadine, in the Kingdom of Morocco.

Key Highlights1











Figure 1 – Surface Plan of Boumadine Property with Magnetic Data (Residual Total Field) and 2022 Drill Holes (CNW Group/Aya Gold & Silver Inc)


Figure 2 – Surface Plan of Boumadine Property with VTEM Data (Slice 75m), 2022 Drill Holes and Planned Drill Holes for 2023 Drill Program (CNW Group/Aya Gold & Silver Inc)


Figure 3 – Interpreted 3D Conductor (Main Trend) from VTEM Data (CNW Group/Aya Gold & Silver Inc)


Figure 4 – Section North of Boumadine’s Main Trend with BOU-DD22-049 and BOU-DD22-050 (CNW Group/Aya Gold & Silver Inc)


Figure 5 – Section Central-North of Boumadine’s Main Trend with BOU-DD22-040 and BOU-DD22-041 (CNW Group/Aya Gold & Silver Inc)


Figure 6 – Section Central-South of Boumadine’s Main Trend with BOU-DD22-080 and BOU-DD22-082 (CNW Group/Aya Gold & Silver Inc)


Figure 7 – Section South 5 of Boumadine’s Main Trend with BOU-DD22-077 (CNW Group/Aya Gold & Silver Inc)







  • Definition of new mineralization and extension of the South Zone. The main mineralized trend, which now extends over 3.2 kilometres ("km"), is open at both ends along strike and at depth.
  • BOU-DD22-080 intercepted 2,715 g/t silver equivalent ("AgEq") over 1.40m (2.86 g/t Au, 1,717 g/t Ag, 9.6% Zn, 3.5% Pb and 0.7% Cu)
  • BOU-DD22-041 intercepted 609 g/t AgEq over 3.6m (4.02 g/t Au, 101 g/t Ag, 0.5% Zn, 2.5% Pb and 0.2% Cu) and 664 g/t AgEq over 1.70m (5.08 g/t Au, 106 g/t Ag, 0.8% Zn, 0.5% Pb and 0.2% Cu)
  • BOU-DD22-053 intercepted 736 g/t AgEq over 2.2m (6.24 g/t Au, 41 g/t Ag, 1.4% Zn, 1.0% Pb and 0.02% Cu)
  • BOU-DD22-050 intercepted 276 g/t AgEq over 9.5m (1.11 g/t Au, 94 g/t Ag, 1.0% Zn, 0.4% Pb and 0.1% Cu) including 3.9m at 431 g/t AgEq
  • BOU-DD22-077 intercepted 385 grams per tonne ("g/t") AgEq over 6.6 metres ("m") (3.22 g/t Au, 26 g/t Ag, 0.7% Zn, 0.5% Pb and 0.03% Cu) including 1.2m at 1,037 g/t AgEq
  • 18,335m of drilling completed as of December 31, 2022, for a total of 86 diamond drill holes ("DDH")
  • Extension of the main mineralized trend to the south, extending mineralization to over 3.2 km of strike length, and remaining open in all directions
  • Confirmation of a satellite mineralization body at Tizi, and discovery of new parallel structures along the main trend
  • Currently, three rigs are drilling at Boumadine as part of the 36,000m program planned for 2023



  • _________________________________

    1 All intersections are in core lengths; Ag equivalent is based on a 100% recovery with the following ratios calculated with September 7, 2022, prices: 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




    "We are excited with these drill results at Boumadine, which extend mineralization by 20% to over 3.2 kilometres and confirm the existence of parallel zones that significantly increase the potential to add high-grade ounces," said Benoit La Salle, President & CEO. "The 2023 drill exploration program has nearly doubled in size over last year's program, with the objective of extending the main mineralized trend to the south and delineating the known mineralization to deliver a resource statement over the next 12 months."

    Table 1 – Significant Intercepts from 2022 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-DD22-040

    Central North

    66.0

    68.0

    3.77

    88

    2.0

    0.0

    1.7

    10.1

    30

    1,045

    BOU-DD22-040

    Central North

    185.2

    185.9

    6.58

    361

    0.7

    0.9

    0.7

    1.0

    7

    1,172

    BOU-DD22-041

    Central North

    208.7

    212.3

    4.02

    101

    3.6

    0.2

    2.5

    0.5

    2

    609

    BOU-DD22-041

    Central North

    224.2

    225.9

    5.08

    106

    1.7

    0.2

    0.5

    0.8

    5

    664

    BOU-DD22-045

    North

    62.7

    65.7

    0.92

    111

    3.0

    0.0

    0.1

    0.4

    13

    226

    BOU-DD22-047

    North

    176.0

    177.1

    1.61

    350

    1.1

    0.3

    2.5

    1.3

    3

    689

    BOU-DD22-049

    North

    38.5

    41.7

    0.54

    117

    3.2

    0.0

    0.4

    0.2

    9

    192

    BOU-DD22-050

    North

    104.5

    114.0

    1.11

    94

    9.5

    0.1

    0.4

    1.0

    10

    276

    Including

    105.6

    109.5

    2.16

    191

    3.9

    0.1

    0.2

    0.3

    10

    431

    BOU-DD22-053

    Tizi North

    51.8

    54.0

    6.24

    41

    2.2

    0.0

    1.0

    1.4

    3

    736

    Including

    51.8

    52.4

    19.99

    67

    0.6

    0.0

    1.7

    2.2

    4

    2,115

    BOU-DD22-054

    Tizi North

    52.8

    56.1

    0.43

    67

    3.3

    0.0

    0.5

    1.2

    3

    188

    BOU-DD22-062

    North

    154.5

    155.8

    2.45

    39

    1.3

    0.1

    0.6

    0.6

    21

    329

    BOU-DD22-077

    South 5

    521.0

    527.6

    3.22

    26

    6.6

    0.0

    0.5

    0.7

    17

    385

    Including

    523.4

    524.6

    8.73

    62

    1.2

    0.0

    0.6

    2.5

    44

    1,037

    BOU-DD22-078

    Central 1

    304.6

    310.3

    0.83

    29

    5.7

    0.0

    0.9

    1.7

    9

    231

    Including

    304.6

    306.5

    1.29

    62

    1.9

    0.1

    2.3

    4.3

    8

    499

    BOU-DD22-080

    Central-South

    202.9

    210.0

    0.85

    420

    7.1

    0.2

    0.8

    2.9

    105

    707

    Including

    208.6

    210.0

    2.86

    1717

    1.4

    0.7

    3.5

    9.6

    28

    2,715

    BOU-DD22-082

    Central-South

    322.9

    324.6

    1.62

    36

    1.7

    0.1

    0.7

    0.8

    7

    261

    BOU-DD22-083

    Central-South

    159.6

    169.6

    0.58

    21

    10.0

    0.0

    0.5

    0.8

    12

    142






    * 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.




    2022 Exploration Results and 2023 Drilling Programs
    The 2022 drill exploration program at Boumadine completed 86 DDH for a total of 18,335m (Appendix 2). The drilling was completed on five targets: Central, South, Imariren, Tizi and the Southwest Zones (Figure 1).

    All of the 2022 drilling results have been received except for hole BOU-DD22-086 (Table 1 and Appendix 1). Figures 5 to 8 present each of the sections drilled along the main trend, its significant results, and geological interpretation.

    Results from the second phase of drilling along the main trend, both north (BOU-DD22-041and BOU-DD22-050) and south (BOU-DD22-077), extend the known mineralization to over 3.2 km strike length which remains open in all directions. Drilling to date also confirms discovery of parallel structures as shown by significant intersects, including BOU-DD22-078 and BOU-DD22-083. A mineralized satellite zone was also confirmed at Tizi.

    The mineralization consists generally of 1m to 4m widths (locally reaching over 10m width) N340- oriented massive sulfide lenses/veins sharply dipping eastward (> 70°). The massive sulphide veins (>80%) are composed mainly of pyrite, with variable proportions of sphalerite, galena, and chalcopyrite.

    In 2023, Aya intends to complete a 36,000m drill program, of which 21,000m will be allocated to delineation drilling along the main trend with the aim of building a resource (Figure 2). The remaining 15,000m will target new zones as well as extensions of the main trend along strike and at depth. The new 3D interpretation and model of the VTEM survey (Figure 3) will allow the Corporation to clearly follow the conductive anomaly, in addition to directly helping the exploration and the delineation programs.

    Next Steps
    The 36,000m drilling program is expected to be completed by mid 2023. The relogging and resampling of historic drill holes is ongoing for expected completion this year. Aya expects to use both data in estimating an NI 43-101-compliant resource update within the next 12 months. In addition, detailed surface mapping of the area is ongoing and is expected to be completed in the first half of this year.

    Technical Information
    Aya has implemented a quality control program to comply with best practices in sampling and analysis of drill core. Drill core samples were transported in sealed bags for analysis at Afrilab laboratory in Marrakech. Standards of different grades and blanks were 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.

    For additional information, please visit Aya's website at www.ayagoldsilver.com or contact:

    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", "confirm", "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 2021 Annual Information Form dated June 16, 2022, 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-DD22-039

    Central

    163.9

    164.9

    0.42

    12

    1.0

    0.0

    0.1

    0.2

    2

    64

    BOU-DD22-039

    Central

    170.8

    171.3

    1.58

    89

    0.5

    0.0

    0.8

    2.3

    4

    391

    BOU-DD22-039

    Central

    306.0

    306.7

    0.93

    109

    0.7

    0.1

    1.1

    1.3

    15

    307

    BOU-DD22-039

    Central

    345.4

    346.5

    0.32

    55

    1.1

    0.0

    1.1

    1.1

    14

    185

    BOU-DD22-039

    Central

    443.1

    443.8

    0.60

    35

    0.7

    0.0

    1.0

    1.1

    8

    181

    BOU-DD22-040

    Central North

    25.5

    26.0

    0.69

    41

    0.5

    0.0

    0.2

    0.3

    33

    128

    BOU-DD22-040

    Central North

    44.0

    45.0

    0.40

    15

    1.0

    0.0

    0.1

    0.2

    4

    66

    BOU-DD22-040

    Central North

    66.0

    68.0

    3.77

    88

    2.0

    0.0

    1.7

    10.1

    30

    1045

    BOU-DD22-040

    Central North

    93.4

    94.6

    0.52

    21

    1.2

    0.0

    0.7

    3.5

    3

    287

    BOU-DD22-040

    Central North

    96.8

    97.3

    0.70

    86

    0.5

    0.0

    3.9

    6.3

    5

    617

    BOU-DD22-040

    Central North

    103.7

    104.4

    0.88

    64

    0.7

    0.0

    0.9

    1.3

    65

    248

    BOU-DD22-040

    Central North

    109.1

    110.1

    0.38

    15

    1.0

    0.0

    0.4

    0.3

    8

    80

    BOU-DD22-040

    Central North

    131.9

    132.7

    0.21

    44

    0.8

    0.0

    1.3

    4.0

    9

    322

    BOU-DD22-040

    Central North

    136.7

    137.8

    1.77

    72

    1.1

    0.0

    3.1

    8.3

    27

    791

    BOU-DD22-040

    Central North

    143.2

    143.7

    0.23

    67

    0.5

    0.0

    0.9

    4.3

    1

    351

    BOU-DD22-040

    Central North

    179.2

    180.3

    0.36

    16

    1.1

    0.0

    0.4

    0.4

    3

    83

    BOU-DD22-040

    Central North

    182.3

    183.3

    0.31

    16

    1.0

    0.0

    0.1

    0.1

    4

    58

    BOU-DD22-040

    Central North

    185.2

    185.9

    6.58

    361

    0.7

    0.9

    0.7

    1.0

    7

    1172

    BOU-DD22-041

    Central North

    42.0

    42.5

    0.91

    154

    0.5

    0.0

    4.9

    0.6

    20

    431

    BOU-DD22-041

    Central North

    70.8

    71.6

    0.56

    41

    0.8

    0.0

    1.0

    1.7

    167

    225

    BOU-DD22-041

    Central North

    73.8

    74.3

    0.22

    52

    0.5

    0.0

    1.8

    1.8

    17

    232

    BOU-DD22-041

    Central North

    87.2

    88.9

    0.41

    61

    1.7

    0.0

    0.7

    1.9

    43

    227

    BOU-DD22-041

    Central North

    93.0

    95.1

    0.27

    70

    2.1

    0.0

    2.7

    3.3

    12

    359

    BOU-DD22-041

    Central North

    104.7

    107.5

    0.70

    8

    2.8

    0.0

    0.1

    0.1

    3

    84

    BOU-DD22-041

    Central North

    110.8

    111.3

    0.73

    59

    0.5

    0.0

    1.2

    2.7

    6

    314

    BOU-DD22-041

    Central North

    113.3

    114.4

    0.46

    4

    1.1

    0.0

    0.0

    0.2

    1

    57

    BOU-DD22-041

    Central North

    171.0

    172.0

    0.30

    16

    1.0

    0.0

    0.7

    1.7

    28

    159

    BOU-DD22-041

    Central North

    183.8

    184.3

    0.02

    72

    0.5

    0.0

    8.3

    0.5

    2

    366

    BOU-DD22-041

    Central North

    205.5

    206.0

    0.11

    67

    0.5

    0.0

    0.4

    0.7

    2

    131

    BOU-DD22-041

    Central North

    208.7

    212.3

    4.02

    101

    3.6

    0.2

    2.5

    0.5

    2

    609

    BOU-DD22-041

    Central North

    224.2

    225.9

    5.08

    106

    1.7

    0.2

    0.5

    0.8

    5

    664

    BOU-DD22-041

    Central North

    232.5

    233.0

    1.90

    83

    0.5

    0.3

    0.3

    0.3

    9

    320

    BOU-DD22-042

    NSR

    0.0

    153.2

    0.00

    0

    153.2

    0.0

    0.0

    0.0

    0

    0

    BOU-DD22-043

    NSR

    0.0

    150.0

    0.00

    0

    150.0

    0.0

    0.0

    0.0

    0

    0

    BOU-DD22-044

    North

    1.5

    2.7

    0.42

    8

    1.2

    0.0

    0.1

    0.0

    2

    51

    BOU-DD22-044

    North

    9.2

    10.2

    0.14

    40

    1.0

    0.0

    0.4

    0.0

    15

    69

    BOU-DD22-044

    North

    14.1

    15.1

    0.26

    40

    1.0

    0.0

    0.1

    0.0

    6

    70

    BOU-DD22-044

    North

    18.1

    26.7

    0.29

    42

    8.6

    0.0

    0.1

    0.1

    5

    78

    Including

    20.1

    21.1

    1.31

    41

    1.0

    0.0

    0.1

    0.0

    10

    169

    BOU-DD22-045

    North

    41.0

    41.8

    0.61

    47

    0.8

    0.0

    0.7

    1.6

    5

    214

    BOU-DD22-045

    North

    60.3

    61.5

    0.10

    40

    1.2

    0.0

    0.4

    0.8

    7

    109

    BOU-DD22-045

    North

    62.7

    65.7

    0.92

    111

    3.0

    0.0

    0.1

    0.4

    13

    226

    BOU-DD22-046

    North

    110.2

    111.0

    0.41

    32

    0.8

    0.0

    0.1

    0.2

    4

    84

    BOU-DD22-046

    North

    113.0

    114.2

    0.38

    59

    1.2

    0.0

    0.5

    0.6

    4

    145

    BOU-DD22-047

    North

    176.0

    177.1

    1.61

    350

    1.1

    0.3

    2.5

    1.3

    3

    689

    BOU-DD22-047

    North

    184.6

    185.3

    0.02

    88

    0.7

    0.0

    0.8

    2.7

    7

    260

    BOU-DD22-048

    North

    10.9

    11.9

    1.31

    8

    1.0

    0.0

    0.4

    0.0

    5

    144

    BOU-DD22-048

    North

    17.8

    19.1

    0.95

    64

    1.3

    0.0

    0.5

    0.0

    4

    173

    BOU-DD22-049

    North

    6.8

    8.6

    0.52

    26

    1.8

    0.0

    0.2

    0.0

    12

    83

    BOU-DD22-049

    North

    12.2

    13.1

    2.00

    77

    0.9

    0.0

    0.1

    0.0

    55

    273

    BOU-DD22-049

    North

    21.5

    22.7

    0.57

    4

    1.2

    0.0

    0.0

    0.0

    10

    62

    BOU-DD22-049

    North

    23.8

    27.5

    0.29

    34

    3.7

    0.0

    0.3

    0.1

    7

    77

    BOU-DD22-049

    North

    28.3

    28.9

    0.42

    8

    0.6

    0.0

    0.1

    0.0

    2

    54

    BOU-DD22-049

    North

    38.5

    41.7

    0.54

    117

    3.2

    0.0

    0.4

    0.2

    9

    192

    BOU-DD22-049

    North

    42.6

    43.6

    0.12

    35

    1.0

    0.0

    0.1

    0.1

    3

    55

    BOU-DD22-049

    North

    50.7

    51.5

    1.58

    11

    0.8

    0.0

    0.1

    0.1

    11

    165

    BOU-DD22-050

    North

    2.6

    5.0

    0.99

    12

    2.4

    0.0

    0.4

    0.0

    18

    120

    BOU-DD22-050

    North

    7.0

    9.0

    0.42

    12

    2.0

    0.0

    0.1

    0.0

    11

    56

    BOU-DD22-050

    North

    70.5

    71.0

    1.50

    87

    0.5

    0.0

    0.5

    5.5

    19

    546

    BOU-DD22-050

    North

    104.5

    114.0

    1.11

    94

    9.5

    0.1

    0.4

    1.0

    10

    276

    Including

    105.6

    109.5

    2.16

    191

    3.9

    0.1

    0.2

    0.3

    10

    431

    BOU-DD22-050

    North

    121.8

    122.9

    0.50

    16

    1.1

    0.0

    0.3

    0.6

    77

    110

    BOU-DD22-050

    North

    133.9

    135.5

    0.32

    24

    1.6

    0.0

    0.4

    0.1

    11

    77

    BOU-DD22-051

    Tizi South

    24.4

    26.0

    1.13

    16

    1.6

    0.0

    0.1

    0.0

    259

    144

    BOU-DD22-051

    Tizi South

    47.6

    48.4

    0.35

    16

    0.8

    0.0

    0.2

    0.2

    7

    67

    BOU-DD22-052

    Tizi South

    107.0

    107.8

    0.68

    8

    0.8

    0.0

    0.0

    0.1

    3

    79

    BOU-DD22-053

    Tizi North

    37.2

    38.3

    0.48

    40

    1.1

    0.0

    0.4

    0.5

    1

    127

    BOU-DD22-053

    Tizi North

    51.8

    54.0

    6.24

    41

    2.2

    0.0

    1.0

    1.4

    3

    736

    Including

    51.8

    52.4

    19.99

    67

    0.6

    0.0

    1.7

    2.2

    4

    2115

    BOU-DD22-054

    Tizi North

    52.8

    56.1

    0.43

    67

    3.3

    0.0

    0.5

    1.2

    3

    188

    BOU-DD22-054

    Tizi North

    78.8

    79.8

    0.85

    12

    1.0

    0.0

    0.3

    0.3

    3

    115

    BOU-DD22-054

    Tizi North

    89.9

    103.9

    0.38

    47

    14.0

    0.0

    1.4

    2.5

    8

    264

    BOU-DD22-055

    NSR

    0.0

    103.5

    0.00

    0

    103.5

    0.0

    0.0

    0.0

    0

    0

    BOU-DD22-056

    NSR

    0.0

    150.9

    0.00

    0

    150.9

    0.0

    0.0

    0.0

    0

    0

    BOU-DD22-057

    Imariren 2

    29.4

    30.5

    1.04

    17

    1.1

    0.0

    0.6

    0.7

    3

    170

    BOU-DD22-058

    Imariren 3

    30.0

    31.0

    0.96

    16

    1.0

    0.0

    0.4

    1.4

    4

    195

    BOU-DD22-058

    Imariren 3

    32.0

    32.5

    0.32

    32

    0.5

    0.0

    0.5

    2.5

    6

    214

    BOU-DD22-058

    Imariren 3

    47.8

    48.5

    1.18

    22

    0.7

    0.0

    0.5

    8.9

    2

    630

    BOU-DD22-059

    NSR

    0.0

    134.6

    0.00

    0

    134.6

    0.0

    0.0

    0.0

    0

    0

    BOU-DD22-060

    NSR

    0.0

    101.3

    0.00

    0

    101.3

    0.0

    0.0

    0.0

    0

    0

    BOU-DD22-061

    Imariren 4

    81.2

    82.2

    1.08

    8

    1.0

    0.0

    0.3

    0.9

    7

    172

    BOU-DD22-062

    North

    55.5

    56.2

    0.26

    40

    0.7

    0.0

    0.2

    0.2

    11

    80

    BOU-DD22-062

    North

    59.6

    65.0

    0.40

    32

    5.4

    0.0

    0.2

    2.0

    13

    187

    BOU-DD22-062

    North

    154.5

    155.8

    2.45

    39

    1.3

    0.1

    0.6

    0.6

    21

    329

    BOU-DD22-062

    North

    196.3

    197.0

    1.00

    29

    0.7

    0.1

    0.5

    1.4

    24

    232

    BOU-DD22-063

    NSR

    0.0

    179.1

    0.00

    0

    179.1

    0.0

    0.0

    0.0

    0

    0

    BOU-DD22-064

    NSR

    0.0

    152.7

    0.00

    0

    152.7

    0.0

    0.0

    0.0

    0

    0

    BOU-DD22-065

    NSR

    0.0

    154.9

    0.00

    0

    154.9

    0.0

    0.0

    0.0

    0

    0

    BOU-DD22-066

    NSR

    0.0

    152.3

    0.00

    0

    152.3

    0.0

    0.0

    0.0

    0

    0

    BOU-DD22-067

    NSR

    0.0

    224.9

    0.00

    0

    224.9

    0.0

    0.0

    0.0

    0

    0

    BOU-DD22-068

    NSR

    0.0

    100.0

    0.00

    0

    100.0

    0.0

    0.0

    0.0

    0

    0

    BOU-DD22-069

    South-Ouest

    129.9

    130.5

    0.02

    218

    0.6

    0.3

    13.6

    15.5

    0

    1529

    BOU-DD22-070

    NSR

    0.0

    100.7

    0.00

    0

    100.7

    0.0

    0.0

    0.0

    0

    0

    BOU-DD22-071

    NSR

    0.0

    194.8

    0.00

    0

    194.8

    0.0

    0.0

    0.0

    0

    0

    BOU-DD22-072

    NSR

    0.0

    162.8

    0.00

    0

    162.8

    0.0

    0.0

    0.0

    0

    0

    BOU-DD22-073

    NSR

    0.0

    152.1

    0.00

    0

    152.1

    0.0

    0.0

    0.0

    0

    0

    BOU-DD22-074

    NSR

    0.0

    156.9

    0.00

    0

    156.9

    0.0

    0.0

    0.0

    0

    0

    BOU-DD22-075

    NSR

    0.0

    155.3

    0.00

    0

    155.3

    0.0

    0.0

    0.0

    0

    0

    BOU-DD22-076

    South 5

    301.8

    302.6

    0.64

    16

    0.8

    0.1

    0.1

    0.0

    27

    89

    BOU-DD22-077

    South 5

    355.1

    355.9

    0.49

    1

    0.8

    0.0

    0.0

    0.0

    7

    49

    BOU-DD22-077

    South 5

    357.2

    358.3

    0.62

    7

    1.1

    0.0

    0.0

    0.0

    12

    69

    BOU-DD22-077

    South 5

    384.6

    387.1

    0.58

    22

    2.5

    0.0

    0.3

    0.3

    11

    104

    BOU-DD22-077

    South 5

    475.5

    476.5

    0.02

    64

    1.0

    0.1

    0.0

    0.1

    8

    85

    BOU-DD22-077

    South 5

    521.0

    527.6

    3.22

    26

    6.6

    0.0

    0.5

    0.7

    17

    385

    Including

    523.4

    524.6

    8.73

    62

    1.2

    0.0

    0.6

    2.5

    44

    1037

    BOU-DD22-078

    Central 1

    102.1

    102.8

    0.30

    49

    0.7

    0.1

    0.6

    6.1

    4

    438

    BOU-DD22-078

    Central 1

    105.7

    106.9

    0.32

    20

    1.2

    0.0

    0.5

    0.6

    5

    96

    BOU-DD22-078

    Central 1

    131.3

    131.9

    0.54

    24

    0.6

    0.0

    0.1

    0.1

    5

    86

    BOU-DD22-078

    Central 1

    304.6

    310.3

    0.83

    29

    5.7

    0.0

    0.9

    1.7

    9

    231

    Including

    304.6

    306.5

    1.29

    62

    1.9

    0.1

    2.3

    4.3

    8

    499

    BOU-DD22-078

    Central 1

    342.2

    343.0

    1.11

    9

    0.8

    0.0

    0.8

    1.0

    8

    191

    BOU-DD22-078

    Central 1

    770.8

    772.6

    0.47

    6

    1.8

    0.0

    0.2

    0.0

    12

    61

    BOU-DD22-078

    Central 1

    773.3

    776.2

    0.53

    13

    2.9

    0.0

    0.3

    0.1

    12

    82

    BOU-DD22-078

    Central 1

    803.0

    803.8

    0.34

    13

    0.8

    0.0

    0.8

    1.7

    11

    166

    BOU-DD22-079

    Central-South

    131.8

    133.2

    0.80

    42

    1.4

    0.0

    0.2

    2.5

    10

    262

    BOU-DD22-079

    Central-South

    135.6

    136.1

    0.93

    60

    0.5

    0.0

    1.8

    1.5

    10

    287

    BOU-DD22-080

    Central-South

    202.9

    210.0

    0.85

    420

    7.1

    0.2

    0.8

    2.9

    105

    707

    Including

    208.6

    210.0

    2.86

    1717

    1.4

    0.7

    3.5

    9.6

    28

    2715

    BOU-DD22-080

    Central-South

    215.1

    215.6

    1.47

    52

    0.5

    0.0

    1.2

    2.6

    12

    367

    BOU-DD22-081

    Central-South

    63.1

    63.6

    0.92

    12

    0.5

    0.0

    0.2

    0.6

    16

    140

    BOU-DD22-081

    Central-South

    255.4

    256.3

    0.67

    20

    0.9

    0.0

    0.3

    0.8

    205

    155

    BOU-DD22-081

    Central-South

    264.5

    265.2

    1.02

    27

    0.7

    0.0

    0.3

    0.6

    18

    168

    BOU-DD22-082

    Central-South

    111.3

    114.7

    0.40

    25

    3.4

    0.0

    0.2

    0.9

    10

    124

    BOU-DD22-082

    Central-South

    209.2

    209.7

    0.36

    17

    0.5

    0.0

    0.2

    0.5

    5

    86

    BOU-DD22-082

    Central-South

    212.2

    212.7

    0.28

    21

    0.5

    0.1

    0.2

    0.4

    1

    83

    BOU-DD22-082

    Central-South

    217.0

    217.5

    0.35

    12

    0.5

    0.0

    0.2

    0.3

    2

    66

    BOU-DD22-082

    Central-South

    305.4

    307.1

    0.78

    11

    1.7

    0.0

    0.1

    0.2

    29

    101

    BOU-DD22-082

    Central-South

    316.0

    317.0

    1.17

    20

    1.0

    0.1

    0.3

    0.4

    5

    171

    BOU-DD22-082

    Central-South

    322.9

    324.6

    1.62

    36

    1.7

    0.1

    0.7

    0.8

    7

    261

    BOU-DD22-082

    Central-South

    339.0

    340.1

    1.45

    24

    1.1

    0.0

    0.2

    0.1

    4

    168

    BOU-DD22-082

    Central-South

    361.4

    361.9

    0.27

    24

    0.5

    0.0

    0.5

    0.7

    9

    106

    BOU-DD22-082

    Central-South

    410.5

    411.1

    0.43

    32

    0.6

    0.4

    0.7

    3.1

    11

    312

    BOU-DD22-082

    Central-South

    419.1

    419.7

    0.40

    25

    0.6

    0.1

    1.0

    2.5

    6

    235

    BOU-DD22-082

    Central-South

    455.5

    456.0

    0.72

    17

    0.5

    0.0

    0.2

    0.5

    15

    124

    BOU-DD22-083

    Central-South

    159.6

    169.6

    0.58

    21

    10.0

    0.0

    0.5

    0.8

    12

    142

    BOU-DD22-084

    Central-South

    197.8

    198.6

    1.63

    44

    0.8

    0.1

    1.8

    2.3

    5

    393

    BOU-DD22-084

    Central-South

    206.5

    208.0

    0.76

    34

    1.5

    0.0

    1.9

    0.9

    8

    217

    BOU-DD22-084

    Central-South

    209.3

    210.0

    0.62

    16

    0.7

    0.0

    0.5

    0.8

    9

    132

    BOU-DD22-084

    Central-South

    272.1

    272.9

    0.60

    107

    0.8

    0.0

    0.4

    0.1

    10

    185

    BOU-DD22-084

    Central-South

    277.6

    278.2

    0.32

    20

    0.6

    0.1

    0.1

    0.3

    11

    77

    BOU-DD22-085

    NSR

    0.0

    154.5

    0.00

    0

    154.5

    0.0

    0.0

    0.0

    0

    0






    * 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 2 – Drillhole Coordinates of 2022 Boumadine Exploration Program



    DDH No.

    Easting

    Northing

    Elevation

    Azimuth

    Dip

    Length
    (m)

    BOU-DD22-040

    316978

    3477062

    1231

    250

    -50

    198

    BOU-DD22-041

    317027

    3477079

    1248

    250

    -50

    252

    BOU-DD22-042

    316523

    3477108

    1234

    250

    -50

    153

    BOU-DD22-043

    316571

    3477125

    1241

    250

    -50

    150

    BOU-DD22-044

    316605

    3477138

    1240

    250

    -50

    150

    BOU-DD22-045

    316639

    3477150

    1235

    250

    -50

    150

    BOU-DD22-046

    316682

    3477165

    1235

    250

    -50

    150

    BOU-DD22-047

    316721

    3477180

    1238

    250

    -50

    196

    BOU-DD22-048

    316765

    3477198

    1248

    250

    -50

    151

    BOU-DD22-049

    316804

    3477211

    1247

    250

    -50

    147

    BOU-DD22-050

    316840

    3477223

    1235

    250

    -50

    302

    BOU-DD22-051

    315485

    3476713

    1251

    270

    -50

    77

    BOU-DD22-052

    315525

    3476711

    1247

    270

    -50

    145

    BOU-DD22-053

    315363

    3477107

    1273

    270

    -50

    100

    BOU-DD22-054

    315401

    3477109

    1265

    270

    -50

    157

    BOU-DD22-055

    315563

    3477571

    1279

    90

    -50

    104

    BOU-DD22-056

    315523

    3477570

    1269

    90

    -50

    151

    BOU-DD22-057

    315626

    3477841

    1263

    90

    -50

    78

    BOU-DD22-058

    315639

    3477898

    1276

    90

    -50

    75

    BOU-DD22-059

    315607

    3477898

    1266

    90

    -50

    135

    BOU-DD22-060

    315656

    3477952

    1281

    90

    -50

    101

    BOU-DD22-061

    315619

    3477955

    1277

    90

    -50

    152

    BOU-DD22-062

    316899

    3477244

    1218

    250

    -50

    206

    BOU-DD22-063

    316966

    3477266

    1209

    250

    -50

    179

    BOU-DD22-064

    317042

    3477318

    1204

    250

    -50

    153

    BOU-DD22-065

    317115

    3477322

    1202

    250

    -50

    155

    BOU-DD22-066

    317199

    3477349

    1199

    250

    -50

    152

    BOU-DD22-067

    317292

    3477422

    1196

    250

    -50

    225

    BOU-DD22-068

    316315

    3474936

    1296

    315

    -50

    100

    BOU-DD22-069

    316346

    3474904

    1297

    315

    -50

    154

    BOU-DD22-070

    316300

    3475037

    1285

    135

    -50

    101

    BOU-DD22-071

    316272

    3475061

    1278

    135

    -50

    195

    BOU-DD22-072

    317292

    3474451

    1293

    70

    -50

    163

    BOU-DD22-073

    317259

    3474442

    1287

    70

    -50

    152

    BOU-DD22-074

    317218

    3474427

    1280

    70

    -50

    157

    BOU-DD22-075

    317188

    3474414

    1275

    70

    -50

    155

    BOU-DD22-076

    317153

    3474402

    1271

    70

    -50

    320

    BOU-DD22-077

    317116

    3474387

    1269

    70

    -50

    582

    BOU-DD22-078

    317637

    3476634

    1201

    250

    -50

    827

    BOU-DD22-079

    317091

    3475590

    1260

    250

    -50

    159

    BOU-DD22-080

    317147

    3475611

    1256

    250

    -50

    237

    BOU-DD22-081

    317202

    3475631

    1252

    250

    -50

    383

    BOU-DD22-082

    317258

    3475651

    1250

    250

    -50

    601

    BOU-DD22-083

    317318

    3475673

    1252

    250

    -50

    218

    BOU-DD22-084

    317368

    3475690

    1239

    250

    -50

    298

    BOU-DD22-085

    317427

    3475712

    1238

    250

    -50

    155

    BOU-DD22-086

    317038

    3475570

    1266

    250

    -50

    707




    SOURCE Aya Gold & Silver Inc

    For further information: Benoit La Salle, FCPA, President & CEO, benoit.lasalle@ayagoldsilver.com; Alex Ball, VP, Corporate Development & IR, alex.ball@ayagoldsilver.com