(1) Boumâadine, Boumadine, Bou madine : the name Boumâadine is an Arabic name of the mine site which mean the Father for Bou and Metals for Mâadine, hence the father of all metals.
(1) Boumâadine, Boumadine, Bou madine : the name Boumâadine is an Arabic name of the mine site which
mean the Father for Bou and Metals for Mâadine, hence the father of all metals.
PRESS RELEASE
Maya Continues to Intersect Sulfide Mineralisation at Boumâadine
5 on 5 in Central Zone and 2 on 2 in South Z one
______________________________________________________________________
Montreal, Québec -‐ March 2, 2018 – Maya Gold & Silver Inc. (“Maya” or the “Corporation”)
(TSXV: MYA) is pleased to announce that its drilling program at Boumâadine (1) continues to deliver
positive results as all the verification holes , to date have intersected polymetallic sulfide
mineralization.
In spite o f severe weather conditions, affecting the exploration operations, the company has
completed 1756.9m of drilling as of February 26 th 2018.
The holes are drilled in Ignimbrite and Andesite. These rocks are intruded by hydrothermal
breccia, veinlets, veins, disseminated and massive sulfides . The sulfides are mainly pyrite,
sphalerite, galena and to a lesser level chalcopyrite.
The intersections are v ery close to the scheduled target depth planned by GoldMinds Geoservices
Inc.’s model projection. The core is being logged and sampled with a half core sample being sent
to an independent laboratory. Due to hazardous road conditions in the last months, the decision
was made to postpone assaying and send the mineralized intersections in batches. Results will be
disclosed once received, interpreted and validated .
The following links figures present the results of the holes drilled in the central zone and the south
zone.
Click here for central zone.
Click here for south zone.
“The drill holes at Boumâadine are encouraging as they intersect the mineralization. As previously
stated, we will have to wait for the assay results to better evaluate our success. The severe
weather conditions in the area with snow and heavy rains will have the benefit of filling the
aquifers for agriculture as well as for exploration and processing purposes. We are continuing our
development to bring value in the company for the benefits of all sh areholders. Come and visit us
at PDAC Toronto next week . We will be there to discuss and answer any questions you may have ,
“said Noureddine Mokaddem , President and CEO of Maya.
About Boumâadine
The Boumâadine Agreement is a joint venture with L’Office National des Hydrocarbures et des
Mines, referred to as ONHYM, whereby Maya is to acquire 85% of the Boumadine polymetallic
deposit located in the Anti -‐Atlas Mountains of eastern Morocco. ONHYM has awarded
Boumâadine to Maya after evaluating international te nders. The Boumâadine polymetallic
deposit has historical estimate (1992) of 4,096,000t grading 3.8% Zn, 1.5% Pb, 200 g/t Ag
(23.9M oz) and 3.50 g/t Au (418,000 oz) and has a great potential for resources expansion within
the 32 square kilometers property.
Boumâadine Highlights
-‐ Historical Production (1964 to 1989)*: 261,485 t @ 3.8 % Zn, 1.5 % Pb, 200 g/t Ag and
3.50 g/t Au. A selective flotation process produced Pb-‐Zn concentrates and only 18-‐23% Ag and
10-‐14% Au were recovered.
-‐ Historical estimates (1992)*: 4,096,000 t grading 3.8 % Zn, 1.5 % Pb, 200 g/t Ag (23.9M oz) and
3.50 g/t Au (418,000 oz).
-‐ From 1964 to 1992, 32,800 m of drilling was conducted at Boumâadine and 6,036 m of
adits/raises and 638 m of shaft were excavated.
-‐ Surface tailings-‐mineralized material*: ~240,000t @ 224 g/t Ag (1.6 M oz), 2.73 g/t Au (19,000
oz), 0.20 % Pb, 0.62 % Zn and 21.50% S
The Boumâadine polymetallic deposit is interpreted as low-‐intermediate sulphidation epithermal
silver-‐gold base metal deposit, with the potential of discovering copper and gold porphyry-‐type
mineralization at depth.
About ONHYM
ONHYM is a state-‐owned company responsible for the promotion of the mining and oil activities of
the Kingdom of Morocco. Based on previous works at Boumâadine, ONHYM has estimated in 1992
historical estimates* of 3,837,970 t.
-‐ Historical Measured estimates: 1,043,010 t at 0.77% Pb, 3.65 % Zn, 186 g/t Ag and 3.66 g/t Au
-‐ Historical Indicated estimates: 869,960 t at 0.65 % Pb, 3.12 % Zn, 171 g/t Ag and 1.56 g/t Au
*A qualified person has not done sufficient work to classify the historical estimate as current
mineral resources or mineral reserves; and Maya is not treating the historical estimate as current
mineral resources or mineral reserves.
* Cautionary Statement:
-‐ This information was initially provided by ONHYM.
-‐ This estimate is treated as historic information and has not been verified or relied upon for
economic evaluation by Maya. These Historical Mineral Estimates do not refer to any category
of sections 1.2 and 1.3 of the NI-‐43-‐101 Instrument such as Mineral Resources or Mineral
Reserves as stated in the CIM Definition Standards on Mineral Resources and Mineral Reserves
(2010). The explanation lies in the inability by Maya at this stage to verify the data acquired by
the various historical drilling campaigns and underground works. Maya
has not done sufficient work to classify the Historical Mineral estimate as current Mineral
Resources or Mineral Reserves. Finally, Maya is not aware of more recent estimates or data
available to the issuer.
Qualified Persons
The technical content of this news release has been prepared and reviewed based on the
information’s received from Maya/ONHYM by Claude Duplessis Eng. Geological Engineer from
GoldMinds Geoservices Inc, independent Qualified Person under NI 43-‐101 standards.
ABOUT MAYA
Maya Gold & Silver Inc. is a Canadian publicly listed mining corporation focused on the
exploration and development of gold and silver deposits in Morocco. Maya is initiating mining and
milling operations at its Zgounder Mine owned by ZMSM, a Maya 85% owned joint venture with
l’Office National des Hydrocarbures et des Mines of the Kingdom of Morocco (15%).
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Forward-‐looking statements
This news release contains statements about our future business and planned activities. These are
"forward-‐looking" because we have used what we know and expect today to make a statement
about the future. Forward-‐looking statements including but are not limited to comments
regarding the timing and content of upcoming work and analyses. Forward-‐looking statements
usually include words such as may, intend, plan, expect, anticipate, and believe or other similar
words. We believe the expectations reflected in these forward-‐looking statements are reasonable.
However, actual events and results could be substantially different because of the risks and
uncertainties associated with our business or events that happen after the date of this news
release. You should not place undue reliance on forward-‐looking statements. As a general policy,
we do not update forward-‐looking statements except as required by securities laws and
regulations.
For further information contact:
Maya Gold & Silver Inc.
Noureddine Mokaddem
President and CEO
+1 514-‐978-‐6111/+212 661-‐196-‐111
Maya Gold & Silver Inc.
Sophy Cesar
Investor Relations
514-‐866-‐2008
www.mayagoldsilver.com