Aya Gold & Silver Drill Program Highlights High-Grade Continuity at Depth and to the East at Zgounder
PRESS RELEASE
.
Aya Gold & Silver Drill Program Highlights High-Grade Continuity at Depth and
to the East at Zgounder
Montreal, Quebec, April 12, 2022 - Aya Gold & Silver Inc. (TSX: AYA ; OTC QX: AYASF) (“A ya” or the
“Corporation”) is pleased to report drill results from its drill exploration program at the Zgounder Silver
Mine in the Kingdom of Morocco
Key Highlights (all intersections are in core lengths)
o Increase of the production area below the 2,000 meter (“m”) and 1,975m levels including
o T28-21-1988-272, which intercepted 1, 039 grams per tonne (“g/t”) silver (“Ag”) over
26.4m;
o T28-21-R2-1988-664, which intercepted 1,492 g/t Ag over 4.8m; and
o T28-21-1988-275, which intercepted 1,564 g/t Ag over 3.6m and 315 g/t Ag over 1.2m
o Extension of the eastern strike by DZG-21-03, which intercepted 1,284 g/t Ag over 6m
o Continued definition at the 1,975m level including
o T28-21-1975-387, which intercepted 2,280 g/t Ag over 6m;
o T28-21-1975-381bis, which intercepted 742 g/t Ag over 15.6m; and
o T28-21-1975-286, which intercepted 716 g/t Ag over 9.6m
“We are very pleased with today’s results, which will contribute meaningfully to our next resource
estimate. Our infill drill program continues to have terrific success, extending both continuity and
thickness between the 2,000 and 1,975 meter levels. Highlight intercepts include hole T28-21-1988-272,
which defined significant silver mineralisation over 26 meters next to current mine workings. Additionally,
our step-out surface holes continue to intersect high-grade minerali zation, which is increasing the
resource envelope to the east,” said Benoit La Salle, President & CEO.
Included in this release are results for 76 underground diamond drill holes (“DDH”), which include 5
surface, 15 underground DDH and 56 T28 electric percussion holes. For a full summary of today’s results
from the 2021 drill programs, refer to Appendixes 1 and 2.
Table 1 – Significant Intercepts from Drilling at Zgounder (core lengths)
Hole No. From (m) To (m) Length1 (m) Ag2 (g/t)
Surface
DZG-21-03
39.00 41.50 3.50 309
51.00 55.00 6.00 1,284
including 0.50 4,736
including 0.50 6,080
DZG-21-11
18.50 21.50 3.00 80
24.50 26.00 1.50 88
47.00 49.50 2.50 1,863
including 0.50 7,040
including 0.50 2,000
57.50 59.00 1.50 1,584
DZG-21-13 127.50 128.50 1.00 1,608
Underground
T28-21-1975-330 10.80 12.00 1.20 2,097
T28-21-1988-275 3.60 7.20 3.60 1,564
18.00 19.20 1.20 315
T28-21-1988-272 0.00 26.40 26.40 1,039
including 1.20 3,137
including 1.20 3,316
including 1.20 3,369
including 1.20 3,239
including 1.20 1,937
including 1.20 2,169
including 1.20 2,094
T28-21-R2-1988-664 2.40 7.20 4.80 1,492
including 1.20 1,557
including 1.20 2,401
including 1.20 1,715
T28-21-R2-1988-664bis 1.20 6.00 4.80 933
including 1.20 2,170
T28-21-1975 -286 15.60 25.20 9.60 716
including 1.20 1,097
including 1.20 1,087
including 1.20 1,078
T28-21-1975-378bis 15.60 16.80 1.20 208
22.80 26.40 3.60 1,312
including 1.20 1,594
including 1.20 1,739
T28-21-1975-387 0.00 6.00 6.00 2,280
including 1.20 2,769
including 1.20 1,589
including 1.20 6,583
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.
Figure 1: Location of DDH Results at Zgounder as per Appendixes 1 & 2
Quality Assurance
For core drilling, all individual samples represent approximately one metre 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 Min ing 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 sample s represent 1.2m in length.
Samples are assayed at either the Zgounder Mine Laboratory (“ZMSM”) 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.
Marc-Antoine Audet, Ph.D. P. Geo, Geological Consultant, 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 prospec tive 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 FCA
President & CEO
Alex Ball
VP, Corporate Development & IR
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 “confirm”, “demonstrate”, “continuity”, “potential”, “continue”, “expand”,
“seems”, and similar expressions or statements that certain actions, events or results “may”, “could”,
“would”, “might”, “will”, or are “likely” to be taken, occur o r 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, the conversion of Inferred Mineral Resources into Measured and Indicated Mineral Resources
and future opportunities for enhancing development at Zgounder . 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 t o be incorrect. These
assumptions include, among other things, the ability to obtain any requisite governmental approvals, the
presence of artisanal miners, 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 fu ture 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 risk s 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 2021 Annual Information Form dated March 31, 2022, and in other filings of Aya with
securities and regulatory authorities which are available on SEDAR at www.sedar.com. 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 solici tation to buy or sell Aya securities. All references to Aya
include its subsidiaries unless the context requires otherwise.
Appendix 1 - Mineral Intercepts from Surface Drilling at Zgounder (core lengths)
Hole No. From
(m)
To
(m)
Length1
(m)
Ag2
(g/t)
DZG-21-03 39.00 41.50 3.50 309
51.00 55.00 6.00 1,284
including 0.50 4,736
including 0.50 6,080
DZG-21-10 19.50 23.50 4.00 195
68.00 69.00 1.00 128
DZG-21-11 18.50 21.50 3.00 80
24.50 26.00 1.50 88
47.00 49.50 2.50 1,863
including 0.50 7,040
including 0.50 2,000
57.50 59.00 1.50 1,584
DZG-21-12 33.00 34.50 1.50 116
DZG-21-13 127.50 128.50 1.00 1,608
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.
Appendix 2 - Mineral Intercepts from Underground Drilling at Zgounder (core lengths)
Hole No. From
(m)
To
(m)
Length1
(m)
Ag2
(g/t)
DZG-SF-22-16 6.00 7.00 1.00 156
14.50 15.00 0.50 256
19.50 22.50 3.00 210
DZG-SF-22-17 21.50 23.00 1.50 192
35.00 39.50 4.50 340
57.00 58.50 1.50 79
59.00 60.00 1.00 76
DZG-SF-22-18 3.50 9.50 6.00 173
DZG-SF-22-21 9.50 11.00 1.50 209
DZG-SF-22-23 10.00 11.00 1.00 80
DZG-SF-22-24 18.50 19.00 0.50 76
DZG-SF-22-26 7.00 10.00 3.00 96
18.00 19.50 1.50 81
22.50 25.50 3.00 136
DZG-SF-22-27 76.00 77.50 1.50 76
DZG-SF-22-29 17.00 20.50 3.50 85
30.50 31.10 0.60 76
DZG-SF-22-36 18.00 19.50 1.50 76
24.00 25.50 1.50 480
DZG-SF-22-38 33.50 34.00 0.50 248
55.00 56.00 1.00 77
DZG-SF-22-40 18.00 19.00 1.00 204
DZG-SF-22-42 68.50 69.50 1.00 230
DZG-SF-22-46 18.50 20.00 1.50 172
DZG-SF-22-47 7.50 9.00 1.50 100
T28 Drilling
T28-21-1975-330 10.80 12.00 1.20 2,097
T28-21-1975-333 0.00 2.40 2.40 104
7.20 12.00 4.80 408
T28-21-1975-330bis 4.80 6.00 1.20 229
10.80 12.00 1.20 85
T28-21-1975-333bis 0.00 3.60 3.60 564
7.20 12.00 4.80 247
T28-21-1975-336 0.00 1.20 1.20 89
3.60 4.80 1.20 80
7.20 8.40 1.20 97
T28-21-1975-335bis 9.60 15.60 6.00 837
20.40 26.40 6.00 128
T28-21-1975-342 0.00 3.60 3.60 569
19.20 22.80 3.60 288
T28-21-1975-342bis 1.20 3.60 2.40 192
T28-21-1975-337 18.00 21.60 3.60 123
T28-21-1975-337bis 9.60 12.00 2.40 931
T28-21-1975-340 21.60 22.80 1.20 234
T28-21-21975-364bis 14.40 15.60 1.20 128
T28-21-1975-372bis 2.40 3.60 1.20 404
T28-21-1975-372 4.80 6.00 1.20 164
14.40 15.60 1.20 84
T28-21-1988-376 0.00 3.60 3.60 148
T28-21-1975-382bis 6.00 7.20 1.20 192
T28-21-1975-366 12.00 15.60 3.60 208
25.20 26.40 1.20 320
T28-21-2000-363 9.60 10.80 1.20 136
T28-21-1975-379bis 12.00 13.20 1.20 87
T28-21-1988-275 3.60 7.20 3.60 1,564
18.00 19.20 1.20 315
T28-21-1988-275bis 3.60 6.00 2.40 485
T28-21-1975-277bis 24.00 25.20 1.20 168
T28-21-1988-272 0.00 26.40 26.40 1,039
including 1.20 3,137
including 1.20 3,316
including 1.20 3,369
including 1.20 3,239
including 1.20 1,937
including 1.20 2,169
including 1.20 2,094
T28-21-1988-273 2.40 3.60 1.20 241
9.60 10.80 1.20 317
T28-21-1988-273bis 9.60 10.80 1.20 289
T28-21-1988-274 0.00 3.60 3.60 169
T28-21-2000-302bis 0.00 7.20 7.20 454
T28-21-2000-303 0.00 2.40 2.40 89
10.80 12.00 1.20 78
T28-21-2000-303bis 0.00 2.40 2.40 95
T28-21-2125-431 4.80 6.00 1.20 720
T28-21-2125-444 8.40 9.60 1.20 190
T28-21-2125-447 20.40 25.20 4.80 277