Aya Gold & Silver Extends Mineralization Along Strike and at Depth at Zgounder East
PRESS RELEASE
Aya Gold & Silver Extends Mineralization Along Strike and at Depth at Zgounder
East
Montreal, Quebec, March 17, 2022 - Aya Gold & Silver Inc. (TSX: AYA) (“A ya” or the “ Corporation”) is
pleased to report 25 additional high-grade silver assay results from the drill exploration program at the
Zgounder Silver Mine in the Kingdom of Morocco.
Key Highlights (all intersections are in core lengths)
o Extension of the eastern strike by DZG-21-25, which intercepted 1,187 grams per tonne (“g/t”)
silver (“Ag”) over 9m including 2,989 g/t Ag over 2.5m
o Definition of high -grade mineralization below the 1,950m level by DZG-SF-22-07, which
intercepted 1,748 g/t Ag over 8.5m
o Extension of the vertical depth of the eastern mineralization by DZF-21-27, which intercepted
1,149 g/t Ag over 11.5m including 904 g/t Ag over 5m
o Continuity of the central-eastern mineralization at the 2,050 level by DZF-SF-22-12, which
intercepted 1,794 g/t Ag over 5m
“Today’s high-grade silver results open up the eastern zone laterally and down dip beyond the previously
drilled intersections. Notably, hole DZG -SF-25 opens up near-surface mineralization 50 meters beyond
the last section drilled on strike to the east. Additionally, today’s results define a cluster of holes below
the mine workings in zones previously not well defined, outlining a new area below the 1,950 level . A
total of four rigs are now turning at Zgounder to add ounces and deliver value for shareholders ,” said
Benoit La Salle, President & CEO.
Included in this release are results for 25 diamond drill holes (“DDH”), which include five DDH from
surface and 20 underground holes. For a full summary of today’s results from the 2021 and 2022 drill
programs, refer to Appendix 1 for surface results and Appendix 2 for underground results.
Table 1 – Significant Intercepts from Drilling at Zgounder (core lengths)
Hole No. From (m) To (m) Length1 (m) Ag2 (g/t)
Surface
DZG-21-25
18.0 27.0 9.0 1,187
81.0 83.5 2.5 2,989
122.0 122.5 0.5 332
198.5 201.5 3.0 1,232
DZG-21-27
157.5 171.5 14.0 113
186.0 197.5 11.5 1,149
206.0 211.0 5.0 904
DZG-22-05
15.0 21.0 6.0 196
52.5 54.0 1.5 1,004
85.4 87.0 1.7 76
Underground
DZG-SF-21-17
25.0 29.5 4.5 1,180
38.0 39.0 1.0 176
83.0 84.5 1.5 100
DZG-SF-22-07 24.0 32.5 8.5 1,748
DZG-SF-22-12 19.5 23.0 3.5 529
68.0 73.0 5.0 1,794
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 from Surface and Underground Drilling as per
Appendixes 1 & 2
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 in Marrakech, Morocco. All samples are
analysed for silver, coppe r, iron, lead, and zinc using Aqua regia and finished by atomic absorption
spectroscopy (“AAS”). Samples grading above 200 g/t Ag are reanalysed using fire assaying.
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 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 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 prosp ects (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 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, the conversion of Inferred Mineral Resources into Measured and Indicated Mineral Resources
and future o pportunities 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 believ es 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, the
presence o f 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 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 2020 Annual Information Form dated March 31, 2021, and in other filings of Aya with
securities and regulatory authorities which a re available on SEDAR at www.sedar.com. Aya does not
undertake any obligation to update forward -looking statements shou ld 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 Surface Drilling at Zgounder (core lengths)
Hole No. From
(m)
To
(m)
Length1
(m)
Ag2
(g/t)
DZG-21-23 162.5 165.5 3.0 387
DZG-21-25
18.0 27.0 9.0 1,187
81.0 83.5 2.5 2,989
122.0 122.5 0.5 332
198.5 201.5 3.0 1,232
DZG-21-26
186.0 187.5 1.5 221
201.0 202.5 1.5 89
DZG-21-27
157.5 171.5 14.0 113
186.0 197.5 11.5 1,149
206.0 211.0 5.0 904
DZG-22-05
15.0 21.0 6.0 196
52.5 54.0 1.5 1,004
85.4 87.0 1.7 76
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-21-17 25 29.5 4.5 1,180
38 39 1.0 176
83 84.5 1.5 100
DZG-SF-21-17bis
23.5 29 5.5 75
59.5 60 0.5 192
67 71 4.0 165
DZG-SF-21-18
61 62 1.0 81
68.5 72.5 4.0 115
DZG-SF-21-18bis 27 32.5 5.5 351
65 68 3.0 166
DZG-SF-21-19 52.5 54 1.5 92
DZG-SF-21-20 63 66 3.0 77
DZG-SF-21-21 7 12 5.0 994
18.5 20 1.5 93
DZG-SF-21-22bis 25 25.5 0.5 110
57 58.5 1.5 121
61.5 63 1.5 185
DZG-SF-21-24 86.5 88 1.5 372
DZG-SF-21-25 7 8.5 1.5 420
28 28.5 0.5 116
34 35.5 1.5 88
DZG-SF-21-26
47.5 49 1.5 76
72 73 1.0 124
103 105 2.0 146
DZG-SF-22-03
38.5 40 1.5 187
65 66.5 1.5 132
DZG-SF-22-04
38.5 40 1.5 187
65 66.5 1.5 132
DZG-SF-22-05 41.5 55.5 14 202
DZG-SF-22-07 24 32.5 8.5 1,748
DZG-SF-22-09 35 38.5 3.5 270
DZG-SF-22-12 19.5 23 3.5 529
68 73 5.0 1,794
DZG-SF-22-14 4.5 9.5 5.0 504
DZG-SF-22-15 12 19.5 7.5 668
25 26 1.0 364
DZG-SF-22-17 21.5 23 1.5 192
35 39.5 4.5 340
57 58.5 1.5 79
59 60 1.0 76
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.