Aya Gold & Silver Extends Mineralization South of Main Zone and Discovers New At-Surface Northwest Zone at Boumadine Boumadine Main Zone Now Extends 3.8 Kilometers
PRESS RELEASE
Aya Gold & Silver Extends Mineralization South of Main Zone and Discovers
New At-Surface Northwest Zone at Boumadine
Boumadine Main Zone Now Extends 3.8 Kilometers
Montreal, Quebec, July 5 , 2023 - Aya Gold & Silver Inc. (TSX: AYA ; OTCQX: AYASF ) (“A ya” or the
“Corporation”) is pleased to announce new high-grade exploration drill results at Boumadine, located in
the Kingdom of Morocco. These results extend the main mineralized trend by 400 metres and continue
to demonstrate continuity of the Boumadine Main Zone. Section 5600N delivered strong results and
remains open to the south while the new zone in the northwest significantly opens the potential at
surface and can be followed over 1.5 kilometers.
Key Highlights1
• Definition of new high-grade mineralization and extension of the South Zone. The Main Zone,
which now extends over 3.8 kilometres (“km”), is open at both ends along strike and at depth.
o BOU-DD23-142 intersected 475 grams per tonne (“ g/t”) silver equivalent (“AgEq”) over
11.8 meters (“m”) (0.97 g/t Au, 88 g/t Ag, 4.2% Zn, 1.6% Pb and 0.01% Cu) including 4.2m
at 625 g/t AgEq
o BOU-DD23-111 intersected 539 g/t AgEq over 9.6m ( 1.76 g/t Au, 1 34 g/t Ag, 3.9% Zn,
0.5% Pb and 0.1% Cu), including 3.1m at 1,367 g/t AgEq
o BOU-DD23-125 intersected 459 g/t AgEq over 4.8m ( 0.71 g/t Au, 205 g/t Ag, 1.8% Zn,
2.5% Pb and 0.01% Cu), including 1.2m at 1,111 g/t AgEq
o BOU-DD23-117 intersected 481 g/t AgEq over 3.3m ( 4.31 g/t Au, 28 g/t Ag, 0. 4% Zn,
0.3% Pb and 0.2% Cu), including 1.9m at 746 g/t AgEq
o BOU-DD22-121 intersected 456 g/t AgEq over 3 .6m ( 4.19 g/t Au, 34 g/t Ag, 0.1% Zn,
0.1% Pb and 0.2% Cu), including 3.1m at 512 g/t AgEq
• Extension of the Main Zone by 400m to the south to 3.8 km of strike length, which remains open
in all directions.
• Discovery of a new mineralized zone in the Northwest through the surface mapping program,
with surface samples return ing values up to 460 g/t AgEq over a >1.5km structure of N030
orientation.
• First site visit conducted by RSC Consulting Limited, which has been mandated to conduct a NI
43-101-compliant mineral resource estimate of Boumadine.
“Today’s high-grade drill results at Boumadine confirm the continuity and extension of the mineralized
footprint south of the Main Zone. We have also discovered a new mineralized structure at surface to
1 All intersections are in core lengths; Ag equivalent is based on a 100% recovery with the following ratios: 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
the north, which increases the resource potential ,” said Benoit La Salle, President & CEO. “ We have
completed 85% of our drill exploration program and extended the Boumadine strike length by over 40%
to 3.8 kilometers in the past 10 months. We have subsequently identified several other high impact drill
targets and mobilized 5 drill rigs to deliver value for all stakeholders.”
Table 1 – Significant Intercepts from 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-DD23-107 6400N 333.4 347.8 1.17 26 14.4 0.1 0.9 0.6 14 211
Including 337.7 342.0 2.98 43 4.3 0.3 1.2 1.4 17 469
BOU-DD23-110 6750N 389.0 397.1 0.69 100 8.1 0.0 0.1 0.1 15 174
BOU-DD23-111 7000N 6.1 15.7 1.76 134 9.6 0.1 0.5 3.9 16 539
Including 11.6 14.7 3.88 360 3.1 0.2 1.1 10.7 24 1,367
BOU-DD23-113 7000N 88.2 92.6 1.41 35 4.4 0.1 1.3 1.9 27 321
Including 90.3 91.7 3.00 55 1.4 0.1 1.9 4.3 43 648
BOU-DD23-116 7000N 116.2 120.2 1.80 22 4.0 0.1 0.7 1.1 17 281
BOU-DD23-117 7000N 153.6 158.3 2.83 21 4.7 0.1 0.1 0.2 14 309
Including 153.6 156.4 3.93 28 2.8 0.1 0.1 0.2 15 428
BOU-DD23-117 7000N 195.3 198.6 4.31 28 3.3 0.2 0.3 0.4 18 481
Including 196.0 197.9 7.07 38 1.9 0.2 0.1 0.4 20 746
BOU-DD23-119 7125N 232.7 245.6 1.28 29 12.9 0.1 0.3 0.3 11 185
Including 242.6 245.6 3.31 38 3.0 0.2 0.2 0.2 9 390
BOU-DD23-121 7000N 223.3 226.9 4.19 34 3.6 0.2 0.1 0.1 7 456
Including 223.3 226.4 4.74 38 3.1 0.2 0.1 0.0 7 512
BOU-DD23-121 7000N 237.6 240.4 2.95 26 2.8 0.2 0.1 0.6 10 360
BOU-DD23-125 5600N 295.6 300.4 0.71 205 4.8 0.0 2.5 1.8 185 459
Including 295.6 296.8 1.56 533 1.2 0.0 7.4 3.3 257 1,111
BOU-DD23-136 5600N 445.3 447.0 0.77 90 1.7 0.0 1.2 6.2 1,171 607
BOU-DD23-136 5600N 475.5 478.2 1.17 294 2.7 0.0 0.1 0.1 145 424
BOU-DD23-136 5600N 494.9 496.4 0.84 137 1.5 0.0 2.6 6.4 13 650
BOU-DD23-142 5600N 577.1 581.5 0.80 66 4.4 0.0 1.0 0.8 106 227
BOU-DD23-142 5600N 599.2 611.0 0.97 88 11.8 0.0 1.6 4.2 296 475
Including 606.8 611.0 1.57 130 4.2 0.0 2.0 4.5 669 625
* 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.
Figure 1 – Surface Plan of Boumadine Property with Magnetic Data (Residual Total Field) and 2023
Drill Holes
2023 Exploration Results
To date, 85 diamond drill holes (“ DDH”) for a total of 31,205m have been completed at Boumadine
(Figure 1 and Appendix 3). Both infill and exploration drilling were conducted on strike along the main
trend (South and Central zones). The 36,000m budgeted program is expected to be complete by the end
of July 2023.
Drill results have been received for all drill hole s up to BOU-DD23-131 with the addition of holes BOU-
DD23-136 and BOU-DD23-142 (Table 1, Figure 2, and Appendix 1).
Results received in June extend the mineralization an additional 400m to the south with BOU-DD23-125,
BOU-DD23-136 and BOU -DD23-142 intersecting high-grade mineralization in the form of massive
sulphide veins.
The main mineralization generally consists of 1m to 4m wide (locally reaching over a 10m width) N340-
oriented massive sulphide lenses/veins sharply dipping eastward (> 70°). The massive sulphide veins
(>80%) are mainly composed of pyrite, with variable proportions of sphalerite, galena, and chalcopyrite.
Figure 2 presents the results of the Boumadine Main Zone shown on a longitudinal section along the
deposit, defining ore shoots shallowly dipping toward south, in both the Central and South Zones.
In addition, detail mapping was conducted on the entire project, increasing our geological understanding
of the mineralized events and the main geological settings . In particular, two major sets of faulting
events can be recognized: a N030 faulting event that cross-cut Boumadine Main Trend (N340) and may
be responsible for the Au-Zn enrichment of the mineralization; and a N070 fault event cutting both N340
and N070 structures that seems to be responsible for the Ag-Pb enrichment. In parallel, 127 surface
grab samples were taken (36 are still pending), which allowed us to identify a new mineralized structure
in the northwest of the property (see Figure 4) . The structure, which can be followed for over 1.5km ,
returned assay values of 460 g/t AgEq (Appendix 2). This discovery demonstrates the potential outside
of the Boumadine Main Trend.
Figure 2 – Longitudinal View of Boumadine Main Zone
Figure 3 – Surface Plan of South Zone with New 2023 DDH Results
Figure 4 – Surface Plan of Property with Simplified Geology and 2023 Surface Samples
Next Steps
The 36,000m drilling program is 85% complete and is expected to be completed by the end of July 2023.
Relogging and resampling of historical drill holes is also expected to be completed in July. The
Corporation expects to use both data sets in estimating an NI 43-101 compliant resource by Q1-2024.
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:
Benoit La Salle, FCPA, MBA
President & CEO
Alex Ball
VP, Corporate Development & IR
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enhancing development at Zgounder, and timing for the release of the Company's disclosure in
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