Aya Gold & Silver Intercepts 2,887 g/t Ag over 5.5m and Further Extends the Zgounder East Zone
PRESS RELEASE
Aya Gold & Silver Intercepts 2,887 g/t Ag over 5.5m and Further Extends the
Zgounder East Zone
Montreal, Quebec, July 7, 2021 - Aya Gold & Silver Inc. (TSX: AYA) (“A ya” or the “ Corporation”) is
pleased to announce additional high-grade silver results from its 2021 drill exploration program that
extend mineralization along strike and at depth of the new Zgounder East Zone in the Kingdom of
Morocco.
Key Highlights (all intersections are in core lengths)
• Extension of the mineralisation at depth to the granite contact within the exploration target
with ZG-21-21, which intersected 2,887 grams per tonne (“g/t”) Ag over 5.5m, including
o 5,920 g/t Ag over 0.5m
o 3,120 g/t Ag over 0.5m
o 8,800 g/t Ag over 0.5m
o 8,160 g/t Ag over 0.5m
• Continuation of the mineralized system and definition of the new eastern zone with
ZG-21-22, which intersected 1,010 g/t Ag over 5m, including
o 4,320 g/t Ag over 0.5m
o 2,560 g/t Ag over 0.5m
o 1,608 g/t Ag over 0.5m
• Continuation of high-grade mineralization below current mine workings with
ZG-SF-21-12, which intersected 1,879 g/t Ag over 6.0m, including
o 6,422 g/t Ag over 0.5m
o 3,929 g/t Ag over 0.5m
o 3,249 g/t Ag over 0.5m
o 2,871 g/t Ag over 0.5m
• Extension of on-strike mineralization with
o T28-21-2100-142, which intersected 1,931 g/t Ag over 4.8m
o T28-21-2100-144, which intersected 2,553 g/t Ag over 1.2m
• Mineralization remains open on strike and at depth
“Today’s high-grade results confirm continuity and expand mineralization along strike and down dip of
the recently discovered eastern zone at Zgounder. The addition of intersection ZG-21-22 to our inventory
of mineralized zones and the delineation of additional zones bring us closer to achieving our mineral
resource target to support our feasibility study and the expansion of Zgounder,” said Benoit La Salle,
President & CEO.
Assay results were received for eight surface core holes, five underground core holes , and 13 T28
electric percussion holes, which continue to confirm the mineralized potential at depth as well as in the
eastern extension of the Zgounder Mine (see Figure 1). For a comprehensive summary of today’s results
from the 202 1 drill program, please refer to App endix 1 of this press release 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
ZG-21-21 306.50 312.00 5.50 2,887
including 0.50 5,920
including 0.50 3,120
including 0.50 8,800
including 0.50 8,160
including 0.50 3,520
331.00 333.50 2.50 510
351.00 355.50 4.50 306
ZG-21-22 162.50 164.50 2.00 345
167.00 169.00 2.00 91
258.00 263.00 5.00 1,010
including 0.50 4,320
including 0.50 2,560
including 0.50 1,608
Underground
ZG-SF-21-12 1.50 7.50 6.00 1,879
including 0.50 1,964
including 0.50 2,493
including 0.50 2,871
including 0.50 3,249
including 0.50 6,422
including 0.50 3,929
8.50 9.00 0.50 91
54.50 56.50 2.00 117
77.00 79.00 2.00 120
T28-21-2100-142 21.60 26.40 4.80 1,931
T28-21-2100-144 12.00 13.20 1.20 2,553
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 from Surface and Underground Drilling at Zgounder
2021 Exploration Program
To date, over 26, 800m of the 41,000m drilling program scheduled in 2021 have been carried out on
Zgounder, of which 15,000m were drilled at surface. Eight diamond drilling rigs are currently turning on
the property.
Quality Assurance
For core drilling, all individual samples represent approximately one meter in length of core, which was
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, copper, 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, Ge ological 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.
Since its appointment in mid -2020, Aya’s new management team ha s been focused on maximising
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 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 “plans”, “expects”, “does not expect”, “deliver”, “plan”, “scheduled”,
“trends”, “indications”, “potential”, “estimates”, “predicts”, “anticipate”, “to establish”, “does not
anticipate”, “believe”, “intend”, “ability to” 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 it s 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 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 (i ncluding, 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, in cluding 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 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 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)
ZG-21-16 193.00 194.50 1.50 135
240.00 241.50 1.50 290
205.00 206.00 1.00 84
259.50 261.00 1.50 289
ZG-21-17 1.50 2.50 1.00 184
5.50 6.50 1.00 84
16.00 17.50 1.50 180
23.50 26.50 3.00 578
169.50 172.50 3.00 284
186.50 187.50 1.00 116
229.00 230.00 1.00 240
245.00 250.50 5.50 303
258.00 259.00 1.00 360
ZG-21-18 283.50 285.00 1.50 92
289.50 290.00 0.50 128
ZG-21-19 187.00 188.50 1.50 120
193.50 195.50 2.00 142
ZG-21-20 180.00 181.00 1.00 84
264.50 265.50 1.00 196
ZG-21-21 306.50 312.00 5.50 2,887
including 0.50 5,920
including 0.50 3,120
including 0.50 8,800
including 0.50 8,160
including 0.50 3,520
331.00 333.50 2.50 510
351.00 355.50 4.50 306
ZG-21-22 162.50 164.50 2.00 345
167.00 169.00 2.00 91
258.00 263.00 5.00 1,010
including 0.50 4,320
including 0.50 2,560
including 0.50 1,608
ZG-21-25 172.50 173.00 0.50 2,048
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)
ZG-SF-21-08 8.50 10.00 1.50 476
42.50 45.00 2.50 130
ZG-SF-21-09 0.00 1.00 1.00 76
10.00 11.00 1.00 151
13.50 15.00 1.50 80
22.50 26.00 3.50 206
67.00 70.00 3.00 112
96.50 98.00 1.50 84
ZG-SF-21-10 16.00 17.50 1.50 180
19.50 20.50 1.00 128
31.50 35.00 3.50 302
65.00 66.00 1.00 76
ZG-SF-21-12 1.50 7.50 6.00 1,879
including 0.50 1,964
including 0.50 2,493
including 0.50 2,871
including 0.50 3,249
including 0.50 6,422
including 0.50 3,929
8.50 9.00 0.50 91
54.50 56.50 2.00 117
77.00 79.00 2.00 120
ZG-SF-21-13 9.50 11.50 2.00 259
21.00 24.00 3.00 271
T28-21-2030-125 0.00 2.40 2.40 586
T28-21-2030-127 6.00 7.20 1.20 149
T28-21-2030-129 6.00 8.40 2.40 522
25.20 26.40 1.20 142
T28-21-2030-130 14.40 19.20 4.80 493
20.40 25.20 4.80 89
T28-21-2030-134 4.80 6.00 1.20 83
T28-21-2100-141 12.00 14.40 2.40 772
T28-21-2100-142 21.60 26.40 4.80 1,931
T28-21-2100-144 8.40 9.60 1.20 258
12.00 13.20 1.20 2,553
16.80 18.00 1.20 292
T28-21-2100-144bis 12.00 14.40 2.40 522
T28-21-2100-147 12.00 13.20 1.20 78
T28-21-2100-167 0.00 3.60 3.60 552
T28-21-1975-151 7.20 8.40 1.20 79
16.80 20.40 3.60 103
T28-21-1975-157 0.00 6.00 6.00 303
10.80 13.20 2.40 89
16.80 19.20 2.40 96
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.