Aya Gold & Silver Reports High -Grade Boumadine Exploration Results, Expands Imariren to 1km and Identifies New High-Grade Asirem Zone to the West
PRESS RELEASE
Aya Gold & Silver Reports High -Grade Boumadine
Exploration Results, Expands Imariren to 1km and
Identifies New High-Grade Asirem Zone to the West
Montreal, Quebec, July 7, 2025 - Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF) (“Aya” or the
“Corporation”) is pleased to announce new high-grade drill exploration results from its 2025 program at
Boumadine in the Kingdom of Morocco. Today's results also extend the Imariren mineralized trend to 1
kilometer (“km”) and confirm high-grade continuity along the Boumadine Main Trend. In addition, Aya is
pleased to announce that it has identified a new mineralized high-grade at-surface zone to the west.
Highlights1
• New prospective high-grade Asirem zone identified to the west of
Boumadine Main Trend, with grab samples including 3.34 g/t gold
(“Au”) and 4.0% copper (“Cu”).
• High-grade intercepts on the Boumadine Main Trend (5.4km):
• BOU-MP25-038 intercepted 258 grams per tonne (“g/t”) silver equivalent (“AgEq”) over 3.3
meter (“m”) (2.85 g/t Au, 27 g/t silver (“Ag”), 0.1% zinc (“Zn”), 1.0% lead (“Pb”) and
0.05% Cu, including 563 g/t AgEq over 1.3m (6.13 g/t Au, 65 g/t Ag, 0.3% Zn, 0.2% Pb and
0.1% Cu)
• BOU-MP25-028 intercepted 286 g/t AgEq over 4.3m (3.27 g/t Au, 19 g/t Ag, 0.3% Zn,
0.1% Pb and 0.1% Cu), including 460 g/t AgEq over 2.1m (5.46 g/t Au, 26 g/t Ag, 0.05% Zn,
0.1% Pb and 0.1% Cu)
• High-grade intercepts on the Tizi Zone (2km):
• BOU-DD25-547 intercepted 248 g/t AgEq over 9.0m (0.42 g/t Au, 80 g/t Ag, 3.6% Zn,
1.8% Pb and 0.04% Cu)
• BOU-DD24-540 intercepted 480 g/t AgEq over 2.0m (3.27 g/t Au, 53 g/t Ag, 1.1% Zn,
5.2% Pb and 0.2% Cu)
• Extension of Imariren strike length to 1km:
• BOU-DD25-503 intercepted 876 g/t AgEq over 1.0m (9.92 g/t Au, 49 g/t Ag, 1.6% Zn,
0.2% Pb and 0.1% Cu)
• BOU-DD25-529 intercepted 365 g/t AgEq over 2.0m (3.66 g/t Au, 52 g/t Ag, 0.5% Zn,
0.5% Pb and 0.1% Cu)
• Completed 79,732m of drilling at Boumadine year-to-date in 2025.
1. All intersections are in core lengths. Ag equivalent is based on a silver price of US$24/oz with a process recovery of 89%, a gold
price of US$2,200/oz with a process recovery of 85%, a zinc price of US$1.20/lb with a process recovery of 72%, a lead pri ce of
US$1.00/lb with a process recovery of 85%, and a copper price of US$4.00/lb with a process recovery of 75% resulting in the
following ratios: 1g/t Au: 77.9 g/t Ag; 1% Cu: 85.4 g/t Ag; 1% Pb: 24.2 g/t Ag; and 1% Zn: 24.6 g/t Ag.
“We are excited to have identified the new Asirem gold-copper zone at surface to the west of the
Boumadine Main Trend — a new prospective target that highlights Boumadine’s potential to become
a large-scale, high-grade project,” said Benoit La Salle, President & CEO. “We are well positioned to
quickly drill test this new regional target, and the structure can now be traced to the west over 9km. In
addition, high-grade holes BOU-MP25-038 and BOU-MP25-028 confirm strong continuity of the
Boumadine Main Trend at depth, while hole BOU-DD25-529 extends the footprint south at Imariren.
With over 8.4km of mineralized strike length, we continue to demonstrate Boumadine’s significant
resource growth potential.”
Table 1 – Significant Intercepts from Boumadine Drill Exploration Program (Core Lengths)
DDH No.
From To Au Ag Length* Cu Pb Zn Mo Ag Eq**
(m) (m) (g/t) (g/t) (m) (%) (%) (%) (g/t) (g/t)
BOU-DD25-503 224.2 225.2 9.92 49 1.0 0.1 0.2 1.6 6 876
BOU-DD25-529 134.4 136.4 3.66 52 2.0 0.0 0.5 0.5 5 365
BOU-DD25-533 204.3 207.7 1.18 61 3.4 0.2 0.1 3.7 13 266
Including 206.1 207.7 2.19 87 1.6 0.3 0.2 5.9 13 436
BOU-DD25-537 119.9 124.3 1.46 30 4.4 0.0 0.2 0.8 119 174
BOU-DD25-540 69.0 71.0 3.27 53 2.0 0.2 5.2 1.1 3 480
BOU-DD25-547 117.0 126.0 0.42 80 9.0 0.0 1.8 3.6 5 248
BOU-MP25-026 238.5 243.2 0.58 36 4.7 0.1 1.3 7.2 12 296
BOU-MP25-028 392.1 396.4 3.27 19 4.3 0.1 0.1 0.3 8 286
Including 392.1 394.2 5.46 26 2.1 0.1 0.1 0.0 10 460
BOU-MP25-031 279.1 282.0 2.47 21 2.9 0.1 0.2 0.7 7 242
BOU-MP25-038 437.7 441.0 2.85 27 3.3 0.0 0.1 0.1 2 258
Including 437.7 439.0 6.13 65 1.3 0.1 0.2 0.3 2 563
BOU-MP25-039 521.0 525.0 2.86 13 4.0 0.0 0.1 0.2 1 246
Including 521.0 523.0 3.91 19 2.0 0.1 0.1 0.4 1 339
BOU-MP25-042 194.0 196.0 2.82 31 2.0 0.1 0.7 1.9 7 322
* True width remains undetermined at this stage; all values are uncut.
** Ag equivalent is based on a silver price of US$24/oz with a process recovery of 89%, a gold price of US$2,200/oz with a process
recovery of 85%, a zinc price of US$1.20/lb with a process recovery of 72%, a lead price of US$1.00/lb with a process recover y of
85%, and a copper price of US$4.00/lb with a process recovery of 75% resulting in the following ratios: 1g/t Au: 77.9 g/t Ag; 1% Cu:
85.4 g/t Ag; 1% Pb: 24.2 g/t Ag; and 1% Zn: 24.6 g/t Ag
Figure 1 - Boumadine Mining Licence Surface Plan with Magnetic Data (Residual Total Field) and
2025 Drill Holes
Figure 2 - Boumadine Property Surface Plan with 2025 Drill Holes
2025 Exploration Results
This year, 148 diamond drill holes (“DDH”), 31 reverse circulation holes (“RC”) and 15 multi-purpose drill
holes (“MP”) totaling 79,732m have been completed at Boumadine (Figure 1, Figure 2 and Appendix 2).
Drilling was conducted on strike along the Main Trend (North Zones), Tizi, Imariren as well as on some
regional targets. The majority of results have been received for drill holes up to BOU -DD25-557 (Table
1, Figure 3, and Appendix 1).
Results received so far in 2025, including holes BOU-MP25-038 and BOU-MP25-028, confirm the high-
grade continuity of the Main Trend , which remains open in all directions. Today’s results , with BOU -
DD25-529 and BOU -DD25-547, also confirm the continuity of the Tizi Zone and extend Imariren
mineralization to 1.0km. The Imariren and Tizi zones also remain open in all directions.
The main mineralization generally measures 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.
Tizi and Imariren share the same characteristics except for their N000 orientation.
Figures 4 and 5 shows the newly receive grab results on the western most permit , recently acquired.
Strong gold and copper results helped identify the new Asirem high-grade mineralization at-surface,
which will be test drilled in the coming months. The Au -Cu anomalies coincide with a strong N080
geophysical feature and a regional fault. This major structure can be traced for over 9km within our new
western exploration permits.
Figure 3 – Surface Plan of Boumadine North, Imariren and Tizi Zones with New DDH Results
Figure 4 – Surface Map of Boumadine Property with Simplified Geology and Au Grab Results
Figure 5 – Surface Map of Boumadine Property with Simplified Geology and Cu Grab Results
Next Steps
Significant upside potential exists to expand the Boumadine Main Trend, which currently extends 5.4km,
the Tizi Zone, which currently extends 2.0km and the Imariren Zone, with a current extension of 1.0km;
the three trends remain open in all directions. Currently, the Corporation has mobilized drill rigs to
complete the 1 00,000m to 140,000m drilling program. Half of the drilling will focus along the Main
Trend, Imariren and Tizi to continue extending the known mineralization trend along strike and at depth
and to infill known areas advancing the project towards a preliminary economic assessment . The
remaining 50% will focus on greenfield exploration designed to test geological hypotheses and drill
targets generated from the past th ree years of work. The results from ongoing geology work will
determine additional development work.
Technical Information
Aya has implemented a quality control program to comply with best practices in sampling and analysis
of drill core and RC chips. 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 (“Afrilab”) in Marrakech,
Morocco. For drilling using RC, all individual samples represent 1.0m in length and a repre sentative
portion is kept for every meter in some chip trays stored on site. A split samples representing 1/16 th,
ranging from 2 to 4 kilogram is sent for preparation and assaying to Afrilab in Marrakech, Morocco.
All samples are analyzed for silver, copper, iron, lead, zinc, tin, and molybdenum using Aqua regia and
finished by atomic absorption spectroscopy (“AAS”). Samples grading above 200 g/t Ag are reanalyzed
using fire assaying. Gold is assayed by fire assaying. 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, Vice-President 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 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
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 “expand”, “Identify”, “extend”, “confirm”, “prospective”, “target”,
potential”, “become”, “position”, “co ntinue”, “potential”, “to complete” , 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 (1) confirmation of high -grade continuity along the Boumadine Main
Trend and the extension of the Imariren mineralized trend to 1 kilometer ; (2) identification of a new
mineralized high-grade at-surface zone to the west for potential future exploration; (3) identification of
the new prospective high-grade Asirem zone to the west of Boumadine Main Trend for potential future
exploration; (4) identification of the Asirem gold-copper zone as a new prospective target; (5) potential
of Boumadine to become a large -scale, high-grade project; (6) intention and readiness to quickly drill
test the newly identified Asirem regional target ; (7) mineralized structure at Boumadine to be traced
over 9 kilometers, supporting future exploration potential; (8) continued demonstration of Boumadine’s
significant resource growth potential; (9) high-grade continuity within the Main Trend and its continued
potential for extension, as it remains open in all directions ; (10) continuity in the Tizi Zone and the
extension of mineralization at Imariren to 1.0 km; (11) potential for continued extension and exploration
at the Tizi and Imariren zones, which remain open in all directions; (12) identification of the new Asirem
high-grade surface mineralization ; (13) intention to drill test the new Asirem high -grade surface
mineralization in the coming months; (14) major mineralized structure to be traced for over 9 kilometers
within the newly acquired western exploration permits, supporting future exploration potential ; (15)
potential to expand the Boumadine Main Trend, Tizi Zone, and Imariren Zone, all of which remain open
in all directions; (16) execution of the planned 100,000 to 140,000 meter drilling program at Boumadine;
(17) continuation and success of the exploration program, including the extension of mineralization ;
(18) advancement of the project toward a preliminary economic assessment; (19) focus of future drilling
on greenfield exploration and testing of geological hypotheses and targets generated over the past three
years; (20) expectation that ongoing geological work will guide and determine further development
activities. 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 certa in 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, 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), silver price, exchange
rates, fuel and energy costs, future economic conditions, anticipated future estimates of free cash flow,