Aya Gold & Silver Reports High-Grade Results, Extending Mineralization to 4.2km at Boumadine Adds New Exploration Permit at Boumadine
PRESS RELEASE
Aya Gold & Silver Reports High-Grade Results, Extending Mineralization to
4.2km at Boumadine
Adds New Exploration Permit at Boumadine
Montreal, Quebec, September 18, 2023 - Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF) (“Aya” or
the “Corporation”) is pleased to announce new high-grade exploration drill results at Boumadine and
acquisition of a new adjacent exploration permit at Boumadine in the Kingdom of Morocco . The new
results extend the main mineralized trend by 400 meters and continue to demonstrate continuity of the
Boumadine Main Zone. The north area returned high -grade intersections , which expand the
mineralization both at depth and to the north, with section 5400N to the south extending Boumadine
Main trend as well. The Main Zone remains open in all directions.
Key Highlights1
• Definition of new high-grade mineralization and extension of the South Zone. The Main Zone
now has an open-ended strike length of over 4.2 kilometres (“km”).
o BOU-DD23-143 intersected 1,410 grams per tonne (“g/t”) silver equivalent (“AgEq”) over
9.3 meters (“m”) (12.34 g/t Au, 94 g/t Ag, 2.5% Zn, 0.4% Pb and 0.1% Cu) including 6.1m
at 1,796 g/t AgEq
o BOU-DD23-161 intersected 664 g/t AgEq over 8.4m ( 4.72 g/t Au, 122 g/t Ag, 1.1% Zn,
0.2% Pb and 0.3% Cu), including 3.9m at 1,280 g/t AgEq and 3.2m at 933 g/t AgEq
o BOU-DD23-168 intersected 698 g/t AgEq over 7.8m ( 4.36 g/t Au, 97 g/t Ag, 2.4% Zn,
1.3% Pb and 0.2% Cu), including 3.0m at 1,336 g/t AgEq
o BOU-DD23-152 intersected 928 g/t AgEq over 5.9m ( 7.42 g/t Au, 153 g/t Ag, 0.3% Zn,
1.7% Pb and 0.1% Cu), including 4.9m at 1,056 g/t AgEq
o BOU-DD23-162 intersected 748 g/t AgEq over 7.2m ( 6.39 g/t Au, 82 g/t Ag, 0.8% Zn,
0.4% Pb and 0.1% Cu), including 1.3m at 1,661 g/t AgEq and 3.2m at 933 g/t AgEq
o BOU-DD23-148 intersected 456 g/t AgEq over 10.4m ( 2.63 g/t Au, 64 g/t Ag, 2.4% Zn,
0.1% Pb and 0.1% Cu), including 2.3m at 1,195 g/t AgEq
• Acquisition of a 16 km ² exploration permit e ast of Boumadine as part of a rea llocation of
exploration permits by the Moroccan Directorate of Mines.
• A video of the Boumadine property showing drilling results to August 2023 can be viewed here.
“Today’s high-grade drill results at Boumadine confirm the continuity and extension of the mineralized
footprint of the Main Zone in every direction,” said Benoit La Salle, President & CEO. “We have completed
61% of our expanded drill exploration program and as the new Boumadine video shows, extended the
Boumadine strike length by over 55% to 4.2 kilometers in the past 12 months. We have also added prime
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
exploration ground nearby and continue to consolidate and drill the property, which will 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-DD23-126 7000N 297.5 298.1 21.67 37 0.6 0.2 0.1 0.0 3 2083
BOU-DD23-138 8775N 79.3 90.0 1.49 35 10.7 0.1 0.3 1.3 12 266
Including 86.7 89.0 5.14 90 2.3 0.2 0.7 4.1 30 839
BOU-DD23-139 7925N 251.9 253.0 9.60 29 1.1 0.0 0.2 0.9 6 985
BOU-DD23-139 7925N 251.9 253.8 6.36 23 1.9 0.0 0.4 0.8 7 675
BOU-DD23-139 7925N 512.3 521.1 2.45 20 8.8 0.1 0.1 0.2 4 279
Including 512.3 514.7 6.66 37 2.4 0.1 0.3 0.2 5 698
BOU-DD23-140 8775N 36.7 43.0 0.66 34 6.3 0.0 0.4 3.9 6 321
Including 37.8 38.4 2.80 126 0.6 0.1 2.0 26.2 6 1875
BOU-DD23-140 8775N 50.3 52.5 3.04 71 2.2 0.0 0.4 6.7 70 737
BOU-DD23-140 8775N 75.0 78.4 1.15 43 3.4 0.0 0.7 2.7 51 324
BOU-DD23-140 8775N 145.4 147.8 3.13 123 2.4 0.2 0.3 1.1 13 515
BOU-DD23-141 7550N 184.3 186.8 2.85 39 2.5 0.3 0.6 0.3 10 384
BOU-DD23-143 8775N 32.6 36.6 3.11 106 4.0 0.0 0.8 0.0 20 427
BOU-DD23-143 8775N 46.6 58.0 0.84 68 11.4 0.0 0.5 1.8 34 263
Including 55.1 57.0 3.43 68 1.9 0.0 1.1 5.6 34 732
BOU-DD23-143 8775N 131.9 140.7 0.96 27 8.8 0.1 0.7 4.5 48 397
Including 137.0 138.2 3.21 44 1.2 0.1 0.5 7.6 50 779
BOU-DD23-143 8775N 199.4 205.7 0.51 30 6.3 0.0 1.6 3.0 21 294
BOU-DD23-143 8775N 214.6 223.9 12.34 94 9.3 0.1 0.4 2.5 26 1410
Including 217.2 223.3 16.04 122 6.1 0.2 0.3 2.6 27 1796
BOU-DD23-143 8775N 267.3 270.4 1.55 71 3.1 0.4 1.3 0.4 15 336
Including 267.3 268.7 3.08 128 1.4 0.9 2.2 0.7 19 645
BOU-DD23-143 8775N 299.9 303.4 4.31 56 3.5 0.1 0.5 0.0 112 497
Including 299.9 301.3 8.93 83 1.4 0.3 0.7 0.0 217 986
BOU-DD23-146 8775N 169.0 171.1 1.06 86 2.1 0.1 4.9 8.3 19 802
BOU-DD23-146 8775N 326.2 329.5 3.89 69 3.3 0.1 0.4 1.8 21 554
Including 326.2 328.3 5.44 82 2.1 0.1 0.3 1.6 23 704
BOU-DD23-148 8125N 215.4 225.8 2.63 64 10.4 0.1 0.1 2.4 7 456
Including 221.5 223.8 5.50 182 2.3 0.2 0.3 8.5 3 1195
BOU-DD23-152 8775N 195.3 197.6 1.05 88 2.3 0.1 3.7 6.4 8 660
BOU-DD23-152 8775N 207.8 213.7 1.02 123 5.9 0.0 3.5 5.7 7 645
BOU-DD23-152 8775N 270.1 276.0 7.42 153 5.9 0.1 1.7 0.3 14 928
Including 270.1 275.0 8.52 175 4.9 0.1 2.0 0.2 12 1056
BOU-DD23-152 8775N 350.7 352.7 5.12 89 2.0 0.5 0.4 0.5 18 666
BOU-DD23-155 8325N 30.2 33.5 2.71 275 3.3 0.1 1.5 9.4 103 1103
BOU-DD23-156 8675N 101.6 114.3 1.49 36 12.7 0.1 0.5 1.7 15 297
Including 101.6 103.0 5.96 110 1.4 0.5 0.5 2.2 13 872
BOU-DD23-157 8125N 254.3 256.1 4.37 69 1.8 0.3 0.1 0.4 23 543
BOU-DD23-158 8325N 113.9 117.2 1.87 44 3.3 0.1 0.9 8.4 6 720
BOU-DD23-158 8325N 168.9 171.0 3.68 31 2.1 0.1 0.5 0.6 6 432
BOU-DD23-160 8675N 27.4 29.7 1.56 233 2.3 0.1 1.0 8.9 35 902
BOU-DD23-160 8675N 39.9 41.6 1.56 151 1.7 0.0 2.3 10.7 19 954
BOU-DD23-160 8675N 162.8 165.7 2.31 135 2.9 0.2 0.8 1.3 11 468
BOU-DD23-161 8325N 186.9 195.3 4.72 122 8.4 0.3 0.2 1.1 6 664
Including 190.4 194.3 8.81 248 3.9 0.5 0.5 2.3 6 1280
BOU-DD23-162 8675N 66.2 70.8 1.06 52 4.6 0.0 0.1 2.5 237 308
BOU-DD23-162 8675N 80.9 88.8 0.92 74 7.9 0.0 0.3 1.5 119 260
Including 81.8 85.7 1.16 132 3.9 0.0 0.6 2.6 175 414
BOU-DD23-162 8675N 114.9 120.4 0.27 70 5.5 0.0 0.9 6.0 5 450
BOU-DD23-162 8675N 128.3 129.9 2.57 112 1.6 0.2 4.4 22.2 8 1712
BOU-DD23-162 8675N 190.6 194.8 2.00 205 4.2 0.2 0.2 0.2 4 437
BOU-DD23-162 8675N 237.2 244.4 6.39 82 7.2 0.1 0.4 0.8 8 748
Including 238.4 239.7 14.04 214 1.3 0.3 0.6 1.5 15 1661
Including 241.2 244.4 8.09 81 3.2 0.1 0.5 1.2 9 933
BOU-DD23-164 8325N 249.8 250.7 0.03 44 0.9 1.3 1.3 27.6 7 1745
BOU-DD23-168 8325N 97.0 104.6 1.27 18 7.6 0.0 0.4 1.7 15 244
BOU-DD23-168 143.9 151.7 4.36 97 7.8 0.2 1.3 2.4 77 698
Including 148.7 151.7 10.46 198 3.0 0.3 0.7 1.7 69 1336
BOU-DD23-193 5400N 316.9 322.8 0.57 167 5.9 0.0 2.7 4.4 149 554
Including 321.8 322.8 2.22 678 1.0 0.0 9.2 9.9 647 1754
BOU-DD23-193 5400N 405.8 408.5 0.64 109 2.7 0.0 1.9 4.7 614 523
BOU-DD23-197 5400N 489.1 505.9 0.58 53 16.8 0.0 0.6 1.2 192 205
Including 500.2 504.9 1.09 78 4.7 0.0 0.8 0.8 362 274
BOU-DD23-197 5400N 531.9 534.2 0.87 266 2.3 0.0 3.6 8.0 212 907
* 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: Location of New Boumadine Permit and Geological Context
Figure 2 – Surface Plan of Boumadine Property with Magnetic Data (Residual Total Field) and 2023
Drill Holes
2023 Exploration Results
To date, 233 diamond drill holes (“DDH”) for a total of 48,276m have been completed at Boumadine in
2023 (Figure 2 and Appendix 2). Both infill and exploration drilling were conducted on strike along the
Main Trend (South, Central, and North Zones). The 76,000m program is expected to be complete by the
end of December 2023.
Drill results have been received for all drill holes up to BOU -DD23-164 with the addition of holes BOU -
DD23-168, BOU-DD23-169, BOU-DD23-193 and BOU-DD23-197 (Table 1, Figure 4, Figure 5, and Appendix
1).
Results received since July 2023 extend the mineralization an additional 200m to the south with BOU -
DD23-193 and BOU-DD23-197 intersecting the upper-part of the Main Trend mineralization in the form
of massive sulphide veins. Relogging activities, which b egan at the beginning of the year to add past
drilling to the database, have increased the mineralization by an additional 200m to the north.
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
Figure 3 – Longitudinal View of Boumadine Main Zone
Figure 4 – Surface Plan of South Zone with New 2023 DDH Results
Figure 5 – Surface Plan of Central & North Zones with New 2023 DDH Results
Next Steps
The 76,000m drilling program is 61% complete and is expected to be completed by the end of December
2023. RSC Consulting Limited has been mandated to conduct a NI 43 -101-compliant mineral resource
estimate of Boumadine which the Corporation intends to publish in 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 are transported in sealed bags for analysis at Afrilab laboratory in
Marrakech. Standards of different grades and blanks are 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.