Aya Gold & Silver Intercepts 1,383 g/t Ag over 13.5m, Extending Zgounder High- Grade Silver Mineralisation Further at Depth
PRESS RELEASE
*Grade over 1,000 g/t Ag
Aya Gold & Silver Intercepts 1,383 g/t Ag over 13.5m, Extending Zgounder High-
Grade Silver Mineralisation Further at Depth
Montreal, Quebec, November 17, 2021 - Aya Gold & Silver Inc. (TSX: AYA) (“Aya” or the “Corporation”)
is pleased to report additional high-grade silver results from the ongoing 2021 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 mineralised trend below the 1975 level by ZG-SF-21-67 which encountered
1,383 grams per tonne (“g/t”) silver (“Ag”) over 13.5 meters (“m”) including
o 10,960 g/t Ag over 0.5m
o 10,435 g/t Ag over 0.5m
o 5,000 g/t Ag over 0.5m
o 3,002 g/t Ag over 0.5m
o 1,598 g/t Ag over 0.5m
o Confirmation of the eastern vertical continuity 200m below surface with ZG-21-51 which
generated 1,615 g/t Ag over 8.5m including
o 11,360 g/t Ag over 0.5m
o 8,840 g/t Ag over 0.5m
o 1,840 g/t Ag over 0.5m
o 1,752 g/t Ag over 0.5m
o Ongoing definition of high-grade* mineralisation below the 2,030m level with ZG-21-50 which
returned 2,446 g/t Ag over 4.0m including
o 10,635 g/t Ag over 0.5m
o 8,080 g/t Ag over 0.5m
in addition to 5,778 g/t Ag over 2.0m including
o 15,240 g/t Ag over 0.5m
o 6,075 g/t Ag over 0.5m
o 1,528 g/t Ag over 0.5m
o Continued definition of eastern high-grade minerali sation with ZG-21-43 which returned
2,311 g/t Ag over 2.0m including
o 2,080 g/t Ag over 2.0m
o 1,821 g/t Ag over 3.0m
“Today’s results confirm high-grade continuity along strike and at depth to the east. These outstanding
results also demonstrate high -grade continuity below the current resource and outline the upside
potential outside of our current resource drill-out area. In particular, intersection ZG-SF-21-67 opens up a
previously untested area below the mining operations. Our upcoming resource estimate is expected to
represent a first step in expanding Zgounder , which remains open where we are currently drilling ,” said
Benoit La Salle, President & CEO.
Included in this release are results for 30 diamond drill holes (“DDH”), which include eight DDH from
surface and 22 underground holes. For a full summary of today’s results from the 202 1 drill program,
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
ZG-21-43 6.00 7.50 1.50 264
177.00 181.00 4.00 100
224.00 226.00 2.00 2,311
270.00 273.00 3.00 1,821
359.50 361.00 1.50 148
376.00 377.50 1.50 2,080
448.00 449.50 1.50 124
451.00 452.50 1.50 88
ZG-21-50 102.00 106.00 4.00 2,446
including 0.50 8,080
including 0.50 10,635
113.50 116.50 3.00 182
173.50 175.50 2.00 5,778
including 0.50 1,528
including 0.50 15,240
including 0.50 6,075
ZG-21-51 48.50 53.00 4.50 167
69.00 71.00 2.00 122
154.00 154.50 0.50 152
212.50 213.00 0.50 96
219.50 228.00 8.50 1,615
including 0.50 1,752
including 0.50 11,360
including 0.50 8,840
including 0.50 1,840
232.50 234.00 1.50 480
392.00 399.50 7.50 159
ZG-21-58 3.00 4.50 1.50 92
45.50 46.50 1.00 80
132.50 133.50 1.00 80
136.00 139.00 3.00 1,703
including 0.50 3,920
including 0.50 3,560
152.50 154.00 1.50 113
211.50 212.50 1.00 120
Underground
ZG-SF-21-50 3.00 4.50 1.50 1,871
87.00 88.00 1.00 1,012
ZG-SF-21-52 20.00 25.50 5.50 994
34.00 34.50 0.50 1,044
37.50 38.00 0.50 160
45.00 46.50 1.50 189
60.00 61.50 1.50 76
71.00 74.00 3.00 614
ZG-SF-21-53 0.00 3.00 3.00 106
59.00 60.50 1.50 1,547
63.00 63.50 0.50 114
ZG-SF-21-62 5.50 8.00 2.50 1,606
ZG-SF-21-66 18.00 19.50 1.50 76
42.00 43.50 1.50 1,452
51.00 54.00 3.00 420
56.50 58.50 2.00 700
ZG-SF-21-67 19.50 23.50 4.00 135
70.50 84.00 13.50 1,383
including 0.50 1,598
including 0.50 5,000
including 0.50 10,960
including 0.50 10,435
including 0.50 3,002
125.50 127.00 1.50 96
ZG-SF-21-77 36.00 38.00 2.00 2,865
including 0.50 9,584
48.00 49.50 1.50 244
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, 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, 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 wh ich 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 prospects (includin g the timing and
development of new deposits and the success of exploration activities) and other opportunities.
Wherever possible, words such as “confirm”, “continuity”, “potential”, “continue”, “expand”, “potential”,
“plans”, “expects”, “believe”, “intend”, 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 opportunities 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 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 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 requisi te
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 (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 rel iance
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 f actors, 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 solic itation 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-21-43 6.00 7.50 1.50 264
177.00 181.00 4.00 100
224.00 226.00 2.00 2,311
270.00 273.00 3.00 1,821
359.50 361.00 1.50 148
376.00 377.50 1.50 2,080
448.00 449.50 1.50 124
451.00 452.50 1.50 88
ZG-21-46 4.50 6.00 1.50 380
23.50 25.00 1.50 228
30.50 32.00 1.50 124
56.50 60.00 3.50 273
97.50 98.50 1.00 485
ZG-21-49 21.00 22.50 1.50 590
ZG-21-50 102.00 106.00 4.00 2,446
including 0.50 8,080
including 0.50 10,635
113.50 116.50 3.00 182
173.50 175.50 2.00 5,778
including 0.50 1,528
including 0.50 15,240
including 0.50 6,075
ZG-21-51 48.50 53.00 4.50 167
69.00 71.00 2.00 122
154.00 154.50 0.50 152
212.50 213.00 0.50 96
219.50 228.00 8.50 1,615
including 0.50 1,752
including 0.50 11,360
including 0.50 8,840
including 0.50 1,840
232.50 234.00 1.50 480
392.00 399.50 7.50 159
ZG-21-52 40.50 41.50 1.00 192
96.50 98.00 1.50 168
ZG-21-58 3.00 4.50 1.50 92
45.50 46.50 1.00 80
132.50 133.50 1.00 80
136.00 139.00 3.00 1,703
including 0.50 3,920
including 0.50 3,560
152.50 154.00 1.50 113
211.50 212.50 1.00 120
ZG-21-59 97.00 97.50 0.50 76
164.00 165.00 1.00 366
199.00 201.50 2.50 121
256.00 257.00 1.00 830
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-21-41 4.00 4.50 0.50 166
ZG-SF-21-43 15.50 16.00 0.50 76
44.50 49.00 4.50 309
59.50 61.00 1.50 132
ZG-SF-21-45 5.00 6.00 1.00 156
ZG-SF-21-46 7.50 10.50 3.00 204
26.00 32.00 6.00 252
41.00 42.50 1.50 96
84.00 85.50 1.50 160
ZG-SF-21-47 25.50 28.50 3.00 310
ZG-SF-21-49 286.00 287.50 1.50 92
300.00 301.00 1.00 104
ZG-SF-21-50 3.00 4.50 1.50 1,871
87.00 88.00 1.00 1,012
ZG-SF-21-52 20.00 25.50 5.50 994
34.00 34.50 0.50 1,044
37.50 38.00 0.50 160
45.00 46.50 1.50 189
60.00 61.50 1.50 76
71.00 74.00 3.00 614
ZG-SF-21-53 0.00 3.00 3.00 106
59.00 60.50 1.50 1,547
63.00 63.50 0.50 114
ZG-SF-21-54 83.50 84.50 1.00 204
ZG-SF-21-56 7.00 10.00 3.00 225
15.00 23.50 8.50 603
ZG-SF-21-58 27.00 28.50 1.50 824
67.00 68.00 1.00 84
ZG-SF-21-60 46.50 52.00 5.50 207
63.50 65.00 1.50 84
101.50 103.00 1.50 76
ZG-SF-21-62 5.50 8.00 2.50 1,606
ZG-SF-21-63 28.00 29.00 1.00 112
51.00 54.00 3.00 526
ZG-SF-21-65 3.00 7.50 4.50 287
ZG-SF-21-66 18.00 19.50 1.50 76
42.00 43.50 1.50 1,452
51.00 54.00 3.00 420
56.50 58.50 2.00 700
ZG-SF-21-67 19.50 23.50 4.00 135
70.50 84.00 13.50 1,383
including 0.50 1,598
including 0.50 5,000
including 0.50 10,960
including 0.50 10,435
including 0.50 3,002
125.50 127.00 1.50 96
ZG-SF-21-71 5.50 7.50 2.00 262
ZG-SF-21-77 36.00 38.00 2.00 2,865
including 0.50 9,584
48.00 49.50 1.50 244
ZG-SF-21-78 27.00 28.50 1.50 76
ZG-SF-21-79 37.00 38.00 1.00 181
47.50 48.00 0.50 116
55.00 56.50 1.50 220
59.50 61.50 2.00 155
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.