Maya Gold & Silver intersect 481 g/t Ag over 8m in surface trench to the East at Zgounder Silver Mine
PRESS RELEASE
Maya Gold & Silver intersect 481 g/t Ag over 8m in surface trench
to the East at Zgounder Silver Mine
Blainville, Québec- May 16, 2017 – Maya Gold & Silver Inc. (“Maya” or the “Corporation”) (TSXV:
MYA) is pleased to provide a progres s update on its 2017 spring diamond dr ill program at
its Zgounder Silver Mine Morocco. The Corporation is also pleased to announce the results
near surface of its first trench in undeveloped sector to the East of the mine has provided
encouraging results.
Highlights:
• TRZG_EXT-6-17R1 intersected copper oxides zones
• TRZG_EXT-6-17R1 intersected 481 g/t Ag over 8 meters (the trench is being
expanded)
o Including 724 g/t Ag over 5 meters
• Higher grade silver mineralization near contact with the Rhyolite contact to the south
The five holes drilled in fan pattern toward south inclined at 45 degrees intersected native silver
and sulfides mineralization zones below the trench TRZG-EXT-6-17T1, on an undeveloped sector to
the East of the mine adjacent to previous hole ZG-EXT-06.
“This is a very exciting result for Maya at the beginning of this drilling campaign. This discovery
clearly shows the ancient and previous owners have not only left unprocessed mineral deposits,
but also significant silver mineralization to be discovered and developed. These initial results bring
a new perspective and additional insights to the area to the East of our Zgounder Mine and
indicate a validation of our belief of the existence a larger mineralization zone ” said Noureddine
Mokaddem, President of Maya.
GoldMinds Geoservices Inc (“Goldminds”) representatives were on site last week to review
procedures, sampling and verify access for the scan. Next week is scheduled to be the start of an
update scan program of the main openings and extractions zones and drifts by GoldMinds with
Geosight Cavity Monitoring System (CMS).
It is also important to note the development that level 1975, 25 meters below main level 2000 has
been dewatered, a ccess has been installed and this level is now accessible, whi ch will permit
surveying and should allow the calculation and reclassification of inferred mineralized blocks from
previous statements into upper resource categories.
As press released on April 19, 2017, the Corporation began a 6,000 meter drill program and to
date 5 HQ diameter holes drilled in fan pattern in opposite direction of the ZG -EXT-06 have been
completed. Results are pending and will be disclosed ounce validated and interpreted.
One diamond drill rig is now being used and another one should arr ive soon to perform
underground diamond drill holes to test extensions at depth in addition to percussion holes.
The objectives of the current drilling program are fourfold:
- Develop and upgrade inferred mineral resources into measured and indicated
categories;
- Continue to prove the hypothesis that widespread mineralization occurs across the
known deposit;
- Explore lateral extensions of the known deposit to the North and to the East;
- Explore possible extensions to the known deposit at depth.
The picture below presents the drill set-up and trench location in the eastern sector as well as the
contemplated drill plan in the sector.
Looking West
Drill plan view
Trenching Results - TRZG-EXT-6-17T1
From To Length (m) Ag (g/t)
0 1 1 1054
1 2 1 360
2 3 1 307
3 4 1 196
4 5 1 1704
5 6 1 43
6 7 1 54
7 8 1 135
Assay not capped, Ag by AA, thickness intersected probably represent 90% of true thickness
Quality Assurance / Quality Control (QA/QC)
These results are produced at the mine laboratory which inc ludes of blanks and standards as
normal control procedures. External independent samples will be taken as part of the new
program for the mineral resource update of 2017. The results are considered to be reliable for
disclosure as laboratory procedures and QA/QC was reviewed in previous assignment.
Qualified Persons
The technical content of this news release has been prepared and reviewed based on the
information’s received from the ZMSM by Claude Duplessis Eng. Geological Engineer from
GoldMinds Geoservices Inc, independent Qualified Person under NI 43-101 standards.
ABOUT MAYA
Maya Gold & Silver Inc. is a Canadian publicly listed mining corporation focused on the
exploration and development of gold and silver deposits in Morocco. Maya is initiating mining and
milling operations at its Zgounder Mine owned by Zgounder Millennium Silver Mining (“ZMSM”),
a Maya 85% owned joint venture with l’Office National des Hydrocarbures et des Mines
(“ONHYM”) of the Kingdom of Morocco (15%).
Neither TSX Venture Exchan ge nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Forward-looking statements
This news release contains statements about our future business and planned activities. These are
"forward-looking" because we have used what we know and expect today to make a statement
about the future. Forward -looking statements including but are not limited to comments
regarding the timing and content of upcoming work and analyses. Forward -looking statements
usually include words such as may, intend, plan, expect, anticipate, and believe or other similar
words. We believe the expectations reflected in these forward-looking statements are reasonable.
However, actual events and results could be substantially different because of the risks and
uncertainties associated with our business or events that happen after the date of this news
release. You should not place undue reliance on forward -looking statements. As a general policy,
we do not update forward -looking statements except as required by securities laws and
regulations.
CONTACT INFORMATION
Maya Gold & Silver Inc.:
R Martin Wong CPA CA
Interim Chief Executive Officer
450-435-0700
Maya Gold & Silver Inc.:
Noureddine Mokaddem
President
450-435-0700
Maya Gold & Silver Inc.:
Nathalie Dion
Investor Relations
450-435-0700 ext. 202