Maya Gold & Silver to drill test the 10 m intersection at 1098 g/t Ag near surface at the West & Northern Zone of its Zgounder Silver Mine
PRESS RELEASE
Maya Gold & Silver to drill test the 10 m intersection at 1098 g/t Ag
near surface at the West & Northern Zone of its Zgounder Silver Mine
Montréal, Québec- July 6, 2017 – Maya Gold & Silver Inc. (“Maya” or the “Corporation”) (TSXV: MYA) is
pleased to provide an update of its drilling program and an additional percussion program to drill test
near surface the extent of intersection ZG -Ext-012 previously disclosed (June 11 and July 25, 2015) press
releases, which intersected 1098 g/t Ag over 10 metres core length.
As of June 24, 2017, the exploration team has completed the compilation of the 12 diamond drill holes
totalling 2,281 metres. Out of these holes, seven were drilled in the Eastern extension, while five others
were drilled in the Center and North portion.
During the geologic logging of the cores, eight holes have shown presence of native silver as well as
sulfide mineralization of zinc, lead and mercury. The four others have also shown presence of sulfide
mineralization of zinc & lead but no occurrence of visible native silver. The drill holes are located 180m to
860 meters East from the Zgounder mill. Assay results are pending and results will be released as they
become available.
Location map of the ongoing diamond drill hole program. The hole ZG -17-3 (blue trace on the attached
map) drilled at 45 degrees has confirmed extension at depth of the Panel 9 and another hole ZG -17-03bis
is being drilled just under at a steeper plunge of minus 60 degrees. On the main map: completed hole in
orange and scheduled in green dotted line.
Figure 1 - 2017 Program / Revised diamond drill hole locations map
The Corporation is planning a specific percussion drilling program (T-28) of 54 holes at surface to extent
the mine ralization recognized underground in order to allow extension near surface to complete the
mineralized blocks is being put in place in complement of the existing diamond drill hole program and
underground percussion holes.
The planned T -28 program will test the extent of inters ection of ZG -Ext-012 previously announced
(June 11 and July 25, 2015). The hole intersected 10 metres core length at 1098 g/t Silver from 31.3 to
41.3 metres, drilled at -65 degrees at 340N. These holes should enable the evaluation of geometry and
true thickness of the mineralized zone.
This additional percussion program prepared by GoldMinds ("GMG") and Zgounder Millenium Silver
Mining ("ZMSM") technical team covers 260m long (E -W) and 100m in width (N-S). It is located in the
north portion of the TALAT NOUNA Talweg. There are 18 stations with three up dip holes per station with
azimuth ranging N70 to N350 for 54 holes with targeted length of 20 meters for total expected of 1080m.
Figure 2 - Proposed surface percussion hole program North and West (white star target hole Ext-012)
Figure 3 - Perspective view looking East with the surface T-28 hole layout (blue drill hole trace)
“The current diamond drill hole program is positive and encouraging as per core logging findings, the team
work from the ZMSM geological group under the supervision of Mohamed Assalmi Chief geologist and the
support of the independent consultant GMG are b earing fruit in the development of the Zgounder Silver
Mine resources to the next level. The program is on schedule and such achievable ideas if successful could
be a game changer for that portion of the mine” said Noureddine Mokaddem, President and CEO of Maya.
Qualified Persons
The technical content of this news release has been prepared and reviewed based on the information’s
received from the ZMSM as well as personally collected during site visit 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 ZMSM, a Maya 85% owned joint venture with l’Office National des
Hydrocarbures et des Mines of the Kingdom of Morocco (15%).
Neither TSX Venture Exchange 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 un certainties 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.:
Noureddine Mokaddem
President & CEO
+1 514-978-6111/+212 661-196-111
Maya Gold & Silver Inc.:
Nathalie Dion
Investor Relations
514-866-2008