Maya Intersects 929 g/t Ag Over 5m Near Surface at Its Zgounder Mine East Zone
PRESS RELEASE
Maya Intersects 929 g/t Ag Over 5m Near Surface at
Its Zgounder Mine East Zone
Montreal, Québec - May 11th, 2020 – Maya Gold & Silver Inc. (“Maya” or the “ Company”) (TSX:
MYA) is pleased to announce significant diamond drill holes (“DDH”) and reverse circulation (“RC”)
drill holes results of its 2020 drilling program at its Zgounder silver mine in the kingdom of Morocco.
The Company reports the final pending assay results from the last drilling program comprised of
eight DDH (ZG-19-01 to -08) totaling 2,033.9m and 32 RC holes totaling 3,611m all drilled from the
surface. These results relate to five DDH (ZG-19-02, -03, -05, -07 and -08) totaling 1,200.1m and two
RC holes (ZG-RC-19-29 and -30) totaling 276m.
The full RC and DDH results of this campaign have been received and compiled. The assay results
reported herein are provided in Table 1 and include the following highlights:
Highlights:
• 5 m at 929 g/t Ag in the DDH ZG-19-05 from 12m to 17m;
• 5 m at 592 g/t Ag in the DDH ZG-19-08 from 24m to 29m;
• 8 m at 339 g/t Ag in the DDH ZG-19-03 from 98m to 106m;
• 3.5 m at 614 g/t Ag in the DDH ZG-19-07 from 125.5m to 129 m.
The latest results continue to show high grade silver mineralization from the surface at its Zgounder
silver mine. The RC and DDH programs were designed to validate the continuity of the known
mineralized zones to the east and evaluate the resource potential of the eastern zone.
The eastern zone cover s an area of 200m x 150m ( Figure 1) that includes several mineralized
envelopes mostly exposed at the surface. The silver mineralization occurs within structures
oriented E-W, NNW-SSE filled by quartz/carbonate cements and trac es of sphalerite, galena and
pyrite encountered in an altered sandstone.
“I am very pleased to see continued positive assay results from the eastern zone of the deposit as
we look to evaluate the potential of a new open pit mining operation to complement our current
underground mining operation s,“ said Benoit La Salle, President & CEO, “The continuity of the
mineralization to the east is now demonstrated and represents a great opportunity for Maya to
move to the next phase of exploration and production development.”
Figure 1: The drill holes location (diamond drill and RC holes) at the eastern zone, Zgounder mine
Table 1: The important intervals from diamond drill assay results*
Hole Name From
(m)
To
(m)
Length
(m) Ag g/t Pb ppm Zn ppm Cu ppm
ZG-19-05 12 17 5 929 1 242 3 382 459
Including 12 14 2 1 930 1 167 3 500 510
ZG-19-08 24 29 5 592 635 1 617 182
Including 27,5 29 1,5 1 332 1 446 2 363 56
ZG-19-03 98 106 8 339 1 668 2 321 1 982
Including 105 106 1 2 256 2 326 6 583 1 470
ZG-19-03 143 146,5 3,5 368 1 305 4 792 135
Including 143,5 145 1,5 641 1 257 5 762 208
ZG-19-07 125,5 129 3,5 614 1 097 3 996 128
Including 127 128 1 1 664 2 038 6 673 158
ZG-19-05 25,5 28,5 3 307 482 2 507 144
Including 27,5 28,5 1 904 686 3 113 222
ZG-19-05 69 72 3 379 1 502 5 141 918
including 71 72 1 1 038 2 079 10 329 2 366
ZG-19-05 94 97 3 264 1 610 4 104 130
Including 94 94,5 0,5 1 478 440 2 737 104
*The assay results are for an interval of 0.5- and 1-meter samples. The sample lengths reported here are
between 70% and 75% of true horizontal widths. The grades herein are reported as uncapped values.
Holes ZG -RC-19-29 and -30 have no significant high-grade interval due to faulting with the
movement to the north of the non -mineralized rhyolite contact. As the structures and contact
geometry appear to be more complex than expected, additional mapping and exploration drilling
works are needed to increase our understanding of this new zone. The eastern zone remains open
and there are no existing underground works and mining in this zone, which limits our current
understanding, but also provides opportunity for additional exploration.
Quality Control / Quality Assurance (QA/QC)
The direction and inclination of the DDH and RC drill holes were oriented in a way to target
perpendicular to mineralization. T he RC samples were split at the mine site. After drying, each
sample was divided in two parts using a Jones riffle separator. One part was placed in a tightly
sealed plastic bag with a laboratory identification number and grouped in sealed plastic buckets
which were sent to the Afrilab laboratory. The remaining material is kept for archive in the core
shack.
The drill core was sawn with one half of the sawn core placed in a plastic bag with the sample tag
and sealed, while the second half was returned to the core box for storage on site.
At Afrilab the RC and the DDH core samples were crushed to have d80 passing 2mm and afterward
separated with a Jones riffle splitter to have 100 grams which is pulverized to have a pulp d80 of 75
microns Multi acid digestion and Atomic Absorption reading for Cu, Pb and Zn grade determination.
Fire assay is used for Ag. The standards and blanks used are in line with expected results.
Qualified Persons
The technical content of this news release has been reviewed by Merouane Rachidi, P.Geo., Ph.D.
and Claude Duplessis Eng., from GoldMinds Geoservices Inc, independent Qualified Persons under
NI 43-101 standards, based on the informatio n received from the Maya Gold and Silver technical
team (Zgounder Millennium Silver Mine subsidiary, “ZMSM”).
About Maya Gold & Silver Inc.
Maya Gold & Silver Inc. is a publicly traded Canadian company focused on the operation,
exploration, acquisition and development of silver and gold deposits. Maya is currently operating
mining and milling facilities at its Zgounder Mine, an 85%-15% joint venture between its subsidiary,
ZMSM, and the Office National des Hydrocarbures et des Mines (“ ONHYM”) of the Kingdom of
Morocco.
Its mining portfolio also includes the Boumadine polymetallic deposit located in the Anti -Atlas
Mountains of Eastern Morocco which is also a joint venture with ONHYM wherein Maya retains an
85% ownership. Additionally, the Corporation’s portfolio includes the Amizmiz and Azegour
properties, both being 100% owned, with gold, tungsten, molybdenum and copper occurrences
covering over 100 square kilometres in a historical mining district of Morocco.
For additional information, please visit Maya’s website at www.mayagoldsilver.com
Or contact:
Benoit La Salle, FCPA FCA
President & CEO
Tel: +1 (514) 951-4411
Alex Ball
VP, Corporate development & IR
Tel: +1 (647) 919-2227
Forward-Looking Statements
This press release contains "forward -looking information" within the meaning of Canadian
securities legislation. All information contained herein that is not clearly historical in nature may
constitute forward -looking information. Generally, such forward -looking information can be
identified by the use of forward -looking terminology such as “significant”, “will”, “continue”,
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and phrases or state that certain act ions, events or results "may", "could", "would" or "might".
Forward-looking information is subject to known and unknown risks, uncertainties and other
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Corporation to be materially different from those expressed or implied by such forward -looking
information, including but not limited to: (i) volatile stock price; (ii) the general global markets and
economic conditions; (iii) the possibility of write -downs and impairments; (iv) the risk associated
with exploration, development and operations of mineral deposits including the accuracy of the
current mineral reserve and mineral resource estimates of the Corporation (including, but not
limited to, ore tonnage and ore grade estimates) and mine plans for the Corporation’s mining
operations (including, but not limited to, throughput and recoveries being affected by metallurgical
characteristics); (v) the risk associated with establishing title to mineral properties and a ssets
including permitting, development, operations and production from the Corporation’s operations
being consistent with expectations and projections; (vi) fluctuations in commodity prices and other
risks and factors described or referred to in the section entitled "Risk Factors" in the MD&A of the
Corporation and which is available at www.sedar.com, all of which should be reviewed in
conjunction with the information found in this news release
Although the Corporation has attempted to identify important factors that could cause actual
results to differ materially from those contained in the forward-looking information, there may be
other factors that cause results not to be as anticipated, estimated or intended. There can be no
assurance that such forward -looking information will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such forward -looking information.
Such forward -looking information has been provided for the purpose of assisting investor s in
understanding the Corporation's business, operations and exploration plans and may not be
appropriate for other purposes. Accordingly, readers should not place undue reliance on forward -
looking information. Forward-looking information is given as of t he date of this press release, and
the Corporation does not undertake to update such forward -looking information except in
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