Maya Maya Maya Maya Intersect Intersect Intersect Intersect 33 33....46 46 46 46 kk kkg/t Ag g/t Ag g/t Ag g/t Ag over over over over 8 8 8 8 m m m m including including including including 5.46 kg/t Ag over 5.46 kg/t Ag over 5.46 kg/t Ag over 5.46 kg/t Ag over 5m 5m 5m 5m at at at at its its its it
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Maya Maya Maya Maya Intersect Intersect Intersect Intersect 33 33....46 46 46 46 kk kkg/t Ag g/t Ag g/t Ag g/t Ag over over over over 8 8 8 8 m m m m including including including including 5.46 kg/t Ag over 5.46 kg/t Ag over 5.46 kg/t Ag over 5.46 kg/t Ag over 5m 5m 5m 5m at at at at its its its its
Zgounder Zgounder Zgounder Zgounder Silver Mine in the Kingdom of Morocco Silver Mine in the Kingdom of Morocco Silver Mine in the Kingdom of Morocco Silver Mine in the Kingdom of Morocco....
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Montreal, Québec- October 07, 2019 – Maya Gold & Si lver Inc. (“Maya” or the “Corporation”)
(TSX: MYA) is pleased to announce the preliminary results fro m its on-going reverse circulation
(RC) drilling program and trenching program at Zgounder property.
Highlights:
Reverse circulation drilling results
- 8 m at 3464 g/t Ag in Hole RC_ZG_19_18 from 141 m to 149 m;
- 11 m at 1205 g/t Ag in Hole RC_ZG_19_11 from 52 m to 63 m;
- 4 m at 952 g/t Ag in Hole RC_ZG_19_19 from 6 m to 10 m;
- 8 m at 880.5 g/t Ag in Hole RC_ZG_19_17 from 12 m to 20 m;
- 17 m at 551 g/t Ag in Hole RC_ZG_19_18 from 84 m to 101 m;
- 2 m at 1326.7 g/t Ag in Hole ZG_RC_19_14 from 15 m to 17 m;
- 2 m at 509.5 g/t Ag in Hole ZG_RC_19_14 from 2 m to 4 m;
- 2 m at 471.8 g/t Ag in Hole RC_ZG_19_17 from 105 m to 107 m;
Trenching samples
- 500 g/t Ag over 4 m (samples numberE10 to E13), Trench TR03 oriented NNW;
- 150 g/t Ag over 8 m (samples numberE34 to E41), Trench TR02 oriented NNW;
- 576 g/t Ag over 1 m (sample numberE3), Trench TR03 oriented NNW;
- 526 g/t Ag over 1 m (sample numberE80), Trench TR03 oriented NNW;
- 184 g/t Ag over 1 m (sample numberE31), Trench TR03 oriented NNW;
The current reverse circulation drilling program co nsists of 28 drill-holes, totalling 3035 meters
drilled from the surface at the eastern zone of the Zgounder property. The RC drilling campaign
aims to provide a better understanding of the distr ibution of the mineralized structures
(orientation and thickness) and to explore the vert ical extensions of the exposed mineralized
structures.
The preliminary results confirm the good continuity of the known mineralized envelopes and new
occurrences hosted in the same major E-W structures.
The full RC drilling results of this campaign are p ending, they will be disclosed once received,
compiled and verified. This should allow the compan y to integrate the whole data and to refine
the quality of the in-pit constrained mineral resource estimate.
With these encouraging preliminary results at the s urface, Maya Gold and Silver expects to be in
the position to initiate an underground diamond dri lling program to explore the vertical
extensions of the mineralization the western and the central part of the Zgounder silver mine.
The following table presents additional information on intersections of interest:
Table 1 : The important intervals from the 2018/2019 RC drilling program.
Hole Name From (m) To (m) length Ag ppm Pb % Zn % Cu %
RC_ZG_19_18 141 149 8 3464,00 0,18 0,60 0,02
Including 143 148 5 5464,00 0,20 0,72 0,02
RC_ZG_19_11 52 63 11 1205,09 0,29 1,08 0,04
Including 59 62 3 4157,33 0,49 1,22 0,05
RC_ZG_19_19 6 10 4 952,00 0,16 0,16 0,21
Including 8 9 1 2104,00 0,43 0,08 0,48
RC_ZG_19_17 12 20 8 880,51 0,07 0,36 0,07
Including 12 14 2 2892,00 0,14 0,21 0,01
Including 18 20 2 429,00 0,02 0,61 0,04
RC_ZG_19_18 84 101 17 551,06 0,28 0,48 0,08
Including 84 86 2 2724,00 0,28 0,11 0,09
including 93 99 6 452,00 0,35 0,55 0,11
RC_ZG_19_18 53 58 5 299,20 0,04 0,17 0,13
Including 55 57 2 456,00 0,01 0,05 0,15
RC_ZG_19_17 99 107 8 211,76 0,49 1,03 0,04
105 107 2 471,78 0,11 0,65 0,01
RC_ZG_19_19 44 53 9 141,44 0,13 0,32 0,06
including 44 45 1 384,00 0,11 0,15 0,01
including 51 52 1 424,00 0,06 0,17 0,01
RC_ZG_19_19 131 134 3 394,67 0,59 1,16 0,04
Including 133 134 1 840,00 0,50 1,12 0,08
RC_ZG_19_11 10 16 6 116,03 0,41 0,82 0,03
ZG-RC-19-14 0 4 4 310,17 0,10 0,28 0,01
Including 2 4 2 509,48 0,09 0,21 0,01
ZG-RC-19-14 15 17 2 1326,74 0,15 0,20 0,02
RC_ZG_19_03 1 2 1 285,93 0,49 0,21 0,03
RC_ZG_19_15 50 51 1 334,04 0,02 0,07 0,01
RC_ZG_19_17 124 125 1 300,22 0,47 1,67 0,02
RC_ZG_19_17 129 130 1 386,00 0,08 0,17 0,01
The assay results for an interval of 1 meter. The s ample lengths reported are between 60% and 70% of t rue
widths. The grades herein are reported as uncapped values.
A total of 894 m RC samples (not including Blank an d Standards) were submitted to the
independent laboratory Afrilab based in Marrakech (Morocco) for preparation and assaying.
The maps present drill hole locations and the position of the intersections of interest :
Figure 1 : Plan view showing the RC drillholes location with assays.
Surface sampling
The Maya’s geologists, started the trenching progra m at Zgounder in June 2019 and to date
focused only on the eastern zone of the Zgounder mine.
The current sampling program consists on trench sam pling (with saw) and cross-cutting the
exposed mineralized structures oriented E-W, NNW-SS E filled by quartz/carbonate cements and
traces of malachite and pyrite. Samples length is o ne meter and their location was determined
using a hand GPS.
The table below show the trenching highlights.
Table 2 : The important intervals from the trenches samples.
Trench Samples From (m) To (m) Length (m) Ag g/t
TR02 E34-E41 33 41 8 150
TR03 E3 2 3 1 576
TR03 E10-E13 9 13 4 500
TR03 E80 79 80 1 526
TR03 E31 30 31 1 184
Figure 2 : Plan view with trenches location.
Quality Control / Quality Assurance (QA/QC)
The direction and inclination of the RC drillholes were oriented in a way to target perpendicular to
mineralization. The RC samples were prepared at the mine site. After drying, each sample was
divided in two using the Jones riffle separator. On e part was placed in a tightly sealed plastic bag
with a laboratory identification number and grouped in sealed plastic buckets which were sent to
Afrilab laboratory. The remaining material was kept for archive in the core shack.
The RC samples were crushed to have d80 passing 2mm and afterward riffle split to have 100
grams which was pulverized to have a pulp d80 of 75 microns Multi acid digestion and Atomic
Absorption reading. Fire assay was used for Ag, Cu, Pb and Zn grade determination. The standards
and blanks used were in line with expected results
Qualified Persons
The technical content of this news release has been prepared and reviewed by Merouane Rachidi,
P.Geo., Ph.D., and Claude Duplessis Eng., from Gold Minds Geoservices Inc,
independent Qualified Persons under NI 43-101 stand ards, based on the information’s received
from Maya Gold and Silver (ZMSM subsidiary).
ABOUT MAYA
Maya Gold & Silver Inc. is a publicly-traded Canadi an company focused on the operation,
exploration and development of gold and silver depo sits in Morocco. Maya is currently operating
mining and milling operations at its Zgounder Mine, an 85%-15% split ownership between its
subsidiary, ZMSM, and the ONHYM of the Kingdom of Morocco.
Its portfolio also considers the Boumadine polymeta llic deposit located in the Anti-Atlas
Mountains of Eastern Morocco. The property is a joi nt venture with ONHYM whereby 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 cop per deposits covering over 100 square
kilometres in a historical mining district
Forward-looking statements
This news release contains statements about future events or future performance and reflects
management’s current expectations and assumptions. These are “forward-looking” because we
have used what we know and expect today to make a s tatement about the future. Forward-
looking statements usually include words such as ma y, intend, plan, expect, anticipate, and
believe or other similar words. We believe the expe ctations reflected in these forward-looking
statements are reasonable. However, actual events a nd results could be substantially different
because of the risks and uncertainties associated w ith 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. All of the forw ard-looking statements made in this press
release are qualified by these cautionary statement s and by those made in the Corporation’s
filings with SEDAR.
On behalf of the Board:
Noureddine Mokaddem
Founder, Chairman & CEO
+1 514-866-2008