Maya Starts a New Deep Drilling Program at Boumâadine to Test 550M Vertical Depth Extension at Center Zone ___________________________________________ _________________________
PRESS RELEASE
MAYA STARTS A NEW DEEP DRILLING PROGRAM AT BOUMÂADINE
TO TEST 550M VERTICAL DEPTH EXTENSION AT CENTER ZONE
___________________________________________ _________________________
Montreal, Québec-‐ May 29, 2018 – Maya Gold & Silver Inc. (“Maya” or the “Corporation”) (TSXV:
MYA) is pleased to announce that it has begun a new diamond drilling program at its Boumâadine
property. Its first drillhole has intersected a first zone at 224m polymetallic sulfide mineralization in
the Center zone.
Maya completed its first diamond-‐drilling program at Boumâadine in April 2018 (14 holes, totaling
3158.2 meters). The core was logged and sampled with a half core sample being sent to an
independent laboratory. GoldMinds Geoservices (“GoldMinds”) conducted a site visit at the
Boumâadine property in April 2018. The site visit included the QA/QC program encompassing quick
descriptions of lithologies, alteration and structures. GoldMinds selected independent samples (1/4
core sample) from drillholes 17-‐02, 17-‐01 and 17-‐04 (total of 46 core samples, one-‐meter each
including blank and standards) that have been sent to AGAT Laboratory Canada for assaying.
Based on the encouraging geological results from the first drilling program at Boumâadine, Maya
immediately took the decision to start a new drilling campaign totaling 3000 meters to test exertion
at depth. The first hole of this new drilling program, B-‐18-‐01 drilled at the centre zone has already
intersected at depth 224m, massive pyrite within andesite affected by veins and veinlets with trace
of sphalerite, galena and calcite/quartz cements.
The main objectives of this new drilling campaign are:
-‐ Explore in depth the vertical extension of the zones with massive sulphide mineralization at
the zone centre, south and Tizi;
-‐ Validation of the subparallel mineralized trend of the zone centre and zone south;
-‐ Validate in depth the mineralized structure at zone Imariren.
GoldMinds has planned a sampling program on both tailings and the samples have been sent to an
independent laboratory for analysis. Maya wishes to recover the gold and silver present in the
tailings. GoldMinds also took independent samples from the tailings (from the surface to 5 meter
depth) and has sent these to SGS Lakefield for metallurgical tests.
About metallurgical testing
The additional testing in Canada at SGS Laboratory follow testing on tailing samples carried out by
CHINALCO-‐CINF Engineering Co. in 2017. (Extract from their report) The tests involved 4 scenarios,
one-‐stage roasting followed by cyanidation leaching, two-‐stage roasting followed by cyanidation
leaching, Alkaline Pressure leaching and Cyanidation, oxygen pressure leaching and cyanidation
leaching and direct cyanidation leaching of tailing. The conclusion of the CINF engineers is the two-‐
stage roasting-‐cyanidation proved to be adequate in the 69.61% recovery of gold where sulfur can
be recycled for acid making and cyanidation residue can be recycled for cement production. In their
opinion, this process is beneficial in terms of economic benefit, environmental benefit and
recycling. Higher recovery was obtained with the pressure leach at 87.27% with an expense effluent
from acid leaching operation containing large amounts of sulfuric acid, iron sulfate and arsenic acid.
This resulted in high cost for subsequent treatment with a large amount of waste residue to be
produced and requiring storage.
Tests at SGS Lakefield are being done on fresh rock as well as tailings. Results will be disclosed once
all required tests and analysis will be received and interpreted by M. Gilbert Rousseau eng. of
GoldMInds.
Qualified Persons
The technical content of this news release has been prepared and reviewed based on the
information’s received from Maya gold and Silver by Merouane Rachidi P.Geo., Ph. D. and Claude
Duplessis Eng. from GoldMinds Geoservices Inc, independent Qualified Persons under NI 43-‐101
standards.
About Boumâadine
The Boumâadine Agreement is a joint venture with L’Office National des Hydrocarbures et des
Mines, referred to as ONHYM, whereby Maya owns 85% of the Boumadine polymetallic deposit
located in the Anti-‐Atlas Mountains of eastern Morocco. ONHYM awarded Boumâadine to Maya
after evaluating international tenders.
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 Millenium Silver Mining, 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 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 statement about the future. 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. All
of the forward-‐looking statements made in this press release are qualified by these cautionary
statements and by those made in the Corporation’s filings with SEDAR.
CONTACT INFORMATION
Maya Gold & Silver Inc.:
Noureddine Mokaddem
President & CEO
+1 514-‐978-‐6111/+212 661-‐196-‐111
or
Maya Gold & Silver Inc.:
Sophy Cesar
Investor Relations
514-‐866-‐2008
www.mayagoldsilver.com