MAYA VALIDATES THAT HISTORICAL MINERALIZED PANELS ARE STILL IN PLACE AND EXTENDS MINERALIZATION AT DEPT H -‐Discovers Germanium 497 g/t over 1.5m in core samples -‐Finds Gold at surface 48g/t over 2m at Boumadine
PRESS RELEASE
MAYA VALIDATES THAT HISTORICAL MINERALIZED PANELS ARE
STILL IN PLACE AND EXTENDS MINERALIZATION AT DEPT H
-‐Discovers Germanium 497 g/t over 1.5m in core samples
-‐Finds Gold at surface 48g/t over 2m at Boumadine
_________________________ _____________________________________________
Montreal, Québec-‐ February 25, 2019 – Maya Gold & Silver Inc. (“Maya” or the “Corporation”)
(TSX: MYA) is pleased to announce the compilation of results from its diamond drilling program,
drilling on the tailings and surface sampling at Boumadine property.
Highlights:
2017 successful validation of mineralization panels are still in place
-‐ 28 m at 10.79 g/t Gold Equivalent and 8.35 g/t Gold in Hole B_17-‐04 from 153m to 181m;
-‐ 11 m at 8.77 g/t Gold Equivalent and 3.83 g/t Gold in Hole B_17-‐02 from 170.1m to 181.1m;
-‐ 5 m at 12.58 g/t Gold Equivalent and 3.87 g/t Gold in Hole B_17-‐05 from 94m to 99m;
-‐ 5.5 m at 8.33 g/t Gold Equivalent and 1.93 g/t Gold in Hole B_17-‐05bis from 185m to
190.5m;
-‐ 5 m at 7.08 g/t Gold Equivalent and 2.77 g/t Gold in Hole B_17-‐05bis from 191.5m to
196.5m;
-‐ 6 m at 14.88 g/t Gold Equivalent and 1.8 g/t Gold in Hole B_17-‐06bis from 177m to 183m;
-‐ 4.5 m at 9.18 g/t Gold Equivalent and 1.36 g/t Gold in Hole B_17-‐06bis from 211.5m to
216m;
2018 successful extension at depth of the mineralized zones
-‐ 2 m at 5.14 g/t Gold Equivalent and 3.1 g/t Gold in Hole B_18-‐03 from 502m to 504.8m;
-‐ 4.5 m at 2.22 g/t Gold Equivalent and 1.78 g/t Gold in Hole B_18-‐03 from 558.2m to
562.7m;
-‐ 2.5 m at 3.57 g/t Gold Equivalent and 1.8 g/t Gold in Hole B_18-‐01 from 359m to 361.5m;
-‐ 1 m at 6.05 g/t Gold Equivalent and 1.7 g/t Gold in Hole B_18-‐01 from 224.2m to 225.2m;
Germanium discovery
The core samples were assayed for multi-‐element and important grades of Germanium were
discovered during the analysis. It appears Germanium is not evenly distributed in all sectors and it
may be related to zoning within mineralized zones associated to sphalerite (Zn) and other sulfides.
Additional work is being done in order take the Germanium values into account in the mineral
resources. Assays range from below detection limit 20 ppm with a maximum of 497ppm Ge in 1.5m
sample.
Surface samples gold findings
-‐ 2 m at 48 g/t Gold in sample number TN19, Structure oriented NNE;
-‐ 2.5m at 9 g/t Gold in sample number CS16, shear zone oriented NNE;
-‐ 1.5m at 6.82 g/t Gold in sample number IM39, structure filled by oxidized sulfides and
quartz cement, oriented N-‐S;
-‐ 1.15m at 6.76 g/t Gold in sample number IM26, breccia oriented NW-‐SE;
With these positive results, Maya took the decision to postpone the publication of the PEA on
Boumadine. The Corporation started an additional diamond drilling program at the North and
Imariren Zones. An additional 37 holes were drilled totalling 1840 meters. This additional drilling
program aims to better understand the distribution of precious metals and to explore the vertical
extensions of these exposed mineralized structures. Complete drill results of this campaign are
pending and will be disclosed once received, compiled and verified. This will allow Maya to
integrate all data collected and produce the first NI 43-‐101 mineral resources estimate on
Boumadine including the Imariren and North zones.
The 2017-‐2018 First Phase Diamond Drilling Program
The 2017/2018 first phase drilling program consisted of 14 diamond drill holes totaling 3,158.2m.
Five holes were drilled at the zone Centre totaling 1,490.4m. Four holes were drilled at Zone Tizi,
totaling 530.2m. Five holes were drilled at zone South totaling 1,137.6m.
This drilling program ended in April 2018 and the main objectives were:
- Validation of the historical panels at zone Centre and zone South;
- Explore the vertical extensions of the mineralization at zone Tizi, Centre and South;
The holes were mainly drilled in Ignimbrite, Rhyodacite and Andesitic rocks with many massive
pyrite zones. These rocks are affected by shear zones, veins and veinlets and intruded by
hydrothermal breccia. Most holes intersected the mineralized zones with massive sulfides, mainly
pyrite, sphalerite, galena and more or less chalcopyrite.
Sulphide mineralization consisting in massive pyrite accompanied by pyrrhotite and more or less
arsenopyrite. The mineralization was massive and reached 28 meters of drill core. Some holes
showed principal vein-‐type mineralization with sharp layering cross-‐cut by several networks and
stockworks of secondary sulfide mineralization. Quartz veins/veinlets were observed in many drill
holes surrounding the principal zones with massive sulfides. We also observed the presence of
voids within the Ingnimbrite filled by sulphides cements preferentially at the upper limit with the
porphyry contact. In addition, the results from the diamond drilling program showed a spatial
relationship between the mineralization and structural interpretation of the high grade intercepts
from all the historical database dipping a roughly subvertical and NNW trending.
The most important intervals of the 2017/2018 drilling program are listed below in Table 1.
Table 1: The important intervals from the 2017/2018 drilling program.
Hole Name From To Length Au g/t Ag g/t Zn % Pb % Au Eq g/t Zone
B-‐17-‐04 153,0 181,0 28,00 8,35 112,79 1,48 0,36 10,79 Central
Including 156,0 160,0 4,00 5,75 207,00 3,53 1,06 10,94 Central
Including 163,0 173,0 10,00 3,02 77,70 1,70 0,27 5,14 Central
Including 175,0 181,0 6,00 29,53 226,83 0,46 0,15 32,60 Central
and 177,0 179,0 2,00 77,50 314,00 0,30 0,17 81,52 Central
B-‐17-‐02 170,1 181,1 11,00 3,83 93,73 5,75 0,58 8,77 Central
Including 175,1 178,1 3,00 7,85 170,67 9,87 1,06 16,48 Central
B-‐17-‐05 94,0 99,0 5,00 3,87 310,10 7,23 1,11 12,58 South
Including 94,5 98,0 3,50 5,03 373,71 7,41 0,19 14,12 South
B-‐17-‐05bis 185,0 190,5 5,50 1,93 166,09 6,72 0,61 8,33 South
Including 187,5 190,0 2,50 3,36 338,40 12,92 0,88 15,75 South
B-‐17-‐05bis 191,5 196,5 5,00 2,77 73,40 4,89 0,83 7,08 South
Including 192,5 195,5 3,00 3,36 47,33 4,18 0,11 6,54 South
B-‐17-‐06C 108,5 111,0 2,50 1,95 76,40 6,24 1,69 7,58 South
B-‐17-‐06bis 177,0 183,0 6,00 1,80 598,33 6,94 3,16 14,88 South
Including 177,0 178,5 1,50 1,73 162,00 3,64 1,03 6,44 South
including 181,0 182,5 1,50 4,07 1904,67 20,89 6,74 43,19 South
B-‐17-‐06bis 211,5 216,0 4,50 1,36 202,22 5,68 3,60 9,18 South
including 213,0 214,5 1,50 2,62 317,00 9,59 4,80 14,83 South
B-‐17-‐10 90,0 92,5 2,50 6,27 51,40 0,63 0,60 7,59 Tizi
B-‐17-‐07 58,0 63,0 5,00 2,72 303,80 5,54 4,26 12,02 Tizi
including 58,5 59,0 0,50 14,32 834,00 6,62 4,15 30,55 Tizi
B-‐17-‐06 91,0 95,0 4,00 1,07 80,50 2,95 0,66 4,18 South
including 93,0 94,5 1,50 1,90 48,00 1,80 0,65 3,92 South
B-‐17-‐01bis 156,5 159,0 2,50 2,41 43,20 2,13 0,69 4,59 Central
including 157,0 158,0 1,00 5,33 45,00 2,39 0,89 7,80 Central
B-‐17-‐01bis 228,5 230,5 2,00 1,41 4,25 0,03 0,04 1,49 Central
B-‐17-‐01bis 234,5 236,5 2,00 1,84 16,25 0,05 0,12 2,13 Central
B-‐17-‐01bis 254,0 255,0 1,00 2,87 52,50 0,11 0,68 3,93 Central
B-‐17-‐01bis 255,5 257,5 2,00 4,02 270,75 1,27 0,32 8,20 Central
B-‐17-‐01bis 264,0 265,5 1,50 0,94 24,00 1,46 0,57 2,43 Central
B-‐17-‐01 53,0 60,0 7,00 0,76 22,29 2,62 1,01 3,17 Central
B-‐17-‐01 224,0 227,0 3,00 2,30 81,67 1,10 0,19 4,05 Central
B-‐17-‐03 193,5 195,5 2,00 0,60 26,25 2,06 0,42 2,39 Central
B-‐17-‐03 235,0 236,0 1,00 1,73 55,50 1,34 0,71 3,59 Central
B-‐17-‐05bis 175,6 180,0 4,40 0,27 23,52 1,71 1,17 2,22 South
B-‐17-‐06bis 221,5 229,5 8,00 0,99 172,00 5,46 2,16 7,54 South
B-‐17-‐06bis 235,5 236,5 1,00 0,48 21,00 2,86 0,75 2,87 South
B-‐17-‐06C 122,5 125,0 2,50 0,15 71,20 2,20 1,64 3,23 South
B-‐17-‐06C 155,0 159,0 4,00 0,88 196,50 8,18 1,84 9,21 South
B-‐17-‐08 15,7 17,4 1,70 1,05 41,06 0,76 0,27 2,15 Tizi
B-‐17-‐08 131,6 135,1 3,50 0,86 85,29 1,42 0,90 3,23 Tizi
The assay results for a minimum interval of 1 meter. The core lengths reported are between 60% and 75% of
true widths. The grades herein are reported as uncapped values. Gold equivalent in this release are
calculated using Au Oz 1250 USD, Ag Oz at 15 USD, Zn 2450 USD per tonne and Pb 2168 USD per tonne.
A total of 482.2m core samples (totaling 617 core samples) were submitted to the independent
laboratory ‘Analyse Development Minier S.A.R.L.’ (ADM) based in Marrakech (Morocco) for
preparation and assaying.
Based on the positive results cited above Maya Gold and Silver decided to add four diamond drill
holes (totaling 2671.1m; 251 core samples) to intersect the extension at depth of the mineralized
sections in the three zones (Center, South and Tizi). The table below (Table 2) show the highlights.
Table 2: The important intervals from 2018 drilling program.
Hole Name From To Length Au g/t Ag g/t Zn % Pb % Au Eq Zone
B-‐18-‐03 502,80 504,80 2,00 3,10 76,67 1,72 1,40 5,14 South
Including 502,80 503,80 1,00 4,57 85,00 0,12 0,15 5,15 South
B-‐18-‐03 558,20 562,70 4,50 1,78 23,33 0,04 0,24 2,22 South
B-‐18-‐01 224,20 225,20 1,00 1,70 42,00 4,52 2,04 6,05 Central
B-‐18-‐01 335,00 338,00 3,00 0,83 49,33 0,27 0,42 1,81 Central
B-‐18-‐01 359,00 361,50 2,50 1,80 38,20 1,83 0,37 3,57 Central
Including 360,00 361,00 1,00 3,01 54,00 2,46 0,53 5,44 Central
The assay results for a minimum interval of 1 meter. The core lengths reported are between 60% and 75% of
true widths. The grades herein are reported as uncapped values. Gold equivalent in this release was
calculated using Au Oz 1250 USD, Ag Oz at 15 USD, Zn 2450 USD per tonne and Pb 2168 USD per tonne.
Table 3: Drill hole information
Hole Name Easting Northing Elevation (m) Azimuth (°) Dip (°) Length
(m)
B-‐17-‐01 317226.80 3476877.30 1152.15 245 -‐45 315.2
B-‐17-‐01bis 317249.11 3476888.11 1148.20 245 -‐55 323.8
B-‐17-‐02 317283.00 3476655.09 1140.30 234 -‐45 236
B-‐17-‐03 317344.28 3476673.52 1140.14 234 -‐47 415.4
B-‐17-‐04 317119.46 3476965.56 1158.07 224 -‐47 200
B-‐17-‐05 317093.38 3474794.12 1215.36 91 -‐50 175.2
B-‐17-‐05bis 317025.99 3474794.60 1204.12 85 -‐46 268
B-‐17-‐06 317106.98 3474744.00 1220.62 83 -‐47 215
B-‐17-‐06bis 317055.09 3474737.44 1211.58 94 -‐45 278
B-‐17-‐06C 317100.65 3474696.84 1219.85 84 -‐46 201.4
B-‐17-‐07 315413.68 3476958.11 1205.49 286 -‐46 100
B-‐17-‐08 315461.95 3476944.67 1202.34 286 -‐55 180.2
B-‐17-‐09 315425.67 3476899.31 1200.36 225 -‐45 110
B-‐17-‐10 315450.79 3476924.10 1196.60 225 -‐54 140
B-‐18-‐04 315648.00 3476987.00 1207.93 264 -‐55 466.1
B-‐18-‐01 317413.83 3476954.62 1141.03 235 -‐55 686.0
B-‐18-‐02 317582.41 3476787.34 1140.11 241 -‐49 911
B-‐18-‐03 316889.00 3474515.00 1209.34 49 -‐45 608
B-‐18-‐11 315756.00 3477776.00 1142.34 128 -‐45 45.3
B-‐18-‐11bis 315756.22 3477776.07 1142.00* 128 -‐65 86
B-‐18-‐10bis 315756.22 3477776.07 1142.00 90 -‐75 62
B-‐18-‐10 315756.22 3477776.07 1142.00 90 -‐45 32
B-‐18-‐09 315756.22 3477776.07 1142.00 60 -‐45 35
B-‐18-‐09bis 315756.22 3477776.07 1142.00 60 -‐65 56
B-‐18-‐08 315776.70 3477825.09 1142.00 135 -‐45 30.4
B-‐18-‐08bis 315776.70 3477825.09 1142.00 135 -‐65 56
B-‐18-‐07 315776.70 3477825.09 1142.00 90 -‐45 30
B-‐18-‐07bis 315776.70 3477825.09 1142.00 90 -‐70 64.4
B-‐18-‐06 315776.70 3477825.09 1142.00 45 -‐45 35
B-‐18-‐06bis 315776.70 3477825.09 1142.00 45 -‐65 56
B-‐18-‐05bis 315782.65 3477862.46 1142.00 140 -‐70 56
B-‐18-‐05 315782.65 3477862.46 1142.00 140 -‐45 30.1
B-‐18-‐04bis 315782.65 3477862.46 1142.00 90 -‐75 56.3
B-‐18-‐44 315782.65 3477862.46 1200.00 90 -‐45 30.7
B-‐18-‐03bis 315782.65 3477862.46 1142.00 60 -‐70 56.5
B-‐18-‐33 315782.65 3477862.46 1200.00 60 -‐45 32
B-‐18-‐14bis 315951.38 3477862.50 1142.00 90 -‐65 80
B-‐18-‐13bis 315951.38 3477862.50 1142.00 50 -‐70 56.4
B-‐18-‐12bis 315951.38 3477862.50 1142.00 5 -‐70 65.5
B-‐18-‐17bis 315774.00 3477936.00 1142.00 145 -‐70 71
B-‐18-‐17 315774.00 3477936.00 1142.00 145 -‐45 46.7
B-‐18-‐16 315774.00 3477936.00 1142.00 90 -‐45 38
B-‐18-‐16bis 315774.00 3477936.00 1142.00 90 -‐75 56.5
B-‐18-‐15 315774.00 3477936.00 1142.00 48 -‐45 35
B-‐18-‐15bis 315774.00 3477936.00 1142.00 48 -‐75 56.5
B-‐18-‐20 316098.42 3477790.39 1142.00 45 -‐45 47
B-‐18-‐20bis 316098.42 3477790.39 1142.00 90 -‐65 65.5
B-‐18-‐19 316098.42 3477790.39 1142.00 45 -‐45 35
B-‐18-‐18 316098.42 3477790.39 1142.00 0 -‐45 35
B-‐18-‐18bis 316098.42 3477790.39 1142.00 0 -‐70 65.5
B-‐18-‐19bis 316098.42 3477790.39 1142.00 45 -‐70 56.5
B-‐18-‐21 316231.09 3477696.81 1142.00 5 -‐45 35
B-‐18-‐21bis 316231.09 3477696.81 1142.00 5 -‐70 56.5
B-‐18-‐22 316231.09 3477696.81 1142.00 65 -‐45 35
B-‐18-‐22bis 316231.09 3477696.81 1142.00 65 -‐70 56.5
*Note: The latest holes of the 2018 program are not surveyed with a DGPS yet, it is why they have the fixed
1142mZ elevation in the table, also note that several were drilled from the same set-‐up, the precise location
will be disclosed once received and validated.
Drilling on the tailings
A total of 49 holes were drilled on the Boumâadine tailings using the AMS soil core sampler. A
total of 34 holes were drilled on tailing TG1 totaling 70.53m and 15 holes were drilled on tailing
TG2 totaling 116.10m. The main objective of the drilling program was the mineral resource
estimation of the tailings. The table below shows the highlights.
Hole
Name From To Length Au ppm
Hole
Name From To Length Au
TG1-‐18-‐03 1 1,34 0,34 4,03 TG2-‐18-‐03 6 7 1 2,67
TG1-‐18-‐06 0 1 1 4,6 TG2-‐18-‐04 6 7 1 2,54
TG1-‐18-‐12 0 1,1 1,1 3,02 TG2-‐18-‐04 7 7,4 0,4 3,04
TG1-‐18-‐13 2 3 1 3,32 TG2-‐18-‐05 5 6 1 2,63
TG1-‐18-‐13 3 3,6 0,6 3,12 TG2-‐18-‐05 6 7 1 2,87
TG1-‐18-‐14 1 2 1 3,24 TG2-‐18-‐05 7 8 1 2,72
TG1-‐18-‐14 2 2,7 0,7 3,18 TG2-‐18-‐06 6 7 1 2,46
TG1-‐18-‐15 0 1 1 3,26 TG2-‐18-‐12 4 5 1 2,51
TG1-‐18-‐15 1 1,7 0,7 3,54 TG2-‐18-‐12 5 6 1 2,44
TG1-‐18-‐16 0 1 1 3,26 TG2-‐18-‐12 6 7 1 2,68
TG1-‐18-‐16 1 1,7 0,7 3,7 TG2-‐18-‐12 7 7,56 0,56 2,62
TG1-‐18-‐17 1 2 1 4,04 TG2-‐18-‐15 2 3 1 2,82
TG1-‐18-‐17 2 2,27 0,27 3,6 TG2-‐18-‐15 3 4 1 2,94
TG1-‐18-‐18 0 1 1 3,4 TG2-‐18-‐15 4 5 1 2,72
TG1-‐18-‐19 1 1,6 0,6 3,08 TG2-‐18-‐15 5 6 1 3,54
TG2-‐18-‐01 4 5 1 2,45 TG2-‐18-‐15 6 6,76 0,76 2,92
TG2-‐18-‐01 5 6 1 2,35 TG2-‐18-‐15 6,76 7,19 0,43 2,64
Surface sampling
Maya’s geologists started the first surface sampling program at Boumadine in April 2018. The
sampling program was discussed during the site visit from GoldMinds Geoservices and covered a
portion of Imariren and zone Nord.
The sampling program consisted of channel sampling (with saw) cross-‐cutting the exposed
mineralized structures oriented E-‐W, NNE-‐SSW and NE-‐SW filled by quartz cements, barite and
traces of lead and copper. Sample length represented the thickness of the mineralized veins and
their location was determined using a hand held GPS.
The main objectives of this sampling program were:
-‐ Complete historical works to cover areas with less geochemical information;
-‐ Prospecting new areas following the mineralized structures trend;
-‐ Identified new target with high-‐grade potential for the diamond drill program in progress
at Boumâadine.
The table below (Table 4) shows the surface grab & Channel samples highlights and their
localisation are shown in Figure 1.
Table 4: The highlights from the surface sampling results.
Hole Name Au ppm Ag ppm Zn ppm Pb ppm Cu ppm
TN19 48 216 200 0,574 160
CS16 9 162 652 1,16 160
IM39 6,82 124 44 0,83 28
IM26 6,76 34 3264 0,37 109
ZS19 6,6 234 242 1,04 181
IM17 5,82 14 1063 0,14 213
IM18 5,8 80 3236 0,37 283
ZS18 5,72 144 749 0,2 314
ZC3 5,54 177 1700 2,47 40
TN14 5,02 66 100 1,31 40
IM23 4,64 80 3280 1,19 309
IM34 4,24 52 1087 5,29 1431
IM07 4,02 12 153 0,45 15
CS12 4,02 18 1174 1,23 178
IM38 2,98 136 200 1,63 115
IM27 2,8 64 3665 0,61 67
CS11 2,7 16 650 1,13 126
ZS12 2,6 90 155 2,57 46
ZC5 2,46 70 900 2,85 46
IM24 2,4 56 1196 1,49 489
ZS17 2,4 66 1669 2,5 410
ZS20 2,34 80 264 1,76 138
CS13 2,08 255 480 1,46 91
ZC6 1,82 145 1200 5,24 259
TN5 1,8 86 12000 1,92 37700
CS15 1,7 147 119 3,69 81
ZS6 1,58 148 565 3,09 83
TN26 1,54 69 600 2,21 50
The geochemical survey covered the main mineralized zone at the Northern part of the property.
The geochemical survey appears to be a very effective method and give s us a better
understanding of the polymetallic deposit (related structures, the geological control and target
identification for drilling to explore vertical extension).
The figure below shows the surface sample locations with Au value in g/t taken from the exposed
structures.