PRESS RELE ASE Mining in Sustainability Maya Gold and Silver drills 5.09 g/t Au over 4m near surface and Extends High-Grade Mineralized Structures at Imarighen Zone, Boumadine Polymetallic Mine.
PRESS RELE ASE Mining in Sustainability
Maya Gold and Silver drills 5.09 g/t Au over 4m
near surface and Extends High-Grade Mineralized
Structures at Imarighen Zone, Boumadine
Polymetallic Mine.
MONTREAL, Jan. 13, 2020 (GLOBE NEWSWIRE) -- Maya Gold & Silver Inc. (“Maya” or the
“Corporation”) (TSX: MYA) is very pleased to announce that it has intersecte d a series of significant
drill results from its ongoing 2019-2020 diamond dr illing program from the surface at its Boumadine
polymetallic mine in the Kingdom of Morocco. The Co rporation is reporting assay results from 7
diamond drill holes for 2,103 meters out of 26 hole s of the 2019 program totaling 3959.2
meters. Other results are pending from the remainin g drill holes, and will be disclosed once the
results are received, compiled and verified.
The assay results reported herein are provided in Table 1 below and include the following highlights:
Highlights:
- Imarighen zone
o Drill Hole B19-05 intersect 2.51 g/t Au and 1.82% Z n over 7 meters from 97.6m to
104.6m, including 3.99 g/t Au and 3.09% Zn Over 2.5 meters from 101.1m to 103.6m.
o Drill Hole B19-06 intersect 4.86 g/t Au and 5% Zn o ver 2.5 meters from 146,00m to
148,50m, including 11.35 g/t Au and 0.82% Zn Over 1 meters from 146,5m to 147m.
o Drill Hole B19-06 intersect 5.15 g/t Au and 0.99% Z n over 1 meters from 139m to
140m.
o Drill Hole B19-08 intersect 5.09 g/t Au and 5.56% Zn over 4 meters from 75m to 79m,
including 5.51 g/t Au over 3 meters from 75m to 78m.
- Centre zone
o Drill Hole B19-03 intersect 4.09 g/t Au and 249.62 g/t Ag over 6 meters from 228.9m
to 234.9m, including 9.11 g/t Au and 214.88 g/t Ag over 1.5 meters from 229.4m to
230.9m.
o Drill Hole B19-01 intersect 1.5 g/t Au and 132.9 g/t Ag over 5 meters from 197.5m to
202.5, including 2.3 g/t Au and 112 g/t Ag over 1.5 meters from 198m to 199.5m.
o Drill Hole B19-03 intersect 2.96 g/t Au and 96.4 g/t Ag over 2 meters from 217.9m to
219.9, including 4.29 g/t Au and 128.76 g/t Ag over 1 meters from 217.9m to 218.9m.
‘These positive assay results validate the vertical extension of the exposed mineralized structures an d
increase the quality of the mineralization in both zones; Imarighen and Centre. These results should
also increase the quality and extent of the mineral resources within the existing pit-constrained
resources highlighted in the PEA of March 24 th 2019’ said Mohamed Assalmi Senior Geologist at
Boumadine Global Mining « BGM ».
Boumadine Deposit – Current Interpretation
Mineralization at Boumadine deposit is defined by v ein swarm with NNW-SSE striking, and
subvertical dipping hosted in Ignimbrite, Andesitic, and dioritic rocks.
These structures host high-grade mineralization ass ociated to strong sericite-chlorite alteration with
disseminated pyrite, arsenopyrite, galena, sphalerite and the massive pyrite prominently observed in
several targets. The high-grade intervals pinch an d swell vertically with the strongest mineralizatio n
occurring where the structures cross lithologic contacts or in the contact with dolerite dykes (figure 1
and 3)
The system is also cut by a late, E-W oriented stru ctures with a mineralization of baryte-copper-lead
and Zinc.
Figure 1: Geological map of the Boumadine deposits with the drill holes (program 2019-
2020).
Boumadine – 2019 Diamond Drilling
A total of 11235m of diamond drilling is programmed for 2019 and 2020. Drilling was conducted in
three zones (Imarighen, Centre and North) with a focus on the surface sampling program results and
the positive results from the 2018 program.
A total of 26 holes were drilled totaling 3959.2m. At zone Centre four holes were drilled totaling
1446.7m. At zone Imarighen nineteen holes were dril led totaling 1968.6m. At zone Nord three holes
were drilled totaling 543.9m with holes B20-1 realized and hole B20-2 in progress.
- Imarighen zone
At zone Imarighen 19 holes were drilled and are com plementary to the 2018 program to confirm
known envelops, and increase confidence in the mineral resources.
The holes (B19-5-6-7 and 8) that transect across t he core of western Imarighen target area,
establishing the vertical and lateral continuity of the mineralized structures initially intersected
during 2018 drilling. The table below show the main results (table1) (figure 2).
Figure2: Section looking North showing the Main bodies at the Western Imarighen zone.
Figure3: Mineralized zones intersected in hole B19-7 discussed in this release dominated by
massive sulfides mainly pyrite, sphalerite and galena.
Table 1: Mineralized intervals From Westers Imarighen Holes
Hole From (m) To (m) Length (m) Ag g/t Au g/t Cu % Pb % Zn %
B19 -05 11,00 11,50 0,50 16,78 2,39 0,02 1,00 0,55
B19 -05 46,50 48,50 2,00 4,95 0,80 0,02 0,66 3,38
B19 -05 97,60 104,6 7,00 24,70 2,51 0,04 0,10 1,82
Including 98,1 100,1 2,00 26,14 3,58 0,01 0,08 2,00
Including 101,1 103,6 2,50 38,60 3,99 0,10 0,17 3,09
B19 -06 139,00 140,00 1,00 386,00 5,15 0,19 0,52 0,99
Including 139,50 140,00 0,50 653,23 5,86 0,25 0,80 1,84
B19 -06 141,50 143,50 2,00 53,82 3,01 0,18 0,27 2,00
Including 141,50 142,00 0,50 59,38 3,59 0,22 0,44 4,03
Including 142,50 143,50 1,00 63,10 3,60 0,24 0,28 1,85
B19 -06 146,00 148,50 2,50 123,38 4,86 0,28 0,51 5,00
Including 146,5 147 0,50 67 11,35 0,05 0,30 0,82
Including 147,00 148,00 1,00 37,35 3,57 0,09 0,20 2,20
B19 -06 158,50 162,50 4,00 15,10 1,24 0,04 0,15 0,37
Including 161 162,5 1,50 38,60 2,28 0,09 0,12 0,53
B19 -07 157,00 164,00 7,00 31,50 2,09 0,06 1,09 2,39
Including 157 157,5 0,50 15 5,43 0,01 0,20 0,15
Including 157,5 159 1,50 17,32 1,66 0,02 1,48 1,42
Including 161,5 163 1,50 66,81 4,71 0,22 0,37 5,57
B19 -08 42,00 44,50 2,50 34,31 2,79 0,04 2,16 2,84
Including 42 43 1 21,44 2,36 0,02 1,30 2,87
Including 43 43,5 0,5 36 6,00 0,03 1,76 1,51
Including 43,5 44,5 1 46,46 1,62 0,05 3,23 3,47
B19 -08 75,00 79,00 4,00 30,50 5,09 0,15 0,23 5,56
Including 75,00 78,00 3,00 31,14 5,51 0,15 0,11 0,49
Including 78 79 1 28,59 3,84 0,13 0,62 20,79
- Central Zone
A total of four holes were drilled at zone Centre o f Boumadine deposit. Holes (B19-1-3 and 4) were
drilled to validate the vertical extension of the main structure oriented NNW. They intersected many
intervals of mineralization reached up to 9.11 g/t Au over 1.5m. The table below shows the main
results (table 2).
Table 2: Mineralized intervals from central Zone Holes
Hole From (m) To (m) Length (m) Ag g/t Au g/t Cu % Pb % Zn %
B-19 -04 140 .00 145 .50 5.50 22.03 0.57 0.18 0.42 0.70
Including 143 .00 144 .50 1.50 28.31 1.34 0.33 0.88 1.04
B-19 -04 245 .50 249 .50 4.00 373.94 1.61 1.96 2.25 3.03
B-19 -04 367 .00 369 .00 2.00 128 .00 1.84 0.18 4.81 7.63
Including 367 .50 369 .00 1.50 154 .67 1.92 0.21 6.05 8.87
B19 -01 197 .50 202 .50 5.00 132 .90 1.50 0.22 0.33 0.89
Including 198 199.5 1.5 112.00 2.30 0.32 0.47 0.53
B19 -01 209 .00 209 .50 0.50 1.00 1.10 0.01 0.06 0.60
B19 -01 248 .50 250 .00 1.50 42 .29 1.01 0.01 2.19 0.65
Including 249 .50 250 .00 0.50 56 .00 1.58 0.02 3.35 1.25
B19 -03 128 .50 130 .50 2.00 230 .93 1.69 0.53 0.51 1.07
Including 129 .00 130 .00 1. 00 393 .85 2.16 1.02 0.74 1.34
B19 -03 217 .90 219 .90 2. 00 96 .38 2.96 0.24 0.58 8.91
Including 217 .90 218 .90 1. 00 128 .76 4.29 0.35 0.57 0.96
Including 218.9 219.9 1.00 64.00 1.63 0.13 0.59 16.85
B19 -03 228.90 234.90 6.00 249,62 4,09 0,78 0,18 0,25
Including 229,4 230,9 1,5 214,88 9,11 0,84 0,14 0,09
Including 230,9 233,4 2,5 454,39 3,16 1,34 0,27 0,12
B19 -03 243.40 246.40 3.00 172,92 2,59 0,27 0,24 1,74
B19 -03 250 .40 251 .40 1.00 26 .51 1.18 0.01 0.25 1.73
The assay results are mostly for an interval of 0.5 meter sample. The sample lengths reported here are b etween
70% and 75% of true horizontal widths. The grades herein are reported as uncapped values.
Quality Control / Quality Assurance (QA/QC)
The direction and inclination of the diamond drillh oles were oriented in a way to target
perpendicular to the exposed mineralized structures using NQ diameter drill core. Samples were
collected using a 0.5-meter minimum length, one-meter maximum length. Drill core recovery averaged
95%. Two quality control samples (blank and standards) were inserted into each batch of 20 samples.
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. The sealed plastic bags
were grouped in sealed plastic buckets which were s ent to the Afrilab laboratory at Marrakech
(Morocco). At Afrilab the core samples are crushed to have d80 passing 2mm and afterward riffle
split 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 d etermination. Fire assay is used for Au and Ag.
The standards and blanks used are in line with expected results.
Qualified Persons
The technical content of this news release has been reviewed based on the information’s received
from Maya Gold and Silver by Claude Duplessis Eng., and Merouane Rachidi. P.Geo., Ph.D. from
GoldMinds Geoservices Inc. independent Qualified Persons under NI 43-101 standards.
ABOUT MAYA
Maya Gold & Silver Inc. is a publicly-traded Canadian company focused on the operation. Exploration
and development of gold and silver deposits in the Kingdom of Morocco. Maya is currently operating
mining and milling facilities at its Zgounder Mine is a 85%-15% joint venture between its subsidiary.
ZMSM and the ONHYM of the Kingdom of Morocco.
Its mining portfolio also includes the Boumadine po lymetallic deposit located in the Anti-Atlas
Mountains of Eastern Morocco. The property is also a joint venture with ONHYM wherein Maya
retains a 85% ownership.
Additionally, the Corporation’s portfolio includes the Amizmiz and Azegour properties, both being
100% owned. The properties having gold, tungsten, m olybdenum and copper mineralization
covering over 100 square kilometers permit in an hi storical mining district of the Kingdom of
Morocco.
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 statem ent 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 reflecte d in these forward-looking statements are
reasonable. However. actual events and results coul d be substantially different because of the risks
and uncertainties associated with our business or e vents 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 pres s release are qualified by these cautionary
statements 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