Zgounder Silver Mine Produces Monthly Record of 53,376 ounces Ag In January 2017
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PRESS RELEASE
Zgounder Silver Mine Produces Monthly Record of 53,376 ounces Ag
In January 2017
Blainville, Québec – February 14, 2017– Maya Gold & Silver Inc. (“Maya” or the “ Corporation”)
(TSXV: MYA) is pleased to report production of 53,376 ounces (1660 Kg) during the month of January
2017 at its Zgounder silver mine in Morocco. This constitutes a record monthly production.
January 2017 Operational Highlights
- 53,376 ounces (1660 Kg) of silver ingots produced
- A total 4975 tonnes of dry material with an average head grade of 380.9 g/t Ag;
- A total recovery rate of 87.61%
Principal location and level of extraction zones during the month of January
Underground Workings Level
Tonnage
(T)
Average
Grade Ag (g/t)
Panneau 8 2000 1144 360
2Y bis, P1et P3 2100 1968 443
Zone Nord 2000 24 314
Corps C 2000 2944 381
Corps A 2000 104 213
Total Extracted 6184 393
Muck-broken mineralized material 625 332
January Highlights of research work at the Zgounder Mine
During the month of January 2017, underground research exploration through percussion
drilling yielded 402 m of drill material.
One investigated mine working (P3, 2Ybis) is located at the contact of the dolerite dyke with
strongly sericitized and chloritized metasediments. The mineralization reveals disseminated
sulphides (sphalerite, galena and pyrite) and abundant native silver plating in fractures. 400 t of
mineralized material grading 540 ppm Ag were extracted.
A 10 m east-west section within the North Zone, level 2000 and related to two percussing drill holes
unearthed a highly fractured zone containing red silver mineralization. A follow-up percussion
drilling campaign confirmed the lateral continuity of the silver mineralization along an EW
orientation.
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Qualified Persons
The technical content of this news release has been provided by Zgounder Millenium Silver Mining and has been
reviewed and approved by Michel Boily, PhD, geo from GÉON; an independent Qualified Person under NI 43-101
standards.
ABOUT MAYA
Maya Gold & Silver Inc. is a Canadian 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. Zgounder Millenium Silver Mining (“ZMSM”), the 85% owned joint venture with
l’Office National des Hydrocarbures et des Mines (“ONHYM”) of the Kingdom of Morocco (15%)
For further information on Maya, visit www.mayagoldsilver.com or contact:
Maya Gold & Silver Inc.:
Guy Goulet
Chief Executive Officer
T: 450-435-0700 ext. 204
Nathalie Dion
Investor Relations
T: 450-435-0700 ext. 202
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Forward looking information
Zgounder Silver Mine
The decision to commence production at the Zgounder Silver Mine was not based on a feasibility study
of mineral reserves demonstrating economic and technical viability, but rather on a pre -feasibility
study. Accordingly, there is increased uncertainty and econom ic and technical risks of failure
associated with this production decision. Production and economic variables may vary considerably,
due to the absence of a complete and detailed site analysis according to and in accordance with NI 43 -
101.
Forward-looking statements
This news release contains statements about our future business and planned activities. These are "forward -
looking" because we have used what we know and expect today to make a statement about the future. Forward -
looking statements including but are not limited to comments regarding the timing and content of upcoming work
and analyses. Forward-looking statements usually include words such as may, intend, plan, expect, anticipate, and
believe or other similar words. We believe the expectations re flected 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. Y ou 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.