Aya Gold & Silver announces significant increase in mineral resource estimate in Morocco

From GlobeNewswire: 2025-02-24 08:16:00

Aya Gold & Silver Inc. announces an updated Mineral Resource Estimate at its Boumadine Project in Morocco. The Inferred Mineral Resource includes 29.2Mt at 82g/t Ag, 2.63g/t Au, 2.11% Zn, and 0.82% Pb. The Indicated Mineral Resource has 5.2Mt at 91g/t Ag, 2.78g/t Au, 2.8% Zn, and 0.85% Pb.

The updated MRE represents a 120% increase in indicated resources and a 19% increase in inferred resources. The mineral resource potential shows the ability to expand the deposit in all directions for future estimations. Ongoing metallurgical studies are promising for large-scale development.

Exploration at Boumadine has expanded the mineralized footprint by 850%. A total of 93 new drill holes were incorporated into the updated MRE. Historical mining was not depleted from the MRE, as only a small portion was extracted. Molybdenum was excluded from the calculations due to recovery evaluations.

The MRE was effective as of February 24, 2025, and included 428 surface diamond drill holes totaling 142,268 meters. The mineralized material extracted historically was minimal compared to the current MRE. The MRE was estimated in accordance with CIM Standards and Best Practices Guidelines.

Aya Gold & Silver Inc. is a Canada-based silver producer with operations in Morocco. The company is focused on maximizing shareholder value through sustainable practices in production and exploration. Aya operates the Zgounder Silver Mine and explores properties along the South-Atlas Fault.

Forward-looking statements in the news release provide information about the Corporation’s current expectations and plans. These statements include risks and uncertainties that could impact the business, financial condition, and results. The Corporation plans to file a Technical Report on SEDAR+ within 45 days of the press release.



Read more at GlobeNewswire: Aya Gold & Silver Announces Significant Increase in