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Aya Gold & Silver Reports Zgounder Near Pit and At-Depth High-Grade Silver Drill Results

In This Article:

Aya Gold & Silver Inc.
Aya Gold & Silver Inc.

MONTREAL, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF) (“Aya” or the “Corporation”) is pleased to announce additional high-grade silver drill results from its at-depth drill exploration program at the Zgounder Silver Mine in the Kingdom of Morocco.     

Highlights (all intersections are in core lengths)

  • In the Eastern Zone near the open-pit area:

    • Hole ZG-RC-24-277 intercepted 2,425 g/t grams per tonne (“g/t”) silver (“Ag”) over 17.0 meters (“m”), including 6,311 g/t Ag over 5.0m

    • Hole ZG-RC-24-228 intercepted 1,356 g/t Ag over 20.0m, including 1,799 g/t Ag over 14.0m

    • Hole ZG-RC-24-345 intercepted 876 g/t Ag over 16.0m, including 2,018 g/t Ag over 5.0m

    • Hole ZG-RC-24-154 intercepted 711g/t Ag over 19.0m, including 1,229 g/t Ag over 7.0m

  • In the Central Zone from the 1,950m level:

    • Hole DZG-SF-24-219 intercepted 321 g/t Ag over 21.0 m, and 396 g/t Ag over 11.0m

    • Hole DZG-SF-24-293 intercepted 1,119 g/t Ag over 6.0m, including 2,432 g/t Ag over 2.5m

  • At depth near the granite contact:

    • Hole ZG-SF-24-206 intercepted 1,071 g/t Ag over 3.5m, and 1,299 g/t Ag over 3.5m including 3,640 g/t Ag over 1.0m

    • Hole ZG-SF-24-218 intercepted 636 g/t Ag over 11.0m including 1,560 g/t Ag over 4.0m

  • 34,809m of the 2024 exploration program drilled year to date

“Today’s high-grade silver drill results, particularly from holes ZG-RC-24-277 and ZG-RC-24-228, confirm the continuity of silver mineralization at Zgounder,” said Benoit La Salle, President & CEO. “The exceptional intercepts from these holes highlight the potential to significantly increase high-grade ounces within and near the open pit area, strengthening our confidence in expanding open-pit operations in the near term. Additionally, high-grade intercepts near the granite contact, such as ZG-SF-24-206 and ZG-SF-24-218, further emphasize the opportunity for resource expansion at depth. With four underground and one RC rig currently active, we anticipate a steady flow of results in the coming months to further enhance our understanding and resource potential.”

Included in this release are results from 291 holes, which include 6 surface Diamond Drill (“DDH”), 99 underground DDH, 123 Reverse Circulation (“RC”), 41 T28 and 22 YAK holes (T28 and YAK: percussion drilling using an air-compressed hammer).  For a full summary of today’s results, refer to Appendix 1.

Table 1 – Significant Intercepts from Drilling at Zgounder (core lengths)

Hole ID

From

To

Ag
(g/t)

Length
(m)*

Ag x width

Underground DDH

ZG-SF-24-206

273.5

277.0

1 071

3.5

3 748

ZG-SF-24-206

298.5

302.0

1 299

3.5

4 548

Including

298.5

299.5

3 640

1.0

3 640

ZG-SF-24-218

129.0

140.0

636

11.0

6 996

Including

133.0

137.0

1 560

4.0

6 238

DZG-SF-24-163

6.0

7.5

4 720

1.5

7 080

DZG-SF-24-187

28.5

38.0

493

9.5

4 682

DZG-SF-24-188

31.5

46.0

412

14.5

5 979

DZG-SF-24-219

13.5

34.5

321

21.0

6 736

DZG-SF-24-219

44.0

55.0

396

11.0

4 352

DZG-SF-24-293

34.0

40.0

1 119

6.0

6 712

Including

34.0

36.5

2 432

2.5

6 080

Surface RC

ZG-RC-24-153

61.0

65.0

1 681

4.0

6 724

ZG-RC-24-154

19.0

38.0

711

19.0

13 512

Including

19.0

26.0

1 229

7.0

8 604

ZG-RC-24-167

0.0

7.0

1 153

7.0

8 068

Including

3.0

5.0

3 680

2.0

7 360

ZG-RC-24-168

24.0

40.0

609

16.0

9 748

Including

35.0

38.0

2 132

3.0

6 396

ZG-RC-24-169

20.0

42.0

485

22.0

10 680

Including

23.0

26.0

1 331

3.0

3 992

ZG-RC-24-220

1.0

20.0

211

19.0

4 016

ZG-RC-24-228

25.0

45.0

1 356

20.0

27 128

Including

28.0

42.0

1 799

14.0

25 192

ZG-RC-24-234

0.0

2.0

3 660

2.0

7 320

ZG-RC-24-234

6.0

7.0

7 040

1.0

7 040

ZG-RC-24-235

0.0

13.0

778

13.0

10 116

Including

0.0

1.0

6 880

1.0

6 880

ZG-RC-24-277

33.0

50.0

2 425

17.0

41 232

Including

37.0

42.0

6 311

5.0

31 556

ZG-RC-24-303

22.0

28.0

1 970

6.0

11 820

ZG-RC-24-318

8.0

17.0

1 143

9.0

10 284

Including

12.0

14.0

4 598

2.0

9 196

ZG-RC-24-318

35.0

47.0

580

12.0

6 965

Including

35.0

39.0

1 001

4.0

4 004

ZG-RC-24-345

15.0

31.0

876

16.0

14 016

Including

22.0

27.0

2 018

5.0

10 092

ZG-RC-24-347

26.0

29.0

2 369

3.0

7 108

ZG-RC-24-353

8.0

10.0

2 288

2.0

4 576

ZG-RC-24-355

0.0

20.0

555

20.0

11 092

Including

9.0

12.0

1 692

3.0

5 076


Figure 1:
Location of Drill Results at Zgounder