Significant Resource Expansion at Boumadine Project
Aya Gold & Silver Inc.
Mining

Aya Gold & Silver Inc. has announced a significant increase in the mineral resource estimate for its Boumadine Project in Morocco. The updated estimate, prepared in accordance with National Instrument 43-101 standards, reveals an inferred mineral resource of 29.2 million tonnes at an average grade of 1.84 grams per tonne (g/t) gold, 90 g/t silver, 0.96% zinc, and 0.63% lead. This translates to approximately 1.74 million ounces of gold and 84.4 million ounces of silver.

The Boumadine Project, located in the Anti-Atlas Mountains, has a rich history of mining dating back to the Middle Ages. Aya Gold & Silver’s recent exploration efforts have focused on delineating and expanding the known mineralization zones. The latest drilling campaigns have successfully identified new high-grade zones, contributing to the substantial increase in the resource estimate.

Benoit La Salle, President and CEO of Aya Gold & Silver, expressed enthusiasm about the updated resource estimate, stating that it underscores the project’s potential to become a significant contributor to the company’s growth strategy. He emphasized that the results not only enhance the project’s value but also provide a strong foundation for future development plans.

The updated resource estimate incorporates data from recent drilling programs, which have extended the mineralized zones both laterally and at depth. Notably, the exploration team has identified several high-grade intercepts, including 44.2 meters at 10.9 g/t gold and 9.4 meters at 44.1 g/t gold in the newly discovered Pisces zone. These findings suggest the presence of robust mineralization that could support future mining operations.

Aya Gold & Silver plans to continue its aggressive exploration program at Boumadine, aiming to further expand the resource base and upgrade the classification of resources from inferred to measured and indicated categories. The company is also evaluating various development scenarios, including the potential for both open-pit and underground mining operations, to optimize the project’s economics.

In addition to the resource expansion, Aya Gold & Silver is committed to advancing environmental and social initiatives in the region. The company is engaging with local communities and stakeholders to ensure that the project’s development aligns with sustainable practices and brings tangible benefits to the area.

The Boumadine Project’s strategic location, combined with the updated resource estimate, positions it as a key asset in Aya Gold & Silver’s portfolio. As the company moves forward with further exploration and development activities, the project is poised to play a pivotal role in meeting the growing global demand for precious metals.

Investors and stakeholders will be closely monitoring Aya Gold & Silver’s progress at Boumadine, as the project holds the promise of enhancing the company’s production profile and contributing to its long-term growth objectives. The successful advancement of Boumadine could also have positive implications for the regional economy, providing employment opportunities and fostering economic development in the surrounding communities.

In summary, the significant increase in the Boumadine mineral resource estimate marks a milestone achievement for Aya Gold & Silver. The company’s ongoing commitment to exploration excellence and sustainable development practices sets a strong foundation for the project’s future success and its potential to become a major player in the precious metals sector.