Aya Gold & Silver obtains seven new exploration permits in Morocco
MONTREAL, June 28, 2021 / CNW Telbec / – Aya Gold & Argent inc. (TSX: AYA) (“Aya” or the “Company”) is pleased to announce that it has obtained seven new exploration permits by from Morocco Ministry of Energy, Mines and the Environment, increasing its total land position by 40% in its regional properties in Zgounder and Azegour. The additions are part of Aya’s strategy to consolidate her land position in the highly promising Anti-Atlas region in the Kingdom of Morocco.
Highlights of the Zgounder permit
- Granting of five permits in the prolific Zgounder regional area, increasing Aya’s exploration land holdings by 112 km2 168 km away2
- The new permits are located in an area known for copper-gold-silver
Highlights of the Azegour license
- Granting of two permits in the Azegour zone covering a total of 29 km2
- The two properties are directly adjacent to the Azegour mining permit
- The new permits are located adjacent to the granite intrusion of Azegour and contain historical occurrences of copper, lead and zinc.
- Mining permits and exploration lands in the Azegour area now total 129 km2
“We are delighted to add these seven new permits, which significantly increase our land holdings adjacent to existing mapped development projects and strengthen our mining engagement in Morocco. These acquisitions allow us to leverage our existing regional knowledge and infrastructure to identify potential geological showings that can ultimately be drilled to grow our resource base and improve shareholder value for all stakeholders. Exploration for permits should start in the coming months, ”said Benoit La Salle, President and CEO.
Zgounder permit update
The five newly acquired Zgounder regional properties are located on the western flank of the Sirwa massif of the Anti-Atlas Mountains, on the southern flank of the High Atlas Mountains and in the eastern part of the Askaoune granite.
In addition to sharing a geological context similar to that of Zgounder, the new permits contain historically mapped occurrences of copper, gold, silver, lead and zinc that are closely related to key structural features (see Figure 1 ). As evidenced by ongoing high grade silver results provided by recent core drilling programs on Zgounder, the Zgounder regional zone offers significant mineral potential.
Update of the Azegour license
The two newly granted permits increase the coverage of Aya’s exploration land by 29 km2 near his Azegour property, located about 80 kilometers south-southwest of Marrakech. The two permits are directly adjacent to the granite intrusion of Azegour, whose metamorphic rocks have created numerous gold, molybdenum, tungsten and copper deposits of interest within its contact halo, more precisely in its limestone layers. To date, the most interesting deposits have been discovered in the central and western layers. The old Azegour mine, believed to be a typical copper-molybdenum skarn deposit, was developed in the central layer at the southernmost location (see Figure 2).
In addition to the favorable geological setting, the new permits contain historical occurrences of copper, lead and zinc.
Marc-Antoine Audet, Ph.DP Geo, consultant in geology, is Aya Gold & Silver’s Qualified Person and has reviewed this press release for accuracy and compliance with National Instrument 43-101.
About Aya Gold & Argent inc.
Aya Gold & Silver Inc. is a growing company, Canadasilver producer based in the Kingdom of Morocco.
The only pure silver mining company listed on the Toronto Stock Exchange, Aya operates the high-grade Zgounder silver mine and explores its properties along the potential South Atlas fault, several of which have hosted producing mines and historical resources. Aya’s Moroccan mining assets are complemented by its Tijirit gold project in Mauritania, which is advanced to feasibility.
Since her appointment in mid-2020, Aya’s new leadership team has focused on maximizing shareholder value by anchoring sustainability at the heart of its production, resources, governance and financial growth plans.
For more information, please visit Aya’s website at www.ayagoldsilver.com.
This press release contains certain statements that constitute forward-looking information within the meaning of applicable securities laws (“forward-looking statements”), which reflect management’s expectations regarding the future growth and business prospects of Aya (including the timing and development of new deposits and the success of exploration activities) and other opportunities. Whenever possible, words such as “plans”, “expects”, “does not expect”, “book”, “plan”, “planned”, “trends”, “indications”, “Potential”, “estimates”, “predicted”, “anticipate”, “establish”, “do not anticipate”, “believe”, “intend”, “capacity to” and similar expressions or statements that some actions, events or results “could”, “could”, “would”, “could”, “will”, or are “likely” to be taken, to occur or to be carried out, were used to identify these Forward-looking information. The specific forward-looking statements contained in this press release include, without limitation, statements and information regarding the exploration and development potential of Zgounder and the conversion of Inferred Mineral Resources into Measured and Indicated Mineral Resources. , the future opportunities for improvement of development in Zgounder, and the timing of the p ublication of the Company’s disclosure relating to the foregoing. Although the forward-looking information contained in this press release reflects management’s current beliefs based on information currently available to management and on the basis of what management considers reasonable assumptions, Aya cannot be certain that actual results will be consistent with this forward-looking information. These forward-looking statements are based on assumptions, opinions and analyzes made by management in light of its experience, current conditions and its expectations regarding future developments that management considers reasonable and relevant but which may prove to be incorrect. . These assumptions include, but are not limited to, the closure and timing of funding, the ability to obtain all required government approvals, the presence of artisanal miners, obtaining regulatory permits for on-site work, import of goods and machinery and permits, accuracy of Mineral Reserve and Resource Estimates (including, but not limited to, tonnage and grade estimates of ore), silver price, the price of gold, exchange rates, fuel and energy costs, future economic conditions, expected future estimates of free cash flow, and courses of action. Aya cautions you not to place undue reliance on these forward-looking statements.
Risks and uncertainties that may affect forward-looking statements include, among others: risks inherent in the exploration and development of mineral properties, including government approvals and permits, changes in economic conditions, changes in price global silver, gold and other inputs, changes in mine plans (including, but not limited to, throughput and recoveries affected by metallurgical characteristics) and other factors, such as project execution delays, many of which are beyond Aya’s control, as well as other risks and uncertainties which are further described in Aya’s 2020 Annual Information Form dated March 31, 2021, and in other documents filed by Aya with securities and regulatory authorities which are available on SEDAR at www.sedar.com. Aya assumes no obligation to update forward-looking statements if assumptions relating to such plans, estimates, projections, beliefs and opinions change. Nothing in this document should be construed as an offer to sell or a solicitation to buy or sell Aya securities. All references to Aya include its subsidiaries, unless the context requires otherwise.
SOURCE Aya Gold & Money Inc
For further information: Benoit La Salle, FCPA FCA, Chairman and CEO, [email protected]; Alex Ball, Vice President, Corporate Development and RI, [email protected]