Aya Gold & Silver Inc. (TSX: AYA; OTCQX:
AYASF) (“Aya” or the “Corporation”) is pleased to announce that it
has filed on SEDAR+ an updated independent Technical Report (the
“Technical Report”) prepared in accordance with National Instrument
43-101 for the Boumadine Polymetallic Project in the Kingdom of
Morocco.
The report can be consulted on the
SEDAR+ website and on the Presentations
& Technical Reports page of the Corporation’s
website.
The Technical Report entitled “Technical Report
and Updated Mineral Resource Estimate of the Boumadine Polymetallic
Project, Kingdom of Morocco” is dated May 31, 2024 and supports the
disclosure made by the Corporation in its April 16, 2024 press
release announcing a robust Mineral Resource Estimate at Boumadine.
There are no differences between the Technical Report and the
information disclosed in the April 16, 2024 news release.
2025 Mineral Resource
Update
Over 34,000 meters (“m”) of the 120,000m program
budgeted for 2024 have been drilled to date on Boumadine, primarily
along the Main Trend, on the Tizi and North-West Zones. Results
will be incorporated into a Mineral Resource update, which is
currently scheduled for 2025 and has the aim of expanding the
overall estimate.
Qualified Persons
The scientific and technical information
contained in this press release have been reviewed and approved by
David Lalonde, B. Sc, Head of Exploration, Qualified Person, and by
Eugene Puritch, P.Eng., FEC, CET, President of P&E Mining
Consultants Inc., and an independent Qualified Person
P&E Mining Consultants Inc., an associate
group of twenty (20) professionals established in 2004, provides
geological and mine engineering consulting reports, Mineral
Resource and Mineral Reserve Estimates, NI 43-101 Technical
Reports, Preliminary Economic Assessments, Pre-Feasibility and
Feasibility Studies.
About Aya Gold & Silver Inc.
Aya Gold & Silver Inc. is a rapidly growing,
Canada-based silver producer with operations in the Kingdom of
Morocco.
The only TSX-listed pure silver mining company,
Aya operates the high-grade Zgounder Silver Mine and is exploring
its properties along the prospective South-Atlas Fault, several of
which have hosted past-producing mines and historical resources.
Aya’s Moroccan mining assets are complemented by its Tijirit Gold
Project in Mauritania, which is being advanced to feasibility.
Aya’s management team has been focused on
maximising shareholder value by anchoring sustainability at the
heart of its operations, governance, and financial growth
plans.
For additional information, please visit Aya’s website at
www.ayagoldsilver.com.
Or contact
Benoit La Salle, FCPA,
MBAPresident &
CEOBenoit.lasalle@ayagoldsilver.com |
Alex Ball VP,
Corporate Development &
IRalex.ball@ayagoldsilver.com |
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Forward-Looking Statements
This press release contains certain statements
that constitute forward-looking information within the meaning of
applicable securities laws (“forward-looking statements”), which
reflects management’s expectations regarding Aya’s future growth
and business prospects (including the timing and development of new
deposits and the success of exploration activities) and other
opportunities. Wherever possible, words and expressions or
statements that certain actions, events or results “may”, “could”,
“would”, “might”, “will”, or are “likely” to be taken, occur or be
achieved, have been used to identify such forward-looking
information. Specific forward-looking statements in this press
release include, but are not limited to, statements and information
with respect to the exploration and development potential of
Boumadine. Although the forward-looking information contained in
this press release reflect management’s current beliefs based upon
information currently available to management and based upon what
management believes to be reasonable assumptions, Aya cannot be
certain that actual results will be consistent with such
forward-looking information. Such forward-looking statements are
based upon assumptions, opinions and analysis made by management in
light of its experience, current conditions, and its expectations
of future developments that management believe to be reasonable and
relevant but that may prove to be incorrect. These assumptions
include, among other things, the ability to obtain any requisite
governmental approvals, obtaining regulatory permits for on-site
work, importing goods and machinery and employment permits, the
accuracy of Mineral Reserve and Mineral Resource Estimates
(including, but not limited to, ore tonnage and ore grade
estimates), the price of silver, gold, zinc and lead, exchange
rates, fuel and energy costs, future economic conditions,
anticipated future estimates of free cash flow, and courses of
action. Aya cautions you not to place undue reliance upon any such
forward-looking statements.
The risks and uncertainties that may affect
forward-looking statements include, among others: the inherent
risks involved in exploration and development of mineral
properties, including government approvals and permitting, changes
in economic conditions, changes in the worldwide price of silver
gold and other key inputs, changes in mine plans (including, but
not limited to, throughput and recoveries being affected by
metallurgical characteristics) and other factors, such as project
execution delays, many of which are beyond the control of Aya, as
well as other risks and uncertainties which are more fully
described in Aya’s 2023 Annual Information Form dated March 28,
2024, and in other filings of Aya with securities and regulatory
authorities which are available on SEDAR+ at www.sedarplus.ca. Aya
does not undertake any obligation to update forward-looking
statements should assumptions related to these plans, estimates,
projections, beliefs, and opinions change. Nothing in this document
should be construed as either 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.
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