| Announcement Date: | 2022-02-22 |
|---|---|
| Announcement Type: | Deposit Estimation |
| Announcement Code: | NI43-101 |
| Company name: | Aya Gold & Silver Inc. |
| Project name: | Zgounder |
| Location: | Morocco |
| Commodities: | Silver |
| Highlight: | Initial Reserve Estimate for Project |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Montreal, Quebec, February 22, 2022 – Aya Gold & Silver Inc. (TSX: AYA) (“Aya” or the “Corporation”) is pleased to announce positive results from its Feasibility Study (“FS”) to expand the Zgounder Silver Mine located in the Kingdom of Morocco from 700 tonnes per day (“tpd”) to 2,700 tpd capacity. All amounts are in US dollars unless otherwise stated. All figures are on a 100% ownership basis. The mineralization at Zgounder is hosted within a low sulphidation-Ag epithermal deposit contained in complex lenses, clusters, and shear zones. The mineralization typically occurs in three styles: millimetre-thick beds of crystallized, finely disseminated pyrite associated with quartz; native Ag veinlets associated with proustite, argentite and filling micro-fractures in stockwork; and native Ag dissemination in brecciated sandstone-shale layers and spotted by chlorite and / or carbonate and quartz and other sulphides. The host lithology consists of Proterozoic volcano-sedimentary series. The mineralization is predominately hosted at the contact |
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