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Aya Gold & Silver Secures 6 New Permits and Provides Exploration Update at Boumadine
MONTREAL, March 19, 2024 (GLOBE NEWSWIRE) -- Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF) (“Aya” or the “Corporation”) is pleased to announce that it has com
About this update from Aya Gold & Silver Inc.
[{"type":"text","content":" MONTREAL, March 19, 2024 (GLOBE NEWSWIRE) -- Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF) (“Aya” or the “Corporation”) is pleased to announce that it has completed 50% of its airborne MobileMT geophysical survey and secured the right to 6 exploration permits at its Boumadine Project in the Kingdom of Morocco. Its Boumadine exploration portfolio now totals up to 141.4 square kilometers (“km2”). Highlights from Boumadine Acquired 6 exploration permits totaling 58 km² in the area of Boumadine (Figure 1) Completed 50% of a 6,515 linear km airborne MobileMT geophysical survey Drilled 11,130 meters (“m”) of DDH YTD as part of an aggressive 120,000m exploration program (Figure 2) Received preliminary regional hyperspectral data, with the structural and mineral interpretation well underway “We are excited to consolidate further and increase our footprint by 70%, as our largest annual drill program ever at Boumadine continues to exceed expectations and indicate significant potential,” said Benoit La Salle, President & CEO. “Our confidence continues to grow with additional drill results, and we expect our geophysics, hyperspectral and ground mapping to generate valuable data to define quality drill targets on the permits.” Boumadine Project With the addition of the 6 new exploration permits, Boumadine now covers 141.4 km2. In the past year, the Corporation has more than quadrupled its surface footprint from its original mining permit in what it believes to be one of the most prospective and underexplored areas of Morocco. The Corporation will continue to proactively add exploration permits as it develops a greater understanding of the regional geology, structure, and mineralization models. Figure 1 – Location of New Boumadine Permits Currently, 4 DDH rigs are turning at Boumadine, with 3 additional surface rigs expected in the coming weeks as part of the 120,000m drill exploration program (Figure 1). The Corporation will test targets generated by 2023 and 2022 exploration work including drilling, the hyperspectral survey, detail airborne geophysics (magnetics and electromagnetics), detail mapping and prospecting. The 2024 program will test strike extensions of the Boumadine Main Trend; N030 and N70 structures; extensions of the Tizi Zone; and other exploration targets based on the mapping and prospecting data (Figure 1). A sur...