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Reading: Aya Gold & Silver expands 2023 exploration program in Morocco
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AfricaNews360 > Business > Aya Gold & Silver expands 2023 exploration program in Morocco
Business

Aya Gold & Silver expands 2023 exploration program in Morocco

Aya is a Canada-based precious metals mining company, which focuses on the exploration, development, production, and acquisition of precious metals mining projects.

Posted V August 21, 2023 3 Min Read
Updated 2023/08/21 at 7:32 AM
Aya Gold & Silver Inc. logo (CNW Group/Aya Gold & Silver Inc)
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Aya Gold & Silver announced the expansion of its 2023 exploration program at all its holdings in Morocco. The increase includes work done at the Boumadine polymetallic project, the Zgounder silver deposit, the Zgounder Regional properties, and the recently acquired Tirzzit copper-silver property.

Aya is a Canada-based precious metals mining company, which focuses on the exploration, development, production, and acquisition of precious metals mining projects.

At Boumadine, located between Tinejdad and Rissani in the Southeast of Morocco, an additional 40,000 meters of diamond drilling have been added in the 2023 program, with the aim to expand the strike length mineralization to the south, to test a new drilling zone in the northwest where massive sulphide is associated with a large, brecciated zone that currently extends 1.5 kilometers, as well complete infill drilling. Six drill rigs are currently active at this site, with the program now totaling 76,000 meters.

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An additional 7,300 meters of diamond drilling, located in the eastern foothills of the High Atlas Mountains, has been added to the Zgounder Regional project. Aya intends to explore the probable extension of the Zgounder deposit east of the granophyre, and to test the southern rhyolite contact with the volcanic sediments, and to test a new zone in the Tourchkal region.

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Finally, an additional 3,000 meters was added to the Zgounder silver deposit to follow up on 2023 drill results east of Zgounder and in the southern part of the open pit.

At the Tirzzit property, a copper mine located just 25 kilometers from the Zgounder property, Aya is expected to conduct an initial stream sediment and mapping campaign as well as a high-resolution hyperspectral survey. Aya acquired this mine in June of 2023 from an undisclosed company for approximately $5 million.

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“We are very encouraged with Boumadine exploration results over the past 12 months and are more than doubling our 2023 drill exploration program for this project to 76,000 meters. We continue to grow the strike, which now extends 3.8 kilometers remaining open in all directions. This holds tremendous potential and requires additional drilling to ensure that we add tonnage and maximize value for all stakeholders,” said President & CEO Benoit La Salle.

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TAGGED: Aya Gold & Silver, Gold exploration, Morocco
SOURCES: moroccoworld.com
V August 21, 2023
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