Boumadine Main Zone Now Extends 3.8
Kilometers
MONTREAL, July 5, 2023
/CNW/ - Aya Gold &
Silver Inc. (TSX: AYA) (OTCQX: AYASF) ("Aya" or the
"Corporation") is pleased to announce new high-grade exploration
drill results at Boumadine, located in the Kingdom of Morocco. These results extend the main
mineralized trend by 400 metres and continue to demonstrate
continuity of the Boumadine Main Zone. Section 5600N delivered
strong results and remains open to the south while the new zone in
the northwest significantly opens the potential at surface and can
be followed over 1.5 kilometers.
Key
Highlights1
- Definition of new high-grade mineralization and extension
of the South Zone. The Main Zone, which now extends over 3.8
kilometres ("km"), is open at both ends along strike and at
depth.
-
- BOU-DD23-142 intersected 475 grams per tonne
("g/t") silver equivalent ("AgEq") over 11.8 meters ("m")
(0.97 g/t Au, 88 g/t Ag, 4.2% Zn, 1.6% Pb
and 0.01% Cu) including 4.2m at
625 g/t AgEq
- BOU-DD23-111 intersected 539 g/t AgEq
over 9.6m (1.76 g/t Au,
134 g/t Ag, 3.9% Zn, 0.5% Pb and 0.1% Cu),
including 3.1m at
1,367 g/t AgEq
- BOU-DD23-125 intersected 459 g/t AgEq
over 4.8m (0.71 g/t Au,
205 g/t Ag, 1.8% Zn, 2.5% Pb and
0.01% Cu), including 1.2m at
1,111 g/t AgEq
- BOU-DD23-117 intersected 481 g/t AgEq
over 3.3m (4.31 g/t Au,
28 g/t Ag, 0.4% Zn, 0.3% Pb and 0.2% Cu),
including 1.9m at
746 g/t AgEq
- BOU-DD22-121 intersected 456 g/t AgEq
over 3.6m (4.19 g/t Au,
34 g/t Ag, 0.1% Zn, 0.1% Pb and 0.2% Cu),
including 3.1m at
512 g/t AgEq
- Extension of the Main Zone by 400m to the south to 3.8 km of strike length,
which remains open in all directions.
- Discovery of a new mineralized zone in the Northwest through
the surface mapping program, with surface samples returning values
up to 460 g/t AgEq over a >1.5km structure of N030
orientation.
- First site visit conducted by RSC Consulting Limited,
which has been mandated to conduct a NI 43-101-compliant mineral
resource estimate of Boumadine.
"Today's high-grade drill results at Boumadine confirm the
continuity and extension of the mineralized footprint south of the
Main Zone. We have also discovered a new mineralized structure at
surface to the north, which increases the resource potential," said
Benoit La Salle, President &
CEO. "We have completed 85% of our drill exploration program and
extended the Boumadine strike length by over 40% to 3.8 kilometers
in the past 10 months. We have subsequently identified several
other high impact drill targets and mobilized 5 drill rigs to
deliver value for all stakeholders."
______________________________
|
1 All intersections are in core
lengths; Ag equivalent is based on a 100% recovery with the
following ratios: 1g/t Au: 93.4 g/t Ag; 1% Cu:
130.4 g/t Ag; 1% Pb: 31.8 g/t Ag; 1% Zn:
54.1 g/t Ag
|
|
Table 1 – Significant Intercepts from Boumadine Drill
Exploration Program (Core Lengths)
DDH
No.
|
Section
|
From
(m)
|
To
(m)
|
Au
(g/t)
|
Ag
(g/t)
|
Length*
(m)
|
Cu
(%)
|
Pb
(%)
|
Zn
(%)
|
Mo
(g/t)
|
Ag Eq**
(g/t)
|
BOU-DD23-107
|
6400N
|
333.4
|
347.8
|
1.17
|
26
|
14.4
|
0.1
|
0.9
|
0.6
|
14
|
211
|
Including
|
337.7
|
342.0
|
2.98
|
43
|
4.3
|
0.3
|
1.2
|
1.4
|
17
|
469
|
BOU-DD23-110
|
6750N
|
389.0
|
397.1
|
0.69
|
100
|
8.1
|
0.0
|
0.1
|
0.1
|
15
|
174
|
BOU-DD23-111
|
7000N
|
6.1
|
15.7
|
1.76
|
134
|
9.6
|
0.1
|
0.5
|
3.9
|
16
|
539
|
Including
|
11.6
|
14.7
|
3.88
|
360
|
3.1
|
0.2
|
1.1
|
10.7
|
24
|
1,367
|
BOU-DD23-113
|
7000N
|
88.2
|
92.6
|
1.41
|
35
|
4.4
|
0.1
|
1.3
|
1.9
|
27
|
321
|
Including
|
90.3
|
91.7
|
3.00
|
55
|
1.4
|
0.1
|
1.9
|
4.3
|
43
|
648
|
BOU-DD23-116
|
7000N
|
116.2
|
120.2
|
1.80
|
22
|
4.0
|
0.1
|
0.7
|
1.1
|
17
|
281
|
BOU-DD23-117
|
7000N
|
153.6
|
158.3
|
2.83
|
21
|
4.7
|
0.1
|
0.1
|
0.2
|
14
|
309
|
Including
|
153.6
|
156.4
|
3.93
|
28
|
2.8
|
0.1
|
0.1
|
0.2
|
15
|
428
|
BOU-DD23-117
|
7000N
|
195.3
|
198.6
|
4.31
|
28
|
3.3
|
0.2
|
0.3
|
0.4
|
18
|
481
|
Including
|
196.0
|
197.9
|
7.07
|
38
|
1.9
|
0.2
|
0.1
|
0.4
|
20
|
746
|
BOU-DD23-119
|
7125N
|
232.7
|
245.6
|
1.28
|
29
|
12.9
|
0.1
|
0.3
|
0.3
|
11
|
185
|
Including
|
242.6
|
245.6
|
3.31
|
38
|
3.0
|
0.2
|
0.2
|
0.2
|
9
|
390
|
BOU-DD23-121
|
7000N
|
223.3
|
226.9
|
4.19
|
34
|
3.6
|
0.2
|
0.1
|
0.1
|
7
|
456
|
Including
|
223.3
|
226.4
|
4.74
|
38
|
3.1
|
0.2
|
0.1
|
0.0
|
7
|
512
|
BOU-DD23-121
|
7000N
|
237.6
|
240.4
|
2.95
|
26
|
2.8
|
0.2
|
0.1
|
0.6
|
10
|
360
|
BOU-DD23-125
|
5600N
|
295.6
|
300.4
|
0.71
|
205
|
4.8
|
0.0
|
2.5
|
1.8
|
185
|
459
|
Including
|
295.6
|
296.8
|
1.56
|
533
|
1.2
|
0.0
|
7.4
|
3.3
|
257
|
1,111
|
BOU-DD23-136
|
5600N
|
445.3
|
447.0
|
0.77
|
90
|
1.7
|
0.0
|
1.2
|
6.2
|
1,171
|
607
|
BOU-DD23-136
|
5600N
|
475.5
|
478.2
|
1.17
|
294
|
2.7
|
0.0
|
0.1
|
0.1
|
145
|
424
|
BOU-DD23-136
|
5600N
|
494.9
|
496.4
|
0.84
|
137
|
1.5
|
0.0
|
2.6
|
6.4
|
13
|
650
|
BOU-DD23-142
|
5600N
|
577.1
|
581.5
|
0.80
|
66
|
4.4
|
0.0
|
1.0
|
0.8
|
106
|
227
|
BOU-DD23-142
|
5600N
|
599.2
|
611.0
|
0.97
|
88
|
11.8
|
0.0
|
1.6
|
4.2
|
296
|
475
|
Including
|
606.8
|
611.0
|
1.57
|
130
|
4.2
|
0.0
|
2.0
|
4.5
|
669
|
625
|
*
|
True width remains
undetermined at this stage; all values are uncut.
|
**
|
Ag equivalent is based
on a 100% recovery with the following ratio: 1 g/t Au:
93.4 g/t Ag; 1% Cu:130.4 Ag; 1% Pb:
31.8 Ag;
|
|
1% Zn: 54.1
Ag.
|
|
|
2023 Exploration Results
To date, 85 diamond drill holes ("DDH") for a total of
31,205m have been completed at
Boumadine (Figure 1 and Appendix 3). Both infill and exploration
drilling were conducted on strike along the main trend (South and
Central zones). The 36,000m budgeted
program is expected to be complete by the end of July 2023.
Drill results have been received for all drill holes up to
BOU-DD23-131 with the addition of holes BOU-DD23-136 and
BOU-DD23-142 (Table 1, Figure 2, and Appendix 1).
Results received in June extend the mineralization an additional
400m to the south with BOU-DD23-125,
BOU-DD23-136 and BOU-DD23-142 intersecting high-grade
mineralization in the form of massive sulphide veins.
The main mineralization generally consists of 1m to 4m wide
(locally reaching over a 10m width)
N340- oriented massive sulphide lenses/veins sharply dipping
eastward (> 70°). The massive sulphide veins (>80%) are
mainly composed of pyrite, with variable proportions of sphalerite,
galena, and chalcopyrite. Figure 2 presents the results of the
Boumadine Main Zone shown on a longitudinal section along the
deposit, defining ore shoots shallowly dipping toward south, in
both the Central and South Zones.
In addition, detail mapping was conducted on the entire project,
increasing our geological understanding of the mineralized events
and the main geological settings. In particular, two major sets of
faulting events can be recognized: a N030 faulting event that
cross-cut Boumadine Main Trend (N340) and may be responsible for
the Au-Zn enrichment of the mineralization; and a N070 fault event
cutting both N340 and N070 structures that seems to be responsible
for the Ag-Pb enrichment. In parallel, 127 surface grab samples
were taken (36 are still pending), which allowed us to identify a
new mineralized structure in the northwest of the property (see
Figure 4). The structure, which can be followed for over 1.5km,
returned assay values of 460 g/t AgEq (Appendix 2). This
discovery demonstrates the potential outside of the Boumadine Main
Trend.
Next Steps
The 36,000m drilling program is
85% complete and is expected to be completed by the end of
July 2023. Relogging and resampling
of historical drill holes is also expected to be completed in July.
The Corporation expects to use both data sets in estimating an NI
43-101 compliant resource by Q1-2024.
Technical Information
Aya has implemented a quality control program to comply with
best practices in sampling and analysis of drill core. Drill core
samples were transported in sealed bags for analysis at Afrilab
laboratory in Marrakech. Standards of different grades and blanks
were inserted every 20 samples in addition to the standards, blanks
and pulp duplicate inserted by Afrilab.
Qualified Person
The scientific and technical information contained in this press
release have been reviewed by David
Lalonde, B. Sc, Head of Exploration, Qualified Person, for
accuracy and compliance with National Instrument 43-101.
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 maximizes shareholder value by anchoring
sustainability at the heart of its production, resource,
governance, and financial growth plans.
For additional information, please visit Aya's website at
www.ayagoldsilver.com
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 such as " promising",
"extend", "identify", "confirm", "plan", "belief", "potential",
"confident", "could", "opportunity", "support", "suggest",
"expected", "probably", and similar 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 Zgounder
and the conversion of Inferred Mineral Resources into Measured and
Indicated Mineral Resources, future opportunities for enhancing
development at Zgounder, and timing for the release of the
Company's disclosure in connection with the foregoing. 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 closing and timing of financing, the
ability to obtain any requisite governmental approvals, the
accuracy of Mineral Reserve and Mineral Resource Estimates
(including, but not limited to, ore tonnage and ore grade
estimates), silver price, 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 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 2022 Annual Information Form dated March 31, 2023, and in other filings of Aya with
securities and regulatory authorities which are available on SEDAR
at www.sedar.com. Furthermore, Aya's corporate update of
May 28, 2020 regarding the
materiality of its assets as well as to studies regarding
non-material assets remains applicable as at the date hereof. 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.
Appendix 1 – Full Drill Results from Boumadine (core
lengths)
DDH
No.
|
Section
|
From
(m)
|
To
(m)
|
Au
(g/t)
|
Ag
(g/t)
|
Length*
(m)
|
Cu
(%)
|
Pb
(%)
|
Zn
(%)
|
Mo
(g/t)
|
Ag Eq**
(g/t)
|
BOU-DD23-102
|
6200N
|
55.2
|
56.3
|
0.55
|
2
|
1.1
|
0.0
|
0.0
|
0.0
|
7
|
56
|
BOU-DD23-102
|
6200N
|
58.5
|
62.9
|
0.93
|
1
|
4.4
|
0.0
|
0.0
|
0.0
|
12
|
91
|
BOU-DD23-102
|
6200N
|
88.9
|
90.0
|
0.77
|
1
|
1.1
|
0.0
|
0.1
|
0.0
|
6
|
76
|
BOU-DD23-102
|
6200N
|
162.6
|
166.2
|
0.98
|
1
|
3.6
|
0.0
|
0.0
|
0.0
|
12
|
96
|
BOU-DD23-102
|
6200N
|
167.2
|
168.3
|
0.49
|
4
|
1.1
|
0.0
|
0.1
|
0.0
|
29
|
56
|
BOU-DD23-102
|
6200N
|
302.0
|
303.0
|
0.52
|
4
|
1.0
|
0.0
|
0.0
|
0.0
|
6
|
55
|
BOU-DD23-102
|
6200N
|
304.0
|
305.0
|
0.69
|
4
|
1.0
|
0.0
|
0.0
|
0.0
|
6
|
71
|
BOU-DD23-102
|
6200N
|
354.4
|
355.6
|
0.49
|
1
|
1.2
|
0.0
|
0.0
|
0.0
|
13
|
50
|
BOU-DD23-102
|
6200N
|
395.4
|
396.4
|
0.88
|
1
|
1.0
|
0.0
|
0.0
|
0.0
|
5
|
86
|
BOU-DD23-104
|
6750N
|
25.5
|
26.5
|
0.13
|
39
|
1.0
|
0.0
|
0.2
|
0.1
|
23
|
64
|
BOU-DD23-104
|
6750N
|
32.6
|
33.5
|
0.13
|
41
|
0.9
|
0.0
|
0.1
|
0.0
|
14
|
61
|
BOU-DD23-104
|
6750N
|
36.5
|
37.2
|
0.41
|
36
|
0.7
|
0.0
|
0.0
|
0.0
|
16
|
78
|
BOU-DD23-104
|
6750N
|
57.4
|
58.7
|
0.23
|
23
|
1.3
|
0.0
|
0.4
|
0.2
|
14
|
69
|
BOU-DD23-104
|
6750N
|
80.3
|
81.2
|
0.39
|
92
|
0.9
|
0.1
|
2.1
|
4.6
|
6
|
454
|
BOU-DD23-104
|
6750N
|
82.1
|
82.7
|
0.24
|
48
|
0.6
|
0.0
|
0.5
|
1.2
|
17
|
152
|
BOU-DD23-104
|
6750N
|
100.1
|
101.3
|
1.09
|
59
|
1.2
|
0.0
|
0.6
|
0.9
|
15
|
228
|
BOU-DD23-104
|
6750N
|
109.8
|
110.5
|
0.71
|
39
|
0.7
|
0.0
|
0.7
|
2.3
|
10
|
252
|
BOU-DD23-104
|
6750N
|
123.8
|
124.9
|
0.55
|
4
|
1.1
|
0.0
|
0.0
|
0.0
|
7
|
60
|
BOU-DD23-105
|
6400N
|
262.9
|
263.8
|
0.03
|
56
|
0.9
|
0.5
|
0.0
|
0.0
|
9
|
124
|
BOU-DD23-105
|
6400N
|
280.4
|
281.5
|
2.40
|
15
|
1.1
|
0.0
|
0.1
|
0.2
|
17
|
255
|
BOU-DD23-105
|
6400N
|
287.5
|
289.5
|
0.40
|
10
|
2.0
|
0.0
|
0.0
|
0.0
|
7
|
53
|
BOU-DD23-105
|
6400N
|
356.0
|
356.5
|
0.44
|
41
|
0.5
|
0.0
|
0.6
|
0.1
|
11
|
108
|
BOU-DD23-105
|
6400N
|
362.9
|
364.6
|
1.54
|
26
|
1.7
|
0.2
|
0.1
|
0.0
|
27
|
201
|
BOU-DD23-106
|
5600N
|
0.0
|
405.0
|
0.00
|
0
|
405.0
|
0.0
|
0.0
|
0.0
|
0
|
NSR
|
BOU-DD23-107
|
6400N
|
333.4
|
347.8
|
1.17
|
26
|
14.4
|
0.1
|
0.9
|
0.6
|
14
|
211
|
Including
|
337.7
|
342.0
|
2.98
|
43
|
4.3
|
0.3
|
1.2
|
1.4
|
17
|
469
|
BOU-DD23-107
|
6400N
|
353.9
|
356.9
|
0.46
|
11
|
3.0
|
0.0
|
0.1
|
0.4
|
10
|
84
|
BOU-DD23-107
|
6400N
|
367.8
|
368.8
|
0.44
|
8
|
1.0
|
0.0
|
0.0
|
0.0
|
7
|
51
|
BOU-DD23-107
|
6400N
|
395.4
|
396.0
|
4.26
|
24
|
0.6
|
0.0
|
0.0
|
0.4
|
14
|
442
|
BOU-DD23-107
|
6400N
|
517.2
|
517.8
|
0.87
|
24
|
0.6
|
0.3
|
0.2
|
0.2
|
44
|
169
|
BOU-DD23-107
|
6400N
|
560.5
|
561.0
|
1.57
|
5
|
0.5
|
0.0
|
0.0
|
0.1
|
19
|
158
|
BOU-DD23-108
|
6750N
|
141.6
|
142.6
|
0.58
|
4
|
1.0
|
0.0
|
0.0
|
0.0
|
32
|
63
|
BOU-DD23-108
|
6750N
|
221.8
|
223.5
|
1.44
|
5
|
1.7
|
0.0
|
0.0
|
0.0
|
6
|
144
|
BOU-DD23-108
|
6750N
|
266.0
|
267.0
|
0.03
|
56
|
1.0
|
0.0
|
0.1
|
0.1
|
4
|
67
|
BOU-DD23-108
|
6750N
|
279.5
|
281.6
|
0.65
|
29
|
2.1
|
0.0
|
0.1
|
0.2
|
8
|
105
|
BOU-DD23-109
|
5600N
|
241.5
|
243.9
|
0.67
|
1
|
2.4
|
0.0
|
0.0
|
0.1
|
7
|
70
|
BOU-DD23-110
|
6750N
|
248.7
|
249.9
|
0.46
|
16
|
1.2
|
0.0
|
0.2
|
0.2
|
17
|
86
|
BOU-DD23-110
|
6750N
|
387.8
|
388.3
|
0.32
|
28
|
0.5
|
0.0
|
0.1
|
0.1
|
12
|
66
|
BOU-DD23-110
|
6750N
|
389.0
|
397.1
|
0.69
|
100
|
8.1
|
0.0
|
0.1
|
0.1
|
15
|
174
|
Including
|
389.0
|
391.6
|
0.64
|
247
|
2.6
|
0.0
|
0.1
|
0.1
|
17
|
320
|
BOU-DD23-111
|
7000N
|
6.1
|
15.7
|
1.76
|
134
|
9.6
|
0.1
|
0.5
|
3.9
|
16
|
539
|
Including
|
11.6
|
14.7
|
3.88
|
360
|
3.1
|
0.2
|
1.1
|
10.7
|
24
|
1367
|
BOU-DD23-112
|
7000N
|
16.0
|
17.0
|
0.40
|
47
|
1.0
|
0.0
|
0.5
|
0.5
|
3
|
126
|
BOU-DD23-112
|
7000N
|
24.4
|
24.9
|
0.68
|
24
|
0.5
|
0.0
|
0.3
|
0.7
|
26
|
140
|
BOU-DD23-112
|
7000N
|
41.0
|
42.0
|
0.34
|
17
|
1.0
|
0.1
|
0.8
|
1.5
|
9
|
165
|
BOU-DD23-112
|
7000N
|
51.9
|
55.0
|
0.37
|
25
|
3.1
|
0.0
|
0.5
|
1.4
|
8
|
153
|
BOU-DD23-113
|
7000N
|
88.2
|
92.6
|
1.41
|
35
|
4.4
|
0.1
|
1.3
|
1.9
|
27
|
321
|
Including
|
90.3
|
91.7
|
3.00
|
55
|
1.4
|
0.1
|
1.9
|
4.3
|
43
|
648
|
BOU-DD23-113
|
7000N
|
97.9
|
98.5
|
0.62
|
56
|
0.6
|
0.0
|
0.4
|
0.2
|
45
|
143
|
BOU-DD23-113
|
7000N
|
116.3
|
117.0
|
0.23
|
23
|
0.7
|
0.0
|
0.3
|
0.6
|
14
|
86
|
BOU-DD23-113
|
7000N
|
127.6
|
128.3
|
0.46
|
24
|
0.7
|
0.0
|
0.6
|
0.6
|
14
|
119
|
BOU-DD23-113
|
7000N
|
186.7
|
187.2
|
0.26
|
47
|
0.5
|
0.0
|
0.1
|
0.1
|
16
|
84
|
BOU-DD23-114
|
7125
|
56.5
|
57.3
|
0.07
|
39
|
0.8
|
0.0
|
0.0
|
0.0
|
12
|
49
|
BOU-DD23-114
|
7125
|
77.8
|
78.3
|
3.78
|
12
|
0.5
|
0.1
|
0.2
|
0.1
|
11
|
384
|
BOU-DD23-114
|
7125
|
84.7
|
85.4
|
1.84
|
16
|
0.7
|
0.1
|
0.1
|
0.2
|
12
|
212
|
BOU-DD23-114
|
7125
|
160.4
|
161.4
|
0.82
|
4
|
1.0
|
0.0
|
0.1
|
0.0
|
17
|
92
|
BOU-DD23-114
|
7125
|
164.3
|
165.4
|
2.16
|
12
|
1.1
|
0.1
|
0.1
|
0.1
|
9
|
233
|
BOU-DD23-114
|
7125
|
198.0
|
198.7
|
0.76
|
8
|
0.7
|
0.0
|
0.1
|
0.2
|
18
|
97
|
BOU-DD23-114
|
7125
|
200.0
|
202.3
|
2.02
|
72
|
2.3
|
0.2
|
1.1
|
0.4
|
7
|
342
|
BOU-DD23-114
|
7125
|
220.0
|
222.0
|
0.03
|
212
|
2.0
|
0.0
|
0.1
|
0.1
|
11
|
221
|
BOU-DD23-114
|
7125
|
291.1
|
292.9
|
0.45
|
16
|
1.8
|
0.0
|
1.0
|
1.7
|
17
|
185
|
BOU-DD23-115
|
5600N
|
0.0
|
402.8
|
0.00
|
0
|
402.8
|
0.0
|
0.0
|
0.0
|
0
|
NSR
|
BOU-DD23-116
|
7000N
|
116.2
|
120.2
|
1.80
|
22
|
4.0
|
0.1
|
0.7
|
1.1
|
17
|
281
|
Including
|
116.8
|
118.5
|
3.34
|
34
|
1.7
|
0.1
|
1.1
|
1.8
|
19
|
495
|
BOU-DD23-116
|
7000N
|
180.3
|
181.0
|
1.18
|
12
|
0.7
|
0.0
|
0.1
|
0.1
|
3
|
134
|
BOU-DD23-116
|
7000N
|
184.3
|
184.8
|
0.39
|
16
|
0.5
|
0.0
|
0.3
|
1.4
|
7
|
140
|
BOU-DD23-116
|
7000N
|
188.4
|
189.1
|
0.40
|
16
|
0.7
|
0.0
|
0.2
|
0.5
|
5
|
88
|
BOU-DD23-116
|
7000N
|
216.8
|
219.4
|
0.57
|
24
|
2.6
|
0.0
|
0.5
|
1.7
|
8
|
190
|
BOU-DD23-116
|
7000N
|
229.3
|
230.3
|
0.49
|
4
|
1.0
|
0.0
|
0.1
|
0.1
|
8
|
60
|
BOU-DD23-117
|
7000N
|
67.3
|
68.8
|
0.60
|
6
|
1.5
|
0.0
|
0.0
|
0.0
|
9
|
67
|
BOU-DD23-117
|
7000N
|
136.4
|
137.7
|
1.41
|
18
|
1.3
|
0.1
|
0.1
|
0.1
|
11
|
170
|
BOU-DD23-117
|
7000N
|
153.6
|
158.3
|
2.83
|
21
|
4.7
|
0.1
|
0.1
|
0.2
|
14
|
309
|
Including
|
153.6
|
156.4
|
3.93
|
28
|
2.8
|
0.1
|
0.1
|
0.2
|
15
|
428
|
BOU-DD23-117
|
7000N
|
187.6
|
188.7
|
0.25
|
39
|
1.1
|
0.1
|
0.6
|
0.6
|
13
|
122
|
BOU-DD23-117
|
7000N
|
195.3
|
198.6
|
4.31
|
28
|
3.3
|
0.2
|
0.3
|
0.4
|
18
|
481
|
Including
|
196.0
|
197.9
|
7.07
|
38
|
1.9
|
0.2
|
0.1
|
0.4
|
20
|
746
|
BOU-DD23-117
|
7000N
|
265.6
|
267.9
|
1.04
|
17
|
2.3
|
0.0
|
0.1
|
0.5
|
11
|
149
|
BOU-DD23-119
|
7125N
|
44.2
|
46.6
|
0.91
|
23
|
2.4
|
0.1
|
0.1
|
0.1
|
12
|
135
|
BOU-DD23-119
|
7125N
|
184.0
|
193.5
|
0.32
|
33
|
9.5
|
0.1
|
0.4
|
0.2
|
9
|
94
|
BOU-DD23-119
|
7125N
|
225.8
|
228.6
|
1.32
|
17
|
2.8
|
0.1
|
0.1
|
0.0
|
8
|
158
|
BOU-DD23-119
|
7125N
|
232.7
|
245.6
|
1.28
|
29
|
12.9
|
0.1
|
0.3
|
0.3
|
11
|
185
|
Including
|
242.6
|
245.6
|
3.31
|
38
|
3.0
|
0.2
|
0.2
|
0.2
|
9
|
390
|
BOU-DD23-119
|
7125N
|
308.7
|
309.2
|
0.36
|
29
|
0.5
|
0.1
|
1.8
|
5.1
|
7
|
415
|
BOU-DD23-119
|
7125N
|
314.2
|
315.2
|
0.05
|
80
|
1.0
|
0.0
|
1.4
|
1.2
|
11
|
198
|
BOU-DD23-120
|
5600N
|
0.0
|
411.7
|
0.00
|
0
|
411.7
|
0.0
|
0.0
|
0.0
|
0
|
NSR
|
BOU-DD23-121
|
7000N
|
47.5
|
48.0
|
1.98
|
35
|
0.5
|
0.0
|
1.1
|
2.9
|
4
|
410
|
BOU-DD23-121
|
7000N
|
52.5
|
53.1
|
0.57
|
20
|
0.6
|
0.0
|
0.4
|
1.0
|
7
|
140
|
BOU-DD23-121
|
7000N
|
192.0
|
193.0
|
1.44
|
13
|
1.0
|
0.1
|
0.7
|
0.6
|
12
|
214
|
BOU-DD23-121
|
7000N
|
196.0
|
197.0
|
0.87
|
20
|
1.0
|
0.0
|
0.4
|
0.5
|
6
|
140
|
BOU-DD23-121
|
7000N
|
213.0
|
214.0
|
5.06
|
16
|
1.0
|
0.0
|
0.0
|
0.0
|
5
|
492
|
BOU-DD23-121
|
7000N
|
218.6
|
219.7
|
0.52
|
1
|
1.1
|
0.0
|
0.0
|
0.0
|
5
|
53
|
BOU-DD23-121
|
7000N
|
223.3
|
226.9
|
4.19
|
34
|
3.6
|
0.2
|
0.1
|
0.1
|
7
|
456
|
Including
|
223.3
|
226.4
|
4.74
|
38
|
3.1
|
0.2
|
0.1
|
0.0
|
7
|
512
|
BOU-DD23-121
|
7000N
|
237.6
|
240.4
|
2.95
|
26
|
2.8
|
0.2
|
0.1
|
0.6
|
10
|
360
|
Including
|
238.3
|
239.4
|
6.34
|
55
|
1.1
|
0.4
|
0.2
|
0.7
|
16
|
736
|
BOU-DD23-121
|
7000N
|
293.4
|
294.5
|
0.41
|
19
|
1.1
|
0.0
|
0.5
|
1.7
|
7
|
167
|
BOU-DD23-121
|
7000N
|
301.5
|
302.5
|
0.53
|
16
|
1.0
|
0.0
|
0.3
|
0.9
|
6
|
128
|
BOU-DD23-122
|
7950N
|
0.0
|
209.1
|
0.00
|
0
|
209.1
|
0.0
|
0.0
|
0.0
|
0
|
NSR
|
BOU-DD23-124
|
7950N
|
26.6
|
29.4
|
0.62
|
144
|
2.8
|
0.0
|
1.2
|
1.2
|
100
|
320
|
BOU-DD23-124
|
7950N
|
35.6
|
36.6
|
0.34
|
16
|
1.0
|
0.0
|
0.4
|
2.4
|
11
|
194
|
BOU-DD23-125
|
5600N
|
258.5
|
259.6
|
0.34
|
16
|
1.1
|
0.0
|
0.0
|
0.0
|
10
|
51
|
BOU-DD23-125
|
5600N
|
272.2
|
272.9
|
1.31
|
16
|
0.7
|
0.0
|
0.1
|
0.0
|
9
|
144
|
BOU-DD23-125
|
5600N
|
289.2
|
289.7
|
0.19
|
145
|
0.5
|
0.1
|
6.2
|
11.1
|
13
|
966
|
BOU-DD23-125
|
5600N
|
291.8
|
292.7
|
0.15
|
20
|
0.9
|
0.0
|
0.3
|
0.1
|
123
|
54
|
BOU-DD23-125
|
5600N
|
293.7
|
294.7
|
0.08
|
45
|
1.0
|
0.0
|
0.1
|
0.2
|
24
|
66
|
BOU-DD23-125
|
5600N
|
295.6
|
300.4
|
0.71
|
205
|
4.8
|
0.0
|
2.5
|
1.8
|
185
|
459
|
Including
|
295.6
|
296.8
|
1.56
|
533
|
1.2
|
0.0
|
7.4
|
3.3
|
257
|
1111
|
BOU-DD23-125
|
5600N
|
311.0
|
311.8
|
0.50
|
132
|
0.8
|
0.0
|
0.1
|
0.7
|
6
|
224
|
BOU-DD23-125
|
5600N
|
323.6
|
324.1
|
0.47
|
68
|
0.5
|
0.0
|
2.2
|
3.2
|
3
|
358
|
BOU-DD23-125
|
5600N
|
342.5
|
343.3
|
0.32
|
16
|
0.8
|
0.0
|
0.1
|
0.1
|
4
|
54
|
BOU-DD23-125
|
5600N
|
385.5
|
386.7
|
0.35
|
12
|
1.2
|
0.0
|
0.1
|
0.0
|
6
|
48
|
BOU-DD23-126
|
7000N
|
131.8
|
132.6
|
0.36
|
12
|
0.8
|
0.0
|
0.1
|
0.0
|
11
|
50
|
BOU-DD23-126
|
7000N
|
172.4
|
173.2
|
0.52
|
44
|
0.8
|
0.1
|
0.3
|
0.0
|
8
|
110
|
BOU-DD23-126
|
7000N
|
244.8
|
245.7
|
0.34
|
17
|
0.9
|
0.1
|
1.1
|
2.8
|
4
|
243
|
BOU-DD23-126
|
7000N
|
365.3
|
366.3
|
2.28
|
64
|
1.0
|
0.2
|
0.1
|
0.0
|
4
|
310
|
BOU-DD23-126
|
7000N
|
379.6
|
380.6
|
0.39
|
8
|
1.0
|
0.0
|
0.2
|
0.4
|
2
|
72
|
BOU-DD23-126
|
7000N
|
445.6
|
446.6
|
0.74
|
8
|
1.0
|
0.0
|
0.1
|
0.1
|
4
|
84
|
BOU-DD23-127
|
7325N
|
74.2
|
77.0
|
1.31
|
103
|
2.8
|
0.1
|
0.6
|
0.9
|
62
|
313
|
BOU-DD23-128
|
7925N
|
157.4
|
158.7
|
0.39
|
16
|
1.3
|
0.0
|
0.7
|
1.2
|
39
|
144
|
BOU-DD23-128
|
7925N
|
168.9
|
172.8
|
0.49
|
15
|
3.9
|
0.0
|
0.5
|
1.2
|
26
|
145
|
BOU-DD23-129
|
7200N
|
104.0
|
104.6
|
0.38
|
24
|
0.6
|
0.0
|
1.3
|
1.2
|
4
|
170
|
BOU-DD23-129
|
7200N
|
104.0
|
105.8
|
0.27
|
22
|
1.8
|
0.0
|
1.7
|
2.7
|
4
|
251
|
BOU-DD23-129
|
7200N
|
114.8
|
115.3
|
1.01
|
51
|
0.5
|
0.2
|
2.8
|
3.7
|
7
|
452
|
BOU-DD23-129
|
7200N
|
116.4
|
117.6
|
0.03
|
44
|
1.2
|
0.0
|
2.0
|
2.1
|
21
|
223
|
BOU-DD23-130
|
7200N
|
27.8
|
28.4
|
0.44
|
35
|
0.6
|
0.0
|
1.0
|
1.1
|
8
|
170
|
BOU-DD23-130
|
7200N
|
128.7
|
129.8
|
1.68
|
31
|
1.1
|
0.2
|
0.3
|
0.9
|
9
|
270
|
BOU-DD23-130
|
7200N
|
135.1
|
135.9
|
1.10
|
19
|
0.8
|
0.1
|
0.3
|
0.3
|
13
|
157
|
BOU-DD23-131
|
7925N
|
47.2
|
47.7
|
0.67
|
1
|
0.5
|
0.0
|
0.2
|
0.1
|
7
|
80
|
BOU-DD23-131
|
7925N
|
234.8
|
235.3
|
0.46
|
4
|
0.5
|
0.0
|
0.2
|
0.4
|
6
|
77
|
BOU-DD23-131
|
7925N
|
236.7
|
237.9
|
0.50
|
12
|
1.2
|
0.0
|
0.5
|
1.0
|
6
|
132
|
BOU-DD23-131
|
7925N
|
238.5
|
239.6
|
2.12
|
24
|
1.1
|
0.0
|
0.7
|
1.1
|
6
|
305
|
BOU-DD23-136
|
5600N
|
377.9
|
379.0
|
1.22
|
13
|
1.1
|
0.0
|
0.0
|
0.0
|
12
|
129
|
BOU-DD23-136
|
5600N
|
388.0
|
389.6
|
0.59
|
38
|
1.6
|
0.1
|
0.2
|
0.8
|
706
|
192
|
BOU-DD23-136
|
5600N
|
403.6
|
404.4
|
0.49
|
21
|
0.8
|
0.0
|
0.1
|
0.0
|
306
|
88
|
BOU-DD23-136
|
5600N
|
411.0
|
414.0
|
0.59
|
54
|
3.0
|
0.0
|
0.4
|
1.5
|
1023
|
264
|
BOU-DD23-136
|
5600N
|
445.3
|
447.0
|
0.77
|
90
|
1.7
|
0.0
|
1.2
|
6.2
|
1171
|
607
|
BOU-DD23-136
|
5600N
|
475.5
|
478.2
|
1.17
|
294
|
2.7
|
0.0
|
0.1
|
0.1
|
145
|
424
|
BOU-DD23-136
|
5600N
|
494.9
|
496.4
|
0.84
|
137
|
1.5
|
0.0
|
2.6
|
6.4
|
13
|
650
|
BOU-DD23-136
|
5600N
|
507.4
|
508.4
|
0.84
|
176
|
1.0
|
0.0
|
1.5
|
4.7
|
4357
|
820
|
BOU-DD23-136
|
5600N
|
511.7
|
512.2
|
0.40
|
55
|
0.5
|
0.0
|
1.0
|
1.2
|
9
|
190
|
BOU-DD23-142
|
5600N
|
451.8
|
452.6
|
0.59
|
15
|
0.8
|
0.0
|
0.0
|
0.0
|
21
|
75
|
BOU-DD23-142
|
5600N
|
459.3
|
459.8
|
1.06
|
12
|
0.5
|
0.0
|
0.2
|
0.0
|
27
|
121
|
BOU-DD23-142
|
5600N
|
472.0
|
473.0
|
0.42
|
9
|
1.0
|
0.0
|
0.0
|
0.0
|
73
|
55
|
BOU-DD23-142
|
5600N
|
504.0
|
505.0
|
1.18
|
59
|
1.0
|
0.1
|
0.6
|
1.2
|
179
|
269
|
BOU-DD23-142
|
5600N
|
547.4
|
552.6
|
0.49
|
37
|
5.2
|
0.0
|
0.1
|
0.3
|
246
|
116
|
BOU-DD23-142
|
5600N
|
556.4
|
558.0
|
0.49
|
31
|
1.6
|
0.0
|
0.4
|
0.6
|
386
|
146
|
BOU-DD23-142
|
5600N
|
562.0
|
562.5
|
1.18
|
81
|
0.5
|
0.0
|
1.7
|
3.6
|
137
|
451
|
BOU-DD23-142
|
5600N
|
568.4
|
569.4
|
0.51
|
8
|
1.0
|
0.0
|
0.0
|
0.0
|
11
|
60
|
BOU-DD23-142
|
5600N
|
577.1
|
581.5
|
0.80
|
66
|
4.4
|
0.0
|
1.0
|
0.8
|
106
|
227
|
BOU-DD23-142
|
5600N
|
592.0
|
593.0
|
0.31
|
20
|
1.0
|
0.0
|
0.1
|
0.4
|
14
|
77
|
BOU-DD23-142
|
5600N
|
599.2
|
611.0
|
0.97
|
88
|
11.8
|
0.0
|
1.6
|
4.2
|
296
|
475
|
Including
|
606.8
|
611.0
|
1.57
|
130
|
4.2
|
0.0
|
2.0
|
4.5
|
669
|
625
|
BOU-DD23-142
|
5600N
|
622.3
|
623.3
|
0.71
|
79
|
1.0
|
0.0
|
0.4
|
0.9
|
26
|
209
|
BOU-DD23-142
|
5600N
|
721.7
|
722.5
|
0.68
|
76
|
0.8
|
0.0
|
0.1
|
0.3
|
31
|
163
|
BOU-DD23-142
|
5600N
|
728.6
|
729.1
|
1.96
|
68
|
0.5
|
0.0
|
0.3
|
0.3
|
34
|
281
|
BOU-DD23-142
|
5600N
|
732.3
|
736.0
|
1.17
|
24
|
3.7
|
0.0
|
0.2
|
0.2
|
150
|
159
|
*
|
True width remains
undetermined at this stage; all values are uncut.
|
**
|
Ag equivalent is based
on a 100% recovery with the following ratio; 1 g/t
Au: 93.4 g/t Ag; 1% Cu: 130.4 Ag; 1% Pb:
31.8 Ag;
|
|
1% Zn: 54.1
Ag.
|
Appendix 2 – Significant Results from 2023 Boumadine
Exploration Program (Surface Sampling)
Outcrop
ID
|
Au
(g/t)
|
Ag
(g/t)
|
Cu
(%)
|
Pb
(%)
|
Zn
(%)
|
Ag Eq*
(g/t)
|
P10475
|
0.45
|
36
|
0.0
|
0.1
|
0.0
|
83
|
P10644
|
0.05
|
71
|
0.2
|
5.5
|
0.3
|
297
|
P10677
|
0.05
|
110
|
0.1
|
27.4
|
0.1
|
997
|
P10721
|
0.05
|
186
|
2.4
|
8.1
|
1.8
|
857
|
P10807
|
0.05
|
83
|
0.0
|
9.6
|
0.4
|
414
|
P11093
|
1.99
|
28
|
0.0
|
2.0
|
0.1
|
281
|
P11115
|
0.05
|
63
|
0.0
|
7.0
|
0.1
|
296
|
P11204
|
0.35
|
28
|
0.0
|
0.4
|
0.0
|
74
|
P11359
|
1.96
|
122
|
0.0
|
0.8
|
0.1
|
337
|
P11397
|
0.05
|
75
|
2.2
|
1.8
|
5.6
|
731
|
P11477
|
1.92
|
90
|
0.0
|
0.4
|
0.1
|
285
|
P11478
|
0.46
|
35
|
0.0
|
0.8
|
0.1
|
109
|
P11519
|
0.05
|
75
|
0.0
|
4.4
|
0.8
|
265
|
P11754
|
0.53
|
12
|
2.3
|
0.0
|
0.3
|
377
|
P11816
|
3.41
|
40
|
0.8
|
0.2
|
0.1
|
465
|
P11858
|
3.37
|
23
|
0.3
|
0.0
|
0.0
|
378
|
P11864
|
2.78
|
44
|
0.5
|
0.1
|
0.0
|
377
|
P11934
|
0.84
|
8
|
0.7
|
0.1
|
0.0
|
176
|
P11974
|
0.99
|
28
|
0.5
|
0.7
|
0.3
|
222
|
P12086
|
0.05
|
74
|
0.1
|
11.8
|
0.0
|
462
|
P12087
|
0.05
|
55
|
0.8
|
3.7
|
0.0
|
285
|
P5717
|
0.05
|
67
|
2.5
|
0.0
|
0.0
|
392
|
P6575
|
0.05
|
79
|
1.5
|
9.1
|
0.6
|
601
|
P6625
|
0.05
|
69
|
1.9
|
5.7
|
0.0
|
499
|
P6660
|
0.05
|
44
|
1.3
|
0.5
|
0.0
|
236
|
P6666
|
0.05
|
118
|
0.0
|
14.0
|
0.0
|
571
|
P6747
|
0.05
|
71
|
5.5
|
2.1
|
3.1
|
1,029
|
P7607
|
1.30
|
1
|
0.0
|
0.0
|
0.0
|
125
|
P8922
|
0.07
|
112
|
9.4
|
0.0
|
0.0
|
1,345
|
* Ag
equivalent is based on a 100% recovery with the following ratio;
1 g/t Au: 93.4 g/t Ag; 1% Cu: 130.4
Ag; 1% Pb: 31.8 Ag;
|
1% Zn: 54.1
Ag
|
Appendix 3 – New Drillhole Coordinates of 2023 Boumadine
Exploration Program (completed holes)
DDH
No.
|
Easting
|
Northing
|
Elevation
|
Azimuth
|
Dip
|
Length
(m)
|
BOU-DD23-131
|
317378
|
3476334
|
1206
|
250
|
-50
|
328.0
|
BOU-DD23-132
|
317150
|
3475489
|
1244
|
250
|
-50
|
611.6
|
BOU-DD23-133
|
316963
|
3475424
|
1260
|
250
|
-50
|
429.4
|
BOU-DD23-134
|
317220
|
3475516
|
1238
|
250
|
-50
|
407.7
|
BOU-DD23-135
|
317416
|
3476346
|
1206
|
250
|
-50
|
408.4
|
BOU-DD23-136
|
317352
|
3473833
|
1267
|
70
|
-50
|
609.4
|
BOU-DD23-137
|
317181
|
3475500
|
1242
|
250
|
-50
|
287.3
|
BOU-DD23-138
|
316889
|
3477032
|
1217
|
250
|
-50
|
150.1
|
BOU-DD23-139
|
317539
|
3476392
|
1206
|
250
|
-50
|
610.3
|
BOU-DD23-140
|
316941
|
3477048
|
1228
|
250
|
-50
|
250.8
|
BOU-DD23-141
|
316993
|
3475785
|
1239
|
70
|
-50
|
303.0
|
BOU-DD23-142
|
317266
|
3473808
|
1274
|
70
|
-50
|
815.4
|
BOU-DD23-143
|
317070
|
3477102
|
1246
|
250
|
-50
|
502.2
|
BOU-DD23-144
|
316915
|
3475760
|
1240
|
70
|
-50
|
459.0
|
BOU-DD23-145
|
316838
|
3475731
|
1233
|
70
|
-50
|
605.3
|
BOU-DD23-146
|
317104
|
3477114
|
1234
|
250
|
-50
|
502.4
|
BOU-DD23-147
|
316984
|
3475993
|
1226
|
250
|
-50
|
307.6
|
BOU-DD23-148
|
317375
|
3476539
|
1211
|
250
|
-50
|
302.6
|
BOU-DD23-149
|
316754
|
3475701
|
1233
|
70
|
-50
|
690.5
|
BOU-DD23-150
|
317065
|
3476024
|
1230
|
250
|
-50
|
412.1
|
BOU-DD23-151
|
317420
|
3476554
|
1211
|
250
|
-50
|
399.4
|
BOU-DD23-152
|
317142
|
3477128
|
1226
|
250
|
-50
|
546.0
|
BOU-DD23-153
|
317134
|
3476050
|
1220
|
250
|
-50
|
488.7
|
BOU-DD23-154
|
317123
|
3476662
|
1205
|
250
|
-50
|
150.0
|
BOU-DD23-155
|
317159
|
3476675
|
1205
|
250
|
-50
|
132.1
|
BOU-DD23-156
|
316927
|
3476944
|
1216
|
250
|
-50
|
151.3
|
BOU-DD23-157
|
317464
|
3476569
|
1210
|
250
|
-50
|
509.4
|
BOU-DD23-158
|
317232
|
3476702
|
1200
|
250
|
-50
|
201.0
|
BOU-DD23-159
|
317331
|
3476121
|
1220
|
250
|
-50
|
593.9
|
BOU-DD23-160
|
316969
|
3476960
|
1227
|
250
|
-50
|
202.0
|
BOU-DD23-161
|
317274
|
3476717
|
1200
|
250
|
-50
|
300.0
|
BOU-DD23-162
|
317028
|
3476981
|
1243
|
250
|
-50
|
300.0
|
BOU-DD23-163
|
317212
|
3476078
|
1220
|
250
|
-50
|
301.8
|
BOU-DD23-164
|
317317
|
3476733
|
1201
|
250
|
-50
|
372.0
|
BOU-DD23-166
|
316713
|
3477069
|
1235
|
250
|
-50
|
269.0
|
BOU-DD23-168
|
317195
|
3476689
|
1202
|
250
|
-50
|
202.3
|
BOU-DD23-169
|
317315
|
3476411
|
1214
|
250
|
-50
|
250.9
|
SOURCE Aya Gold & Silver
Inc