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Aya Gold & Silver Inc. Morocco Silver Mine Project Update

Aya Gold & Silver Inc. Morocco Silver Mine Project Update

MiningComm

Region:Morocco

Requirement:Equity investment

Mineral Species:Silver

Want to know

Project Details

Company ProfileAya Gold & Silver is a rapidly growing, Canada-based silver producer with operations in the Kingdom of Morocco. Aya is the only TSX-listed pure silver mining company, operating the high-grade Zgounder Silver Mine, Boumadine Mine (Au-Ag-Pb-Zn), Tirzzit Mine(Cu-Ag-Au), Tijirit Mine(Au), Imiter bis Mine(Ag-Au-Pb-Zn-Cu), Amizmiz Mine(Au) and Azegour Mine(Cu-Mo-W). Market Cap (October 1, 2024) C$2.3B.



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Zgounder

Zgounder Mine:

Location: Located in the central Anti-Atlas mountains, 260km east of Agadir in Morocco. Zgounder is the second most-important silver mine in Morocco after the Imiter Mine.

    • 2024 silver production guidance: 1.6 – 1.8 million oz

    • Type of mine: underground

    • Current mining method: cut and fill

    • Processing method: flotation (500 tpd) – cyanidation (200 tpd)

    • Expansion to 2,700 tpd underway for expected commercial production in Q4-2024

    • Ownership: 100%

    • 2022 mineral reserves: 8,590,000t at 257 g/t Ag for 70,876,000 oz

    • M&I mineral resources: 9,765,000t at 306 g/t Ag for 96,057,000 oz (December 13, 2021)

    • Inferred mineral resources: 542,000t at 367 g/t Ag for 6,395,000 oz (December 13, 2021)

    • 2024 exploration: 30,000m drilling (mine permit) and 10,000m (regional permits)

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Boumadine Mine (Au-Ag-Pb-Zn):


Location: in the region of Drâa-Tafilalet in the Anti-Atlas mountains about 240 km from Ouarzazate in western Morocco.












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  • Ownership: Aya 85%-ONHYM 15% joint venture

  • Mining permits and exploration permits comprising 198 km²

  • 2024 drilling program of 120,000m:

    • 60,000m: explore and expand Main Zone’s 5.4km strike

    • 60,000m: test new targets

    • April 2024 mineral resource estimate

  • 2023 metallurgical test work:

    • Total recoveries of 89% for Ag, 85% for Au, 85% for Pb and 72% for Zn

    • Two step-process: 1) flotation and 2) oxidation (Albion Process™) with leaching

  • Completion of heliborne VTEM™ terrain, magnetic and radiometric geophysical surveys:

    • Data indicate presence of conductive anomaly down to at least 600m below surface along main trend

  • MobileMT airborne survey identified multiple potentially highly conductive anomalies to the west and south of Main Trend

  • Underground mining operations between ~1950s-1992



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AYA Investment Highlights:

ØThe only TSX-listed pure silver mining company with assets in Morocco

ØStrong management and balance sheet;

ØFully funded expansion and exploration program

ØStable, underexplored, mining-friendly, jurisdiction

ØClear, near-term decarbonization plan, supported by expanded disclosure

ØZgounder Silver Mine is planned to expand operational capacity from 700 tpd to 2,700 tpd in 2024.



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In 2024, Aya was added to the S&P / TSX Composite Index, demonstrating the company’s ability to execute on its expansion and exploration plans driving sustainable long-term value to shareholders.

Company Requirement: Seek for investors in China.

Contact Information: MiningCommPlatform

Attachment Download: Company Presentation

Company Website: https://ayagoldsilver.com


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