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Thread: AYA Gold & Silver, Inc.

  1. #1

    Default AYA Gold & Silver, Inc.

    AYA Gold & Silver, Inc. (MYAGF) -- https://ayagoldsilver.com/

    "Montreal, Quebec, December 14, 2021 - Aya Gold & Silver Inc. (TSX: AYA) (“Aya” or the “Corporation”) is pleased to report an updated Mineral Resource Estimate for its Zgounder Silver Mine in the Kingdom of Morocco.

    Highlights - Overview as of December 13, 2021

    Measured and Indicated (“M&I”) Mineral Resources increased to 96.1 million (“M”) ounces (“oz”) of silver (“Ag”), a 116% increase compared to March 2021
    Inferred Mineral Resources increased to 6.4M oz Ag, a 1,519% increase compared to March 2021
    High-grade Mineral Resources in the Measured classification: 3.5M tonnes (“t”) at 347 g/t Ag for 39,183 oz
    The resulting Feasibility Study for a 2,000 tonnes per day (“tpd”) mine and process plant expansion is targeted for completion in Q1-2022, bringing the total project to 2,700 tpd
    Focus on increasing Mineral Resource Estimate through 2022 drilling priority targets at depth and along strike at Zgounder and on the Zgounder Regional properties

    The updated Mineral Resource Estimate has an effective date of December 13, 2021 and incorporates drilling carried out on Zgounder between January and September 10, 2021. Zgounder’s M&I Mineral Resources total 9.8Mt averaging 306 g/t Ag for 96.1M oz Ag. This represents an increase of 116% compared to the March 2021 M&I Mineral Resources of 44.4M oz Ag (Table 1). This Mineral Resource Estimate will form the basis of the Corporation’s maiden Mineral Reserve Estimate in conjunction with the Feasibility Study."

    The Mineral Resource database update consists of 516 drill holes (surface and underground combined) for 41,932 metres (“m”) carried out on Zgounder. The drilling campaign had two objectives: increase the confidence level of the Exploration Target area identified in March 2021, and further extend mineralization in the eastern part of the Deposit. The Corporation succeeded on both counts, extending the mineralized east-west strike from 775m to 1,100m in length and at depth.

    “We are pleased that our 2021 exploration program at Zgounder has delivered an updated Mineral Resource Estimate that materially increases the M&I Mineral Resources and improves the overall Mineral Resource grade. This represents an 860% increase in M&I Mineral Resources since management was appointed in April 2020. Based on our recent drill results, we remain confident in our ability to further grow this already substantial Mineral Resource at depth and along strike,” said Benoit La Salle, President and CEO. “Our next priority will be completion of the Zgounder expansion Feasibility Study in Q1-2022, while continuing our ongoing step-out and infill drill program.”
    Do your own due diligence

    I stand united with my friends & family in Canada who seek freedom.

  2. #2

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    Mexico is and will be the largest source of Ag, but they are putting the screws to existing mining companies and GOK's if there will be much new exploring and developing of Ag mines in Mexico if they continue to make life difficult for junior exploring mining companies. S. American countries seem to be following the leader and attempting the same BS. So AYA found Ag in Morocco and it appears to be a huge mostly unexplored find. So far no problems from the government over there. I own AYA shares and will increase my holdings every time there's a drop in the S.M.
    Do your own due diligence

    I stand united with my friends & family in Canada who seek freedom.

  3. #3

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    A heads up to anyone looking at mining companies, take a good look at AYA. While all mining companies are greatly discounted at the moment, finding those that will recover the quickest is not as easy to figure out. AYA has been moving up for the last few weeks and has recovered a lot of share price. The company itself has some great numbers too. But as always - do your own due diligence.

    See: https://ayagoldsilver.com/
    Do your own due diligence

    I stand united with my friends & family in Canada who seek freedom.

  4. #4

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    "MONTREAL, Dec. 21, 2022 /CNW Telbec/ -Aya Gold & Silver Inc.*(TSX: AYA) (OTCQX: AYASF) ("Aya" or the "Corporation") is pleased to announce additional drill exploration results, confirming the extension of high-grade silver mineralization at depth at the Zgounder Silver Mine in the Kingdom of Morocco.

    Key Highlights (all intersections are in core lengths)

    At the central zone just below 2,000 meter ("m") level extending the high-grade zone discovered recently,
    hole TD28-22-2000-308 intercepted 3,956 grams per tonne ("g/t") silver ("Ag") over 21.60m including
    5,792 g/t Ag over 14.40m
    hole TD28-22-2000-305 intercepted 5,691 g/t Ag over 9.60m including
    8,840 g/t Ag over 6.00m
    hole TD28-22-2000-307 intercepted 1,972 g/t Ag over 15.60m including
    2,538 g/t Ag over 12.00m
    Surface drilling including ZG-DCD-22-06 at the bottom contact with the granite intersected 1,220 g/t Ag over 6.50m and 5,132 g/t over 2.50m. ZG-22-64, intersected 2,074 g/t over 3.50m, confirming high-grade mineralization at, or near, the contact with the granite.
    From diamond definition drilling, DZG-SF-22-129 intercepted 708 g/t Ag over 11.00m, DZG-SF-122 intercepted 646 g/t over 11.00m and DZG-SF-135 intercepted 423 g/t over 13.50m upward from level 2,030m.

    "Today's surface drilling results are part of our drill exploration program aimed at extending the high-grade mineralization at depth towards the granite contact at Zgounder," said Benoit La Salle, President & CEO. "We are very pleased with the overall continuity of the deposit, which continues to expand the known mineralization and deliver high-grade ounces."

    For more details see AYA's website.
    Do your own due diligence

    I stand united with my friends & family in Canada who seek freedom.

  5. #5

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    "MONTREAL, Jan. 10, 2023 /CNW Telbec/ - Aya Gold & Silver Inc.*(TSX: AYA) (OTCQX: AYASF) ("Aya" or the "Corporation") is pleased to announce its fourth quarter and annual silver production results at the Zgounder Silver Mine in the Kingdom of Morocco.
    Q4-2022 Quarter Production Highlights

    Silver ("Ag") production of 661,621 ounces ("oz") in Q4-2022, a 52.5% increase compared with Q4-2021
    Processed 63,283 tonnes ("t") of ore at a head grade of 364 grams per tonne ("g/t"), a 46.8% increase in head grade compared with Q4-2021
    Silver recovery of 89.9% in Q4-2022, a 7.5% increase compared with Q4-2021
    Combined mill availability of 88.8% in Q4-2022
    Mine production of 80,426 t of ore in Q4-2022, a 28.4% increase compared with Q4-2021

    2022 Annual Production Highlights

    Silver production of 1,880,707 oz in 2022, a 17.5% increase compared with 2021, slightly above guidance
    Processed 254,976 t of ore, at 265 g/t in 2022; a 13.6% increase in tonnes processed compared with 2021
    Combined silver recovery of 86.6% in 2022, a 4.5% increase compared with 2021
    Combined mill availability of 91.7% in 2022
    Mine production of 283,090 t of ore in 2022, a 29.3% increase compared with 2021

    "2022 was another record-breaking year at Zgounder with our mining operations performing ahead of guidance in Q4-2022," said Benoit La Salle, President & CEO. "It was also a significant year for mine development and infrastructure buildout, which is critical to the Zgounder mine expansion and provided access to new stopes at the "1950m" mine level. An expanded drill exploration program at both Zgounder and Boumadine will be conducted during 2023 with an objective of providing significant growth and delivering value to all stakeholders."
    Do your own due diligence

    I stand united with my friends & family in Canada who seek freedom.

  6. #6

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    "Aya Gold & Silver Announces High-Grade Silver Drill Results and Adds New Exploration Permits at Zgounder
    October 12, 2023
    07:00 AM ETPublished October 12, 2023 07:00 AM Eastern Time
    Canada Newswire

    MONTREAL, Oct. 12, 2023 /CNW/ - Aya Gold & Silver Inc. (TSX: AYA) (OTCQX: AYASF) ("Aya" or the "Corporation") is pleased to announce high-grade silver drill results and the acquisition of new adjacent exploration permits at the Zgounder Silver Mine in the Kingdom of Morocco.

    Key Highlights (all intersections are in core lengths)

    In the open-pit area to the east, reverse circulation ("RC") drill hole ZG-RC-C3-23-25 intercepted 480 grams per tonne ("g/t") silver ("Ag") over 17 meters ("m"), including 1,156 g/t Ag over 5.0m and ZG-RC-C3-23-36 intercepted 1,043 g/t Ag over 5.0m

    In the Central Zone from the 1,975m level:
    hole TD28-23-1975-767 intercepted 1,706 g/t Ag over 7.2m, including 4,688 g/t Ag over 2.4m
    hole TD28-23-1975-770 intercepted 3,065 g/t Ag over 4.8m

    In the Central Zone from the 1,950m level:
    hole TD28-23-1950-669 intercepted 933 g/t Ag over 9.6m, including
    1,576 g/t Ag over 4.8m
    hole TD28-23-1950-665 intercepted 1,653 g/t Ag over 4.8m, including
    3,166 g/t Ag over 2.4m

    Acquisition of 62.6 square kilometers ("km˛") of exploration permits less than 25km east of Zgounder as part of a reallocation of exploration permits by the Moroccan Directorate of Mines (Figure 2).

    "Acquisition of this new prospective exploration ground boosts the total Zgounder land package to over 425km˛, increasing the potential for satellite deposits," said Benoit La Salle, President & CEO. "We are also very encouraged by the ongoing high-grade results from both the open-pit and underground drilling, reconfirming the continuity of high-grade mineralization at Zgounder."'
    Do your own due diligence

    I stand united with my friends & family in Canada who seek freedom.

  7. #7

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    "MONTREAL, Jan. 11, 2024 /CNW/ -Aya Gold & Silver Inc. (TSX: AYA) (OTCQX: AYASF) ("Aya" or the "Corporation") is pleased to announce production of 1,970,646 ounces of silver at its Zgounder Silver Mine in 2023.

    Q4-2023 Production Highlights

    Silver ("Ag") production of 450,046 ounces ("oz") in Q4-2023.
    Processed 66,449 tonnes ("t") of ore at a head grade of 239 grams per tonne ("g/t") of silver.
    Silver recovery of 86.7% in Q4-2023.
    Combined mill availability of 91.3% in Q4-2023, a 2.6% increase compared to Q4-2022.
    Mine production of 180,726t of ore in Q4-2023, 124.7% increase compared to Q4-2022 as per mine ramp up plan.

    Safely Delivering on our Commitments and Guidance

    240% year-on-year increase in health and safety training hours.
    86% reduction in accident frequency rates compared with 2022.
    Silver production of 1,970,646 oz in 2023, a 4.8% increase compared with 2022 and beating 2023 production guidance of between 1.7 and 1.9 million ("M") oz.
    Processed 281,634t of ore at 250 g/t Ag in 2023, a 10.5% increase in ore processed compared with 2022.
    Combined silver recovery of 86.9% in 2023, a 0.3% increase compared with 2022.
    Combined mill availability of 93.6% in 2023, a 1.8% increase compared with 2022.
    Mine production of 505,989t of ore in 2023, a 78.7% increase compared with 2022, in line with our mine ramp up plan.

    "I am extremely proud of our operations team who delivered another year of production outperformance at Zgounder" said Benoit La Salle, President & CEO. "Not only did we beat production guidance for the third year in a row, but 2023 was a record year, with silver production of almost 2 million ounces. This important milestone was achieved during a transitional year as we complete our Zgounder mine expansion to quadruple production and continue to drill at both Zgounder and Boumadine. We remain on time and on budget with commissioning in Q2-2024 and full ramp up by Q4-2024."

    Q4-2023 and 2023 Annual Production Update

    Key production metrics


    Q4-2023* FY-2023*

    Tonnes processed 66,449 281,634

    Average grade (g/t Ag) 239 250

    Silver ingots produced (oz) 173,117 740,236

    Silver in concentrate for sale produced (oz) 276,929 1,230,410

    Total silver produced (oz) 450,046 1,970,646

    *2023 numbers are preliminary and are subject to final adjustment.

    In 2023, operation of the Zgounder open pit began. The planned production rate of 500 tonnes per day ("tpd") was reached in October. Production of the underground mine accelerated to 1,300 tpd in November. In December, the combined mining rate from both underground and open pit mines exceeded 2,300 tpd. This progressive increase in mining rate is consistent with our mine ramp-up plan.

    Higher mill throughput, especially at the flotation plant, resulted in the processing of 281kt in 2023 compared to the 245kt guided. Sustained recoveries and mill availabilities resulted in total production of 1.97M oz, exceeding the 1.7 to 1.9M oz guided. Furthermore, the flotation mill was shut down for maintenance for six days during December 2023 to ensure a solid start to 2024 operations.

    Q4-2023 Financial and Operational Results

    Aya will release its 2023 year-end and fourth quarter financial and operational results before market open on March 28, 2024 and will host a conference call shortly afterwards. Details of the call will be released at a later date. "
    Do your own due diligence

    I stand united with my friends & family in Canada who seek freedom.

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