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.
Figure 1 – Surface Plan of Boumadine Property with Magnetic Data (Residual Total Field) and 2023 Drill Holes (CNW Group/Aya Gold & Silver Inc)
Figure 2 – Longitudinal View of Boumadine Main Zone (CNW Group/Aya Gold & Silver Inc)
Figure 3 – Surface Plan of South Zone with New 2023 DDH Results (CNW Group/Aya Gold & Silver Inc)
Figure 4 – Surface Plan of Property with Simplified Geology and 2023 Surface Samples (CNW Group/Aya Gold & Silver Inc)
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."
______________________________
1All 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.
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)
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