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Maya Gold & Silver Inc.
Summary
| Project: | Boumadine | |
|---|---|---|
| Deposit: | Boumadine | |
| Location: | Morocco | |
| Commodities: | Gold-Silver-Lead-Zinc-Germanium | |
| Date: | 4/24/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 24-4-2019: Maya Gold & Silver Inc. announces a PEA report for its Boumadine deposit at the Boumadine project. PEA results incl. pre-tax NPV of US $ 574.8M (6.5%) IRR of 56%, 12yr LOM at the project. Montreal, Québec- April 23, 2019 – Maya Gold & Silver In | |
| Resources: | (Resource, M+I): 2.532Mt @ 1.88g/t AU, 129.77g/t Ag, 2.73% Zn, 1.06% Pb, 3.38g/t Ge | |
| CP/QP: | [Resources]: Daniel Dufort, Claude Duplessis, Merouane Rachidi (GoldMinds Geoservices Inc.) | |
| ABSTRACT: | Montreal, Québec- April 23, 2019 – Maya Gold & Silver Inc. (“Maya” or the “Corporation”) (TSX: MYA) is pleased to announce the results of an independent NI 43-101 Preliminary Economic Assessment Study (“PEA”) related to its Boumadine Polymetallic Mine in Morocco. The project is owned by Compagnie Minière Maya Maroc (CMMM), a joint venture owned by Maya G&S (85%) and l'Office National des Hydrocarbures et des Mines of the Kingdom of Morocco (15%). The PEA, which has an effective date of March 29th 2019, was prepared by GoldMinds Geoservices Inc. of Québec City Canada (GMG). Details of the PEA technical report NI 43-101 will be available on SEDAR and Maya’s website within 45 days. Maya started the first diamond-drilling program at Boumadine in January 2018 and such program has enabled Maya to increase the mineral resource estimates of Boumadine above historical statements. (*) In Morocco taxes are low 0.5% on the first five year of operation for a new company and thereafter a 17.5% applies on profit. | |
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