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Maya Gold & Silver Inc.

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Summary

Project:

Zgounder

Deposit:Zgounder
Location:Morocco
Commodities:Silver
Date:3/16/2018
Report Code:NI43-101
Report Type:PEA
Project Stage:Active Mining & Production
Report details:16-3-2018: Maya Gold & Silver Inc. announces a PEA report for its Zgounder deposit at the Zgounder project. Amended technical report for PEA at Zgounder. The Zgounder silver mine is owned since 2012 by Maya Gold and Silver (Maya owns 85% in joint venture
Resources:(Resource): 0.990Mt @ 315g/t Ag (M+I) & 34.37Mt @ 256g/t Ag (Inf.) at project
CP/QP:[Resources]: Claude Duplessis, Merouane Rachidi (GoldMinds Geoservices Inc.)
ABSTRACT:The Zgounder silver mine is owned since 2012 by Maya Gold and Silver (Maya owns 85% in joint venture with l’Office National des Hydrocarbures et des Mines (ONHYM) of the Kingdom of Morocco (15%)). The Zgounder Mine is located in the central Anti-Atlas Mountains in the Taroudant Province, Morocco, approximately 265 km east of Agadir City. GoldMinds Geoservices Inc. (GMG) has prepared in 2014 the first NI 43-101 compliant mineral resource estimation and the Preliminary Economic Assessment (PEA) of the Zgounder mine in order to resume mining and exploitation. Maya has publically disclosed the Pre-Feasibility Study (PFS) on May 2014 that was conjointly prepared by GMG and SGS Geostat of Blainville. The milling operations started in July 2014 and Maya Gold and Silver announced the first silver pour in August 2014 with the production of the first 20 silver ingots. The surface diamond drilling programs of 2015 and 2017 allowed Maya Gold and Silver to increase the mineral resource of Zgounder and intersect a rich silver mineralization at the eastern zone close to the surface. Maya has also intersected, during the recent diamond drilling campaign and for the first time, a very rich silver mineralization which probably correspond to the extension of Corps D at an elevation 1655 m Z

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