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Maya Gold & Silver Inc.
Summary
| Project: | Zgounder | |
|---|---|---|
| Deposit: | Zgounder | |
| Location: | Morocco | |
| Commodities: | Silver | |
| Date: | 5/24/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 24-5-2017: Maya Gold & Silver Inc. announces an Exploration/Drilling Update report for its Zgounder deposit at the Zgounder project. Drilling results incl. 13.2m @ 2376g/t Ag from 0m. Blainville, Québec- May 24, 2017 – Maya Gold & Silver Inc. (“Maya” or t | |
| Resources: | No current resource, historic estimate only | |
| CP/QP: | [Overall Report]: Claude Duplessis (GoldMinds Geoservices Inc.) | |
| ABSTRACT: | Blainville, Québec- May 24, 2017 – Maya Gold & Silver Inc. (“Maya” or the “Corporation”) (TSXV: MYA) is pleased to provide a progress update on its exploration drilling program at the Zgounder Millennium Silver Mine (ZMSM) and the discovery of a new zone on level 2100 to the North East of the adjacent historical Corps D openings at its Zgounder Silver Mine. The compilation and validation of the underground exploration 2016 & 2017 percussion holes was completed. These 2016 percussion holes are located in sectors which have been partially or completely mined and/or under development and the data will be integrated in the resource estimation update combined with the on-going Cavity Monitoring Survey. During the first threemonth period of 2017, the Zgounder geological team completed 92 percussion holes (T-28) for a total length of 1822.8m for 1519 samples of 1.2m. All the holes intersected silver mineralisation from low grade up to kilograms per tonne. The drilling, sampling, preparation and analytical method used is the same as the one developed and used in the 2013 independent underground drilling campaign by GoldMinds for the first NI-43-101 mineral resources. The data highlights a new zone to the north east of Corps D above the 2100 elevation and is recognized over 15m NE x 10m NW over 20m high and reflect the extent with width of the mineralisation. The holes have been drill from an exploration raise in fan and side of drift to define the shape of the body. Also, drilling for geometry definition of the Y6 with extension to the East of that body on the 2100 level has been done, also with new findings on 2030 and 2000 levels that can be incorporated in the next mineral resource update. | |
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