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Maya Gold & Silver Inc.
Summary
| Project: | Zgounder | |
|---|---|---|
| Deposit: | Zgounder | |
| Location: | Morocco | |
| Commodities: | Silver | |
| Date: | 1/8/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 8-1-2018: Maya Gold & Silver Inc. announces a Resource Estimation report for its Zgounder deposit at the Zgounder project. Updated Mineral Resource report for Zgounder. MONTREAL, QUEBEC–(Marketwired – January 8, 2018) – Maya Gold & Silver Inc. (“Maya” or | |
| Resources: | (Resource, M+I): 990Kt @ 315g/t Ag for 10.028Moz contained at Zgounder | |
| CP/QP: | [Resources]: Merouane Rachidi, Claude Duplessis (GoldMinds Geoservices Inc.) | |
| ABSTRACT: | MONTREAL, QUEBEC–(Marketwired – January 8, 2018) – Maya Gold & Silver Inc. (“Maya” or the “Corporation”) (TSXV: MYA) is pleased to announce an updated Mineral Resource Estimate for its Zgounder Silver Mine Property. Note: Mineral resources are not mineral reserves and do not have demonstrated economic viability, rounded numbers. However, the reported mineral resources are considered by the qualified persons to have reasonable prospects for economic extraction as per CIM 2014 definitions. "This mineral resource update shows Zgounder has a significant amount of silver metal left as demonstrated by our exploration efforts, with 29 diamond drill holes totalling 7121 meter. The work that has been done validates our belief that Zgounder is a virgin silver deposit. We have without a doubt increased the mineralized area with resource potential that may be conducive to open pit mining. This is just the beginning, as the company continues its exploration drilling program in 2018 with underground drilling, surface reverse circulation drilling with continuous diamond drilling program ", said Noureddine Mokaddem, President and CEO of Maya Gold & Silver Parameters for the definition of reasonable prospect of economic extraction for the pit constrained resource are below. For the underground, existing cut-off grade (COG) of 125 g/t at the mine is used. | |
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