Casablanca – Aya Gold & Silver Inc. has unveiled a significant update to the Mineral Resource Estimate (MRE) for its Boumadine Project in Morocco, reinforcing its potential as a world-class mining asset. The latest findings highlight substantial increases in both indicated and inferred resources, reflecting the project’s growing scale and economic viability.

Key resource upgrades

The updated MRE, based on extensive drilling and geological assessments, indicates a sharp rise in silver-equivalent resources. The new estimates are as follows:

  • Indicated Resources: 5.2 million tonnes (Mt) grading 91 grams per tonne (g/t) silver (Ag), 2.78 g/t gold (Au), 2.8% zinc (Zn), and 0.85% lead (Pb). This equates to 15.1 million ounces (Moz) of silver and 449 kilo ounces (koz) of gold, marking a 120% increase in silver-equivalent resources.
  • Inferred Resources: 29.2 Mt at 82 g/t Ag, 2.63 g/t Au, 2.11% Zn, and 0.82% Pb, amounting to 76.8 Moz of silver and 2.4 Moz of gold, a 19% increase in silver-equivalent resources.

A rapidly expanding footprint

Aya Gold & Silver’s continued exploration has significantly extended the Boumadine deposit, which now spans a large portion of the 271.5 km² land package. In addition, the company has secured an exploration authorization over a 600 km² area, positioning Boumadine as one of Morocco’s most promising mining sites.

The updated resource estimate incorporates drilling data from 428 holes totaling 142,268 meters, including 93 recently completed drill holes. These results have consistently demonstrated the project’s high-grade mineralization and robust expansion potential.

Future prospects and strategic development

Benoit La Salle, President and CEO of Aya Gold & Silver, emphasized the company’s commitment to advancing Boumadine into a major mining operation. “The expansion of our resource base confirms the world-class potential of Boumadine,” he stated. “We are well-positioned to continue unlocking its value through additional exploration and development.”

Ongoing metallurgical studies and further drilling are expected to refine the project’s economic outlook and pave the way for future production. With a steady increase in resources and promising geological prospects, Boumadine stands as a key driver of Aya Gold & Silver’s growth strategy in Morocco.

The latest discoveries further solidify the project’s status as a high-grade, multi-metal deposit with strong economic potential, reinforcing Morocco’s position as an emerging hub for mining investment.