Aya Gold & Silver Expands Footprint and Outlines Multiple New Conductive Anomalies at Boumadine

MONTREAL, July 23, 2024 (GLOBE NEWSWIRE) -- Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF) (“Aya” or the “Corporation”) is pleased to announce preliminary results from its recently completed regional geophysical survey of Boumadine in the Kingdom of Morocco. Today’s results highlight multiple potential conductive anomalies with a similar or stronger response than the Boumadine anomaly.

• Key Highlights
  
  
  • Completed an extensive 2024 regional airborne geophysical survey:
    
    
    • The survey included high resolution magnetics (“Mag”) and MobileMT technology:
      • 13,714-line kilometer (“km”) on the Boumadine block
      • 1,697-line km on the Tirzzit block

• Identified multiple potentially parallel, on-trend conductive anomalies similar to known conductors identified at Boumadine Main Trend:
  • Very large, potential conductive anomalies occurring 5km west of Boumadine, of similar orientation and stronger intensity than the Boumadine Main Trend conductor. This very large system also includes strong potential conductors occurring in an east-west direction.
  • Continuation of the Boumadine south main trend anomaly
  • Series of new N340 and north–south oriented potential conductive anomalies
  • New anomalies will be test-drilled
    

“Today’s preliminary results identify multiple, potentially highly conductive anomalies and drill-ready targets to the south of Boumadine Main Trend and to the west where significant conductive anomalies were identified,” said Benoit La Salle, President & CEO. “We are excited about the prospect of discovering a highly conductive parallel zone in addition to extending the main trend to the south, which is open in all directions. These results strengthen our confidence in proving the district scale of the opportunity at Boumadine. We plan to mobilize drill rigs on these prospective targets.”

Figure 1 – Preliminary Results – Apparent Conductivity at 175Hz (target in dashed red)

Figure 2 – Preliminary Results – Section L2100 Passing through Boumadine – Apparent Conductivity with Drill Holes (target in dashed red)

Figure 3 – Preliminary Results – Section L2290 Passing through Boumadine and Tizi – Apparent Conductivity with Drill Holes (target in dashed red)

Figure 4 – Preliminary Results – Total Magnetic Intensity