Aya Gold & Silver Inc. (TSX: AYA) has announced an significant increase to its 2023 exploration program across its Moroccan assets, which include the Boumadine polymetallic project, Zgounder silver deposit, Zgounder Regional properties and the recently acquired Tirzzit copper-silver property.
At Boumadine, the company has added another 40,000 metres of planned diamond drilling. Aya aims to expand the strike length of mineralization to the south; test a new zone in the northwest where massive sulphides are associated with a large, 1.5-km brecciated zone; and to complete infill drilling.
“We are very encouraged with Boumadine exploration results over the past 12 months and are more than doubling our 2023 drill exploration program for this project to 76,000 metres. We continue to grow the strike, which now extends 3.8 kilometres remaining open in all directions,” said Benoit La Salle, CEO of Aya Gold, in a release.
“We are also encouraged by our early work at Zgounder Regional and remain focused on finding additional resources including the potential for satellite deposits within trucking distance from the mine.”
The Toronto-based silver producer added another 7,300 metres to the Zgounder Regional exploration, which will test the potential continuation of the Zgounder deposit and drill a new target in the Tourchkal area.
About 3,000 metres of extra surface drilling will also be completed near the Zgounder open pit, designed to follow up on earlier reverse-circulation drill results east of the deposit and in the southern part of the pit, the company added.
At the Tirzzit property, it is expected to conduct an initial stream sediment and mapping campaign and a high-resolution hyperspectral survey.
Aya Gold & Silver closed Thursday’s trading session 2.3% higher, for a market capitalization of $879.3 million.
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