Montreal-based Aya Gold & Silver announced Monday new drilling results indicating the discovery of a potential new gold zone at Asirem, west of the Boumadine Main Trend in Morocco, describing it as a «promising new target». According to the company's press release, drilling at Asirem suggests gold mineralization along an 8 km stretch, with grab samples reporting grades of up to [12.2 g/t gold and 4.1% copper]. Aya also reported high-grade intercepts from the Boumadine Main Trend and the Tizi Zone, and said it has expanded its exploration footprint with two new mining licences, bringing its total to 339 km². At Boumadine and Tizi, the company highlighted drilling results that it says demonstrate the continuity of mineralization. Aya noted that more than 100,000 meters of drilling have already been completed at Boumadine this year, with a Preliminary Economic Assessment (PEA), an early-stage technical and economic study assessing the potential viability of a mineral project, on the Main Trend expected before year-end. «The discovery of a new gold zone at Asirem confirms that Boumadine is evolving into a true district-scale asset with multiple mineralized trends», said Benoit La Salle, President & CEO. Referring to the upcoming PEA, he added: «These results highlight additional zones of mineralization, reinforcing Boumadine's scale and optionality as one of Morocco's most significant emerging precious metals discoveries». Aya Gold & Silver describes itself as a rapidly growing Canadian-based silver producer operating exclusively in Morocco. It is currently the only pure silver mining company listed on the Toronto Stock Exchange.
