Aya Gold & Silver Sees Resource Estimate Increase To 96.1 Million Silver Ounces At Zgrounder Mine

Aya Gold & Silver (TSX: AYA) reported today the updated mineral resource estimate for its Zgounder silver mine in the Kingdom of Morocco. The report effective December 13, 2021, saw the total measured & indicated resources increase to 96.1 million silver ounces coming from 9.8 million tonnes grading at 306 g/t silver.

According to the firm, this is a 116% increase from the estimate reported in March 2021 of 44.4 million silver ounces coming from 4.6 million tonnes grading at 282 g/t silver.

Specifically, measured resources were reported at 3.5 million tonnes at 347 g/t silver for 39.2 million silver ounces while indicated resources were at 6.3 million tonnes at 283 g/t silver for 56.9 million silver ounces.

The latest update includes drilling conducted between January and September 2021. The database was gathered from 516 drill holes, surface and underground combined, covering 41,932 metres.

Breaking down the measured & indicated resource estimate, pit-constrained resources contributed 5.9 million silver ounces grading at 357 g/t silver while out-of-pit resources contained 89.3 million silver ounces grading at 309 g/t silver.

The report also included 6.4 million silver ounces of inferred resources grading at 367 g/t silver from the out-of-pit resources.

“Our next priority will be [the] completion of the Zgounder expansion Feasibility Study in Q1-2022, while continuing our ongoing step-out and infill drill program,” relayed Aya Gold & Silver CEO Benoit La Salle.

The mining company previously declared its target to achieve a 100 million silver ounce resource by the end of 2021.

Aya Gold & Silver last traded at $5.50 on the TSX.


Information for this briefing was found via Sedar and Aya Gold & Silver. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

San Dimas: First Majestic Silver’s Sleeper Asset

New Gold Q2 Earnings: Record Free Cash Flow

STLLR Gold: The Tower Gold PEA

Recommended

Tsunami Warnings Spread As Largest Quake Since 2011 Hits Russia

Northern Superior Intersects 1.75 g/t Gold Over 65.0 Metres At Philibert

Related News

Mirasol Resources Intersects 625.0 G/T Silver Over 10.8 Metres At Virginia Silver

Mirasol Resources Ltd. (TSXV: MRZ) announced this morning the drill results from the Virginia Silver...

Monday, May 17, 2021, 09:25:51 AM

GoGold Intersects 43.0 Metres Of 322.7 G/T Silver Equivalent At New Discovery

GoGold Resources (TSX: GGD) this morning released drill results from the first drilling conducted on...

Wednesday, January 27, 2021, 07:31:01 AM

Silvercorp Earns US$192.1 Million In Revenue, US$46.4 Million Net Income For FY2021

Silvercorp Metals Inc. (TSX: SVM) announced Thursday the company’s financial and operational results for its...

Friday, May 21, 2021, 08:40:13 AM

Canuc Resources Samples 1,222 G/T Silver At San Javier

Canuc Resources (TSXV: CDA) this morning released further data from samples collected at its flagship...

Wednesday, October 14, 2020, 09:26:18 AM

Mexico Lockdown Decreases Worlds Silver Production 23%

Like many other precious metals, the production of silver has now been significantly impacted by...

Thursday, April 2, 2020, 09:45:28 PM