Maya Gold & Silver Intersected 1,494g/t Ag Over 18.6 Meters at its Zgounder Silver Mine in Morocco
31 Octubre 2013 - 8:32AM
Marketwired Canada
Maya Gold & Silver Inc. ("Maya" or the "Corporation") (TSX VENTURE:MYA) is
pleased to announce positive underground drilling results at the Zgounder silver
deposit in Morocco.
HIGHLIGHTS
-- 85 percussions holes have been drilled in total;
-- 61 of 85 holes have laboratory assay results available;
-- 36 of 61 holes have intersected significant silver mineralization;
-- Hole ZP13-2035E-001 has intersected 1,494 g/t Ag over 18.6 meters
including 4 kg/t Ag (4,074g/t) over 6 meters;
-- Hole ZP13-2035E-002 has intersected 698 g/t Ag over 9.6 meters including
1.1 kg/t Ag (1,103g/t) over 4.8 meters;
-- Hole ZP13-2035E-007 has intersected 678 g/t Ag over 9.6 meters including
1.38 kg/t Ag (1,382g/t) over 2.4 meters;
-- Hole ZP13-2000E-005 has intersected 644 g/t Ag over 7.2 meters including
1.67 kg/t Ag (1,676g/t) over 3.6 meters;
-- Hole ZP13-2000E-020 has intersected 763 g/t Ag over 6 meters including
1.2 kg/t Ag (1,203g/t) over 3.6 meters;
-- Hole ZP13-2000C-001 has intersected 463 g/t Ag over 14.4 meters
including 1.13 kg/t Ag (1,130g/t) over 3.6 meters;
-- Hole ZP13-2000C-002 has intersected 308 g/t Ag over 8.4 meters including
0.59 kg/t Ag (594g/t) over 3.6 meters;
-- Hole ZP13-2000C-003 has intersected 1,371 g/t Ag over 4.8 meters
including 2.28kg/t Ag (2,287g/t) over 2.4 meters;
-- Hole ZP13-2000N-002 has intersected 495 g/t Ag over 15.6 meters
including 1.9kg/t Ag (1,901g/t) over 3.6 meters;
-- A Cavity Monitoring Survey (CMS) of the main levels, stope 2035E shows
mineralized material still in place.
Most of the holes are perpendicular to mineralized zone or crossing the
mineralized structures junctions, hence presumed to be close to true thickness
of the mineralized zones. No capping of silver. The exact true widths for the
intercepts reported in this news release have not yet been determined.
Maya expects to complete and release resources estimates on Zgounder by the end
November of the current year.
A field XRF was used at Zgounder site under GoldMinds Geoservices Inc
supervision to analyse a split of the cuttings as a guide for interactive
drilling program. Holes having reached their target and associated samples
showing mineralization by XRF were sent to ALS laboratory in Canada for analysis
by Fire assay with gravimetric finish.
Out of these 85 holes, samples from 16 holes were not sent to laboratory because
they have not reached their theoretical length to hit target due to
intersections of shear zones, hardness of rock or mechanical problems or they
did not show significant XRF results (lower than 30 g/t Ag by XRF field
measurement). Samples from 8 holes are still pending laboratory assay not
included in the 61 holes. Results have now been received for 61 holes completed
in the Zgounder drilling program.
Guy Goulet, the Chief Executive Officer (CEO) of Maya Gold & Silver commented:
"We are extremely pleased with the results of the validation drilling. This
first stage of work will enable Maya Gold & Silver to receive its first NI
43-101 mineral resource soon."
Claude Duplessis, Eng., independent QP commented: "The validation of the
mineralized zones in North, Central and Eastern blocks with survey of existing
openings will enable us to provide a reliable estimate of the mineral resource
in place."
Results from this drilling will be incorporated into the upcoming resource
estimates.
The table below highlights some of the results received since the beginning of
the program.
-------------------------------------------------------------------------
Zgounder ALS Fire Assay Highlights
-------------------------------------------------------------------------
From To Length Ag ((i))
Hole number (m) (m) (m) g/t
-------------------------------------------------------------------------
ZP13-2000C-001 0.0 14.4 14.4 463.00
-------------------------------------------------------------------------
including 3.6 7.2 3.6 1129.67
-------------------------------------------------------------------------
ZP13-2000C-001bis 0.0 6.0 6.0 97.20
-------------------------------------------------------------------------
including 3.6 6.0 2.4 168.50
-------------------------------------------------------------------------
ZP13-2000C-001bis 10.8 16.8 6.0 181.80
-------------------------------------------------------------------------
including 10.8 13.2 2.4 320.00
-------------------------------------------------------------------------
ZP13-2000C-002 0.0 8.4 8.4 308.14
-------------------------------------------------------------------------
including 4.8 8.4 3.6 594.67
-------------------------------------------------------------------------
ZP13-2000C-002 14.4 16.8 2.4 114.00
-------------------------------------------------------------------------
ZP13-2000C-003 3.6 8.4 4.8 1371.50
-------------------------------------------------------------------------
including 6.0 8.4 2.4 2287.50
-------------------------------------------------------------------------
ZP13-2000C-003 19.2 24.0 4.8 400.75
-------------------------------------------------------------------------
including 20.4 22.8 2.4 734.50
-------------------------------------------------------------------------
ZP13-2000C-003 39.6 42.0 2.4 251.50
-------------------------------------------------------------------------
ZP13-2000C-006 4.8 7.2 2.4 98.00
-------------------------------------------------------------------------
ZP13-2000C-008C 33.6 36.0 2.4 98.00
-------------------------------------------------------------------------
ZP13-2000C-008D 7.2 9.6 2.4 96.50
-------------------------------------------------------------------------
ZP13-2000C-011bis 2.4 4.8 2.4 230.50
-------------------------------------------------------------------------
ZP13-2000C-012 3.6 6.0 2.4 403.50
-------------------------------------------------------------------------
ZP13-2000C-013 2.4 4.8 2.4 140.50
-------------------------------------------------------------------------
ZP13-2000C-014 2.4 6.0 3.6 683.67
-------------------------------------------------------------------------
ZP13-2000C-015 0.0 2.4 2.4 2835.00
-------------------------------------------------------------------------
ZP13-2000E-001 2.4 4.8 2.4 185.00
-------------------------------------------------------------------------
ZP13-2000E-001bis 2.4 7.2 4.8 493.00
-------------------------------------------------------------------------
ZP13-2000E-002 8.4 10.8 2.4 264.00
-------------------------------------------------------------------------
ZP13-2000E-003 1.2 3.6 2.4 110.00
-------------------------------------------------------------------------
ZP13-2000E-005 10.8 18 7.2 644.00
-------------------------------------------------------------------------
including 10.8 13.2 2.4 1382.50
-------------------------------------------------------------------------
ZP13-2000E-006 14.4 16.8 2.4 127.50
-------------------------------------------------------------------------
ZP13-2000E-007 15.6 18 2.4 145.50
-------------------------------------------------------------------------
ZP13-2000E-008 10.8 13.2 2.4 173.00
-------------------------------------------------------------------------
ZP13-2000E-009 4.8 7.2 2.4 280.50
-------------------------------------------------------------------------
ZP13-2000E-014 20.4 24 3.6 330.00
-------------------------------------------------------------------------
ZP13-2000E-017bis 1.2 10.8 9.6 422.25
-------------------------------------------------------------------------
including 1.2 6.0 4.8 626.25
-------------------------------------------------------------------------
ZP13-2000E-020 6.0 8.4 2.4 140.00
-------------------------------------------------------------------------
ZP13-2000E-020 14.4 20.4 6.0 762.60
-------------------------------------------------------------------------
including 14.4 18.0 3.6 1203.00
-------------------------------------------------------------------------
ZP13-2000E-023 16.8 19.2 2.4 85.00
-------------------------------------------------------------------------
ZP13-2000E-025 0.0 4.8 4.8 497.25
-------------------------------------------------------------------------
ZP13-2000E-026 0.0 4.8 4.8 99.50
-------------------------------------------------------------------------
ZP13-2000E-027 13.2 15.6 2.4 119.50
-------------------------------------------------------------------------
ZP13-2000N-001 6.0 21.6 15.6 263.38
-------------------------------------------------------------------------
including 7.2 12.0 4.8 602.50
-------------------------------------------------------------------------
ZP13-2000N-002 0.0 15.6 15.6 495.46
-------------------------------------------------------------------------
including 7.2 10.8 3.6 1901.00
-------------------------------------------------------------------------
ZP13-2000N-002bis 2.4 20.4 18.0 307.87
-------------------------------------------------------------------------
including 3.6 12.0 8.4 493.57
-------------------------------------------------------------------------
including 16.8 19.2 2.4 319.00
-------------------------------------------------------------------------
ZP13-2000N-002bis 26.4 31.2 4.8 670.40
-------------------------------------------------------------------------
including 26.4 28.8 2.4 1477.00
-------------------------------------------------------------------------
ZP13-2000N-003 8.4 26.4 18.0 161.00
-------------------------------------------------------------------------
including 8.4 13.2 4.8 262.25
-------------------------------------------------------------------------
ZP13-2000N-004 6.0 9.6 3.6 135.33
-------------------------------------------------------------------------
ZP13-2000N-004 12.0 19.2 7.2 77.33
-------------------------------------------------------------------------
ZP13-2035E-001 2.4 21.0 18.6 1494.13
-------------------------------------------------------------------------
including 7.2 13.2 6.0 4074.00
-------------------------------------------------------------------------
ZP13-2035E-002 6.0 15.6 9.6 698.38
-------------------------------------------------------------------------
including 7.2 12.0 4.8 1103.50
-------------------------------------------------------------------------
ZP13-2035E-003 3.6 16.8 13.2 142.36
-------------------------------------------------------------------------
including 3.6 7.2 3.6 198.33
-------------------------------------------------------------------------
ZP13-2035E-007 3.6 13.2 9.6 677.75
-------------------------------------------------------------------------
including 6.0 9.6 3.6 1676.67
-------------------------------------------------------------------------
ZP13-2035E-008bis 6.0 12.0 6.0 354.80
-------------------------------------------------------------------------
ZP13-2035E-009 9.6 13.2 3.6 702.67
-------------------------------------------------------------------------
ZP13-2035E-010 0.0 3.6 3.6 161.33
-------------------------------------------------------------------------
ZP13-2035E-010 13.2 15.2 3.6 452.50
-------------------------------------------------------------------------
(i)Silver by Fire Assay from ALS
QA/QC program including blanks and insertion of standards in addition to field
duplicates has been done and allow the disclosure of the results.
The technical content of this news release has been reviewed by Claude Duplessis
Eng. Geological Engineer from GoldMinds, independent Qualified Persons under NI
43-101 standards.
ABOUT MAYA
Maya Gold & Silver Inc. is a Canadian listed mining corporation focused on the
exploration and development of gold and silver deposits in Morocco. The
Corporation's shares trade on the TSX Venture Exchange under the symbol "MYA".
For further information on Maya visit www.mayagoldsilver.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.
Forward-looking statements
This release may contain forward-looking statements including management's
assessments of future plans and operations, and expectations of future
production. These statements are based on current expectations that involve a
number of risks and uncertainties, which could cause actual results to differ
materially from those anticipated. These risks include, but are not limited to,
the risks associated with the mining and exploration industry (e.g. operational
risks in development, exploration and production; delays or changes in plans
with respect to exploration or development projects or capital expenditures; the
uncertainty of reserve estimates; the uncertainty of estimates and projections
relating to production and the uncertainty of the availability of capital). The
assumptions used in the preparation of such statements, although considered
reasonable at the time of preparation, may prove to be imprecise and, as such,
undue reliance should not be placed on forward-looking statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
Maya Gold & Silver Inc.
Guy Goulet
Chief Executive Officer
450-435-0700 ext. 204
ggoulet@mayagoldsilver.com
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