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Maya Gold & Silver continues to hit high-grade silver at Zgounder silver mine in Morocco

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Maya Gold & Silver Inc., a company focused on the acquisition, exploration and evaluation of mineral properties located in Morocco, has announce significant diamond drill and reverse circulation drill holes results from its 2020 ongoing drilling program at its Zgounder silver mine.

Additional Information:

Company: Maya Gold & Silver Inc.
Website: http://www.MayaGoldSilver.com
Stock Symbol: TSX: MYA
Date Published: Mar 13, 2020
Transcript: Available

Video Transcript:

I’m Fiona Forbes for Investmentpitch Media

Maya Gold & Silver Inc., a company focused on the acquisition, exploration and evaluation of mineral properties located in Morocco, has announce significant diamond drill and reverse circulation drill holes results from its 2020 ongoing drilling program at its Zgounder silver mine.

The company’s flagship projects are the Zgounder silver mine, located 260 kilometers east of the coastal city of Agadir, and the Boumadine polymetallic deposit, in western Morocco.

The company reported assays from three diamond holes, 19-01, 04 and 06, totaling 834 meters, and four reverse circulation holes, 19-27 to 19-30, totaling 516 meters drilled from the surface.

Results from another 4 diamond drill and 2 reverse circulation drill holes are pending.

Highlights from the diamond drill holes include 14 meters of 915 grams per tonne silver, 7 meters of 1,279 grams per tonne silver, and 2.5 meters of 1,178 grams per tonne silver.

Highlights from the reverse circulation holes include 6 meters of 3,547 grams per tonne silver, and 11 meters of 341 grams per tonne silver.

The silver mineralization occurs in veinlets filled by quartz cement and sulphide mineralization consisting of sphalerite, galena and pyrite encountered in an altered sandstone and at the contact with the rhyolite unit.

The ongoing drilling program focused on the eastern zone which corresponds to a virgin zone, without underground workings.

This zone covers an area of 200 meters x 150 meters that includes several mineralized envelopes mostly oriented E-W with a vertical extent mineralization at 185 meters below the surface intersected recently by hole ZG-19-01.

Noureddine Mokaddem, Chairman & CEO, stated: “We are more than satisfied with these positive results of the ongoing drilling program on the eastern zone never exploited before. The presence of the mineralization near the surface confirmed by the trenches results (Trench02 11m at 130.9 g/t Ag) and mineralization at depth for at least 185m below the surface convince us to do more works to get the full extent of this virgin zone.”

Maya is currently operating mining and milling facilities at its Zgounder Mine, an 85% - 15% joint venture between its subsidiary, ZMSM, and the ONHYM of the Kingdom of Morocco.

Additionally, Maya’s portfolio includes the Amizmiz and Azegour properties, both 100% owned, with gold, tungsten, moly and copper deposits covering more than 100 square kilometres in a historical mining district of the Kingdom of Morocco.

The shares are currently trading at $1.01.

For more information, please visit the company’s website www.MayaGoldSilver.com, contact Noureddine Mokaddem, Chairman & CEO, at 514-866-2008 or email NMokaddem@MayaGoldSilver.com.

I’m Fiona Forbes for Investmentpitch Media