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Aya Gold & Silver Reports High-Grade Drill Results from Completed 2023 Drill Exploration Program at Boumadine

MONTREAL, Jan. 18, 2024 /CNW/ – Aya Gold & Silver Inc. (TSX: AYA) (OTCQX: AYASF) (“Aya” or the “Corporation”) is pleased to announce new high-grade drill exploration results from its 2023 completed program of 76,000 meters at Boumadine in the Kingdom of Morocco. The new results confirm the large, high-grade mineralized zones in the southern and northern portions of the Main Trend, which remains open in all directions.

Key Highlights1

  • Definition of new high-grade mineralization from the infill drilling program:
    • BOU-DD23-223 intersected 763 grams per tonne (“g/t”) silver equivalent (“AgEq”) over 38.3 meters (“m”) (1.53 g/t Au, 311 g/t Ag, 4.4% Zn, 1.8% Pb and 0.04% Cu), including 11.0m at 996 g/t AgEq
    • BOU-DD23-230 intersected 991 g/t AgEq over 17.6m (2.64 g/t Au, 247 g/t Ag, 7.7% Zn, 1.2% Pb and 0.3% Cu), including 3.7m at 1,662 g/t AgEq
    • BOU-DD23-248 intersected 1,136 g/t AgEq over 5.9m (5.94 g/t Au, 59 g/t Ag, 8.8% Zn, 1.0% Pb and 0.1% Cu)
    • BOU-DD23-220 intersected 575 g/t AgEq over 10.9m (1.77 g/t Au, 91 g/t Ag, 4.5% Zn, 1.7% Pb and 0.1% Cu), including 2.4m at 1,275 g/t AgEq
    • BOU-DD23-218 intersected 1,409 g/t AgEq over 4.2m (13.59 g/t Au, 115 g/t Ag, 0.1% Zn, 0.1% Pb and 0.1% Cu) and 978 g/t AgEq over 5.8m (9.21 g/t Au, 80 g/t Ag, 0.1% Zn, 0.1% Pb and 0.2% Cu)
    • BOU-DD23-251 intersected 531 g/t AgEq over 9.4m (2.66 g/t Au, 32 g/t Ag, 4.4% Zn, 0.2% Pb and 0.04% Cu), including 2.4m at 1,719 g/t AgEq

“Today’s high-grade drill results including BOU-DD23-223 in the south and BOU-DD23-218 in the north of the Main Trend confirm continuity and grade of the Main Trend at Boumadine,” said Benoit La Salle, President & CEO. “Infill drilling has decreased the spacings between drill holes to improve our confidence in grades and tonnages for the upcoming Q1-2024 mineral resource estimate, which will provide visibility on Boumadine’s potential for near-term value creation.”

______________________________
1 All intersections are in core lengths; Ag equivalent is based on a 100% recovery with the following ratios: 1g/t Au: 93.4 g/t Ag; 1% Cu: 130.4 g/t Ag; 1% Pb: 31.8 g/t Ag; 1% Zn: 54.1 g/t Ag

Table 1 – Significant Intercepts from Boumadine Drill Exploration Program (Core Lengths)

 DDH No.SectionZoneFrom
(m)
To
(m)
Au
(g/t)
Ag
(g/t)
Length*
(m)
Cu
(%)
Pb
(%)
Zn
(%)
Mo
(g/t)
 Ag Eq**
(g/t)
BOU-DD23-2086675NMain129.9139.41.60359.50.20.10.435231
Including134.9139.42.51594.50.30.10.555367
BOU-DD23-2119150NMain6.09.82.01993.80.04.30.017426
BOU-DD23-2148850NMain214.0223.04.77619.00.10.10.25535
Including216.2221.56.61905.30.20.10.36749
BOU-DD23-2188850NPara244.3247.514.72193.20.00.20.141,411
BOU-DD23-2188850NPara252.6256.813.591154.20.10.10.131,409
BOU-DD23-2188850NPara261.2275.11.223013.90.00.00.15153
Including272.3274.05.891191.70.20.10.113698
BOU-DD23-2188850NMain280.3286.19.21805.80.20.10.18978
Including280.3284.313.051084.00.30.10.281,377
BOU-DD23-2188850NPara290.0302.01.985812.00.10.10.28265
Including292.1297.43.501075.30.10.10.111459
BOU-DD23-2188850NPara333.1334.30.0310261.20.00.00.011,031
BOU-DD23-2206575NMain105.0115.91.779110.90.11.74.5133575
Including112.3114.76.262612.40.31.26.6161,275
BOU-DD23-2206575NPara133.4136.80.89763.40.32.57.07649
BOU-DD23-2216575NMain225.5239.01.071213.50.00.20.34136
BOU-DD23-2236525NMain131.6169.91.5331138.30.01.84.4101763
Including144.9155.92.3449411.00.11.93.936996
BOU-DD23-2236525NPara239.5247.00.46947.50.00.20.735192
BOU-DD23-2259325NPara47.453.71.44546.30.00.95.312508
Including50.853.72.88862.90.01.09.921927
BOU-DD23-2259325NMain73.277.42.70214.20.10.33.216465
Including75.277.44.72312.20.10.34.516738
BOU-DD23-2269325NMain182.8186.71.26353.90.11.54.78466
Including184.5185.73.33531.20.11.89.514951
BOU-DD23-2269325NPara197.0198.17.73471.10.30.50.58852
BOU-DD23-2279325NMain259.7268.33.34188.60.10.10.56369
Including263.5268.35.42214.80.10.10.17545
BOU-DD23-2286300NMain267.2276.11.99818.90.01.03.459488
Including267.7273.03.091195.30.01.54.787715
BOU-DD23-2296525NPara111.9116.01.601754.10.11.97.3259810
BOU-DD23-2306575NMain166.6184.22.6424717.60.31.27.786991
Including177.6181.32.916513.70.13.211.51061,662
BOU-DD23-2306575NPara188.2202.32.789714.10.20.46.531755
BOU-DD23-2315375NMain582.0585.70.961103.70.00.62.4339371
BOU-DD23-2327825NMain426.4431.83.91185.40.10.10.12402
Including426.4427.710.72491.30.20.10.221,092
BOU-DD23-2346575NMain310.6317.31.40196.70.10.34.51407
Including315.0316.34.78411.30.20.418.421,518
BOU-DD23-2387825NPara216.0217.81.59471.80.13.73.510517
BOU-DD23-2446450NPara64.070.41.06496.40.00.72.0131287
BOU-DD23-2446450NPara112.8120.60.71627.80.00.21.3196216
BOU-DD23-2446450NPara134.6145.40.414110.80.00.81.2361190
BOU-DD23-2446450NMain148.5155.10.52566.60.00.92.6298295
Including150.5152.11.191871.60.02.59.0946925
BOU-DD23-2456450NPara106.0111.00.05175.01.50.41.570312
BOU-DD23-2456450NMain198.4206.50.731228.10.02.34.768524
Including198.4200.21.832991.80.14.813.12691,355
BOU-DD23-2456450NPara217.5226.50.8669.00.00.30.32112
BOU-DD23-2486450NMain329.5335.45.94595.90.11.08.8231,136
BOU-DD23-2495800NMain598.7601.84.19483.10.10.12.512587
BOU-DD23-2495800NPara693.1695.52.18572.40.00.77.310680
BOU-DD23-2505800NPara236.7239.73.3413.00.00.00.05316
BOU-DD23-2505800NMain377.7384.01.44496.3…0.10.10.512225
BOU-DD23-2505800NPara448.8455.51.02256.70.10.10.412155
BOU-DD23-2516450NMain345.9355.32.66329.40.00.24.414531
Including346.4348.87.99912.40.10.315.8191,719
BOU-DD23-2547650NMain241.4243.45.63612.00.30.21.46703
 *    True width remains undetermined at this stage; all values are uncut.
**   Ag equivalent is based on a 100% recovery with the following ratio: 1 g/t Au: 93.4 g/t Ag; 1% Cu:130.4 Ag; 1% Pb: 31.8 Ag;
       1% Zn: 54.1 Ag.
Figure 1 – Surface Plan of Boumadine Property with Magnetic Data (Residual Total Field) and 2023 Drill Holes (CNW Group/Aya Gold & Silver Inc)
Figure 1 – Surface Plan of Boumadine Property with Magnetic Data (Residual Total Field) and 2023 Drill Holes (CNW Group/Aya Gold & Silver Inc)

2023 Exploration Results

For 2023, 197 diamond drill holes (“DDH”) for 74,295m were completed at Boumadine (Figure 1 and Appendix 2) with the remaining meterage of the 76,000m were completed in the first week of January 2024. Infill drilling was conducted on strike along the Main Trend (South, Central, and North Zones) while exploration drilling also targeted the North-West, Tizi and North-East Zones.

The majority of results have been received for drill holes up to BOU-DD23-255 (Table 1, Figure 3, Figure 4, and Appendix 1).

Results received since November 2023 confirm the high grade of the southern infill sections of the Main Trend, notably with holes BOU-DD23-223 and BOU-DD23-230 intersecting large, mineralized zones.

The main mineralization generally consists of 1m to 4m wide (locally reaching over a 10m width) N340- oriented massive sulphide lenses/veins sharply dipping eastward (> 70°). The massive sulphide veins (>80%) are mainly composed of pyrite, with variable proportions of sphalerite, galena, and chalcopyrite. Figure 3 presents the results of the Boumadine Main Zone on a longitudinal section along the deposit, defining ore shoots shallowly dipping toward south, in both the Central and South Zones.

Figure 2 – Longitudinal View of Boumadine Main Zone (CNW Group/Aya Gold & Silver Inc)
Figure 2 – Longitudinal View of Boumadine Main Zone (CNW Group/Aya Gold & Silver Inc)
Figure 3 – Surface Plan of Central & North Zones with New 2023 DDH Results (CNW Group/Aya Gold & Silver Inc)
Figure 3 – Surface Plan of Central & North Zones with New 2023 DDH Results (CNW Group/Aya Gold & Silver Inc)
Figure 4 – Surface Plan of South Zones with New 2023 DDH Results (CNW Group/Aya Gold & Silver Inc)
Figure 4 – Surface Plan of South Zones with New 2023 DDH Results (CNW Group/Aya Gold & Silver Inc)
Aya Gold & Silver Inc logo (CNW Group/Aya Gold & Silver Inc)
Aya Gold & Silver Inc logo (CNW Group/Aya Gold & Silver Inc)

Next Steps

Following completion of the 2023 drilling program, the Corporation expects to publish an NI 43-101 compliant resource by the end of Q1-2024.

The 2024 drill program is already underway, a portion of which will continue extending the strike-length of the Boumadine Main Trend but with a primary focus on exploring targets outside of the Main Trend. Final numbers will be announced later in Q1.

Fieldwork commenced on the new permits in 2024 with a hyperspectral survey, mapping and prospecting. High resolution airborne geophysics (magnetics and MobileMT) is expected to begin later in Q1.

Technical Information

Aya has implemented a quality control program to comply with best practices in sampling and analysis of drill core. Drill core samples were transported in sealed bags for analysis at Afrilab laboratory in Marrakech. Standards of different grades and blanks were inserted every 20 samples in addition to the standards, blanks and pulp duplicate inserted by Afrilab.

Qualified Person

The scientific and technical information contained in this press release have been reviewed by David Lalonde, B. Sc, Head of Exploration, Qualified Person, for accuracy and compliance with National Instrument 43-101.

About Aya Gold & Silver Inc.

Aya Gold & Silver Inc. is a rapidly growing, Canada-based silver producer with operations in the Kingdom of Morocco.

The only TSX-listed pure silver mining company, Aya operates the high-grade Zgounder Silver Mine and is exploring its properties along the prospective South-Atlas Fault, several of which have hosted past-producing mines and historical resources. Aya’s Moroccan mining assets are complemented by its Tijirit Gold Project in Mauritania, which is being advanced to feasibility.

Aya’s management team maximizes shareholder value by anchoring sustainability at the heart of its production, resource, governance, and financial growth plans.

Forward-Looking Statements

This press release contains certain statements that constitute forward-looking information within the meaning of applicable securities laws (“forward-looking statements”), which reflects management’s expectations regarding Aya’s future growth and business prospects (including the timing and development of new deposits and the success of exploration activities) and other opportunities. Wherever possible, words such as “confirm”, “remains”, “confidence”, “potential”, “complete”, “expect” “extend”, “belief”, and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might”, “will”, or are “likely” to be taken, occur or be achieved, have been used to identify such forward-looking information.  Specific forward-looking statements in this press release include, but are not limited to, statements and information with respect to the exploration and development potential of Boumadine and the advancement of and success of the exploration program at Boumadine , and timing for the release of the Company’s disclosure in connection with the foregoing. Although the forward-looking information contained in this press release reflect management’s current beliefs based upon information currently available to management and based upon what management believes to be reasonable assumptions, Aya cannot be certain that actual results will be consistent with such forward-looking information. Such forward-looking statements are based upon assumptions, opinions and analysis made by management in light of its experience, current conditions, and its expectations of future developments that management believe to be reasonable and relevant but that may prove to be incorrect. These assumptions include, among other things, the ability to obtain any requisite governmental approvals, the accuracy of Mineral Reserve and Mineral Resource Estimates (including, but not limited to, ore tonnage and ore grade estimates), silver price, exchange rates, fuel and energy costs, future economic conditions, anticipated future estimates of free cash flow, and courses of action. Aya cautions you not to place undue reliance upon any such forward-looking statements.

The risks and uncertainties that may affect forward-looking statements include, among others: the inherent risks involved in exploration and development of mineral properties, including government approvals and permitting, changes in economic conditions, changes in the worldwide price of silver and other key inputs, changes in mine plans (including, but not limited to, throughput and recoveries being affected by metallurgical characteristics) and other factors, such as project execution delays, many of which are beyond the control of Aya, as well as other risks and uncertainties which are more fully described in Aya’s 2022 Annual Information Form dated March 31, 2023, and in other filings of Aya with securities and regulatory authorities which are available on SEDAR at www.sedarplus.ca. Furthermore, Aya’s corporate update of May 28, 2020 regarding the materiality of its assets as well as to studies regarding non-material assets remains applicable as at the date hereof. Aya does not undertake any obligation to update forward-looking statements should assumptions related to these plans, estimates, projections, beliefs, and opinions change. Nothing in this document should be construed as either an offer to sell or a solicitation to buy or sell Aya securities. All references to Aya include its subsidiaries unless the context requires otherwise.

Appendix 1 – Full Drill Results from Boumadine (core lengths) 

DDH No.SectionZoneFrom
(m)
To
(m)
Au
(g/t)
Ag
(g/t)
Length*
(m)
Cu
(%)
Pb
(%)
Zn
(%)
Mo
(g/t)
 Ag Eq**
(g/t)
BOU-DD23-1708025NPara8.59.60.27451.10.00.00.81118
BOU-DD23-1998275NPara28.629.10.22350.50.00.20.4784
BOU-DD23-1998275NPara124.2125.40.25321.20.00.70.41100
BOU-DD23-1998275NPara154.9155.50.81510.60.00.56.25481
BOU-DD23-1998275NPara222.1224.31.38212.20.00.51.06222
BOU-DD23-1998275NMain255.0255.80.19120.80.00.51.0235112
BOU-DD23-1998275NPara340.6341.31.99230.70.10.30.64260
BOU-DD23-1998275NPara365.6366.10.33400.50.00.61.25154
BOU-DD23-1998275NPara380.6382.81.83252.20.00.23.311383
BOU-DD23-1998275NPara436.8437.40.76160.60.00.11.68180
BOU-DD23-1998275NPara441.4442.00.70320.60.00.32.712255
BOU-DD23-2048375NPara7.89.00.59321.20.00.30.57127
BOU-DD23-2048375NPara74.274.81.19280.60.00.40.912203
BOU-DD23-2048375NPara367.2368.50.54161.30.10.20.3197
BOU-DD23-2048375NMain373.8375.01.92681.20.30.20.61323
BOU-DD23-2048375NPara428.3429.92.38791.60.30.91.63460
BOU-DD23-2058850NMain118.7120.20.20601.50.02.44.815422
BOU-DD23-2058850NPara415.0415.90.56240.90.00.10.11085
BOU-DD23-2066100NNSR0.0207.00.000207.00.00.00.000
BOU-DD23-2076675NPara64.465.40.74161.00.00.10.11292
BOU-DD23-2076675NPara68.469.60.7381.20.00.10.2889
BOU-DD23-2076675NMain76.178.00.28441.90.10.10.1489
BOU-DD23-2076675NPara92.493.10.44190.70.10.10.1780
BOU-DD23-2076675NPara95.996.40.21320.50.10.30.2486
BOU-DD23-2076675NPara146.5148.71.36272.20.00.61.327249
BOU-DD23-2076675NPara356.4358.10.7081.70.00.10.0278
BOU-DD23-2076675NPara360.8362.70.8311.90.00.00.0682
BOU-DD23-2076675NPara365.1365.80.47200.70.00.10.0771
BOU-DD23-2076675NPara367.9369.00.66481.10.01.40.75192
BOU-DD23-2076675NPara370.0370.60.42330.60.00.42.95244
BOU-DD23-2076675NPara417.8418.40.18600.60.00.71.2198173
BOU-DD23-2076675NPara449.2449.80.56320.60.00.30.51124
BOU-DD23-2086675NPara119.4120.41.42291.00.10.20.15190
BOU-DD23-2086675NPara125.8126.80.65281.00.00.00.73132
BOU-DD23-2086675NMain129.9139.41.60359.50.20.10.435231
Including134.9139.42.51594.50.30.10.555367
BOU-DD23-2086675NPara239.0243.50.5194.50.00.00.1766
BOU-DD23-2086675NPara247.5248.50.6941.00.00.00.0272
BOU-DD23-2086675NPara250.5252.10.6591.60.00.00.1576
BOU-DD23-2096100NPara163.3165.60.69362.30.00.00.023107
BOU-DD23-2096100NMain170.5171.31.77650.80.10.10.335258
BOU-DD23-2096100NPara173.7174.21.68390.50.00.10.231214
BOU-DD23-2096100NPara213.5217.50.34724.00.00.90.857180
BOU-DD23-2096100NPara240.0240.50.21360.50.00.34.61316
BOU-DD23-2106100NPara221.8222.80.6381.00.00.00.06473
BOU-DD23-2106100NMain390.6391.60.1141.00.00.00.0718
BOU-DD23-2106100NPara575.6576.20.33160.60.00.10.1256
BOU-DD23-2106100NPara580.3581.40.6741.10.00.00.0168
BOU-DD23-2106100NPara585.6586.60.5581.00.00.00.0162
BOU-DD23-2119150NMain6.09.82.01993.80.04.30.017426
BOU-DD23-2119150NPara18.018.80.96440.80.00.30.013147
BOU-DD23-2119150NPara103.8104.90.03651.10.00.30.3395
BOU-DD23-2119150NPara140.6143.01.20262.40.00.21.06200
BOU-DD23-2126675NMain182.4183.40.99131.00.01.30.611181
BOU-DD23-2126675NPara189.4190.30.03610.90.10.10.621109
BOU-DD23-2136675NMain270.4271.50.03661.10.10.00.0277
BOU-DD23-2148850NPara146.6147.60.97121.00.00.30.523143
BOU-DD23-2148850NPara200.2201.20.14601.00.10.10.1888
BOU-DD23-2148850NMain214.0223.04.77619.00.10.10.25535
Including216.2221.56.61905.30.20.10.36749
BOU-DD23-2148850NPara224.0226.00.52102.00.00.00.3576
BOU-DD23-2148850NPara228.9229.42.13560.50.10.45.325571
BOU-DD23-2159150NPara39.640.80.48201.20.00.21.012125
BOU-DD23-2159150NMain179.9181.00.3511.10.00.10.5666
BOU-DD23-2159150NPara276.8277.60.46240.80.00.30.2388
BOU-DD23-2159150NPara280.1280.70.54390.60.00.10.11100
BOU-DD23-2159150NPara294.8297.61.38222.80.00.50.95217
BOU-DD23-2159150NPara307.3308.21.31290.90.00.10.08155
BOU-DD23-2166100NPara296.0297.20.5941.20.00.00.0162
BOU-DD23-2166100NPara299.6300.80.4741.20.00.00.0150
BOU-DD23-2166100NMain483.1485.51.25322.40.20.30.122194
BOU-DD23-2166100NPara531.9532.40.94600.50.15.21.33390
BOU-DD23-2166100NPara559.0559.80.51160.80.20.30.310110
BOU-DD23-2179150NPara47.248.40.6481.20.00.10.2783
BOU-DD23-2179150NPara220.4220.91.03390.50.10.67.819593
BOU-DD23-2179150NPara226.6227.80.94491.20.00.10.618174
BOU-DD23-2179150NMain232.9233.56.92580.60.11.02.87895
BOU-DD23-2179150NPara310.8312.21.49661.40.00.10.06214
BOU-DD23-2179150NPara313.2314.30.25241.10.00.10.0155
BOU-DD23-2179150NPara327.5328.02.02960.50.01.13.35502
BOU-DD23-2179150NPara337.3337.81.28840.50.00.10.09211
BOU-DD23-2188850NPara226.3227.10.86130.80.00.42.21226
BOU-DD23-2188850NPara238.6239.70.57121.10.00.10.4591
BOU-DD23-2188850NPara244.3247.514.72193.20.00.20.141,411
BOU-DD23-2188850NPara250.6251.60.5381.00.00.00.3176
BOU-DD23-2188850NPara252.6256.813.591154.20.10.10.131,409
BOU-DD23-2188850NPara257.8258.70.43280.90.00.10.1878
BOU-DD23-2188850NPara261.2275.11.223013.90.00.00.15153
Including272.3274.05.891191.70.20.10.113698
BOU-DD23-2188850NMain280.3286.19.21805.80.20.10.18978
Including280.3284.313.051084.00.30.10.281,377
BOU-DD23-2188850NPara290.0302.01.985812.00.10.10.28265
Including292.1297.43.501075.30.10.10.111459
BOU-DD23-2188850NPara303.0304.00.38121.00.00.00.6882
BOU-DD23-2188850NPara333.1334.30.0310261.20.00.00.011,031
BOU-DD23-2199150NPara278.6279.10.42440.50.00.40.19103
BOU-DD23-2199150NPara281.1282.21.78331.10.10.31.21282
BOU-DD23-2199150NPara286.3288.41.72692.10.10.10.04242
BOU-DD23-2199150NPara294.4299.01.19174.60.10.10.23152
BOU-DD23-2199150NPara309.1310.20.5441.10.00.00.0159
BOU-DD23-2199150NPara309.1311.30.5442.20.00.00.0258
BOU-DD23-2199150NPara312.4313.60.4911.20.00.00.0149
BOU-DD23-2199150NPara314.5315.60.5241.10.00.10.2265
BOU-DD23-2199150NPara325.0325.51.27120.50.00.10.01136
BOU-DD23-2199150NPara332.5334.50.65122.00.00.10.1181
BOU-DD23-2199150NPara337.1337.92.09270.80.11.05.11544
BOU-DD23-2199150NPara369.0370.00.33161.00.00.30.51283
BOU-DD23-2199150NMain371.9377.20.95175.30.00.10.56137
BOU-DD23-2206575NPara79.280.40.48161.20.00.71.699174
BOU-DD23-2206575NPara97.298.40.83281.20.00.11.169172
BOU-DD23-2206575NMain105.0115.91.779110.90.11.74.5133575
Including112.3114.76.262612.40.31.26.6161,275
BOU-DD23-2206575NPara120.0121.13.17681.10.10.30.384404
BOU-DD23-2206575NPara129.0130.10.4181.10.00.50.84105
BOU-DD23-2206575NPara133.4136.80.89763.40.32.57.07649
BOU-DD23-2216575NPara62.763.74.48111.00.00.00.01434
BOU-DD23-2216575NPara72.073.00.5341.00.00.10.0158
BOU-DD23-2216575NPara80.281.40.081261.20.10.10.04147
BOU-DD23-2216575NMain225.5239.01.071213.50.00.20.34136
BOU-DD23-2216575NPara345.0345.50.59200.50.00.30.412107
BOU-DD23-2229325NNSR0.1171.10.000171.00.00.00.000
BOU-DD23-2236525NMain131.6169.91.5331138.30.01.84.4101763
Including144.9155.92.3449411.00.11.93.936996
BOU-DD23-2236525NPara174.9176.81.451001.90.00.52.911410
BOU-DD23-2236525NPara188.4189.20.28200.80.00.10.8790
BOU-DD23-2236525NPara201.0202.00.15601.00.00.42.31211
BOU-DD23-2236525NPara216.0216.60.23430.60.01.13.68292
BOU-DD23-2236525NPara224.8226.40.29221.60.00.30.7196
BOU-DD23-2236525NPara227.5228.00.43940.50.01.80.78231
BOU-DD23-2236525NPara232.0233.00.40241.00.00.50.31695
BOU-DD23-2236525NPara239.5247.00.46947.50.00.20.735192
BOU-DD23-2236525NPara254.0254.90.45120.90.00.10.22468
BOU-DD23-2236525NPara262.7263.20.5480.50.00.10.0264
BOU-DD23-2246300NPara93.994.61.15200.70.00.20.316152
BOU-DD23-2246300NPara106.9108.80.90441.90.00.20.1151152
BOU-DD23-2246300NPara114.0114.90.5710.90.00.00.0256
BOU-DD23-2246300NPara159.0160.00.32231.00.00.20.5307102
BOU-DD23-2246300NMain161.0163.70.68892.70.01.30.6785275
BOU-DD23-2259325NPara41.943.40.37541.50.01.54.749400
BOU-DD23-2259325NPara47.453.71.44546.30.00.95.312508
Including50.853.72.88862.90.01.09.921927
BOU-DD23-2259325NPara68.270.20.65162.00.00.42.348215
BOU-DD23-2259325NMain73.277.42.70214.20.10.33.216465
Including75.277.44.72312.20.10.34.516738
BOU-DD23-2259325NPara79.380.70.34141.40.00.20.95104
BOU-DD23-2259325NPara83.184.02.54400.90.11.01.747409
BOU-DD23-2269325NPara175.9176.40.25520.50.03.94.52447
BOU-DD23-2269325NMain182.8186.71.26353.90.11.54.78466
Including184.5185.73.33531.20.11.89.514951
BOU-DD23-2269325NPara189.9190.41.69200.50.01.13.523407
BOU-DD23-2269325NPara197.0198.17.73471.10.30.50.58852
BOU-DD23-2279325NPara253.0254.00.2411.00.00.21.52113
BOU-DD23-2279325NMain259.7268.33.34188.60.10.10.56369
Including263.5268.35.42214.80.10.10.17545
BOU-DD23-2286300NPara43.044.00.03831.00.40.00.04138
BOU-DD23-2286300NPara185.2186.20.6641.00.00.00.0270
BOU-DD23-2286300NPara258.2260.80.55182.60.00.81.210159
BOU-DD23-2286300NMain267.2276.11.99818.90.01.03.459488
Including267.7273.03.091195.30.01.54.787715
BOU-DD23-2286300NPara277.1278.10.36121.00.00.20.4374
BOU-DD23-2286300NPara301.1302.10.38121.00.00.00.35372
BOU-DD23-2286300NPara308.7311.60.27352.90.00.50.53106
BOU-DD23-2286300NPara312.6313.60.27201.00.00.30.8199
BOU-DD23-2286300NPara314.6315.40.52200.80.00.31.72169
BOU-DD23-2286300NPara319.3325.00.36235.70.00.10.3880
BOU-DD23-2286300NPara330.1331.81.07201.70.00.00.05125
BOU-DD23-2286300NPara333.5334.50.58271.00.00.00.01486
BOU-DD23-2286300NPara356.4357.00.75160.60.10.00.1396
BOU-DD23-2286300NPara364.0365.53.3171.50.10.00.06328
BOU-DD23-2286300NPara380.5381.00.51200.50.00.30.1686
BOU-DD23-2296525NPara84.085.00.40111.00.10.31.17130
BOU-DD23-2296525NPara87.889.40.33271.60.00.51.824179
BOU-DD23-2296525NPara90.391.20.24240.90.10.51.122133
BOU-DD23-2296525NPara92.193.00.38160.90.00.50.6397
BOU-DD23-2296525NPara102.2103.20.6751.00.00.20.31492
BOU-DD23-2296525NPara111.9116.01.601754.10.11.97.3259810
BOU-DD23-2296525NPara119.3120.31.32151.00.00.11.444221
BOU-DD23-2296525NPara141.4142.40.48161.00.00.30.44898
BOU-DD23-2296525NPara153.4153.91.02640.50.00.00.019166
BOU-DD23-2296525NPara162.9163.40.201030.50.08.51.15452
BOU-DD23-2296525NPara257.4258.40.03851.00.00.00.0295
BOU-DD23-2296525NMain306.0306.70.88230.70.00.10.59134
BOU-DD23-2306575NPara143.4145.40.84222.00.10.10.16116
BOU-DD23-2306575NPara157.4158.40.51121.00.00.20.638102
BOU-DD23-2306575NPara162.9163.80.26240.90.00.00.12359
BOU-DD23-2306575NMain166.6184.22.6424717.60.31.27.786991
Including177.6181.32.916513.70.13.211.51061,662
BOU-DD23-2306575NPara188.2202.32.789714.10.20.46.531755
BOU-DD23-2315375NPara521.7522.70.13331.00.00.40.4979
BOU-DD23-2315375NPara571.3572.30.54281.00.00.30.12492
BOU-DD23-2315375NPara574.3575.20.34200.90.00.50.1876
BOU-DD23-2315375NMain582.0585.70.961103.70.00.62.4339371
BOU-DD23-2315375NPara589.0592.01.1183.00.00.10.4121147
BOU-DD23-2315375NPara596.0597.00.5411.00.00.00.0654
BOU-DD23-2315375NPara609.3609.81.252510.50.12.62.72863774
BOU-DD23-2315375NPara610.8611.80.33241.00.00.20.130184
BOU-DD23-2327825NPara320.4321.40.31231.00.01.12.135205
BOU-DD23-2327825NPara420.0421.00.79161.00.00.20.66130
BOU-DD23-2327825NMain426.4431.83.91185.40.10.10.12402
Including426.4427.710.72491.30.20.10.221,092
BOU-DD23-2327825NPara438.8439.80.48281.00.00.41.28153
BOU-DD23-2327825NPara521.3522.03.56200.70.10.10.14378
BOU-DD23-2327825NPara532.6534.01.78221.40.10.31.23268
BOU-DD23-2327825NPara596.8597.80.03601.00.00.00.0365
BOU-DD23-2336525NNSR0.076.50.00076.50.00.00.000
BOU-DD23-2346575NPara308.6309.60.7511.00.00.71.83192
BOU-DD23-2346575NMain310.6317.31.40196.70.10.34.51407
Including315.0316.34.78411.30.20.418.421,518
BOU-DD23-2346575NPara322.2323.10.40240.90.00.30.79112
BOU-DD23-2346575NPara324.0324.72.12200.70.00.30.27240
BOU-DD23-2346575NPara363.7364.70.57121.00.00.20.2182
BOU-DD23-2346575NPara407.6408.60.5311.00.00.10.0356
BOU-DD23-2356525NMain382.3384.30.39812.00.30.30.35179
BOU-DD23-2366300NMain343.5345.51.41162.00.00.13.33330
BOU-DD23-2366300NPara357.3358.30.34121.00.00.10.31566
BOU-DD23-2366300NPara394.1395.10.4581.00.00.10.1360
BOU-DD23-2366300NPara437.8438.80.03511.00.40.20.05109
BOU-DD23-2366300NPara479.2480.20.42121.00.10.10.12478
BOU-DD23-2366300NPara553.5554.50.23431.00.00.10.1473
BOU-DD23-2377825NMain373.1374.82.92251.70.00.40.62349
BOU-DD23-2377825NPara377.8379.80.68162.00.00.31.13149
BOU-DD23-2377825NPara469.0469.54.54310.50.10.21.47556
BOU-DD23-2377825NPara475.5476.50.33161.00.00.20.7893
BOU-DD23-2387825NPara65.066.70.5441.70.00.10.8699
BOU-DD23-2387825NPara72.173.01.0410.90.00.00.12107
BOU-DD23-2387825NPara216.0217.81.59471.80.13.73.510517
BOU-DD23-2387825NPara301.0302.00.5811.00.00.10.5288
BOU-DD23-2387825NPara307.0309.01.34182.00.11.32.73335
BOU-DD23-2387825NMain312.3315.71.32113.40.00.10.22151
BOU-DD23-2387825NPara403.4403.91.08120.50.00.40.23137
BOU-DD23-2387825NPara428.7429.70.07391.00.00.10.2560
BOU-DD23-2396575NPara135.8136.80.4181.00.00.00.0349
BOU-DD23-2396575NPara137.8138.90.10361.10.10.10.0255
BOU-DD23-2396575NPara450.7451.70.4841.00.00.00.0552
BOU-DD23-2396575NPara453.7454.70.7841.00.00.10.0182
BOU-DD23-2406525NPara335.6336.60.62201.00.00.31.23154
BOU-DD23-2406525NPara337.6338.60.81161.00.00.20.28111
BOU-DD23-2406525NMain432.2433.00.03450.80.10.60.0375
BOU-DD23-2416300NPara497.0498.00.15361.00.00.10.0455
BOU-DD23-2416300NPara507.5509.00.61261.50.00.10.02694
BOU-DD23-2416300NMain528.3532.10.93123.80.10.10.03113
BOU-DD23-2416300NPara554.8555.40.39240.60.00.20.1572
BOU-DD23-2416300NPara565.1566.13.82361.00.30.00.223449
BOU-DD23-2416300NPara570.0571.00.31161.00.00.10.1653
BOU-DD23-2416300NPara572.0575.00.7373.00.00.30.46107
BOU-DD23-2416300NPara590.2592.01.0781.80.00.10.87158
BOU-DD23-2416300NPara747.6748.40.64280.80.10.50.94160
BOU-DD23-2416300NPara753.9754.50.5080.60.00.10.1365
BOU-DD23-2427825NPara96.497.20.5110.80.00.10.7393
BOU-DD23-2427825NPara173.9174.70.37120.80.00.30.3372
BOU-DD23-2427825NPara178.2179.20.4181.00.00.20.2662
BOU-DD23-2427825NPara197.2198.20.8141.00.00.10.2197
BOU-DD23-2427825NMain277.2278.71.04151.50.00.10.23129
BOU-DD23-2427825NPara281.5282.01.86200.50.00.10.22207
BOU-DD23-2427825NPara371.7372.70.5341.00.00.20.94107
BOU-DD23-2427825NPara375.6376.61.52361.00.10.45.89515
BOU-DD23-2437650NPara85.886.80.031261.00.00.10.48154
BOU-DD23-2437650NPara107.0108.00.06431.00.13.80.03179
BOU-DD23-2437650NPara234.9235.40.44200.50.11.12.88260
BOU-DD23-2437650NPara236.3236.80.48590.50.13.71.12291
BOU-DD23-2437650NMain493.0494.00.4781.00.00.10.51283
BOU-DD23-2437650NPara624.8625.53.0740.70.00.40.65337
BOU-DD23-2446450NPara47.448.10.28200.70.00.20.61386
BOU-DD23-2446450NPara52.753.50.64390.80.00.10.112112
BOU-DD23-2446450NPara64.070.41.06496.40.00.72.0131287
BOU-DD23-2446450NPara72.673.50.39160.90.00.72.222194
BOU-DD23-2446450NPara74.476.20.47341.80.00.32.398221
BOU-DD23-2446450NPara79.280.20.5841.00.00.41.34144
BOU-DD23-2446450NPara81.283.20.4082.00.00.20.6688
BOU-DD23-2446450NPara87.988.71.401260.80.02.09.168821
BOU-DD23-2446450NPara102.1103.60.50451.50.00.63.074280
BOU-DD23-2446450NPara105.5106.40.38520.90.00.52.531240
BOU-DD23-2446450NPara112.8120.60.71627.80.00.21.3196216
BOU-DD23-2446450NPara125.6126.11.87160.50.00.10.337214
BOU-DD23-2446450NPara131.9132.80.33240.90.00.31.164129
BOU-DD23-2446450NPara134.6145.40.414110.80.00.81.2361190
Including138.00.70901.70.01.93.5866456
BOU-DD23-2446450NMain148.5155.10.52566.60.00.92.6298295
Including150.5152.11.191871.60.02.59.0946925
BOU-DD23-2446450NPara172.0172.50.58290.50.00.61.77198
BOU-DD23-2446450NPara173.4174.20.27280.80.00.30.2878
BOU-DD23-2456450NPara106.0111.00.05175.01.50.41.570312
BOU-DD23-2456450NPara146.4149.40.34323.00.00.21.529153
BOU-DD23-2456450NPara157.4159.60.50862.20.01.53.4161377
BOU-DD23-2456450NPara179.4180.40.35241.00.00.60.4698
BOU-DD23-2456450NPara184.4185.40.46441.00.00.10.29105
BOU-DD23-2456450NMain198.4206.50.731228.10.02.34.768524
Including198.4200.21.832991.80.14.813.12691,355
BOU-DD23-2456450NPara213.5214.50.64201.00.00.20.67117
BOU-DD23-2456450NPara217.5226.50.8669.00.00.30.32112
BOU-DD23-2467650NPara46.648.90.56382.30.10.30.78145
BOU-DD23-2467650NPara50.954.00.26313.10.10.10.2775
BOU-DD23-2467650NPara138.4139.90.66121.50.00.71.03156
BOU-DD23-2467650NMain383.2384.20.081961.00.01.60.22265
BOU-DD23-2467650NPara554.9556.31.21161.40.10.20.14153
BOU-DD23-2467650NPara617.8618.80.99241.00.00.30.73167
BOU-DD23-2476450NPara38.742.30.03133.60.81.41.138230
BOU-DD23-2476450NPara104.2105.21.1341.00.10.00.016119
BOU-DD23-2476450NMain254.0257.50.75483.50.00.20.644159
BOU-DD23-2476450NPara261.9262.60.33450.70.00.52.75242
BOU-DD23-2486450NPara261.0262.00.03551.00.10.00.0171
BOU-DD23-2486450NPara322.0323.00.37241.00.00.10.1267
BOU-DD23-2486450NMain329.5335.45.94595.90.11.08.8231,136
BOU-DD23-2495800NPara346.9347.71.68280.80.00.00.323202
BOU-DD23-2495800NPara357.4358.00.4610.60.00.00.0247
BOU-DD23-2495800NPara400.0400.90.64310.90.10.10.28115
BOU-DD23-2495800NPara477.7479.50.91291.80.00.10.010124
BOU-DD23-2495800NPara480.5481.50.4681.00.00.00.0857
BOU-DD23-2495800NPara517.8524.30.62196.50.00.10.21098
BOU-DD23-2495800NPara532.4532.90.73320.50.10.10.026118
BOU-DD23-2495800NPara557.3558.30.4781.00.00.10.11459
BOU-DD23-2495800NPara559.3561.61.16122.30.00.10.013132
BOU-DD23-2495800NPara590.1590.90.42120.80.10.20.11883
BOU-DD23-2495800NPara593.7594.20.52320.50.10.30.29115
BOU-DD23-2495800NMain598.7601.84.19483.10.10.12.512587
BOU-DD23-2495800NPara603.7605.70.31182.00.00.10.0952
BOU-DD23-2495800NPara606.7607.70.35121.00.10.00.0353
BOU-DD23-2495800NPara609.7610.70.6941.00.00.10.0274
BOU-DD23-2495800NPara647.3651.50.98104.20.00.10.22118
BOU-DD23-2495800NPara658.1658.70.5280.60.00.00.0360
BOU-DD23-2495800NPara693.1695.52.18572.40.00.77.310680
BOU-DD23-2495800NPara714.3718.50.55154.20.10.20.53107
BOU-DD23-2495800NPara725.5727.50.44122.00.10.40.1281
BOU-DD23-2495800NPara747.6748.21.15600.60.10.20.19196
BOU-DD23-2495800NPara747.6748.80.85381.20.10.20.233148
BOU-DD23-2505800NPara221.0222.00.6211.00.00.00.0261
BOU-DD23-2505800NPara226.0228.00.8142.00.00.10.0585
BOU-DD23-2505800NPara229.0230.00.5811.00.00.00.0358
BOU-DD23-2505800NPara236.7239.73.3413.00.00.00.05316
BOU-DD23-2505800NPara326.8327.80.71401.00.00.10.082116
BOU-DD23-2505800NPara373.7374.70.4581.00.00.00.0554
BOU-DD23-2505800NMain377.7384.01.44496.30.10.10.512225
BOU-DD23-2505800NPara411.0411.90.31240.90.00.00.11862
BOU-DD23-2505800NPara420.1421.10.22361.00.00.42.220192
BOU-DD23-2505800NPara448.8455.51.02256.70.10.10.412155
BOU-DD23-2505800NPara508.9509.50.67320.60.20.10.05121
BOU-DD23-2516450NPara262.0263.00.03441.00.00.00.0149
BOU-DD23-2516450NPara278.6279.40.03510.80.00.00.01259
BOU-DD23-2516450NMain345.9355.32.66329.40.00.24.414531
Including346.4348.87.99912.40.10.315.8191,719
BOU-DD23-2516450NPara431.4432.16.651390.70.40.10.01818
BOU-DD23-2516450NPara439.1439.80.50240.70.10.10.0182
BOU-DD23-2525800NMain204.5207.40.63582.90.00.71.1230210
BOU-DD23-2525800NPara258.0261.00.041643.00.00.10.12179
BOU-DD23-2537650NPara203.0204.01.011061.00.70.40.14312
BOU-DD23-2537650NMain281.0283.50.52242.50.00.30.51110
BOU-DD23-2547650NPara162.1162.70.62240.60.00.31.26158
BOU-DD23-2547650NPara220.9221.50.53160.60.12.62.65306
BOU-DD23-2547650NMain241.4243.45.63612.00.30.21.46703
BOU-DD23-2547650NPara269.3270.10.51120.80.10.30.53101
*     True width remains undetermined at this stage; all values are uncut.
**   Ag equivalent is based on a 100% recovery with the following ratio; 1 g/t Au: 93.4 g/t Ag; 1% Cu: 130.4 Ag; 1% Pb: 31.8 Ag;
       1% Zn: 54.1 Ag.

Appendix 2 – New Drillhole Coordinates of 2023 Boumadine Exploration Program (completed holes)

DDH No.EastingNorthingElevationAzimuthDipLength (m)
BOU-DD23-245317 1123 474 6491 27070-50252.4
BOU-DD23-246317 4563 476 0551 215250-50640.1
BOU-DD23-247317 0713 474 6351 26570-50348.7
BOU-DD23-248317 0343 474 6211 26170-50400.9
BOU-DD23-249317 2023 473 9921 27070-50768.0
BOU-DD23-250317 2853 474 0221 26270-50515.0
BOU-DD23-251316 9973 474 6091 25970-50465.4
BOU-DD23-252317 3593 474 0491 26870-50368.4
BOU-DD23-253317 3873 476 0311 217250-50515.6
BOU-DD23-254317 3153 476 0061 221250-50433.5
BOU-DD23-255317 4313 474 0751 27770-50211.7
BOU-DD23-256317 6263 473 7231 27870-50400.6
BOU-DD23-257315 1533 476 0301 283270-50211.0
BOU-DD23-258315 4073 476 0301 263270-50584.0
BOU-DD23-259317 9493 477 0491 195135-50370.0
BOU-DD23-260314 7393 478 1501 228290-50204.2
BOU-DD23-261315 1983 476 0301 288270-50150.5
BOU-DD23-262314 8213 478 1201 230290-50366.2
BOU-DD23-263317 8913 477 1081 193135-50427.1
BOU-DD23-264317 8343 477 1601 192135-50564.1
BOU-DD23-265317 1823 477 2441 205250-50609.7
BOU-DD23-266315 2383 476 0301 283270-50162.0
BOU-DD23-267314 5693 477 9991 239110-50219.7
BOU-DD23-268315 3243 476 0301 270270-50159.3
BOU-DD23-269315 2813 476 0301 277270-50207.1
BOU-DD23-270317 0663 477 5111 201250-50710.0
BOU-DD23-271314 9063 478 0891 235290-50498.2
BOU-DD23-272315 3103 477 7631 278270-50189.4
BOU-DD23-273317 1093 477 5271 200250-50176.8
BOU-DD23-274317 1523 477 5431 200250-50246.0
BOU-DD23-275314 4993 478 0241 231110-50307.3
BOU-DD23-276315 3503 477 7631 276270-50200.9
BOU-DD23-277315 3923 477 7631 273270-50275.7
BOU-DD23-278317 1943 477 5581 198250-50284.8
BOU-DD23-279315 4403 477 7631 278270-50243.9
BOU-DD23-280315 4823 477 7631 276270-50288.1
BOU-DD23-281314 4323 478 0491 221110-50449.8
BOU-DD23-282315 5223 477 7631 268270-50500.6

SOURCE Aya Gold & Silver Inc