African Mining Network

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AMN - MOROCCO: All Boumâadine holes intersect sulphide

Maya Gold & Silver's drilling program at the Boumâadine polymetallic deposit in Morocco continues to deliver positive results. All verification holes to date have intersected polymetallic sulphide mineralisation.

In spite of severe weather conditions affecting exploration operations, the company had completed 1756.9 metres of drilling as of February 26, 2018.

The intersections are very close to the scheduled target depth planned by GoldMinds Geoservices' model projection. The core is being logged and sampled with a half core sample being sent to an independent laboratory.

Due to hazardous road conditions in the last months, the decision was made to postpone assaying and send the mineralised intersections in batches.

Maya's president and CEO Noureddine Mokaddem said: "The drill holes at Boumâadine are encouraging as they intersect the mineralisation.

"We will have to wait for the assay results to better evaluate our success.

"The severe weather conditions in the area with snow and heavy rains will have the benefit of filling the aquifers for agriculture as well as for exploration and processing purposes.

The Boumâadine Agreement is a joint venture with L'Office National des Hydrocarbures et des Mines (ONHYM), whereby Maya will acquire 85% of the deposit in the Anti-Atlas Mountains of eastern Morocco.

ONHYM has awarded Boumâadine to Maya after evaluating international tenders.

The deposit has an historical estimate of 4.096 million tonnes grading 3.8% zinc, 1.5% lead, 200 g/t silver (23.9 million ounces) and 3.50 g/t gold (418,000 ounces).

There is also the potential for resources expansion within the 32sqkm property.

The mine produced from 1964 to 1989.