AMN - MOROCCO: Positive Azegour sampling results

Maya Gold and Silver has received positive results for a variety of metals, including copper, zinc, germanium and tungsten in surface and underground sampling at the Azegour property in the Kingdom of Morocco. The results are expected to help inform the first phase of drilling, which is expected to begin shortly.

Maya's geological team accompanied by independent consultant GoldMinds conducted an exploration program at Azegour in the area of a historical mine. A total of 30 samples were collected from the surface and accessible underground drifts and sent to Afrilab laboratory at Marrakech in Morocco for assaying.

The assay results show a high content of copper over 1.3% in five samples with a maximum of 13.75% from a sample taken at level 1488. Two samples taken from two different drifts show more than 2.5% zinc with a maximum of 3.64%. For germanium five samples show more than 20ppm with a maximum of 118ppm at level GR1390. Three samples give more than 5000ppm of tungsten with a maximum of 1.07%.

At this stage of work, the grab samples do not allow identification of mineralisation true width with additional work required to assess the extent.

Maya is starting a detailed exploration program in the different accessible levels including detailed mapping of the mineralised structures, channel sampling and systematic sampling of the mineralised structures.

This work will allow targets identification. Those targets will be drilled first from the drifts using T23/T28 percussion hammers. The overall results will enable the initiation of the first surface diamond drilling program to validate the mineralised panels and also to test new zones outside the historical resources.

Maya will start in the coming days the realisation of a detailed topographic survey (digital elevation model) of the property using the drone. Maya is also negotiating with a consultant for the use of an appropriate geophysical method to Azegour property.

Maya's founder, chairman and CEO Noureddine Mokaddem said: "The positive results of our first exploration program show the potential of Azegour property that will add value to the company.

"Ongoing geological mapping is increasing our confidence level on the deposit and will inform the plan of the upcoming first phase drilling program, which is planned to start shortly."

The Azegour property is in the Tizguine-Amizmiz-Azegour area, High Atlas Occidental, Province of Marrakech. The property is 54km NNE from the town of Marrakech and 7.2km WSW from the town of Amizmiz. The exploitation licence covers an area of 16sqkm.

Maya Gold & Silver is operating mining and milling operations at its Zgounder Mine, an 85%-15% split ownership between its subsidiary, ZMSM, and the ONHYM of the Kingdom of Morocco.

Its portfolio also includes the Boumadine polymetallic deposit in the Anti-Atlas Mountains of Eastern Morocco. The property is also a joint venture with ONHYM, whereby Maya retains 85% ownership.

The portfolio also includes the Amizmiz and Azegour properties, both being 100%-owned, with gold, tungsten, molybdenum and copper deposits covering over 100 square kilometres in a historical mining district.

www.mayagoldsiver.com