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Maya Gold & Silver Inc
Symbol MYA
Shares Issued 127,403,473
Close 2015-04-20 C$ 0.22
Market Cap C$ 28,028,764
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Maya Gold starts drilling at Zgounder

2015-04-21 09:58 ET - News Release

Mr. Guy Goulet reports

MAYA GOLD & SILVER TO START DRILLING AT ZGOUNDER

Maya Gold & Silver Inc. has commenced the 2015 spring drilling program at its Zgounder silver mine in Morocco.

As previously announced on March 23, 2015, the corporation closed a non-brokered private placement of $1.2-million for the sole and exclusive purpose of completing a minimum 13-hole drilling program comprising a minimum of 4,300 metres at its Zgounder silver mine in Morocco. The program has now been extended to 6,000 metres.

The objective of the surface drilling program are threefold:

  • Validate widespread mineralization hypothesis across known deposit;
  • Explore lateral extension of the deposit to the north and the east;
  • Explore extension at depth of the deposit.

The current known resource is contained in a zone 750 metres long and 100 metres wide with a vertical depth of 275 metres. "We are confident this drilling campaign will provide a lot more information on the potential extensions of the known mineralized structures and others," said Guy Goulet, chief executive officer of Maya Gold & Silver.

Assay results from the diamond drilling will be published as they come available.

Qualified persons

The technical content of this news release has been provided by Maya Gold & Silver and has been reviewed and approved by Claude Duplessis from Goldminds Geoservices, independent qualified person under National Instrument 43-101 standards.

We seek Safe Harbor.

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