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.
© 2024 Canjex Publishing Ltd. All rights reserved.