Apr 22 2015
Maya Gold & Silver Inc. ("Maya" or the "Corporation") is pleased to announce the commencement of 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 (the "Private Placement") of $1,200,000 for the sole and exclusive purpose of completing a minimum 13-hole drilling program comprising a minimum of 4300 meters at its Zgounder Silver Mine in Morocco. The program has now been extended to 6000 meters.
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 meters long and 100 meters wide with a vertical depth of 275 meters. "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, CEO 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 NI 43-101 standards.
ABOUT MAYA
Maya Gold & Silver Inc. is a Canadian listed mining corporation focused on the exploration and development of gold and silver deposits in Morocco. Maya is initiating mining and milling operations at its Zgounder Mine. Zgounder Millenium Silver Mining ("ZMSM"), the 85% owned joint venture with l'Office National des Hydrocarbures et des Mines ("ONHYM") of the Kingdom of Morocco (15%).
For further information on Maya, visit www.mayagoldsilver.com