Feb 10 2016
Maya Gold & Silver Inc. ("Maya" or the "Corporation") is pleased to report production of 52,086 ounces (1620 Kg) during the month of January 2016 at its Zgounder silver mine in Morocco. This represents the second consecutive monthly production record at Zgounder, an increase of more than 9% from December's previous record output of 47,676 ounces.
January 2016 Operational Highlights
- 52,086 ounces (1620 Kg) of silver ingots produced from a total 5161 tonnes (dry material) with an average head grade of 377 g/t Ag during the period;
- Recovery rate of 83.26% was achieved, an increase of 16% compared with the previous month
"We have recently made significant improvements at the mill which has helped lift recovery rates. For the second consecutive month, we are pleased to report that we have been extracting ore and mineralized material from known panels at known grades. We foresee that the mine will be able to sustain this increased level of production and output throughout 2016" said Noureddine Mokaddem, President of Maya.
Panel 9 - An untapped high grade zone
Note that during the month of January, approximately 16% (888 tonnes of 5600 tonnes - wet material) of the ore and mineralized material extracted from the mine came from Panel 9 and averaged 739 g/t Ag. Ore and mineralized materiel were also extracted from six other panels at level 2000.
| Underground Workings |
Level |
Tonnage
(T) |
Average
Grade Ag (g/t) |
| Panel 9 |
2000 |
888 |
739 |
| Extrême EST |
2000 |
208 |
258 |
| C0RPS B |
2000 |
1328 |
280 |
| Centre Nord |
2000 |
432 |
257 |
| Corps D |
2000 |
96 |
300 |
| Corps C |
2000 |
2648 |
364 |
| Total |
|
5600 |
390 |
A map is available at the following address: http://media3.marketwire.com/docs/1039218.pdf
Qualified Persons
The technical content of this news release has been provided by Zgounder Millenium Silver Mining 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%)