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Aya Gold & Silver Confirms Discovery of Parallel Zones and Extends High-Grade Mineralization at Boumadine

14.02.2023 | CNW

Aya Gold & Silver Confirms Discovery of Parallel Zones and Extends High-Grade Mineralization at Boumadine

MONTREAL, Feb. 14, 2023 - Aya Gold & Silver Inc. (TSX: AYA) (OTCQX: AYASF) ("Aya" or the "Corporation") is pleased to announce new high-grade exploration drill results, which confirm the extension of mineralization by 20% south of the main mineralized trend and confirm the discovery of several parallel structures at Boumadine, in the Kingdom of Morocco.

Key Highlights¹

Definition of new mineralization and extension of the South Zone. The main mineralized trend, which now extends over 3.2 kilometres ("km"), is open at both ends along strike and at depth.

BOU-DD22-080 intercepted 2,715 g/t silver equivalent ("AgEq") over 1.40m (2.86 g/t Au, 1,717 g/t Ag, 9.6% Zn, 3.5% Pb and 0.7% Cu)
BOU-DD22-041 intercepted 609 g/t AgEq over 3.6m (4.02 g/t Au, 101 g/t Ag, 0.5% Zn, 2.5% Pb and 0.2% Cu) and 664 g/t AgEq over 1.70m (5.08 g/t Au, 106 g/t Ag, 0.8% Zn, 0.5% Pb and 0.2% Cu)
BOU-DD22-053 intercepted 736 g/t AgEq over 2.2m (6.24 g/t Au, 41 g/t Ag, 1.4% Zn, 1.0% Pb and 0.02% Cu)
BOU-DD22-050 intercepted 276 g/t AgEq over 9.5m (1.11 g/t Au, 94 g/t Ag, 1.0% Zn, 0.4% Pb and 0.1% Cu) including 3.9m at 431 g/t AgEq
BOU-DD22-077 intercepted 385 grams per tonne ("g/t") AgEq over 6.6 metres ("m") (3.22 g/t Au, 26 g/t Ag, 0.7% Zn, 0.5% Pb and 0.03% Cu) including 1.2m at 1,037 g/t AgEq

18,335m of drilling completed as of December 31, 2022, for a total of 86 diamond drill holes ("DDH")
Extension of the main mineralized trend to the south, extending mineralization to over 3.2 km of strike length, and remaining open in all directions
Confirmation of a satellite mineralization body at Tizi, and discovery of new parallel structures along the main trend
Currently, three rigs are drilling at Boumadine as part of the 36,000m program planned for 2023

_________________________________

¹ All intersections are in core lengths; Ag equivalent is based on a 100% recovery with the following ratios calculated with September 7, 2022, prices: 1g/t Au: 93.4 g/t Ag; 1% Cu: 130.4 g/t Ag; 1% Pb: 31.8 g/t Ag; 1% Zn: 54.1 g/t Ag

"We are excited with these drill results at Boumadine, which extend mineralization by 20% to over 3.2 kilometres and confirm the existence of parallel zones that significantly increase the potential to add high-grade ounces," said Benoit La Salle, President & CEO. "The 2023 drill exploration program has nearly doubled in size over last year's program, with the objective of extending the main mineralized trend to the south and delineating the known mineralization to deliver a resource statement over the next 12 months."

Table 1 - Significant Intercepts from 2022 Boumadine Drill Exploration Program (core lengths)

DDH No.	Section	From (m)	To (m)	Au (g/t)	Ag (g/t)	Length* (m)	Cu (%)	Pb (%)	Zn (%)	Mo (g/t)	Ag Eq** (g/t)
BOU-DD22-040	Central North	66.0	68.0	3.77	88	2.0	0.0	1.7	10.1	30	1,045
BOU-DD22-040	Central North	185.2	185.9	6.58	361	0.7	0.9	0.7	1.0	7	1,172
BOU-DD22-041	Central North	208.7	212.3	4.02	101	3.6	0.2	2.5	0.5	2	609
BOU-DD22-041	Central North	224.2	225.9	5.08	106	1.7	0.2	0.5	0.8	5	664
BOU-DD22-045	North	62.7	65.7	0.92	111	3.0	0.0	0.1	0.4	13	226
BOU-DD22-047	North	176.0	177.1	1.61	350	1.1	0.3	2.5	1.3	3	689
BOU-DD22-049	North	38.5	41.7	0.54	117	3.2	0.0	0.4	0.2	9	192
BOU-DD22-050	North	104.5	114.0	1.11	94	9.5	0.1	0.4	1.0	10	276
Including		105.6	109.5	2.16	191	3.9	0.1	0.2	0.3	10	431
BOU-DD22-053	Tizi North	51.8	54.0	6.24	41	2.2	0.0	1.0	1.4	3	736
Including		51.8	52.4	19.99	67	0.6	0.0	1.7	2.2	4	2,115
BOU-DD22-054	Tizi North	52.8	56.1	0.43	67	3.3	0.0	0.5	1.2	3	188
BOU-DD22-062	North	154.5	155.8	2.45	39	1.3	0.1	0.6	0.6	21	329
BOU-DD22-077	South 5	521.0	527.6	3.22	26	6.6	0.0	0.5	0.7	17	385
Including		523.4	524.6	8.73	62	1.2	0.0	0.6	2.5	44	1,037
BOU-DD22-078	Central 1	304.6	310.3	0.83	29	5.7	0.0	0.9	1.7	9	231
Including		304.6	306.5	1.29	62	1.9	0.1	2.3	4.3	8	499
BOU-DD22-080	Central-South	202.9	210.0	0.85	420	7.1	0.2	0.8	2.9	105	707
Including		208.6	210.0	2.86	1717	1.4	0.7	3.5	9.6	28	2,715
BOU-DD22-082	Central-South	322.9	324.6	1.62	36	1.7	0.1	0.7	0.8	7	261
BOU-DD22-083	Central-South	159.6	169.6	0.58	21	10.0	0.0	0.5	0.8	12	142

* True width remains undetermined at this stage; all values are uncut.

** Ag equivalent is based on a 100% recovery with the following ratio: 1 g/t Au: 93.4 g/t Ag; 1% Cu:130.4 Ag; 1% Pb: 31.8 Ag;
1% Zn: 54.1 Ag.

2022 Exploration Results and 2023 Drilling Programs

The 2022 drill exploration program at Boumadine completed 86 DDH for a total of 18,335m (Appendix 2). The drilling was completed on five targets: Central, South, Imariren, Tizi and the Southwest Zones (Figure 1).

All of the 2022 drilling results have been received except for hole BOU-DD22-086 (Table 1 and Appendix 1). Figures 5 to 8 present each of the sections drilled along the main trend, its significant results, and geological interpretation.

Results from the second phase of drilling along the main trend, both north (BOU-DD22-041and BOU-DD22-050) and south (BOU-DD22-077), extend the known mineralization to over 3.2 km strike length which remains open in all directions. Drilling to date also confirms discovery of parallel structures as shown by significant intersects, including BOU-DD22-078 and BOU-DD22-083. A mineralized satellite zone was also confirmed at Tizi.

The mineralization consists generally of 1m to 4m widths (locally reaching over 10m width) N340- oriented massive sulfide lenses/veins sharply dipping eastward (> 70°). The massive sulphide veins (>80%) are composed mainly of pyrite, with variable proportions of sphalerite, galena, and chalcopyrite.

In 2023, Aya intends to complete a 36,000m drill program, of which 21,000m will be allocated to delineation drilling along the main trend with the aim of building a resource (Figure 2). The remaining 15,000m will target new zones as well as extensions of the main trend along strike and at depth. The new 3D interpretation and model of the VTEM survey (Figure 3) will allow the Corporation to clearly follow the conductive anomaly, in addition to directly helping the exploration and the delineation programs.

Next Steps

The 36,000m drilling program is expected to be completed by mid 2023. The relogging and resampling of historic drill holes is ongoing for expected completion this year. Aya expects to use both data in estimating an NI 43-101-compliant resource update within the next 12 months. In addition, detailed surface mapping of the area is ongoing and is expected to be completed in the first half of this year.

Technical Information

Aya has implemented a quality control program to comply with best practices in sampling and analysis of drill core. Drill core samples were transported in sealed bags for analysis at Afrilab laboratory in Marrakech. Standards of different grades and blanks were inserted every 20 samples in addition to the standards, blanks and pulp duplicate inserted by Afrilab.

Qualified Person

The scientific and technical information contained in this press release have been reviewed by David Lalonde, B. Sc, Head of Exploration, Qualified Person, for accuracy and compliance with National Instrument 43-101.

About Aya Gold & Silver Inc.

Aya Gold & Silver Inc. is a rapidly growing, Canada-based silver producer with operations in the Kingdom of Morocco.

The only TSX-listed pure silver mining company, Aya operates the high-grade Zgounder Silver Mine and is exploring its properties along the prospective South-Atlas Fault, several of which have hosted past-producing mines and historical resources. Aya's Moroccan mining assets are complemented by its Tijirit Gold Project in Mauritania, which is being advanced to feasibility.

Aya's management team maximizes shareholder value by anchoring sustainability at the heart of its production, resource, governance, and financial growth plans.

For additional information, please visit Aya's website at www.ayagoldsilver.com or contact:

Forward-Looking Statements

This press release contains certain statements that constitute forward-looking information within the meaning of applicable securities laws ("forward-looking statements"), which reflects management's expectations regarding Aya's future growth and business prospects (including the timing and development of new deposits and the success of exploration activities) and other opportunities. Wherever possible, words such as " promising", "extend", "confirm", "belief", "potential", "confident", "could", "opportunity", "support", "suggest", "expected", "probably", and similar expressions or statements that certain actions, events or results "may", "could", "would", "might", "will", or are "likely" to be taken, occur or be achieved, have been used to identify such forward-looking information. Specific forward-looking statements in this press release include, but are not limited to, statements and information with respect to the exploration and development potential of Zgounder and the conversion of Inferred Mineral Resources into Measured and Indicated Mineral Resources, future opportunities for enhancing development at Zgounder, and timing for the release of the Company's disclosure in connection with the foregoing. Although the forward-looking information contained in this press release reflect management's current beliefs based upon information currently available to management and based upon what management believes to be reasonable assumptions, Aya cannot be certain that actual results will be consistent with such forward-looking information. Such forward-looking statements are based upon assumptions, opinions and analysis made by management in light of its experience, current conditions, and its expectations of future developments that management believe to be reasonable and relevant but that may prove to be incorrect. These assumptions include, among other things, the closing and timing of financing, the ability to obtain any requisite governmental approvals, the accuracy of Mineral Reserve and Mineral Resource Estimates (including, but not limited to, ore tonnage and ore grade estimates), silver price, exchange rates, fuel and energy costs, future economic conditions, anticipated future estimates of free cash flow, and courses of action. Aya cautions you not to place undue reliance upon any such forward-looking statements.

The risks and uncertainties that may affect forward-looking statements include, among others: the inherent risks involved in exploration and development of mineral properties, including government approvals and permitting, changes in economic conditions, changes in the worldwide price of silver and other key inputs, changes in mine plans (including, but not limited to, throughput and recoveries being affected by metallurgical characteristics) and other factors, such as project execution delays, many of which are beyond the control of Aya, as well as other risks and uncertainties which are more fully described in Aya's 2021 Annual Information Form dated June 16, 2022, and in other filings of Aya with securities and regulatory authorities which are available on SEDAR at www.sedar.com. Furthermore, Aya's corporate update of May 28, 2020 regarding the materiality of its assets as well as to studies regarding non-material assets remains applicable as at the date hereof. Aya does not undertake any obligation to update forward-looking statements should assumptions related to these plans, estimates, projections, beliefs, and opinions change. Nothing in this document should be construed as either an offer to sell or a solicitation to buy or sell Aya securities. All references to Aya include its subsidiaries unless the context requires otherwise.

Appendix 1 - Full Drill Results from Boumadine (core lengths)

DDH No.	Section	From (m)	To (m)	Au (g/t)	Ag (g/t)	Length* (m)	Cu (%)	Pb (%)	Zn (%)	Mo (g/t)	Ag Eq** (g/t)
BOU-DD22-039	Central	163.9	164.9	0.42	12	1.0	0.0	0.1	0.2	2	64
BOU-DD22-039	Central	170.8	171.3	1.58	89	0.5	0.0	0.8	2.3	4	391
BOU-DD22-039	Central	306.0	306.7	0.93	109	0.7	0.1	1.1	1.3	15	307
BOU-DD22-039	Central	345.4	346.5	0.32	55	1.1	0.0	1.1	1.1	14	185
BOU-DD22-039	Central	443.1	443.8	0.60	35	0.7	0.0	1.0	1.1	8	181
BOU-DD22-040	Central North	25.5	26.0	0.69	41	0.5	0.0	0.2	0.3	33	128
BOU-DD22-040	Central North	44.0	45.0	0.40	15	1.0	0.0	0.1	0.2	4	66
BOU-DD22-040	Central North	66.0	68.0	3.77	88	2.0	0.0	1.7	10.1	30	1045
BOU-DD22-040	Central North	93.4	94.6	0.52	21	1.2	0.0	0.7	3.5	3	287
BOU-DD22-040	Central North	96.8	97.3	0.70	86	0.5	0.0	3.9	6.3	5	617
BOU-DD22-040	Central North	103.7	104.4	0.88	64	0.7	0.0	0.9	1.3	65	248
BOU-DD22-040	Central North	109.1	110.1	0.38	15	1.0	0.0	0.4	0.3	8	80
BOU-DD22-040	Central North	131.9	132.7	0.21	44	0.8	0.0	1.3	4.0	9	322
BOU-DD22-040	Central North	136.7	137.8	1.77	72	1.1	0.0	3.1	8.3	27	791
BOU-DD22-040	Central North	143.2	143.7	0.23	67	0.5	0.0	0.9	4.3	1	351
BOU-DD22-040	Central North	179.2	180.3	0.36	16	1.1	0.0	0.4	0.4	3	83
BOU-DD22-040	Central North	182.3	183.3	0.31	16	1.0	0.0	0.1	0.1	4	58
BOU-DD22-040	Central North	185.2	185.9	6.58	361	0.7	0.9	0.7	1.0	7	1172
BOU-DD22-041	Central North	42.0	42.5	0.91	154	0.5	0.0	4.9	0.6	20	431
BOU-DD22-041	Central North	70.8	71.6	0.56	41	0.8	0.0	1.0	1.7	167	225
BOU-DD22-041	Central North	73.8	74.3	0.22	52	0.5	0.0	1.8	1.8	17	232
BOU-DD22-041	Central North	87.2	88.9	0.41	61	1.7	0.0	0.7	1.9	43	227
BOU-DD22-041	Central North	93.0	95.1	0.27	70	2.1	0.0	2.7	3.3	12	359
BOU-DD22-041	Central North	104.7	107.5	0.70	8	2.8	0.0	0.1	0.1	3	84
BOU-DD22-041	Central North	110.8	111.3	0.73	59	0.5	0.0	1.2	2.7	6	314
BOU-DD22-041	Central North	113.3	114.4	0.46	4	1.1	0.0	0.0	0.2	1	57
BOU-DD22-041	Central North	171.0	172.0	0.30	16	1.0	0.0	0.7	1.7	28	159
BOU-DD22-041	Central North	183.8	184.3	0.02	72	0.5	0.0	8.3	0.5	2	366
BOU-DD22-041	Central North	205.5	206.0	0.11	67	0.5	0.0	0.4	0.7	2	131
BOU-DD22-041	Central North	208.7	212.3	4.02	101	3.6	0.2	2.5	0.5	2	609
BOU-DD22-041	Central North	224.2	225.9	5.08	106	1.7	0.2	0.5	0.8	5	664
BOU-DD22-041	Central North	232.5	233.0	1.90	83	0.5	0.3	0.3	0.3	9	320
BOU-DD22-042	NSR	0.0	153.2	0.00	0	153.2	0.0	0.0	0.0	0	0
BOU-DD22-043	NSR	0.0	150.0	0.00	0	150.0	0.0	0.0	0.0	0	0
BOU-DD22-044	North	1.5	2.7	0.42	8	1.2	0.0	0.1	0.0	2	51
BOU-DD22-044	North	9.2	10.2	0.14	40	1.0	0.0	0.4	0.0	15	69
BOU-DD22-044	North	14.1	15.1	0.26	40	1.0	0.0	0.1	0.0	6	70
BOU-DD22-044	North	18.1	26.7	0.29	42	8.6	0.0	0.1	0.1	5	78
Including		20.1	21.1	1.31	41	1.0	0.0	0.1	0.0	10	169
BOU-DD22-045	North	41.0	41.8	0.61	47	0.8	0.0	0.7	1.6	5	214
BOU-DD22-045	North	60.3	61.5	0.10	40	1.2	0.0	0.4	0.8	7	109
BOU-DD22-045	North	62.7	65.7	0.92	111	3.0	0.0	0.1	0.4	13	226
BOU-DD22-046	North	110.2	111.0	0.41	32	0.8	0.0	0.1	0.2	4	84
BOU-DD22-046	North	113.0	114.2	0.38	59	1.2	0.0	0.5	0.6	4	145
BOU-DD22-047	North	176.0	177.1	1.61	350	1.1	0.3	2.5	1.3	3	689
BOU-DD22-047	North	184.6	185.3	0.02	88	0.7	0.0	0.8	2.7	7	260
BOU-DD22-048	North	10.9	11.9	1.31	8	1.0	0.0	0.4	0.0	5	144
BOU-DD22-048	North	17.8	19.1	0.95	64	1.3	0.0	0.5	0.0	4	173
BOU-DD22-049	North	6.8	8.6	0.52	26	1.8	0.0	0.2	0.0	12	83
BOU-DD22-049	North	12.2	13.1	2.00	77	0.9	0.0	0.1	0.0	55	273
BOU-DD22-049	North	21.5	22.7	0.57	4	1.2	0.0	0.0	0.0	10	62
BOU-DD22-049	North	23.8	27.5	0.29	34	3.7	0.0	0.3	0.1	7	77
BOU-DD22-049	North	28.3	28.9	0.42	8	0.6	0.0	0.1	0.0	2	54
BOU-DD22-049	North	38.5	41.7	0.54	117	3.2	0.0	0.4	0.2	9	192
BOU-DD22-049	North	42.6	43.6	0.12	35	1.0	0.0	0.1	0.1	3	55
BOU-DD22-049	North	50.7	51.5	1.58	11	0.8	0.0	0.1	0.1	11	165
BOU-DD22-050	North	2.6	5.0	0.99	12	2.4	0.0	0.4	0.0	18	120
BOU-DD22-050	North	7.0	9.0	0.42	12	2.0	0.0	0.1	0.0	11	56
BOU-DD22-050	North	70.5	71.0	1.50	87	0.5	0.0	0.5	5.5	19	546
BOU-DD22-050	North	104.5	114.0	1.11	94	9.5	0.1	0.4	1.0	10	276
Including		105.6	109.5	2.16	191	3.9	0.1	0.2	0.3	10	431
BOU-DD22-050	North	121.8	122.9	0.50	16	1.1	0.0	0.3	0.6	77	110
BOU-DD22-050	North	133.9	135.5	0.32	24	1.6	0.0	0.4	0.1	11	77
BOU-DD22-051	Tizi South	24.4	26.0	1.13	16	1.6	0.0	0.1	0.0	259	144
BOU-DD22-051	Tizi South	47.6	48.4	0.35	16	0.8	0.0	0.2	0.2	7	67
BOU-DD22-052	Tizi South	107.0	107.8	0.68	8	0.8	0.0	0.0	0.1	3	79
BOU-DD22-053	Tizi North	37.2	38.3	0.48	40	1.1	0.0	0.4	0.5	1	127
BOU-DD22-053	Tizi North	51.8	54.0	6.24	41	2.2	0.0	1.0	1.4	3	736
Including		51.8	52.4	19.99	67	0.6	0.0	1.7	2.2	4	2115
BOU-DD22-054	Tizi North	52.8	56.1	0.43	67	3.3	0.0	0.5	1.2	3	188
BOU-DD22-054	Tizi North	78.8	79.8	0.85	12	1.0	0.0	0.3	0.3	3	115
BOU-DD22-054	Tizi North	89.9	103.9	0.38	47	14.0	0.0	1.4	2.5	8	264
BOU-DD22-055	NSR	0.0	103.5	0.00	0	103.5	0.0	0.0	0.0	0	0
BOU-DD22-056	NSR	0.0	150.9	0.00	0	150.9	0.0	0.0	0.0	0	0
BOU-DD22-057	Imariren 2	29.4	30.5	1.04	17	1.1	0.0	0.6	0.7	3	170
BOU-DD22-058	Imariren 3	30.0	31.0	0.96	16	1.0	0.0	0.4	1.4	4	195
BOU-DD22-058	Imariren 3	32.0	32.5	0.32	32	0.5	0.0	0.5	2.5	6	214
BOU-DD22-058	Imariren 3	47.8	48.5	1.18	22	0.7	0.0	0.5	8.9	2	630
BOU-DD22-059	NSR	0.0	134.6	0.00	0	134.6	0.0	0.0	0.0	0	0
BOU-DD22-060	NSR	0.0	101.3	0.00	0	101.3	0.0	0.0	0.0	0	0
BOU-DD22-061	Imariren 4	81.2	82.2	1.08	8	1.0	0.0	0.3	0.9	7	172
BOU-DD22-062	North	55.5	56.2	0.26	40	0.7	0.0	0.2	0.2	11	80
BOU-DD22-062	North	59.6	65.0	0.40	32	5.4	0.0	0.2	2.0	13	187
BOU-DD22-062	North	154.5	155.8	2.45	39	1.3	0.1	0.6	0.6	21	329
BOU-DD22-062	North	196.3	197.0	1.00	29	0.7	0.1	0.5	1.4	24	232
BOU-DD22-063	NSR	0.0	179.1	0.00	0	179.1	0.0	0.0	0.0	0	0
BOU-DD22-064	NSR	0.0	152.7	0.00	0	152.7	0.0	0.0	0.0	0	0
BOU-DD22-065	NSR	0.0	154.9	0.00	0	154.9	0.0	0.0	0.0	0	0
BOU-DD22-066	NSR	0.0	152.3	0.00	0	152.3	0.0	0.0	0.0	0	0
BOU-DD22-067	NSR	0.0	224.9	0.00	0	224.9	0.0	0.0	0.0	0	0
BOU-DD22-068	NSR	0.0	100.0	0.00	0	100.0	0.0	0.0	0.0	0	0
BOU-DD22-069	South-Ouest	129.9	130.5	0.02	218	0.6	0.3	13.6	15.5	0	1529
BOU-DD22-070	NSR	0.0	100.7	0.00	0	100.7	0.0	0.0	0.0	0	0
BOU-DD22-071	NSR	0.0	194.8	0.00	0	194.8	0.0	0.0	0.0	0	0
BOU-DD22-072	NSR	0.0	162.8	0.00	0	162.8	0.0	0.0	0.0	0	0
BOU-DD22-073	NSR	0.0	152.1	0.00	0	152.1	0.0	0.0	0.0	0	0
BOU-DD22-074	NSR	0.0	156.9	0.00	0	156.9	0.0	0.0	0.0	0	0
BOU-DD22-075	NSR	0.0	155.3	0.00	0	155.3	0.0	0.0	0.0	0	0
BOU-DD22-076	South 5	301.8	302.6	0.64	16	0.8	0.1	0.1	0.0	27	89
BOU-DD22-077	South 5	355.1	355.9	0.49	1	0.8	0.0	0.0	0.0	7	49
BOU-DD22-077	South 5	357.2	358.3	0.62	7	1.1	0.0	0.0	0.0	12	69
BOU-DD22-077	South 5	384.6	387.1	0.58	22	2.5	0.0	0.3	0.3	11	104
BOU-DD22-077	South 5	475.5	476.5	0.02	64	1.0	0.1	0.0	0.1	8	85
BOU-DD22-077	South 5	521.0	527.6	3.22	26	6.6	0.0	0.5	0.7	17	385
Including		523.4	524.6	8.73	62	1.2	0.0	0.6	2.5	44	1037
BOU-DD22-078	Central 1	102.1	102.8	0.30	49	0.7	0.1	0.6	6.1	4	438
BOU-DD22-078	Central 1	105.7	106.9	0.32	20	1.2	0.0	0.5	0.6	5	96
BOU-DD22-078	Central 1	131.3	131.9	0.54	24	0.6	0.0	0.1	0.1	5	86
BOU-DD22-078	Central 1	304.6	310.3	0.83	29	5.7	0.0	0.9	1.7	9	231
Including		304.6	306.5	1.29	62	1.9	0.1	2.3	4.3	8	499
BOU-DD22-078	Central 1	342.2	343.0	1.11	9	0.8	0.0	0.8	1.0	8	191
BOU-DD22-078	Central 1	770.8	772.6	0.47	6	1.8	0.0	0.2	0.0	12	61
BOU-DD22-078	Central 1	773.3	776.2	0.53	13	2.9	0.0	0.3	0.1	12	82
BOU-DD22-078	Central 1	803.0	803.8	0.34	13	0.8	0.0	0.8	1.7	11	166
BOU-DD22-079	Central-South	131.8	133.2	0.80	42	1.4	0.0	0.2	2.5	10	262
BOU-DD22-079	Central-South	135.6	136.1	0.93	60	0.5	0.0	1.8	1.5	10	287
BOU-DD22-080	Central-South	202.9	210.0	0.85	420	7.1	0.2	0.8	2.9	105	707
Including		208.6	210.0	2.86	1717	1.4	0.7	3.5	9.6	28	2715
BOU-DD22-080	Central-South	215.1	215.6	1.47	52	0.5	0.0	1.2	2.6	12	367
BOU-DD22-081	Central-South	63.1	63.6	0.92	12	0.5	0.0	0.2	0.6	16	140
BOU-DD22-081	Central-South	255.4	256.3	0.67	20	0.9	0.0	0.3	0.8	205	155
BOU-DD22-081	Central-South	264.5	265.2	1.02	27	0.7	0.0	0.3	0.6	18	168
BOU-DD22-082	Central-South	111.3	114.7	0.40	25	3.4	0.0	0.2	0.9	10	124
BOU-DD22-082	Central-South	209.2	209.7	0.36	17	0.5	0.0	0.2	0.5	5	86
BOU-DD22-082	Central-South	212.2	212.7	0.28	21	0.5	0.1	0.2	0.4	1	83
BOU-DD22-082	Central-South	217.0	217.5	0.35	12	0.5	0.0	0.2	0.3	2	66
BOU-DD22-082	Central-South	305.4	307.1	0.78	11	1.7	0.0	0.1	0.2	29	101
BOU-DD22-082	Central-South	316.0	317.0	1.17	20	1.0	0.1	0.3	0.4	5	171
BOU-DD22-082	Central-South	322.9	324.6	1.62	36	1.7	0.1	0.7	0.8	7	261
BOU-DD22-082	Central-South	339.0	340.1	1.45	24	1.1	0.0	0.2	0.1	4	168
BOU-DD22-082	Central-South	361.4	361.9	0.27	24	0.5	0.0	0.5	0.7	9	106
BOU-DD22-082	Central-South	410.5	411.1	0.43	32	0.6	0.4	0.7	3.1	11	312
BOU-DD22-082	Central-South	419.1	419.7	0.40	25	0.6	0.1	1.0	2.5	6	235
BOU-DD22-082	Central-South	455.5	456.0	0.72	17	0.5	0.0	0.2	0.5	15	124
BOU-DD22-083	Central-South	159.6	169.6	0.58	21	10.0	0.0	0.5	0.8	12	142
BOU-DD22-084	Central-South	197.8	198.6	1.63	44	0.8	0.1	1.8	2.3	5	393
BOU-DD22-084	Central-South	206.5	208.0	0.76	34	1.5	0.0	1.9	0.9	8	217
BOU-DD22-084	Central-South	209.3	210.0	0.62	16	0.7	0.0	0.5	0.8	9	132
BOU-DD22-084	Central-South	272.1	272.9	0.60	107	0.8	0.0	0.4	0.1	10	185
BOU-DD22-084	Central-South	277.6	278.2	0.32	20	0.6	0.1	0.1	0.3	11	77
BOU-DD22-085	NSR	0.0	154.5	0.00	0	154.5	0.0	0.0	0.0	0	0

* True width remains undetermined at this stage; all values are uncut.

** Ag equivalent is based on a 100% recovery with the following ratio; 1 g/t Au: 93.4 g/t Ag; 1% Cu: 130.4 Ag; 1% Pb: 31.8 Ag;
1% Zn: 54.1 Ag.

Appendix 2 - Drillhole Coordinates of 2022 Boumadine Exploration Program

DDH No.	Easting	Northing	Elevation	Azimuth	Dip	Length (m)
BOU-DD22-040	316978	3477062	1231	250	-50	198
BOU-DD22-041	317027	3477079	1248	250	-50	252
BOU-DD22-042	316523	3477108	1234	250	-50	153
BOU-DD22-043	316571	3477125	1241	250	-50	150
BOU-DD22-044	316605	3477138	1240	250	-50	150
BOU-DD22-045	316639	3477150	1235	250	-50	150
BOU-DD22-046	316682	3477165	1235	250	-50	150
BOU-DD22-047	316721	3477180	1238	250	-50	196
BOU-DD22-048	316765	3477198	1248	250	-50	151
BOU-DD22-049	316804	3477211	1247	250	-50	147
BOU-DD22-050	316840	3477223	1235	250	-50	302
BOU-DD22-051	315485	3476713	1251	270	-50	77
BOU-DD22-052	315525	3476711	1247	270	-50	145
BOU-DD22-053	315363	3477107	1273	270	-50	100
BOU-DD22-054	315401	3477109	1265	270	-50	157
BOU-DD22-055	315563	3477571	1279	90	-50	104
BOU-DD22-056	315523	3477570	1269	90	-50	151
BOU-DD22-057	315626	3477841	1263	90	-50	78
BOU-DD22-058	315639	3477898	1276	90	-50	75
BOU-DD22-059	315607	3477898	1266	90	-50	135
BOU-DD22-060	315656	3477952	1281	90	-50	101
BOU-DD22-061	315619	3477955	1277	90	-50	152
BOU-DD22-062	316899	3477244	1218	250	-50	206
BOU-DD22-063	316966	3477266	1209	250	-50	179
BOU-DD22-064	317042	3477318	1204	250	-50	153
BOU-DD22-065	317115	3477322	1202	250	-50	155
BOU-DD22-066	317199	3477349	1199	250	-50	152
BOU-DD22-067	317292	3477422	1196	250	-50	225
BOU-DD22-068	316315	3474936	1296	315	-50	100
BOU-DD22-069	316346	3474904	1297	315	-50	154
BOU-DD22-070	316300	3475037	1285	135	-50	101
BOU-DD22-071	316272	3475061	1278	135	-50	195
BOU-DD22-072	317292	3474451	1293	70	-50	163
BOU-DD22-073	317259	3474442	1287	70	-50	152
BOU-DD22-074	317218	3474427	1280	70	-50	157
BOU-DD22-075	317188	3474414	1275	70	-50	155
BOU-DD22-076	317153	3474402	1271	70	-50	320
BOU-DD22-077	317116	3474387	1269	70	-50	582
BOU-DD22-078	317637	3476634	1201	250	-50	827
BOU-DD22-079	317091	3475590	1260	250	-50	159
BOU-DD22-080	317147	3475611	1256	250	-50	237
BOU-DD22-081	317202	3475631	1252	250	-50	383
BOU-DD22-082	317258	3475651	1250	250	-50	601
BOU-DD22-083	317318	3475673	1252	250	-50	218
BOU-DD22-084	317368	3475690	1239	250	-50	298
BOU-DD22-085	317427	3475712	1238	250	-50	155
BOU-DD22-086	317038	3475570	1266	250	-50	707

SOURCE Aya Gold & Silver Inc.

Contact
Benoit La Salle, FCPA, President & CEO, benoit.lasalle@ayagoldsilver.com; Alex Ball, VP, Corporate Development & IR, alex.ball@ayagoldsilver.com

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