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Aya Gold & Silver Extends Mineralization South of Main Zone and Discovers New At-Surface Northwest Zone at Boumadine

05.07.2023 | CNW

Aya Gold & Silver Extends Mineralization South of Main Zone and Discovers New At-Surface Northwest Zone at Boumadine

Boumadine Main Zone Now Extends 3.8 Kilometers

MONTREAL, July 5, 2023 - Aya Gold & Silver Inc. (TSX: AYA) (OTCQX: AYASF) ("Aya" or the "Corporation") is pleased to announce new high-grade exploration drill results at Boumadine, located in the Kingdom of Morocco. These results extend the main mineralized trend by 400 metres and continue to demonstrate continuity of the Boumadine Main Zone. Section 5600N delivered strong results and remains open to the south while the new zone in the northwest significantly opens the potential at surface and can be followed over 1.5 kilometers.

Key Highlights¹

Definition of new high-grade mineralization and extension of the South Zone. The Main Zone, which now extends over 3.8 kilometres ("km"), is open at both ends along strike and at depth.

BOU-DD23-142 intersected 475 grams per tonne ("g/t") silver equivalent ("AgEq") over 11.8 meters ("m") (0.97 g/t Au, 88 g/t Ag, 4.2% Zn, 1.6% Pb and 0.01% Cu) including 4.2m at 625 g/t AgEq
BOU-DD23-111 intersected 539 g/t AgEq over 9.6m (1.76 g/t Au, 134 g/t Ag, 3.9% Zn, 0.5% Pb and 0.1% Cu), including 3.1m at 1,367 g/t AgEq
BOU-DD23-125 intersected 459 g/t AgEq over 4.8m (0.71 g/t Au, 205 g/t Ag, 1.8% Zn, 2.5% Pb and 0.01% Cu), including 1.2m at 1,111 g/t AgEq
BOU-DD23-117 intersected 481 g/t AgEq over 3.3m (4.31 g/t Au, 28 g/t Ag, 0.4% Zn, 0.3% Pb and 0.2% Cu), including 1.9m at 746 g/t AgEq
BOU-DD22-121 intersected 456 g/t AgEq over 3.6m (4.19 g/t Au, 34 g/t Ag, 0.1% Zn, 0.1% Pb and 0.2% Cu), including 3.1m at 512 g/t AgEq

Extension of the Main Zone by 400m to the south to 3.8 km of strike length, which remains open in all directions.
Discovery of a new mineralized zone in the Northwest through the surface mapping program, with surface samples returning values up to 460 g/t AgEq over a >1.5km structure of N030 orientation.
First site visit conducted by RSC Consulting Limited, which has been mandated to conduct a NI 43-101-compliant mineral resource estimate of Boumadine.

"Today's high-grade drill results at Boumadine confirm the continuity and extension of the mineralized footprint south of the Main Zone. We have also discovered a new mineralized structure at surface to the north, which increases the resource potential," said Benoit La Salle, President & CEO. "We have completed 85% of our drill exploration program and extended the Boumadine strike length by over 40% to 3.8 kilometers in the past 10 months. We have subsequently identified several other high impact drill targets and mobilized 5 drill rigs to deliver value for all stakeholders."

______________________________

¹ All intersections are in core lengths; Ag equivalent is based on a 100% recovery with the following ratios: 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

Table 1 - Significant Intercepts from 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-DD23-107	6400N	333.4	347.8	1.17	26	14.4	0.1	0.9	0.6	14	211
Including		337.7	342.0	2.98	43	4.3	0.3	1.2	1.4	17	469
BOU-DD23-110	6750N	389.0	397.1	0.69	100	8.1	0.0	0.1	0.1	15	174
BOU-DD23-111	7000N	6.1	15.7	1.76	134	9.6	0.1	0.5	3.9	16	539
Including		11.6	14.7	3.88	360	3.1	0.2	1.1	10.7	24	1,367
BOU-DD23-113	7000N	88.2	92.6	1.41	35	4.4	0.1	1.3	1.9	27	321
Including		90.3	91.7	3.00	55	1.4	0.1	1.9	4.3	43	648
BOU-DD23-116	7000N	116.2	120.2	1.80	22	4.0	0.1	0.7	1.1	17	281
BOU-DD23-117	7000N	153.6	158.3	2.83	21	4.7	0.1	0.1	0.2	14	309
Including		153.6	156.4	3.93	28	2.8	0.1	0.1	0.2	15	428
BOU-DD23-117	7000N	195.3	198.6	4.31	28	3.3	0.2	0.3	0.4	18	481
Including		196.0	197.9	7.07	38	1.9	0.2	0.1	0.4	20	746
BOU-DD23-119	7125N	232.7	245.6	1.28	29	12.9	0.1	0.3	0.3	11	185
Including		242.6	245.6	3.31	38	3.0	0.2	0.2	0.2	9	390
BOU-DD23-121	7000N	223.3	226.9	4.19	34	3.6	0.2	0.1	0.1	7	456
Including		223.3	226.4	4.74	38	3.1	0.2	0.1	0.0	7	512
BOU-DD23-121	7000N	237.6	240.4	2.95	26	2.8	0.2	0.1	0.6	10	360
BOU-DD23-125	5600N	295.6	300.4	0.71	205	4.8	0.0	2.5	1.8	185	459
Including		295.6	296.8	1.56	533	1.2	0.0	7.4	3.3	257	1,111
BOU-DD23-136	5600N	445.3	447.0	0.77	90	1.7	0.0	1.2	6.2	1,171	607
BOU-DD23-136	5600N	475.5	478.2	1.17	294	2.7	0.0	0.1	0.1	145	424
BOU-DD23-136	5600N	494.9	496.4	0.84	137	1.5	0.0	2.6	6.4	13	650
BOU-DD23-142	5600N	577.1	581.5	0.80	66	4.4	0.0	1.0	0.8	106	227
BOU-DD23-142	5600N	599.2	611.0	0.97	88	11.8	0.0	1.6	4.2	296	475
Including		606.8	611.0	1.57	130	4.2	0.0	2.0	4.5	669	625

*	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.

2023 Exploration Results

To date, 85 diamond drill holes ("DDH") for a total of 31,205m have been completed at Boumadine (Figure 1 and Appendix 3). Both infill and exploration drilling were conducted on strike along the main trend (South and Central zones). The 36,000m budgeted program is expected to be complete by the end of July 2023.

Drill results have been received for all drill holes up to BOU-DD23-131 with the addition of holes BOU-DD23-136 and BOU-DD23-142 (Table 1, Figure 2, and Appendix 1).

Results received in June extend the mineralization an additional 400m to the south with BOU-DD23-125, BOU-DD23-136 and BOU-DD23-142 intersecting high-grade mineralization in the form of massive sulphide veins.

The main mineralization generally consists of 1m to 4m wide (locally reaching over a 10m width) N340- oriented massive sulphide lenses/veins sharply dipping eastward (> 70°). The massive sulphide veins (>80%) are mainly composed of pyrite, with variable proportions of sphalerite, galena, and chalcopyrite. Figure 2 presents the results of the Boumadine Main Zone shown on a longitudinal section along the deposit, defining ore shoots shallowly dipping toward south, in both the Central and South Zones.

In addition, detail mapping was conducted on the entire project, increasing our geological understanding of the mineralized events and the main geological settings. In particular, two major sets of faulting events can be recognized: a N030 faulting event that cross-cut Boumadine Main Trend (N340) and may be responsible for the Au-Zn enrichment of the mineralization; and a N070 fault event cutting both N340 and N070 structures that seems to be responsible for the Ag-Pb enrichment. In parallel, 127 surface grab samples were taken (36 are still pending), which allowed us to identify a new mineralized structure in the northwest of the property (see Figure 4). The structure, which can be followed for over 1.5km, returned assay values of 460 g/t AgEq (Appendix 2). This discovery demonstrates the potential outside of the Boumadine Main Trend.

Next Steps

The 36,000m drilling program is 85% complete and is expected to be completed by the end of July 2023. Relogging and resampling of historical drill holes is also expected to be completed in July. The Corporation expects to use both data sets in estimating an NI 43-101 compliant resource by Q1-2024.

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

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", "identify", "confirm", "plan", "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 2022 Annual Information Form dated March 31, 2023, 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-DD23-102	6200N	55.2	56.3	0.55	2	1.1	0.0	0.0	0.0	7	56
BOU-DD23-102	6200N	58.5	62.9	0.93	1	4.4	0.0	0.0	0.0	12	91
BOU-DD23-102	6200N	88.9	90.0	0.77	1	1.1	0.0	0.1	0.0	6	76
BOU-DD23-102	6200N	162.6	166.2	0.98	1	3.6	0.0	0.0	0.0	12	96
BOU-DD23-102	6200N	167.2	168.3	0.49	4	1.1	0.0	0.1	0.0	29	56
BOU-DD23-102	6200N	302.0	303.0	0.52	4	1.0	0.0	0.0	0.0	6	55
BOU-DD23-102	6200N	304.0	305.0	0.69	4	1.0	0.0	0.0	0.0	6	71
BOU-DD23-102	6200N	354.4	355.6	0.49	1	1.2	0.0	0.0	0.0	13	50
BOU-DD23-102	6200N	395.4	396.4	0.88	1	1.0	0.0	0.0	0.0	5	86
BOU-DD23-104	6750N	25.5	26.5	0.13	39	1.0	0.0	0.2	0.1	23	64
BOU-DD23-104	6750N	32.6	33.5	0.13	41	0.9	0.0	0.1	0.0	14	61
BOU-DD23-104	6750N	36.5	37.2	0.41	36	0.7	0.0	0.0	0.0	16	78
BOU-DD23-104	6750N	57.4	58.7	0.23	23	1.3	0.0	0.4	0.2	14	69
BOU-DD23-104	6750N	80.3	81.2	0.39	92	0.9	0.1	2.1	4.6	6	454
BOU-DD23-104	6750N	82.1	82.7	0.24	48	0.6	0.0	0.5	1.2	17	152
BOU-DD23-104	6750N	100.1	101.3	1.09	59	1.2	0.0	0.6	0.9	15	228
BOU-DD23-104	6750N	109.8	110.5	0.71	39	0.7	0.0	0.7	2.3	10	252
BOU-DD23-104	6750N	123.8	124.9	0.55	4	1.1	0.0	0.0	0.0	7	60
BOU-DD23-105	6400N	262.9	263.8	0.03	56	0.9	0.5	0.0	0.0	9	124
BOU-DD23-105	6400N	280.4	281.5	2.40	15	1.1	0.0	0.1	0.2	17	255
BOU-DD23-105	6400N	287.5	289.5	0.40	10	2.0	0.0	0.0	0.0	7	53
BOU-DD23-105	6400N	356.0	356.5	0.44	41	0.5	0.0	0.6	0.1	11	108
BOU-DD23-105	6400N	362.9	364.6	1.54	26	1.7	0.2	0.1	0.0	27	201
BOU-DD23-106	5600N	0.0	405.0	0.00	0	405.0	0.0	0.0	0.0	0	NSR
BOU-DD23-107	6400N	333.4	347.8	1.17	26	14.4	0.1	0.9	0.6	14	211
Including		337.7	342.0	2.98	43	4.3	0.3	1.2	1.4	17	469
BOU-DD23-107	6400N	353.9	356.9	0.46	11	3.0	0.0	0.1	0.4	10	84
BOU-DD23-107	6400N	367.8	368.8	0.44	8	1.0	0.0	0.0	0.0	7	51
BOU-DD23-107	6400N	395.4	396.0	4.26	24	0.6	0.0	0.0	0.4	14	442
BOU-DD23-107	6400N	517.2	517.8	0.87	24	0.6	0.3	0.2	0.2	44	169
BOU-DD23-107	6400N	560.5	561.0	1.57	5	0.5	0.0	0.0	0.1	19	158
BOU-DD23-108	6750N	141.6	142.6	0.58	4	1.0	0.0	0.0	0.0	32	63
BOU-DD23-108	6750N	221.8	223.5	1.44	5	1.7	0.0	0.0	0.0	6	144
BOU-DD23-108	6750N	266.0	267.0	0.03	56	1.0	0.0	0.1	0.1	4	67
BOU-DD23-108	6750N	279.5	281.6	0.65	29	2.1	0.0	0.1	0.2	8	105
BOU-DD23-109	5600N	241.5	243.9	0.67	1	2.4	0.0	0.0	0.1	7	70
BOU-DD23-110	6750N	248.7	249.9	0.46	16	1.2	0.0	0.2	0.2	17	86
BOU-DD23-110	6750N	387.8	388.3	0.32	28	0.5	0.0	0.1	0.1	12	66
BOU-DD23-110	6750N	389.0	397.1	0.69	100	8.1	0.0	0.1	0.1	15	174
Including		389.0	391.6	0.64	247	2.6	0.0	0.1	0.1	17	320
BOU-DD23-111	7000N	6.1	15.7	1.76	134	9.6	0.1	0.5	3.9	16	539
Including		11.6	14.7	3.88	360	3.1	0.2	1.1	10.7	24	1367
BOU-DD23-112	7000N	16.0	17.0	0.40	47	1.0	0.0	0.5	0.5	3	126
BOU-DD23-112	7000N	24.4	24.9	0.68	24	0.5	0.0	0.3	0.7	26	140
BOU-DD23-112	7000N	41.0	42.0	0.34	17	1.0	0.1	0.8	1.5	9	165
BOU-DD23-112	7000N	51.9	55.0	0.37	25	3.1	0.0	0.5	1.4	8	153
BOU-DD23-113	7000N	88.2	92.6	1.41	35	4.4	0.1	1.3	1.9	27	321
Including		90.3	91.7	3.00	55	1.4	0.1	1.9	4.3	43	648
BOU-DD23-113	7000N	97.9	98.5	0.62	56	0.6	0.0	0.4	0.2	45	143
BOU-DD23-113	7000N	116.3	117.0	0.23	23	0.7	0.0	0.3	0.6	14	86
BOU-DD23-113	7000N	127.6	128.3	0.46	24	0.7	0.0	0.6	0.6	14	119
BOU-DD23-113	7000N	186.7	187.2	0.26	47	0.5	0.0	0.1	0.1	16	84
BOU-DD23-114	7125	56.5	57.3	0.07	39	0.8	0.0	0.0	0.0	12	49
BOU-DD23-114	7125	77.8	78.3	3.78	12	0.5	0.1	0.2	0.1	11	384
BOU-DD23-114	7125	84.7	85.4	1.84	16	0.7	0.1	0.1	0.2	12	212
BOU-DD23-114	7125	160.4	161.4	0.82	4	1.0	0.0	0.1	0.0	17	92
BOU-DD23-114	7125	164.3	165.4	2.16	12	1.1	0.1	0.1	0.1	9	233
BOU-DD23-114	7125	198.0	198.7	0.76	8	0.7	0.0	0.1	0.2	18	97
BOU-DD23-114	7125	200.0	202.3	2.02	72	2.3	0.2	1.1	0.4	7	342
BOU-DD23-114	7125	220.0	222.0	0.03	212	2.0	0.0	0.1	0.1	11	221
BOU-DD23-114	7125	291.1	292.9	0.45	16	1.8	0.0	1.0	1.7	17	185
BOU-DD23-115	5600N	0.0	402.8	0.00	0	402.8	0.0	0.0	0.0	0	NSR
BOU-DD23-116	7000N	116.2	120.2	1.80	22	4.0	0.1	0.7	1.1	17	281
Including		116.8	118.5	3.34	34	1.7	0.1	1.1	1.8	19	495
BOU-DD23-116	7000N	180.3	181.0	1.18	12	0.7	0.0	0.1	0.1	3	134
BOU-DD23-116	7000N	184.3	184.8	0.39	16	0.5	0.0	0.3	1.4	7	140
BOU-DD23-116	7000N	188.4	189.1	0.40	16	0.7	0.0	0.2	0.5	5	88
BOU-DD23-116	7000N	216.8	219.4	0.57	24	2.6	0.0	0.5	1.7	8	190
BOU-DD23-116	7000N	229.3	230.3	0.49	4	1.0	0.0	0.1	0.1	8	60
BOU-DD23-117	7000N	67.3	68.8	0.60	6	1.5	0.0	0.0	0.0	9	67
BOU-DD23-117	7000N	136.4	137.7	1.41	18	1.3	0.1	0.1	0.1	11	170
BOU-DD23-117	7000N	153.6	158.3	2.83	21	4.7	0.1	0.1	0.2	14	309
Including		153.6	156.4	3.93	28	2.8	0.1	0.1	0.2	15	428
BOU-DD23-117	7000N	187.6	188.7	0.25	39	1.1	0.1	0.6	0.6	13	122
BOU-DD23-117	7000N	195.3	198.6	4.31	28	3.3	0.2	0.3	0.4	18	481
Including		196.0	197.9	7.07	38	1.9	0.2	0.1	0.4	20	746
BOU-DD23-117	7000N	265.6	267.9	1.04	17	2.3	0.0	0.1	0.5	11	149
BOU-DD23-119	7125N	44.2	46.6	0.91	23	2.4	0.1	0.1	0.1	12	135
BOU-DD23-119	7125N	184.0	193.5	0.32	33	9.5	0.1	0.4	0.2	9	94
BOU-DD23-119	7125N	225.8	228.6	1.32	17	2.8	0.1	0.1	0.0	8	158
BOU-DD23-119	7125N	232.7	245.6	1.28	29	12.9	0.1	0.3	0.3	11	185
Including		242.6	245.6	3.31	38	3.0	0.2	0.2	0.2	9	390
BOU-DD23-119	7125N	308.7	309.2	0.36	29	0.5	0.1	1.8	5.1	7	415
BOU-DD23-119	7125N	314.2	315.2	0.05	80	1.0	0.0	1.4	1.2	11	198
BOU-DD23-120	5600N	0.0	411.7	0.00	0	411.7	0.0	0.0	0.0	0	NSR
BOU-DD23-121	7000N	47.5	48.0	1.98	35	0.5	0.0	1.1	2.9	4	410
BOU-DD23-121	7000N	52.5	53.1	0.57	20	0.6	0.0	0.4	1.0	7	140
BOU-DD23-121	7000N	192.0	193.0	1.44	13	1.0	0.1	0.7	0.6	12	214
BOU-DD23-121	7000N	196.0	197.0	0.87	20	1.0	0.0	0.4	0.5	6	140
BOU-DD23-121	7000N	213.0	214.0	5.06	16	1.0	0.0	0.0	0.0	5	492
BOU-DD23-121	7000N	218.6	219.7	0.52	1	1.1	0.0	0.0	0.0	5	53
BOU-DD23-121	7000N	223.3	226.9	4.19	34	3.6	0.2	0.1	0.1	7	456
Including		223.3	226.4	4.74	38	3.1	0.2	0.1	0.0	7	512
BOU-DD23-121	7000N	237.6	240.4	2.95	26	2.8	0.2	0.1	0.6	10	360
Including		238.3	239.4	6.34	55	1.1	0.4	0.2	0.7	16	736
BOU-DD23-121	7000N	293.4	294.5	0.41	19	1.1	0.0	0.5	1.7	7	167
BOU-DD23-121	7000N	301.5	302.5	0.53	16	1.0	0.0	0.3	0.9	6	128
BOU-DD23-122	7950N	0.0	209.1	0.00	0	209.1	0.0	0.0	0.0	0	NSR
BOU-DD23-124	7950N	26.6	29.4	0.62	144	2.8	0.0	1.2	1.2	100	320
BOU-DD23-124	7950N	35.6	36.6	0.34	16	1.0	0.0	0.4	2.4	11	194
BOU-DD23-125	5600N	258.5	259.6	0.34	16	1.1	0.0	0.0	0.0	10	51
BOU-DD23-125	5600N	272.2	272.9	1.31	16	0.7	0.0	0.1	0.0	9	144
BOU-DD23-125	5600N	289.2	289.7	0.19	145	0.5	0.1	6.2	11.1	13	966
BOU-DD23-125	5600N	291.8	292.7	0.15	20	0.9	0.0	0.3	0.1	123	54
BOU-DD23-125	5600N	293.7	294.7	0.08	45	1.0	0.0	0.1	0.2	24	66
BOU-DD23-125	5600N	295.6	300.4	0.71	205	4.8	0.0	2.5	1.8	185	459
Including		295.6	296.8	1.56	533	1.2	0.0	7.4	3.3	257	1111
BOU-DD23-125	5600N	311.0	311.8	0.50	132	0.8	0.0	0.1	0.7	6	224
BOU-DD23-125	5600N	323.6	324.1	0.47	68	0.5	0.0	2.2	3.2	3	358
BOU-DD23-125	5600N	342.5	343.3	0.32	16	0.8	0.0	0.1	0.1	4	54
BOU-DD23-125	5600N	385.5	386.7	0.35	12	1.2	0.0	0.1	0.0	6	48
BOU-DD23-126	7000N	131.8	132.6	0.36	12	0.8	0.0	0.1	0.0	11	50
BOU-DD23-126	7000N	172.4	173.2	0.52	44	0.8	0.1	0.3	0.0	8	110
BOU-DD23-126	7000N	244.8	245.7	0.34	17	0.9	0.1	1.1	2.8	4	243
BOU-DD23-126	7000N	365.3	366.3	2.28	64	1.0	0.2	0.1	0.0	4	310
BOU-DD23-126	7000N	379.6	380.6	0.39	8	1.0	0.0	0.2	0.4	2	72
BOU-DD23-126	7000N	445.6	446.6	0.74	8	1.0	0.0	0.1	0.1	4	84
BOU-DD23-127	7325N	74.2	77.0	1.31	103	2.8	0.1	0.6	0.9	62	313
BOU-DD23-128	7925N	157.4	158.7	0.39	16	1.3	0.0	0.7	1.2	39	144
BOU-DD23-128	7925N	168.9	172.8	0.49	15	3.9	0.0	0.5	1.2	26	145
BOU-DD23-129	7200N	104.0	104.6	0.38	24	0.6	0.0	1.3	1.2	4	170
BOU-DD23-129	7200N	104.0	105.8	0.27	22	1.8	0.0	1.7	2.7	4	251
BOU-DD23-129	7200N	114.8	115.3	1.01	51	0.5	0.2	2.8	3.7	7	452
BOU-DD23-129	7200N	116.4	117.6	0.03	44	1.2	0.0	2.0	2.1	21	223
BOU-DD23-130	7200N	27.8	28.4	0.44	35	0.6	0.0	1.0	1.1	8	170
BOU-DD23-130	7200N	128.7	129.8	1.68	31	1.1	0.2	0.3	0.9	9	270
BOU-DD23-130	7200N	135.1	135.9	1.10	19	0.8	0.1	0.3	0.3	13	157
BOU-DD23-131	7925N	47.2	47.7	0.67	1	0.5	0.0	0.2	0.1	7	80
BOU-DD23-131	7925N	234.8	235.3	0.46	4	0.5	0.0	0.2	0.4	6	77
BOU-DD23-131	7925N	236.7	237.9	0.50	12	1.2	0.0	0.5	1.0	6	132
BOU-DD23-131	7925N	238.5	239.6	2.12	24	1.1	0.0	0.7	1.1	6	305
BOU-DD23-136	5600N	377.9	379.0	1.22	13	1.1	0.0	0.0	0.0	12	129
BOU-DD23-136	5600N	388.0	389.6	0.59	38	1.6	0.1	0.2	0.8	706	192
BOU-DD23-136	5600N	403.6	404.4	0.49	21	0.8	0.0	0.1	0.0	306	88
BOU-DD23-136	5600N	411.0	414.0	0.59	54	3.0	0.0	0.4	1.5	1023	264
BOU-DD23-136	5600N	445.3	447.0	0.77	90	1.7	0.0	1.2	6.2	1171	607
BOU-DD23-136	5600N	475.5	478.2	1.17	294	2.7	0.0	0.1	0.1	145	424
BOU-DD23-136	5600N	494.9	496.4	0.84	137	1.5	0.0	2.6	6.4	13	650
BOU-DD23-136	5600N	507.4	508.4	0.84	176	1.0	0.0	1.5	4.7	4357	820
BOU-DD23-136	5600N	511.7	512.2	0.40	55	0.5	0.0	1.0	1.2	9	190
BOU-DD23-142	5600N	451.8	452.6	0.59	15	0.8	0.0	0.0	0.0	21	75
BOU-DD23-142	5600N	459.3	459.8	1.06	12	0.5	0.0	0.2	0.0	27	121
BOU-DD23-142	5600N	472.0	473.0	0.42	9	1.0	0.0	0.0	0.0	73	55
BOU-DD23-142	5600N	504.0	505.0	1.18	59	1.0	0.1	0.6	1.2	179	269
BOU-DD23-142	5600N	547.4	552.6	0.49	37	5.2	0.0	0.1	0.3	246	116
BOU-DD23-142	5600N	556.4	558.0	0.49	31	1.6	0.0	0.4	0.6	386	146
BOU-DD23-142	5600N	562.0	562.5	1.18	81	0.5	0.0	1.7	3.6	137	451
BOU-DD23-142	5600N	568.4	569.4	0.51	8	1.0	0.0	0.0	0.0	11	60
BOU-DD23-142	5600N	577.1	581.5	0.80	66	4.4	0.0	1.0	0.8	106	227
BOU-DD23-142	5600N	592.0	593.0	0.31	20	1.0	0.0	0.1	0.4	14	77
BOU-DD23-142	5600N	599.2	611.0	0.97	88	11.8	0.0	1.6	4.2	296	475
Including		606.8	611.0	1.57	130	4.2	0.0	2.0	4.5	669	625
BOU-DD23-142	5600N	622.3	623.3	0.71	79	1.0	0.0	0.4	0.9	26	209
BOU-DD23-142	5600N	721.7	722.5	0.68	76	0.8	0.0	0.1	0.3	31	163
BOU-DD23-142	5600N	728.6	729.1	1.96	68	0.5	0.0	0.3	0.3	34	281
BOU-DD23-142	5600N	732.3	736.0	1.17	24	3.7	0.0	0.2	0.2	150	159

*	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 - Significant Results from 2023 Boumadine Exploration Program (Surface Sampling)

Outcrop ID	Au (g/t)	Ag (g/t)	Cu (%)	Pb (%)	Zn (%)	Ag Eq* (g/t)
P10475	0.45	36	0.0	0.1	0.0	83
P10644	0.05	71	0.2	5.5	0.3	297
P10677	0.05	110	0.1	27.4	0.1	997
P10721	0.05	186	2.4	8.1	1.8	857
P10807	0.05	83	0.0	9.6	0.4	414
P11093	1.99	28	0.0	2.0	0.1	281
P11115	0.05	63	0.0	7.0	0.1	296
P11204	0.35	28	0.0	0.4	0.0	74
P11359	1.96	122	0.0	0.8	0.1	337
P11397	0.05	75	2.2	1.8	5.6	731
P11477	1.92	90	0.0	0.4	0.1	285
P11478	0.46	35	0.0	0.8	0.1	109
P11519	0.05	75	0.0	4.4	0.8	265
P11754	0.53	12	2.3	0.0	0.3	377
P11816	3.41	40	0.8	0.2	0.1	465
P11858	3.37	23	0.3	0.0	0.0	378
P11864	2.78	44	0.5	0.1	0.0	377
P11934	0.84	8	0.7	0.1	0.0	176
P11974	0.99	28	0.5	0.7	0.3	222
P12086	0.05	74	0.1	11.8	0.0	462
P12087	0.05	55	0.8	3.7	0.0	285
P5717	0.05	67	2.5	0.0	0.0	392
P6575	0.05	79	1.5	9.1	0.6	601
P6625	0.05	69	1.9	5.7	0.0	499
P6660	0.05	44	1.3	0.5	0.0	236
P6666	0.05	118	0.0	14.0	0.0	571
P6747	0.05	71	5.5	2.1	3.1	1,029
P7607	1.30	1	0.0	0.0	0.0	125
P8922	0.07	112	9.4	0.0	0.0	1,345

* 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 3 - New Drillhole Coordinates of 2023 Boumadine Exploration Program (completed holes)

DDH No.	Easting	Northing	Elevation	Azimuth	Dip	Length (m)
BOU-DD23-131	317378	3476334	1206	250	-50	328.0
BOU-DD23-132	317150	3475489	1244	250	-50	611.6
BOU-DD23-133	316963	3475424	1260	250	-50	429.4
BOU-DD23-134	317220	3475516	1238	250	-50	407.7
BOU-DD23-135	317416	3476346	1206	250	-50	408.4
BOU-DD23-136	317352	3473833	1267	70	-50	609.4
BOU-DD23-137	317181	3475500	1242	250	-50	287.3
BOU-DD23-138	316889	3477032	1217	250	-50	150.1
BOU-DD23-139	317539	3476392	1206	250	-50	610.3
BOU-DD23-140	316941	3477048	1228	250	-50	250.8
BOU-DD23-141	316993	3475785	1239	70	-50	303.0
BOU-DD23-142	317266	3473808	1274	70	-50	815.4
BOU-DD23-143	317070	3477102	1246	250	-50	502.2
BOU-DD23-144	316915	3475760	1240	70	-50	459.0
BOU-DD23-145	316838	3475731	1233	70	-50	605.3
BOU-DD23-146	317104	3477114	1234	250	-50	502.4
BOU-DD23-147	316984	3475993	1226	250	-50	307.6
BOU-DD23-148	317375	3476539	1211	250	-50	302.6
BOU-DD23-149	316754	3475701	1233	70	-50	690.5
BOU-DD23-150	317065	3476024	1230	250	-50	412.1
BOU-DD23-151	317420	3476554	1211	250	-50	399.4
BOU-DD23-152	317142	3477128	1226	250	-50	546.0
BOU-DD23-153	317134	3476050	1220	250	-50	488.7
BOU-DD23-154	317123	3476662	1205	250	-50	150.0
BOU-DD23-155	317159	3476675	1205	250	-50	132.1
BOU-DD23-156	316927	3476944	1216	250	-50	151.3
BOU-DD23-157	317464	3476569	1210	250	-50	509.4
BOU-DD23-158	317232	3476702	1200	250	-50	201.0
BOU-DD23-159	317331	3476121	1220	250	-50	593.9
BOU-DD23-160	316969	3476960	1227	250	-50	202.0
BOU-DD23-161	317274	3476717	1200	250	-50	300.0
BOU-DD23-162	317028	3476981	1243	250	-50	300.0
BOU-DD23-163	317212	3476078	1220	250	-50	301.8
BOU-DD23-164	317317	3476733	1201	250	-50	372.0
BOU-DD23-166	316713	3477069	1235	250	-50	269.0
BOU-DD23-168	317195	3476689	1202	250	-50	202.3
BOU-DD23-169	317315	3476411	1214	250	-50	250.9

SOURCE Aya Gold & Silver Inc.

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

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