Aya Gold & Silver Inc. announce that it has completed 50% of its airborne MobileMT geophysical survey and secured the right to 6 exploration permits at its Boumadine Project in the Kingdom of Morocco. Its Boumadine exploration portfolio now totals up to 141.4 square kilometers. Acquired 6 exploration permits totaling 58 km² in the area of Boumadine.

Completed 50% of a 6,515 linear km airborne MobileMT geophysical survey. Drilled 11,130 meters (?m?) of DDH YTD as part of an aggressive 120,000m exploration program. Received preliminary regional hyperspectral data, with the structural and mineral interpretation well underway.

With the addition of the 6 new exploration permits, Boumadine now covers 141.4 km2. In the past year, the Corporation has more than quadrupled its surface footprint from its original mining permit in what it believes to be one of the most prospective and underexplored areas of Morocco. The Corporation will continue to proactively add exploration permits as it develops a greater understanding of the regional geology, structure, and mineralization models.

Currently, 4 DDH rigs are turning at Boumadine, with 3 additional surface rigs expected in the coming weeks as part of the 120,000m drill exploration program. The Corporation will test targets generated by 2023 and 2022 exploration work including drilling, the hyperspectral survey, detail airborne geophysics (magnetics and electromagnetics), detail mapping and prospecting. The 2024 program will test strike extensions of the Boumadine Main Trend; N030 and N70 structures; extensions of the Tizi Zone; and other exploration targets based on the mapping and prospecting data.

A surface mapping and prospecting campaign on the permits acquired in 2023 is well underway. In addition to a 90-grab sampling program, an ongoing mapping campaign has allowed identification of several new mineralized structures that will warrant further work. Aya has implemented a quality control program to comply with best practices in sampling and analysis of drill core and surface sampling.

Samples were delivered in sealed bags to Afrilab mechanical preparation unit at Boumadine, and prepared pulps transported for analysis at Afrilab laboratory in Marrakech. Standards of different grades and blanks were inserted every 25 samples in addition to the standards, blanks and pulp duplicate inserted by Afrilab.