Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF) ('Aya' or the 'Corporation') is pleased to announce new high-grade exploration drill results at Boumadine and acquisition of a new adjacent exploration permit at Boumadine in the Kingdom of Morocco.
The new results extend the main mineralized trend by 400 meters and continue to demonstrate continuity of the Boumadine Main Zone. The north area returned high-grade intersections, which expand the mineralization both at depth and to the north, with section 5400N to the south extending Boumadine Main trend as well. The Main Zone remains open in all directions.
Key Highlights1 Definition of new high-grade mineralization and extension of the South Zone. The Main Zone now has an open-ended strike length of over 4.2 kilometres ('km'). o BOU-DD23-143 intersected 1,410 grams per tonne ('g/t') silver equivalent ('AgEq') over 9.3 meters ('m') (12.34 g/t Au, 94 g/t Ag, 2.5% Zn, 0.4% Pb and 0.1% Cu) including 6.1m at 1,796 g/t AgEq o BOU-DD23-161 intersected 664 g/t AgEq over 8.4m (4.72 g/t Au, 122 g/t Ag, 1.1% Zn, 0.2% Pb and 0.3% Cu), including 3.9m at 1,280 g/t AgEq and 3.2m at 933 g/t AgEq o BOU-DD23-168 intersected 698 g/t AgEq over 7.8m (4.36 g/t Au, 97 g/t Ag, 2.4% Zn, 1.3% Pb and 0.2% Cu), including 3.0m at 1,336 g/t AgEq o BOU-DD23-152 intersected 928 g/t AgEq over 5.9m (7.42 g/t Au, 153 g/t Ag, 0.3% Zn, 1.7% Pb and 0.1% Cu), including 4.9m at 1,056 g/t AgEq o BOU-DD23-162 intersected 748 g/t AgEq over 7.2m (6.39 g/t Au, 82 g/t Ag, 0.8% Zn, 0.4% Pb and 0.1% Cu), including 1.3m at 1,661 g/t AgEq and 3.2m at 933 g/t AgEq o BOU-DD23-148 intersected 456 g/t AgEq over 10.4m (2.63 g/t Au, 64 g/t Ag, 2.4% Zn, 0.1% Pb and 0.1% Cu), including 2.3m at 1,195 g/t AgEq Acquisition of a 16 km-2 exploration permit east of Boumadine as part of a reallocation of exploration permits by the Moroccan Directorate of Mines. A video of the Boumadine property showing drilling results to August 2023 can be viewed here.
'Today's high-grade drill results at Boumadine confirm the continuity and extension of the mineralized footprint of the Main Zone in every direction,' said Benoit La Salle, President & CEO. 'We have completed 61% of our expanded drill exploration program and as the new Boumadine video shows, extended the Boumadine strike length by over 55% to 4.2 kilometers in the past 12 months. We have also added prime exploration ground nearby and continue to consolidate and drill the property, which will deliver value for all stakeholders.'
2023 Exploration
Results To date, 233 diamond drill holes ('DDH') for a total of 48,276m have been completed at Boumadine in 2023. Both infill and exploration drilling were conducted on strike along the Main Trend (South, Central, and North Zones). The 76,000m program is expected to be complete by the end of December 2023. Drill results have been received for all drill holes up to BOU-DD23-164 with the addition of holes BOUDD23-168, BOU-DD23-169, BOU-DD23-193 and BOU-DD23-197. Results received since July 2023 extend the mineralization an additional 200m to the south with BOUDD23-193 and BOU-DD23-197 intersecting the upper-part of the Main Trend mineralization in the form of massive sulphide veins. Relogging activities, which began at the beginning of the year to add past drilling to the database, have increased the mineralization by an additional 200m to the north. 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-degree). The massive sulphide veins (>80%) are mainly composed of pyrite, with variable proportions of sphalerite, galena, and chalcopyrite. Central and South Zones
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 pastproducing 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.
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.
AYA GOLD & SILVER INC. 
