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Aya Gold & Silver Pours First Silver at Expanded  Zgounder Mine

Jul 9, 2024 | blog

MONTREAL, July 09, 2024 (GLOBE NEWSWIRE) — Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF) (Aya or the Corporation) is happy to announce that it has accomplished the inaugural silver pour at its expanded Zgounder Silver Mine within the Kingdom of Morocco.

  • Highlights
  • On July 2, the primary silver pour was achieved:
    • First silver bars had been poured with silver cement from the present cyanidation plant.
    • First pour was an vital step for the continuing scorching commissioning of the foundry and retort sub system.
  • Commissioning actions are progressing to plan:
    • Low-speed testing of the ball mill is full.
    • Hydrostatic checks have been carried out on most water tanks, reactors and thickeners.
    • Preparation for moist commissioning is ongoing with a number of the water circuit already examined.
    • Commissioning stays on schedule with ore feed to the mill anticipated in Q3-2024 and business manufacturing in This fall-2024.

This pour marks one other vital milestone in our growth as we transition to full manufacturing by This fall-2024. Congratulations to the operations group at Zgounder for safely delivering this watershed second, stated Benoit La Salle, President & CEO of Aya. We are actually targeted on commissioning and ramping up the mill to nameplate capability.

Figure 1 “ First Silver Pour at Zgounder

Figure 2 “ Raising the Bar at Zgounder

About Aya Gold & Silver Inc.

Aya Gold & Silver Inc. is a quickly rising, Canada-based silver producer with operations within the Kingdom of Morocco.

The solely TSX-listed pure silver mining firm, Aya operates the high-grade Zgounder Silver Mine and is exploring its properties alongside the possible South-Atlas Fault, a number of of which have hosted past-producing mines and historic sources. Aya’s Moroccan mining belongings are complemented by its Tijirit Gold Project in Mauritania, which is being superior to feasibility.

Aya’s administration group has been targeted on maximising shareholder worth by anchoring sustainability on the coronary heart of its operations, governance, and monetary development plans.

For extra data, please go to Aya’s web site at www.ayagoldsilver.com.

Or contact

Benoit La Salle, FCPA, MBA
President & CEO
Benoit.lasalle@ayagoldsilver.com
Alex Ball (NYSE:)
VP, Corporate Development & IR
alex.ball@ayagoldsilver.com

Forward-Looking Statements

This press launch accommodates sure statements that represent forward-looking data inside the that means of relevant securities legal guidelines (forward-looking statements), which displays administration’s expectations relating to Aya’s future development and enterprise prospects (together with the timing and improvement of recent deposits and the success of exploration actions) and different alternatives. Wherever attainable, phrases similar to anticipated, on schedule, scale back, to enhance, guarantee, ,and comparable expressions or statements that sure actions, occasions or outcomes could, might, would, would possibly, will, or are more likely to be taken, happen or be achieved, have been used to determine such forward-looking data. Specific forward-looking statements on this press launch embrace, however aren’t restricted to, statements and knowledge with respect to development of the commissioning work in line with Aya’s plan. Although the forward-looking data contained on this press launch replicate administration’s present beliefs primarily based upon data presently accessible to administration and primarily based upon what administration believes to be cheap assumptions, Aya can’t be sure that precise outcomes shall be according to such forward-looking data. Such forward-looking statements are primarily based upon assumptions, opinions and evaluation made by administration in gentle of its expertise, present circumstances, and its expectations of future developments that administration consider to be cheap and related however that will show to be incorrect. These assumptions embrace, amongst different issues, the power to acquire any requisite governmental approvals, acquiring regulatory permits for on-site work, importing items and equipment and employment permits, the accuracy of Mineral Reserve and Mineral Resource Estimates (together with, however not restricted to, ore tonnage and ore grade estimates), the worth of silver, the worth of gold, trade charges, gas and power prices, future financial circumstances, anticipated future estimates of free money stream, and programs of motion. Aya cautions you to not place undue reliance upon any such forward-looking statements.

The dangers and uncertainties that will have an effect on forward-looking statements embrace, amongst others: the inherent dangers concerned in exploration and improvement of mineral properties, together with authorities approvals and allowing, adjustments in financial circumstances, adjustments within the worldwide value of silver gold and different key inputs, adjustments in mine plans (together with, however not restricted to, throughput and recoveries being affected by metallurgical traits) and different elements, similar to venture execution delays, lots of that are past the management of Aya, in addition to different dangers and uncertainties that are extra absolutely described in Aya’s 2023 Annual Information Form dated March 28, 2024, and in different filings of Aya with securities and regulatory authorities which can be found on SEDAR+ at www.sedarplus.ca. Aya doesn’t undertake any obligation to replace forward-looking statements ought to assumptions associated to those plans, estimates, projections, beliefs, and opinions change. Nothing on this doc must be construed as both a proposal to promote or a solicitation to purchase or promote Aya securities. All references to Aya embrace its subsidiaries except the context requires in any other case.

Photos accompanying this announcement can be found at

https://www.globenewswire.com/NewsRoom/AttachmentNg/583d1966-abf5-40d8-a311-c96d2e7c35ca

https://www.globenewswire.com/NewsRoom/AttachmentNg/3ab2c87a-03db-4adc-a859-ffcf46e72043

Figure 1

First Silver Pour at Zgounder

Figure 2

Raising the Bar at Zgounder

Source: Aya Gold & Silver Inc.
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