The Technical Report titled “Technical Report and Updated Mineral Resource Estimate Zgounder Silver Project, Kingdom of Morocco” is dated April 30, 2021 and supports the disclosure made by the Corporation in its March 16, 2021 press release announcing a 340% increase in Measured and Indicated Mineral Resources at Zgounder.
Over 8,000 metres Exploration Target established below current Mineral Resources and laterally to the east.
Eng, FEC, CET, President of P&E Mining Consultants Inc., an independent Qualified Person, have reviewed and approved the scientific and technical information in this press release for accuracy and compliance with NI 43-101.
Aya is currently operating mining and processing facilities at its Zgounder Silver Mine, an 85%-15% joint venture between its subsidiary, Zgounder Millenium Silver Mining SA, and the Office National des Hydrocarbures et des Mines of the Kingdom of Morocco.
Its mining portfolio also includes the Boumadine polymetallic deposit located in the Anti-Atlas Mountains of Eastern Morocco, which is also a joint venture with ONHYM wherein Aya retains an 85% ownership.
This press release contains certain statements that constitute forward-looking information within the meaning of applicable securities laws , silver price, exchange rates, fuel and energy costs, future economic conditions, anticipated future estimates of free cash flow, and courses of action.
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, risks associated with infectious diseases 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 2020 Annual Information Form dated March 31, 2021, and in other filings of Aya with securities and regulatory authorities which are available on SEDAR at www.sedar.com.