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Rabat – Canadian mining company Aya Gold & Silver has announced promising and detailed results of its drilling operations at the Zgounder silver mine in Morocco’s Atlas mountain range.
In an April 12 press release, CEO Benoit La Salle expressed his satisfaction with the “terrific success” of the drilling program in the Zgounder mine, which will significantly increase the company’s profits.
The drill exploration program noted an increase in “both continuity and thickness [of the production area located] between the 2,000 and 1,975 meter levels.”
Aya Gold & Silver drilled three holes that found “significant silver mineralization” at the two levels.
Samples of drilled metals such as silver, copper, iron, lead, and zinc were analyzed by African Laboratory for Mining and Environment (“Afrilab”) in Marrakech.
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The drilling program results reaffirm Aya Gold & Silver’s high expectations for the Zgounder mine.
In February, La Salle noted that the Zgounder mine “ranks among the highest-return silver projects globally” thanks to “its low capital outlay, low operating costs, and quick payback.”
He further stated that the mine should significantly contribute to the region’s economic development by providing more than 400 job opportunities.
In 2021, the company produced 1.6 million ounces at the Zgounder mine, marking a year-to-year increase of 120%, exceeding initial estimates.
With a central focus on the Moroccan mining sector, Aya Gold & Silver is exploring its properties in the Anti-Atlas mountains as well as advancing its Boumadine polymetallic project. The company has also launched a gold project in Tijiti, Mauritania.
In August, the Canadian company discovered a four-kilometer-long mineralized area in Imiter bis, around 120 kilometers from Ouarzazate.
Read Also: Morocco Announces New 2021-2030 Mining Plan
