Maya Intersects 233 g/t Ag Over 36.5m, Including 1.184 Kg/t Ag Over 4.5 Metres at Zgounder

MONTRÉAL, QUÉBEC–(Marketwired – Sept. 6, 2017) - Maya Gold & Silver Inc. (“Maya” or the “Corporation”) (TSX VENTURE:MYA) is pleased to announce positive diamond drill hole results from its Zgounder Silver Mine exploration program. A total of thirty-two new intercepts in 9 holes are reported in this release.

Highlights

  • 18 Holes have been drilled to date for 4214.8 metres (August 28th compilation)
  • Hole ZG-17-03 intersected 233 g/t Ag over 36.5 from 25 to 61.5m including 1,184g/t Ag over 4.5m at 42.5m
  • Hole ZG-17-10 intersected 177 g/t Ag over 55.5m from 43.5 to 99m including 373g/t Ag over 8m at 71m (partially disclosed in Press Release of August 15th)
  • Hole ZG-EXT6-17-S2 intersected 152 g/t Ag over 19.5m from 27.5 to 47m including 406 g/t Ag over 3m at 38m
  • Hole ZG-EXT6-17-S10 intersected 1,315 g/t Ag over 9m from 12 to 21m including 3.8Kg/t Ag at 13.5m (partially disclosed in Press Release of August 2nd)
  • Silver grades are uncut, core length disclosed, true thickness is estimated to be 70% to 80% of core length.

The Hole ZG-17-03 extend mineralization at depth from known zones (panel 8 & 9) at higher elevation as well as hole ZG-17-10. These positive intervals are extending the mineralization at depth. The following tables present additional information on intersections of interest and the drillhole parameters. The map present drillholes location and the position of the intersections of interest.

The Eastern sector has delivered good results and present mineralization at surface. The intervals intersected puts the table for a larger operation scenario in the longer term as well as maintaining the development of the high grade operation” said Noureddine Mokaddem, President & CEO of Maya Gold & Silver.

Table with holes of the Eastern sector

Hole # From To Length Ag
(m) (m) (m) g/t
ZG-EXT6-17-S1 0 18 18 62
including 0 3 3 248
ZG-EXT6-17-S2 27.5 47 19.5 152
including 30.5 33.5 3 223
including 38 41 3 406
ZG-EXT6-17-S3 0 13.3 13.3 65
and 26 32 6 113
ZG-EXT6-17-S4 106 130 24 34
and 139 142.5 3.5 158
including 139.5 140.5 1 382
ZG-EXT6-17-S5 3 13 10 58
including 11.8 13 1.2 225
ZG-EXT6-17-S7 2 3.5 1.5 146
ZG-EXT6-17-S10 0 3 3 312
and 12 21 9 1 315
including 13.5 16.5 3 3 808
and 56 57.5 1.5 203
and 148 149.5 1.5 184

Table with holes of the Eastern sector

Hole # From To Length Ag
(m) (m) (m) g/t
ZG-17-03 partial 0 8.5 8.5 36
and 25 61.5 36.5 233
including 38 45 7 821
including 38 42.5 4.5 1 184
including 52 54 2 301
and 90 93 3 248
and 114 132 18 60
ZG-17-10 0 18.5 18.5 101
including 3 11 8 150
and 43.5 99 55.5 177
including 51 55 4 472
including 61 62.5 1.5 987
including 71 79 8 373
and 202 206.5 4.5 97

Core length. values uncut. true thickness is estimated to be 70% to 80% of intersection.

Table of hole location disclosed in that press release

Hole Easting Northing Elevation Azimut Dip Length(m)
ZG-EXT6-17-S1 276488 420366 2216 159 -45 92.9
ZG-EXT6-17-S2 276488 420366 2216 140 -45 106.1
ZG-EXT6-17-S3 276488 420366 2216 180 -45 87.3
ZG-EXT6-17-S4 276488 420366 2216 115 -45 153.3
ZG-EXT6-17-S5 276488 420366 2216 200 -45 72
ZG-EXT6-17-S7 276488 420366 2216 150 -57 101
ZG-EXT6-17-S10 276488 420366 2216 45 -60 177.8
ZG-17-03 275744 420369 2019 88 -45 383
ZG-17-10 275828.13 420391.48 2043 160 -60 231.6

Click here to view the Diamond drillholes location map showing completed drillhole and holes to the East in Green

Click here to view Diamond drillholes location map showing intersections of interest

Quality Control / Quality Assurance (QA/QC)

The samples were analyzed by at the independent laboratory Analyse Development Minier S.A.R.L. The core sample are crushed to have d80 passing 2mm and afterward riffle split to have 100grams which is pulverized to have a pulp d80 of 75 microns Multi acid digestion and Atomic Absortion reading. Fire assay is used for high grade silver sample. The standards and blanks are in line with expected results and allow public disclosure of the results.

Qualified Persons

The technical content of this news release has been prepared and reviewed on the basis of information received from the ZMSM as well as personally collected during site visits by Claude Duplessis Eng. Geological Engineer from GoldMinds Geoservices Inc, independent Qualified Person under NI 43-101 standards.

ABOUT MAYA

Maya Gold & Silver Inc. is a Canadian publicly listed mining corporation focused on the exploration and development of gold and silver deposits in Morocco. Maya is initiating mining and milling operations at its Zgounder Mine owned by ZMSM, a Maya 85% owned joint venture with l’Office National des Hydrocarbures et des Mines of the Kingdom of Morocco (15%).

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking statements

This news release contains statements about our future business and planned activities. These are “forward-looking” because we have used what we know and expect today to make a statement about the future. Forward-looking statements including but are not limited to comments regarding the timing and content of upcoming work and analyses. Forward-looking statements usually include words such as may, intend, plan, expect, anticipate, and believe or other similar words. We believe the expectations reflected in these forward-looking statements are reasonable. However, actual events and results could be substantially different because of the risks and uncertainties associated with our business or events that happen after the date of this news release. You should not place undue reliance on forward-looking statements. As a general policy, we do not update forward-looking statements except as required by securities laws and regulations.

CONTACT INFORMATION

Maya Gold & Silver Inc.
Noureddine Mokaddem
President & CEO
+1 514-978-6111 / +212 661-196-111
nmokaddem@mayagoldsilver.com
or
Maya Gold & Silver Inc.
Nathalie Dion
Investor Relations
514-866-2008
ndion@mayagoldsilver.com




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