MYA.TO
Gold: US $
Silver: US $
Copper: US $
Zinc: US $
Lead: US $

Overview

About
Maya Gold &
Silver

Maya Gold & Silver Inc. (MAYA);(TSX:MYA) is a Canadian listed mineral exploration and development company.

 

The Company is focused on the acquisition, exploration and evaluation of mineral properties located in Morocco. Our Flagship projects are Zgounder silver mine, located 260Km east of the coastal city of Agadir, within the Proterozoic Siroua Massif of the Anti-Atlas Range. And Boumadine polymetallic deposit, located within the Ougnat Proterozoic window in western Morocco.

 

The Company also owns several mining assets such as: Amizmiz property, the Azegour property, the Mining permit No 233263 and the Touchkal property. In addition to this, the company owns La Campana Property, located 70 kilometers east of the city of Mazatlan and close to Baluarte River in Mexico.

Optimizing opportunities in
Morocco

 

Maya Gold & Silver’s goal is to create shareholder value by generating revenue and growth through acquisition and exploration programs. Our experienced team of directors and officers have a large experience and strong capabilities on launching and operating precious and base metal mines around the world.

Maya is concentrating its efforts on developing its flagship projects : the Zgounder Silver Mine reached commercial production and we actually plan to conduct pre-economic assessment studies on the Boumadine polymetallic deposit.

Why Morocco?

Stability, infrastructure, opportunity

 

  • Constitutional monarchy with long history of political stability
  • Africa’s most Europeanized country
  • Young country – 65% of the population is under 25 years of age
  • Excellent network of roads
  • Thermal coal and hydroelectric energy, emerging solar capabilities
  • Mining viewed as a driver of economic development
  • Most important producer of phosphates in the world
  • Favorable legislative and tax environment
    • 5-year tax exemption for new mining projects
    • 50% tax reduction for miners exporting their products
    • State contribution on implementation of new infrastructure
  • Underexplored land with significant mineral potential
  • Strategic location with access to global markets

Maya Corporate Structure

Maya Gold & Silver
TSX Listed
Public Shareholders
Companie Minière
Maya Maroc
Zgounder Millenium
Silver Mining S.A (Ag)
85%
Total mineral resource estimate at Zgounder.
10 Moz (Ag) Measured+Indicated & 28.3 Moz
(Ag) Inferred (by GoldMinds Geoservices,
January 8th, 2018).
Boumâadine Deposit
(Au, Ag, Pb, Zn)
85%
Historical mineral resource* by BRPM 1998.
3,838,970 t at 3.60 g/t Au (444,330 oz.), 203
% Pb.
ONHYM
15%
Amizmiz (Au)
100%
Historical mineral resources*
Inferred Resources 342,000 oz Au
Azegour (Mo, W, Cu)
100%
Historical mineral resources*
6000 t Mo, 2000 t Cu, 1000 t W
Permit 233263
100%
Adjacent to the Imiter Silver Mine.
Touchkal
100%
Potential extension of the Zgounder Mine.
Atlas Gold & Silver
100%

Legend

  • Mining permits
  • Exploration permits 100% owned by Maya Gold and Silver
  • Maya Gold and Silver owns 85% of the Zgounder Silver Project and is on an Assignment Agreement with the « Office National des Hydrocarbures et des Mines » (“ONHYM”), a Moroccan state institution, that owns the rest of the 15%.
  • Historical mineral resources do not refer to any category of sections 1.2 and 1.3 of the NI-43-101 Instrument such as mineral resources or mineral reserves as stated in the 2010 CIM Definition Standards on Mineral Resources and Mineral Reserves.

History

2019

Maya Gold & Silver Reports Positive NI 43-101 Preliminary Economic Assessment Results at the Boumadine Polymetallic Mine in Morocco Project Indicates Pre-tax IRR of 56% with an NPV of US$574.8 Million And After-tax(*) IRR of 53% with an NPV of US$497.6 Million (NPV discounted at 6.5%)

MAYA GOLD AND SILVER SET TO START THE EXPLORATION AND DEVELOPMENT OF ITS AZEGOUR* MINE (*COPPER, MOLYBDENUM, TUNGSTEN AND URANIUM)

2018

Maya Gold & Silver Reports Positive NI 43-101 Preliminary Economic Assessment Results at the Zgounder Silver Mine in Morocco Project Indicates After-tax IRR of 118% with an NPV6.5% of US $200.2 Million;

MAYA GOLD & SILVER NOW CONNECTED TO NATIONAL (ONEE) POWER GRID AND INITIATES TESTING OF THE NEWLY INSTALLED 500 TPD FLOTATION MILL

MAYA GOLD & SILVER ACHIEVES COMMERCIAL PRODUCTION AT ZGOUNDER 500 tpd.

2017

Maya Gold & Silver Has Extended a New Zone to the East by Diamond Drill Hole Supported by Independent Assay of 337 g/t Ag at Zgounder Silver Mine.

Maya Gold & Silver intersected 3809 g/t Ag over 18 meters at its Zgounder Silver Mine.

Zgounder Silver Mine Produces Monthly Record of 53,376 ounces Ag in January 2017.

Maya Extends Corps D To The 1,655mZ Elevation at Zgounder Silver Mine.

Maya will be testing historical intersections in three historical resource sectors through a 2,924m diamond drilling program.

Maya Gold & Silver Presents its Strategic Development Plan and Reports New Surface Drilling Campaign Has Commenced at Zgounder Silver Mine.

Maya Gold & Silver intersect 481 g/t Ag over 8m in surface trench to the East at Zgounder Silver Mine.

2016

Zgounder Silver Mine Produces Monthly Record of 52,086 ounces Ag in January 2016.

Maya Gold & Silver Inc. Announces the Filing of its Financial Statements and MD&A for the Third Quarter Ended September 30, 2016 and an Amendment to the Loan Facility With EBRD.

2015

MAYA OBTAINS FIVE STRATEGIC EXPLORATION PERMITS IN THE ZGOUNDER AREA located in the Taroudant Province in Morocco. Each permit covers 16 square kilometres (4 x 4 km).

Maya Provides Drill Results at Zgounder: Drilling Intersections Include 1098g/t Ag Over 10 meters, 348g/t Ag Over 19-meters & 431g/t Ag Over 20 meters.

Maya Gold & Silver Announces Minimum CAD2.5M Non-Brokered Private Placement.

2014

Maya Gold & Silver Reports Positive NI 43-101 Preliminary Economic Assessment Results at the Zgounder Silver Mine in Morocco;

Maya Gold & Silver start silver production at it’s Zgounder silver mine.

2013

Maya Gold & Silver Acquires (85%) the Boumadine Polymetalic Mine (Zn, Pb, Ag, Au and Ge) in Morocco (ONHYM hold 15% of the property).

2012

The convention for Zgounder silver deposit was signed on January 6th.

2011

100% interest in the Azegour property acquired from Ouiselat Mines, which will receive a 2.5% royalty on revenue generated from the property. The Azegour mine, a past producer of molybdenum, copper and tungsten, lies directly south of the Amizmiz property.

The #233263 property and mining permit acquired. The property is located in an important mining district in the eastern Anti-Atlas mountains of Morocco which hosts the Imiter mine, the 10th largest silver mine in the world.

In April, participation in the international tender organized by L’Office National des Hydrocarbures et des Mines (ONHYM) for the total or partial acquisition of the Zgounder mine.

In September, the Corporation and the ONHYM agreed to negotiate a convention in order for Maya to acquire 85% of the Zgounder Silver Deposit.

2010

100% of the rights to the Amizmiz property purchased from SEGM, a private Moroccan holding company. SEGM retains a 2.5% net smelter royalty on the acquired permits.

Maya identifies further near-term mine production and strategic exploration properties in Morocco.

2009

10% interest in the Amizmiz gold property in Morocco acquired as well as an option to take an additional 60% interest in the project.

Maya chooses to retain La Campana while abandoning the three other concessions along the border of the Mexican states of Durango and Sinaloa.

2008

Initial public offering yields $2,000,000 (8,000,000 common shares at $0.25 per share).

The company lists on the TSX Exchange under the symbol “MYA”.

Maya takes 100% interest in three mining concessions in Mexico through the acquisition of Metales de la Sierra S. de R.L. de C.V., and stakes a fourth concession which surrounds the original three.

2007

Maya Gold & Silver Inc. incorporates under the Canada Business Corporations Act.