MAYA GOLD AND SILVER SET TO START THE EXPLORATION AND DEVELOPMENT OF ITS AZEGOUR* MINE (*COPPER, MOLYBDENUM, TUNGSTEN AND URANIUM).
The work contemplated involves computerization, surface exploration, underground exploration at already accessible levels, surveying, geophysical survey, surface diamond drilling, underground percussion drilling, metallurgical testing with sampling of historical tailings and rock piles as well the cleaning of the legacy.
The Corporation has hired GoldMinds Geoservices Inc. to guide and assist the Maya technical team at Azegour to ensure that work and procedures are well aligned with standard best practice with these commodities with the intent to use the findings in the preparation of an independent NI 43-101 technical report.
Maya Gold & Silver acquires 100% interest in the Azegour Mine and its related mining permit from Ouiselsat Mines S.A.
2003 – 2008
Mine exploration by Ouiselat Mines S.A. for W and Cu, underground and surface work at the Tizgui and Iszarifan sites, underground channel sampling, assays of 0.25, 0.27 and 0.57 wt. % MoS₂ obtained and three drill holes totaling 131 m.
1984 – 1990’s
Mapping and rock sampling of the Azegour area by a Japanese mining consortium on behalf of the MEM
Shut down of the Azegour mine due to low commodities prices. Discovery of scheelite (CaWO4) and failed exploitation by the BRPM
1958 – 1970
Sporadic exploration for Mo and Cu. Exploration included 8,400 m of drifts and 4,000 m of drill core
Historical resources evaluated at 120,000 t at 0.20 % MoS₂ and 130,000 t at 0.20 % W0₃
1946 – 1947
Historical reserves evaluated at 500,000 t at 0.2 % MoS₂
First exploitation by the Société le Molybdène which produced over 200 tonnes of 85% molybdenite (MoS₂) concentrate
First investigation by les Sociétés des Mines de Béni-Aicha et d’Entifa