Precious Metals
September 7, 2023

Aya Gold & Silver Continues to Drill High-Grade in Elephant Country - Hitting 30m @ 1,005g/t Silver (30,151 W x G)

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Aya Gold & Silver Inc. (TSX: AYA) (OTCQX: AYASF) is pleased to announce additional drill results, confirming high-grade silver mineralization at the Zgounder Silver Mine in the Kingdom of Morocco.

Key Highlights (all intersections are in core lengths)

  • Diamond drill hole ("DDH") DZG-SF-22-162 intercepted 1,242 grams per tonne ("g/t") silver ("Ag") over 9.0 meters ("m"), including 2,052 g/t Ag over 5.0m.

  • In the open-pit area to the East, reverse circulation ("RC") drill hole ZG-RC-23-2230-212 intercepted 2,812 g/t Ag over 8m and ZG-RC-CT7-P63-23-63 intercepted 2,227 g/t Ag over 7.0m, including 6,768 g/t Ag over 2.0m.

  • In the Central Zone from the 1950m level
  • hole TD28-23-1950-704 intercepted 1,893 g/t Ag over 12.0m, including
  • 4,295 g/t Ag over 4.8m
  • hole TD28-23-1950-699 intercepted 1,423 g/t Ag over 9.6m, including
  • 3,474 g/t Ag over 3.6m
  • hole TD28-23-1950-752 intercepted 858 g/t Ag over 12.0m, including
  • 6,552 g/t Ag over 1.2m
  • hole TD28-23-1950-765 intercepted 846 g/t Ag over 12.0m, including
  • 2,238 g/t Ag over 3.6m

  • From surface in the Western Zone, hole ZG-SF-23-010 intercepted 812 g/t Ag over 13.5m, including 2,207 g/t Ag over 4.5m.

  • In the Central Zone at the 2,100m level hole YAKD-23-2100-202 intercepted 1,005 g/t Ag over 30m including 2,354 g/t Ag over 12m.
"Today's high-grade drill results including hole ZG-RC-23-2230-212 near the open-pit area to the East continue to demonstrate continuity of mineralization from surface and at depth over the larger footprint of the deposit," said Benoit La Salle, President & CEO. "We are also very encouraged by the YAKD-23-2100-202 result through definition drilling and expect more significant intercepts in the coming months as we accelerate underground drilling at Zgounder."

Included in this release are results for 397 holes, which include five surface DDH, 13 underground DDH, 284 RC drill hole from pit definition drilling, 95 T28 and 26 YAK holes (T28 and YAK: percussion drilling using an air-compressed hammer).  For

About Aya Gold & Silver Inc.

Aya Gold & Silver Inc. is a rapidly growing, Canada-based silver producer with operations in the Kingdom of Morocco.

The only TSX-listed pure silver mining company, Aya operates the high-grade Zgounder Silver Mine and is exploring its properties along the prospective South-Atlas Fault, several of which have hosted past-producing mines and historical resources. Aya's Moroccan mining assets are complemented by its Tijirit Gold Project in Mauritania, which is being advanced to feasibility.

Aya's management team has been focused on maximising shareholder value by anchoring sustainability at the heart of its operations, governance, and financial growth plans.

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