Aya Gold & Silver Hits Record 890 g/t AgEq Over 51.5m at Boumadine, Signaling Major Resource Growth
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Aya Gold & Silver reported exceptional high-grade exploration drill results from its Boumadine Project in Morocco, highlighted by a record intercept of 890 grams per tonne silver equivalent (AgEq) over 51.5 meters. This significant finding, which the CEO noted as the strongest drill intercept to date on a grade-thickness basis, confirms robust continuity of wide, high-grade mineralization along the 5.4-kilometer Boumadine Main Trend. The company is aggressively advancing its 2026-2027 infill and expansion program, having completed 20% of the planned drilling with 11 rigs currently active. These results are highly material as they indicate substantial potential for resource growth and could significantly enhance the project's economics and overall valuation. Investors should monitor the upcoming updated Preliminary Economic Assessment (PEA) expected mid-year, which will incorporate these new findings.
At the time of this announcement, AYA was trading at $16.95 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $2.4B. The 52-week trading range was $7.42 to $22.00. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: GlobeNewswire.