Aya Gold & Silver Hits Ultra High-Grade Silver at Zgounder, Including 5,100 g/t Over 2m
AYA has more than doubled off its 52-week low of $8.266.
Summary
Aya Gold & Silver reported exceptional high-grade silver drill results from its Zgounder mine in Morocco. Key intercepts include 5,100 g/t silver over 2.0 meters and 2,176 g/t silver over 8.4 meters, confirming strong continuity of mineralization. This follows a series of positive news for the company, including its Nasdaq listing, strong Q1 earnings, and high-grade exploration results from its Boumadine Project earlier in May. These results indicate significant exploration potential, particularly near the Western Fault and at depth, which could materially expand the mine's resource base and extend its life. The company is advancing development of an exploration drift to support further drilling west of the fault in the second half of the year.
At the time of this announcement, AYA was trading at $21.17 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $3B. The 52-week trading range was $8.27 to $22.00. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: GlobeNewswire.