Aya Gold & Silver Inc. announced new high-grade drill exploration results from its 2023 completed program of 76,000 meters at Boumadine in the Kingdom of Morocco. The new results confirm the large, high-grade mineralized zones in the southern and northern portions of the Main Trend, which remains open in all directions. For 2023, 197 diamond drill holes ("DDH") for 74,295m were completed at Boumadine with the remaining meterage of the 76,000m were completed in the first week of January 2024.

Infill drilling was conducted on strike along the Main Trend (South, Central, and North Zones) while exploration drilling also targeted the North-West, Tizi and North-East Zones. The majority of results have been received for drill holes up to BOU-DD23-255. Results received since November 2023 confirm the high grade of the southern infill sections of the Main Trend, notably with holes BOU-DD23-223 and BOU-DD23-230 intersecting large, mineralized zones.

The main mineralization generally consists of 1m to 4m wide (locally reaching over a 10m width) N340- oriented massive sulphide lenses/veins sharply dipping eastward (> 70°). The massive sulphide veins (>80%) are mainly composed of pyrite, with variable proportions of sphalerite, galena, and chalcopyrite. Following completion of the 2023 drilling program, the Corporation expects to publish an NI 43-101 compliant resource by the end of first quarter-2024.

The 2024 drill program is already underway, a portion of which will continue extending the strike-length of the Boumadine Main Trend but with a primary focus on exploring targets outside of the Main Trend. Final numbers will be announced later in first quarter. Fieldwork commenced on the new permits in 2024 with a hyperspectral survey, mapping and prospecting.

High resolution airborne geophysics (magnetics and MobileMT) is expected to begin later in first quarter.