Overview
AYA Gold & Silver Inc. (AYA);(TSX:AYA) is a Canadian listed mineral exploration and development company.
The Company is focused on the acquisition, exploration and evaluation of mineral properties located in Morocco. Our Flagship projects are Zgounder silver mine, located 260Km east of the coastal city of Agadir, within the Proterozoic Siroua Massif of the Anti-Atlas Range. And Boumadine polymetallic deposit, located within the Ougnat Proterozoic window in western Morocco.
The Company also owns several mining assets such as: Amizmiz property, the Azegour property, the Mining permit No 233263 and the Touchkal property. In addition to this, the company owns La Campana Property, located 70 kilometers east of the city of Mazatlan and close to Baluarte River in Mexico.
Maya Gold & Silver’s goal is to create shareholder value by generating revenue and growth through acquisition and exploration programs. Our experienced team of directors and officers have a large experience and strong capabilities on launching and operating precious and base metal mines around the world.
Maya is concentrating its efforts on developing its flagship projects : the Zgounder Silver Mine reached commercial production and we actually plan to conduct pre-economic assessment studies on the Boumadine polymetallic deposit.
•Politically Stable: Constitutional monarchy
•Excellent & Modern Transport & Power Infrastructure: Extensive national grid and road network
•Abundance of Highly Skilled Workforce: Morocco is an important producer of phosphate as well as precious and base metals
•New Mining Code and attractive financial parameters: In order to accelerate its mining activity Morocco passed a progressive mining code and development strategy aimed at opening this sector to foreign investment. The government has a 15% free-carried interest and a 3% NSR Royalty. The government is open to negotiate the buy-back of its 15% interest
•Attractive Fiscal Regime: New mining projects are subject to a five-year tax exemption and thereafter a 17.5% tax rate
•Largely Underexplored: History of state ownership and lack of geological mapping (~35% of the country has been mapped)
•Diverse & Highly Prospective Geology: Including precious and base metals as well as phosphates
Maya Gold and Silver owns 85% of the Zgounder Silver Project and is on an Assignment Agreement with the « Office National des Hydrocarbures et des Mines » (“ONHYM”), a Moroccan state institution, that owns the rest of the 15%.
Historical mineral resources do not refer to any category of sections 1.2 and 1.3 of the NI-43-101 Instrument such as mineral resources or mineral reserves as stated in the 2010 CIM Definition Standards on Mineral Resources and Mineral Reserves.