Maya Gold & Silver Announces Positive NI 43-101 Preliminary Economic Assessment

Maya Gold & Silver Inc. (TSXV:MYA) is pleased to announce the results of independent NI 43-101 Preliminary Economic Assessment Study on the Zgounder Silver Mine in Morocco. The PEA Study was prepared by SGS Geostat Blainville (SGS) with the contributions of Goldminds Geoservices Inc. Québec City (GMG) and is effective as of January 10th, 2014.

Highlights from the company’s PEA include:

• A mining life of 10 years with the current resources;
• First year silver production of 647,000 ounces, followed by a regular production of 1,027,000 ounces per year;
• Very high mill feed grade estimated at 360 g/t Ag;
• Total operating cost of USD113.46 per tonne (averaged over the expected mine’s life);
• Additional capex requirements of USD3.8 million, including the concentrator expansion;
• Internal rate of return of 174 per cent;
• Net present value of USD65.9 million (discounted at 6.5 per cent) at silver price of USD22 per ounce;
• The Zgounder PEA was prepared as a strictly underground mine related solely to the mineral resources reported on February 19, 2014.

Click here to view the full report.