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Maya Gold & Silver Acquires the Zgounder Silver Mine in Morocco
Sep. 15, 2011 05:05PM PST
Silver InvestingMaya Gold & Silver Inc. (CVE:MYA) announced it will acquire 85% of the Zgounder project in a joint venture agreement.
Maya Gold & Silver Inc. (TSXV:MYA) announced it will acquire 85% of the Zgounder project in a joint venture agreement.
The press release is quoted as saying:
The silver deposit, located 150km south of Marrakech and approximately 250km east of the major port city of Agadir in the Kingdom of Morocco, is accessible through gravel road and is covered by the Permis d’Exploitation PE 2306 (16 square kilometres). The Zgounder mine has been kept on a care and maintenance basis by the ONHYM since operations were shutdown in 1990 as a result of the weak silver price.