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    market news

    Maya Gold & Silver Reports Monthly Silver Production

    Melissa Shaw
    May. 12, 2017 08:35AM PST
    Gold Investing

    Maya Gold & Silver (“Maya” or the “Corporation”) (TSX VENTURE:MYA) announce its production of silver for the month of April 2017 as well as an update of the mining operations at its Zgounder Millenium Silver Mine. The decrease in production compared to the previous month is explained by a scheduled maintenance shutdown of the power …

    Maya Gold & Silver (“Maya” or the “Corporation”) (TSX VENTURE:MYA) announce its production of silver for the month of April 2017 as well as an update of the mining operations at its Zgounder Millenium Silver Mine.
    The decrease in production compared to the previous month is explained by a scheduled maintenance shutdown of the power generators lasting a week. Several corrective and preventive measures were taken during this shutdown. The mine and mill was operating at full capacity at the end of the month and mine management is confident that production will recover production deficit during the course of next month.
    Development highlights at the Zgounder Mine
    During the month of April 2017, underground exploration and development consisted of 996 metres of percussion drilling in seven mine workings. Highlights of the work completed are:

    • In the Western Zone, at level 2100 (Panel 1), mineralization was discovered by percussion drilling at the intersection of EW and NS-oriented structures and near the contact of the doleritic dyke and the Neoproterozoic metasedimentary series. The mineralization consisted of disseminated sulfides (sphalerite, galena and pyrite) accompanied by native silver in fractures and quartz veinlets. Panel 5y et 6Y are located near the same level (2006 to 2106 m) and present silver mineralization in a similar structural and geological context while being strongly altered in sericite and chlorite.
    • Other percussion drill holes have confirmed the presence of silver mineralization at the 2006 level.

    Furthermore, the 6,000 m surface drilling program was initiated on the eastern segment of the Zgounder mine to determine the continuity and extension of the silver mineralization discovered during the 2015 drilling program.
    Click here to read the full text release.

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