Aya Gold & Silver says recent drilling at its Zgounder silver mine in Morocco has found more high-grade silver, adding to signs that the deposit could extend further than previously known.
The company has drilled 9,250 metres at the mine since the start of the year, completing nearly a third of its 2026 exploration programme. According to Aya, the latest results show silver mineralisation continues around the open pit and in the central part of the site.
The company also reported new findings near the western fault, an area it believes could hold additional resources. Work is continuing on an exploration tunnel ahead of further drilling planned later this year.
“The latest results confirm the continuity of high-grade mineralisation and the expansion potential of the deposit,” said Benoit La Salle, President and Chief Executive Officer of Aya Gold & Silver.
He added that drilling along the granite contact showed “encouraging continuity at depth”.
The update builds on earlier drilling results released this year as Aya continues efforts to expand known mineralisation at Zgounder, one of its main assets in Morocco.
Investors reacted positively to the news. Aya’s shares rose 1.7% in pre-market trading in the United States after the announcement.
The stock had closed down 1.3% at C$28.65 on the Toronto Stock Exchange the previous day.
