Aya Gold & Silver Inc. Expands Exploration in Morocco with New Permits and Drilling Initiatives
- Aya Gold & Silver expands exploration in Morocco by acquiring six new permits, increasing the Zgounder area by 11.9%.
- The company initiates a Reverse Circulation drilling program at Zgounder to target silver, copper, and gold anomalies.
- Aya's silver production at Zgounder has increased by 64% since 2025, reflecting its growing output capabilities.
Aya Gold & Silver Expands Exploration Footprint in Morocco
Aya Gold & Silver Inc., a prominent Canadian miner focused on precious metals, announces a strategic expansion of its exploration activities in Morocco by acquiring six new permits. This acquisition boosts the Zgounder exploration area by 11.9%, increasing its total size to 452.7 square kilometers. The move reflects Aya's commitment to enhancing its operational capacity in Morocco, especially in the open-pit and underground sectors. The company is keen on leveraging this expanded footprint to increase its resource base, which is critical for sustaining and potentially increasing silver production in the region.
As part of its exploration strategy, Aya initiates a Reverse Circulation (RC) drilling program at the Zgounder Far East site, targeting four significant geochemical anomalies that are rich in silver, copper, and gold. The ambitious drilling campaign plans to cover 2,250 meters, aiming to tap into the region's mineral wealth. Recent reports highlight high-grade silver findings from ongoing drilling at the Zgounder silver mine, which is recognized as the second largest mining area in Morocco, second only to Imiter. The company's focus on the Touchkal blocks is expected to play a pivotal role in maximizing the Zgounder regional project's potential.
Significantly, Aya Gold & Silver has demonstrated robust financial backing through partnerships, raising $67.5 million (€62.6 million) to support its mining operations. The company commits to invest an additional $50 million in Morocco over the coming years, reinforcing its long-term growth strategy in the region. However, Aya also remains cognizant of potential challenges ahead, including the need for government approvals, economic volatility, and the inherent fluctuations in commodity prices. Such factors could impact the operational landscape as the company seeks to optimize its mining ventures.
In addition to the expansion, Aya's silver production at Zgounder has seen a remarkable increase of 64% since the start of 2025, showcasing the mine's growing output capabilities. The recent securing of a $25 million credit facility from the European Bank for Reconstruction further strengthens Aya’s financial position, enabling the company to navigate the complexities of the mining sector while pursuing its ambitious growth agenda. The ongoing enhancements in exploration and production capabilities position Aya Gold & Silver as a key player in the precious metals mining industry in Morocco.