Tuesday, 02 January 2024 12:17 GMT

Aya Gold & Silver Drill Results Confirm High-Grade Continuity At Boumadine New Permits Secured


Date:

(MENAFN- GlobeNewsWire - Nasdaq) Surpasses 2026 drilling target of 180,000 metres two months ahead of year-end

MONTREAL, Nov. 04, 2026 (GLOBE NEWSWIRE) -- Aya Gold & Silver Inc. (TSX: AYA; NASDAQ: AYA) (“Aya” or the“Company”) is pleased to announce that it has secured additional permits adjacent to the Boumadine mining license, and to report new high-grade drill results at the Boumadine Project (“Boumadine” or the“Project”) from its ongoing infill drill program in the Kingdom of Morocco. These results confirm strong high-grade continuity along the Boumadine Main Trend and support the potential for continued resource growth and scale.

Highlights

Boumadine Main Trend (5.4km)

  • Multiple additional high-grade intercepts 1 :
    • BOU-DD26-1076 intercepted 269 grams per tonne (“g/t”) silver equivalent (“AgEq”) over 11.9 metres (“m”) (1.56 g/t gold (“Au”), 28 g/t silver (“Ag”), 3.3% zinc (“Zn”), and 1.3% lead (“Pb”), including 635 g/t AgEq over 2.6m (3.94 g/t Au, 65 g/t Ag, 6.6% Zn, and 2.7% Pb).
    • BOU-DD26-1072 intercepted 239 g/t AgEq over 17.0 m (1.69 g/t Au, 36 g/t Ag, 1.7% Zn, and 0.3% Pb, including 953 g/t AgEq over 1.7m (7.94 g/t Au, 118 g/t Ag, 3.6% Zn, and 0.3% Pb).
    • BOU-DD26-1078 intercepted 331 g/t AgEq over 9.1m (1.96 g/t Au, 31 g/t Ag, 4.5% Zn and 1.5% Pb).
    • BOU-DD26-1071 intercepted 621 g/t AgEq over 3.7m (5.53 g/t Au, 68 g/t Ag, 1.7% Zn and 0.1% Pb), including 862 g/t AgEq over 2.4m (7.98 g/t Au, 72 g/t Ag, 2.5% Zn, and 0.1% Pb).
    • BOU-DD26-1034 intercepted 442 g/t AgEq over 4.7m (3.2 g/t Au, 77 g/t Ag, 2.9% Zn, and 0.4% Pb) including 645 g/t AgEq over 2.6m (4.61 g/t Au, 108g/t Ag, 4.8% Zn and 0.5% Pb).
  • Exploration Update:
    • 181,685 m of drilling completed at Boumadine year-to-date, ahead of schedule.
    • Achieved 51% of the 2-year infill program of 360,000 m, to be carried out over 2026 and 2027.
    • Secured three additional exploration permits that fill gaps surrounding the Boumadine mining license. The new area of the Project is now 357 km2.

“These drill results confirm the continuity, width and grade of the Boumadine Main Trend, and every round of drilling reinforces the scale of this system,” said Benoit La Salle, President & CEO. “With two months still left in the year, we have already completed our 2026 infill drilling objective, with more than 181,000 m drilled and 16 rigs turning. At the same time, three newly granted exploration permits close the gaps around the mining license and expand the Project area to 357 km2. We are aggressively advancing the 2026–2027 program ahead of the feasibility study next year.”

Table 1 – Significant Intercepts from Boumadine Drill Exploration Program (Core Lengths)

DDH No.
From To Au Ag Length 1 Cu Pb Zn Mo Ag Eq 2
(m) (m) (g/t) (g/t) (m) (%) (%) (%) (g/t) (g/t)
BOU-DD26-1033 16.0 21.0 0.03 127 5.0 0.0 0.0 0.0 1 131
BOU-DD26-1033 173.6 177.2 1.23 34 3.6 0.1 0.4 1.8 43 197
BOU-DD26-1034 229.2 233.9 3.20 77 4.7 0.1 0.4 2.9 74 442
Including 230.4 233.0 4.61 108 2.6 0.2 0.5 4.8 63 645
BOU-DD26-1035 293.2 301.4 0.47 23 8.2 0.1 1.0 2.1 4 134
BOU-DD26-1036 332.9 336.7 2.12 16 3.8 0.0 0.1 0.0 3 211
BOU-DD26-1038 291.8 298.5 2.25 19 6.7 0.0 0.2 0.8 4 245
Including 291.8 294.2 4.71 27 2.4 0.0 0.1 0.7 2 468
BOU-DD26-1040 112.0 118.0 1.08 19 6.0 0.0 0.2 1.7 7 157
BOU-DD26-1041 169.6 174.2 0.81 28 4.6 0.2 0.2 1.1 10 144
BOU-DD26-1042 435.3 439.2 1.83 19 3.9 0.0 0.0 0.1 4 187
BOU-DD26-1043 205.0 210.6 1.70 25 5.6 0.0 0.5 2.5 7 239
Including 206.3 208.4 3.14 43 2.1 0.1 0.9 4.0 10 429
BOU-DD26-1049 224.7 227.6 1.50 21 2.9 0.0 2.1 0.6 15 209
BOU-DD26-1049 224.7 235.2 0.95 17 10.5 0.0 1.2 1.0 9 148
BOU-DD26-1052 262.8 268.5 1.99 21 5.7 0.0 0.3 0.4 5 216
Including 264.9 267.0 3.80 31 2.1 0.1 0.3 0.3 6 388
BOU-DD26-1053 34.4 38.9 0.84 113 4.5 0.0 1.4 2.6 6 269
BOU-DD26-1055 299.0 301.2 4.39 37 2.2 0.1 0.2 0.3 6 450
BOU-DD26-1057 131.0 144.2 0.79 10 13.2 0.0 0.0 0.2 2 87
BOU-DD26-1060 500.5 503.3 2.25 29 2.8 0.0 0.2 5.0 1 342
BOU-DD26-1061 175.0 178.8 1.55 23 3.8 0.0 0.1 0.4 5 174
BOU-DD26-1065 267.1 269.9 2.69 30 2.8 0.2 0.1 0.1 3 290
BOU-DD26-1065 282.1 290.4 1.83 32 8.3 0.1 0.1 0.1 3 205
Including 284.0 286.7 3.31 71 2.7 0.1 0.1 0.1 3 382
BOU-DD26-1069 53.6 55.0 1.79 69 1.4 0.0 4.2 7.2 31 458
BOU-DD26-1071 362.4 366.1 5.53 68 3.7 0.3 0.1 1.7 2 621
Including 362.4 364.8 7.98 72 2.4 0.3 0.1 2.5 1 862
BOU-DD26-1072 94.6 111.6 1.69 36 17.0 0.1 0.3 1.7 12 239
Including 104.5 106.2 7.94 118 1.7 0.6 0.3 3.6 12 953
BOU-DD26-1074 52.0 59.3 0.64 28 7.3 0.0 1.8 2.7 21 176
BOU-DD26-1076 146.5 158.4 1.56 28 11.9 0.1 1.3 3.3 15 269
Including 147.1 149.7 3.94 65 2.6 0.4 2.7 6.6 19 635
BOU-DD26-1077 54.9 59.1 1.10 26 4.2 0.0 0.3 0.7 44 145
BOU-DD26-1078 154.9 164.0 1.96 31 9.1 0.1 1.5 4.5 33 331
BOU-DD26-1078 174.2 177.2 1.85 22 3.0 0.1 0.2 1.4 10 225
  • True width remains undetermined at this stage; all values are uncut.
  • Ag equivalent is based on a silver price of US$30/oz with a process recovery of 96%, a gold price of US$2,800/oz with a process recovery of 96%, a zinc price of US$1.20/lb with a process recovery of 75%, a lead price of US$1.00/lb with a process recovery of 82%, and a copper price of US$4.60/lb with a process recovery of 75% resulting in the following ratios: 1g/t Au: 89.7g/t Ag; 1% Cu: 78.6 g/t Ag; 1% Pb: 18.7 g/t Ag; and 1% Zn: 20.4 g/t Ag




    Figure 1: Boumadine Mining Licence Surface Plan with Magnetic Data (Residual Total Field) and 2026 Drill Holes

    2026 Exploration Results

    This year, 524 diamond drill holes (“DDH”), and 15 reverse circulation drill holes (“RC”) totaling 181,685m have been completed at Boumadine (Figure 1 and Appendix 2). Drilling was executed on strike along the Main Trend, Tizi and Imariren. All results have been received for drill holes up to BOU-DD26-1080 (Table 1, Figure 3, Figure 4 and Appendix 1).

    Today's results, including BOU-DD26-1072 and BOU-DD26-1076, confirm the high-grade nature and continuity of the Boumadine Main Trend, which remains open in all directions.

    With the addition of 3 new exploration permits, Boumadine now covers 357 km2 of highly prospective ground (Figure 2). These new permits secure a gap that was left around Boumadine mining license.

    Mineralization within the Boumadine Main Trend measures up to 4m wide (locally reaching over a 10m width) and is N340-oriented massive sulphide lenses/veins sharply dipping eastward (> 70°). The massive sulphide veins (>80%) are mainly composed of pyrite, with variable proportions of sphalerite, galena, and chalcopyrite. Tizi and Imariren share the same characteristics except for their N000 orientation.




    Figure 2 – Location of New Permits at Boumadine




    Figure 3 – Surface Plan of Boumadine North Zone with New DDH Results




    Figure 4 – Surface Plan of Boumadine South Zone with New DDH Results

    Next Steps

    Our 2026 exploration objectives included 180,000 m of infill drilling (half of the two-year, 360,000 m program), as well as 20,000 m of regional drilling targeting prospective areas, including follow-up work on the Asirem structures.

    Significant potential exists to expand the Boumadine Main Trend (currently 5.4 km), the Tizi Zone (2.0 km) and the Imariren Zone (1.2 km), with all three trends open in all directions. Follow-up drilling is also planned on the 8 km Asirem trend for later this year.

    Most drilling will continue to focus on the Main Trend, Imariren and Tizi to extend known mineralization along strike and at depth, while infilling key areas to advance the Project toward a feasibility study. For the remainder of 2026, the Company will prioritize infill drilling to accelerate feasibility study work. In 2027, infill drilling will continue to be prioritized to support the feasibility study. Once completed, drilling efforts will include follow-up work at Asirem and greenfield exploration, testing geological hypotheses and targets generated over the past four years. Ongoing geological work will guide additional development priorities.

    Technical Information

    Aya has implemented a quality control program to comply with best practices in sampling and analysis of drill core and RC chips. For core drilling, all individual samples represent approximately one metre in length of core, which is halved. Half of the core is kept on site for reference, and its counterpart is sent for preparation and assaying to African Laboratory for Mining and Environment (“Afrilab”) in Marrakech, Morocco. For drilling using RC, all individual samples represent 1.0m in length and a representative portion is kept for every metre in some chip trays stored on site. A split samples representing 1/16th, ranging from 2 to 4 kilogram is sent for preparation and assaying to African Laboratory for Mining and Environment (“Afrilab”) in Marrakech, Morocco.

    All samples are analyzed for silver, copper, iron, lead, zinc, tin, and molybdenum using Aqua regia and finished by atomic absorption spectroscopy (“AAS”). Samples grading above 200 g/t Ag are reanalyzed using fire assaying. Gold is assayed by fire assaying. Standards of different grades and blanks were inserted every 20 samples in addition to the standards, blanks and pulp duplicate inserted by Afrilab.

    Qualified Person

    The scientific and technical information contained in this press release have been reviewed by David Lalonde, B. Sc, P. Geo, Executive Vice-President Exploration, Qualified Person, for accuracy and compliance with National Instrument 43-101.

    About Aya Gold & Silver Inc.

    Aya Gold & Silver is a Canadian precious metals mining company anchored in Morocco and active across the full mining value chain. The Company has established an exploration track record through a systematic, technology-led, data-driven approach and is focused on expanding its resource base and land package along the Anti-Atlas fault - one of Africa's most geologically rich, underexplored and mining-friendly regions.

    Aya operates Zgounder, a rare, silver-only mine, producing silver doré from its new processing facility. Aya's growth pipeline includes the Boumadine polymetallic project, where feasibility study work is underway, and which hosts a sizable mineralized footprint, and potential for further discovery.

    Led by a proven team of mining professionals, Aya is guided by a vision of responsible mining and is committed to delivering sustainable value for shareholders, employees and host communities.

    For additional information, please visit Aya's website at

    Or contact

    Forward-Looking Statements

    This press release contains“forward-looking statements” or“forward-looking information” within the meaning of applicable securities laws and other statements that are not historical facts. Forward-looking statements are included to provide information about management's current expectations, estimates and projections regarding the Company's future growth and business prospects (including the timing and development of deposits and the success of exploration activities) and other opportunities as of the date of this press release. All statements, other than statements of historical fact included in this press release, regarding the Company's strategy, future operations, technical assessments, prospects, plans and objectives of management are forward-looking statements that involve risks and uncertainties. Wherever possible, words such as“aim”,“anticipate”,“assume”,“believe”,“estimate”,“expect”,“goal”,“intend”,“objective”,“plan”,“potential”,“strategy”,“target”, and similar expressions or statements that certain actions, events or results“may”,“could”,“would”,“might”,“will”, or are“likely” to be taken, occur or be achieved, have been used to identify such forward-looking information. Specific forward looking statements in this press release include, but are not limited to, statements and information with respect to the exploration and resource potential of the Boumadine project, including of the Boumadine Main Trend, Imariren and Tizi; the Company's future drilling program, including as discussed under the section "Next Steps"; the expected scope, pace, placement, focus, and completion timing of drilling activities; the anticipated completion of a feasibility study for the Project in 2027; the expected impact of geological interpretations on mine planning, resource modelling, and operational priorities; and other assumptions and factors generally associated with the mining industry.

    Forward-looking information is based upon certain assumptions and other important factors that, if untrue, could cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such information or statements. There can be no assurance that such information or statements will prove to be accurate. Key assumptions upon which the Company's forward looking information is based include without limitation, the Company's ability to timely receive any requisite approvals, permits or licences; the feasibility study as and when anticipated; the Company's ability to import goods and machinery; the Company's ability to engage and retain all necessary personnel in order to operate its business properly and without interruption; the accuracy and reliability of estimates, projections, forecasts, studies and assessments, including the mineral reserve and mineral resource estimates (including, but not limited to, ore tonnage and ore grade estimates); the Company's ability to meet or achieve estimates, projections and forecasts; assumptions regarding development and exploration activities; the timing, extent, duration and economic viability of such explorations activities; process recovery; the price of commodities, including silver and gold; exchange rates; taxation levels; fuel and energy costs; future economic conditions; the Company's ability to meet current and future obligations; the Company's ability to obtain timely financing on reasonable terms when required; the current and future social, economic and political conditions and environment in which the Company operates; and other assumptions and factors generally associated with the mining industry.

    Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Forward-looking statements are also subject to risks and uncertainties facing the Company's business, any of which could have a material adverse effect on the Company's business, financial condition, results of operations and growth prospects. Some of the risks the Company faces and the uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements include, among others: the inherent risks involved in exploration and development of mineral properties, including risks and hazards associated with the business of mineral exploration, development, and mining, including environmental hazards, potential unintended releases of contaminants, industrial accidents, unusual or unexpected geological or structural formations, pressures, cave-ins, and flooding; risks related to Aya's operations in Morocco; the speculative nature of mineral exploration and development; inadequate or unreliable infrastructure (such as roads, bridges, power sources and water supplies); fluctuations in forward markets for silver and other commodities (such as natural gas, fuel, oil and electricity); availability of gas, fuel, and oil; restrictions on mining in the jurisdictions in which Aya operates; change in laws and regulations governing our operations, exploration, and development activities, including international laws and legal norms, such as those relating to Indigenous peoples and human rights; expectations with respect to any future pandemics on our operations, and assumptions related thereto; Aya's ability to attract and retain qualified employees and contractors; Aya's ability to obtain and renew necessary permits and licenses; Aya's ability to obtain and maintain insurance; third party risks; disruptions to Aya's business operations; Aya's reliance on technology and information systems; interest and exchange rates risks; tax risks; unforeseen expenses; public health crises; climate change; weather disruptions; general economic conditions; commodity prices; gold and silver demand; force majeure; the inherent risks involved in exploration and development of mineral properties; and other risks described in the Company's documents filed with Canadian and U.S. securities regulatory authorities.

    In addition, readers are directed to carefully review the detailed risk discussion in the Company's Annual Information Form and Management's Discussion & Analysis for the year ended December 31, 2025, filed on SEDAR+ and on EDGAR, which discussions are incorporated by reference in this press release, for a fuller understanding of the risks and uncertainties that affect the Company's business and operations.

    Although the Company believes its expectations are based upon reasonable assumptions and has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. As such, these risks are not exhaustive; however, they should be considered carefully. If any of these risks or uncertainties materialize, actual results may vary materially from those anticipated in the forward-looking statements found herein. Due to the risks, uncertainties, and assumptions inherent in forward-looking statements, readers should not place undue reliance on forward-looking statements.

    Forward-looking statements contained herein are presented for the purpose of assisting investors in understanding the Company's business plans, financial performance and condition and may not be appropriate for other purposes.

    The forward-looking statements contained herein are made only as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law. The Company qualifies all of its forward-looking statements by these cautionary statements.

    Appendix 1 - Full Drill Results from Boumadine (core lengths)

    Benoit La Salle, FCPA, MBA
    President & CEO
    ...
    Alex Ball
    EVP, Capital Markets
    ...
    DDH No.
    From To Au Ag Length 1 Cu Pb Zn Mo Ag Eq 2
    (m) (m) (g/t) (g/t) (m) (%) (%) (%) (g/t) (g/t)
    BOU-DD26-1029 58.0 59.0 0.61 0 1.0 0.0 0.0 0.0 5 56
    BOU-DD26-1029 165.0 166.0 2.27 3 1.0 0.0 0.1 0.0 5 208
    BOU-DD26-1030 0.0 404.0 0.00 0 404.0 0.0 0.0 0.0 0 NSR
    BOU-DD26-1031 89.0 89.8 0.03 187 0.8 0.1 3.5 1.3 11 289
    BOU-DD26-1031 144.0 145.0 0.03 250 1.0 0.0 0.1 0.1 4 257
    BOU-DD26-1031 163.0 164.0 0.03 100 1.0 0.0 0.0 0.0 1 104
    BOU-DD26-1031 168.0 169.0 0.03 142 1.0 0.0 0.0 0.0 0 145
    BOU-DD26-1032 91.5 94.0 1.82 25 2.5 0.1 0.1 0.5 18 210
    BOU-DD26-1033 16.0 21.0 0.03 127 5.0 0.0 0.0 0.0 1 131
    BOU-DD26-1033 133.7 134.2 1.22 24 0.5 0.0 0.1 0.1 1 138
    BOU-DD26-1033 136.3 142.2 0.69 12 5.9 0.0 0.0 0.1 0 79
    Including 136.3 137.7 1.24 12 1.4 0.0 0.1 0.1 0 127
    BOU-DD26-1033 173.6 177.2 1.23 34 3.6 0.1 0.4 1.8 43 197
    BOU-DD26-1034 217.9 218.4 0.35 22 0.5 0.1 0.9 2.0 7 120
    BOU-DD26-1034 229.2 233.9 3.20 77 4.7 0.1 0.4 2.9 74 442
    Including 230.4 233.0 4.61 108 2.6 0.2 0.5 4.8 63 645
    BOU-DD26-1035 31.8 32.8 0.78 15 1.0 0.0 0.1 0.2 5 93
    BOU-DD26-1035 36.1 37.0 0.68 18 0.9 0.0 1.2 0.8 5 118
    BOU-DD26-1035 225.0 226.0 0.40 31 1.0 0.0 0.2 0.1 8 72
    BOU-DD26-1035 268.0 269.0 0.57 12 1.0 0.0 0.2 0.4 7 78
    BOU-DD26-1035 273.0 274.0 0.15 37 1.0 0.1 2.1 2.6 3 146
    BOU-DD26-1035 273.0 275.0 0.43 35 2.0 0.1 1.9 2.5 5 164
    BOU-DD26-1035 273.0 276.0 0.43 36 3.0 0.1 2.0 2.8 4 176
    BOU-DD26-1035 278.0 279.0 0.33 31 1.0 0.1 1.5 6.7 6 234
    BOU-DD26-1035 287.0 288.0 0.07 89 1.0 0.0 0.4 1.0 4 126
    BOU-DD26-1035 293.2 301.4 0.47 23 8.2 0.1 1.0 2.1 4 134
    BOU-DD26-1036 71.6 72.2 1.53 19 0.6 0.0 0.6 1.8 4 205
    BOU-DD26-1036 332.9 336.7 2.12 16 3.8 0.0 0.1 0.0 3 211
    BOU-DD26-1037 135.0 136.0 0.12 42 1.0 0.3 2.8 0.9 156 151
    BOU-DD26-1037 178.5 179.0 0.66 72 0.5 0.3 0.3 0.6 17 176
    BOU-DD26-1037 184.6 185.4 0.06 246 0.8 0.1 0.0 0.0 0 256
    BOU-DD26-1037 218.9 219.5 0.69 23 0.6 0.1 0.9 2.8 7 163
    BOU-DD26-1037 260.0 260.9 0.84 6 0.9 0.0 0.1 0.2 4 88
    BOU-DD26-1038 3.6 4.5 0.03 57 0.9 0.0 0.0 0.1 1 63
    BOU-DD26-1038 186.3 186.8 0.63 17 0.5 0.0 0.1 0.0 5 78
    BOU-DD26-1038 256.2 260.3 0.59 6 4.1 0.0 0.0 0.2 5 64
    BOU-DD26-1038 274.5 276.2 0.90 6 1.7 0.0 0.1 0.3 3 95
    BOU-DD26-1038 283.4 284.3 0.48 12 0.9 0.0 0.5 0.9 5 84
    BOU-DD26-1038 291.8 298.5 2.25 19 6.7 0.0 0.2 0.8 4 245
    Including 291.8 294.2 4.71 27 2.4 0.0 0.1 0.7 2 468
    BOU-DD26-1039 30.4 31.4 0.62 19 1.0 0.0 1.6 2.4 7 154
    BOU-DD26-1039 91.9 92.9 2.12 25 1.0 0.0 0.4 0.3 8 231
    BOU-DD26-1040 25.0 26.0 0.12 55 1.0 0.0 1.1 2.2 6 130
    BOU-DD26-1040 28.0 28.9 0.19 36 0.9 0.0 1.1 2.7 5 130
    BOU-DD26-1040 112.0 118.0 1.08 19 6.0 0.0 0.2 1.7 7 157
    Including 114.9 117.0 2.11 25 2.1 0.0 0.1 0.5 8 230
    BOU-DD26-1041 169.6 174.2 0.81 28 4.6 0.2 0.2 1.1 10 144
    BOU-DD26-1042 94.0 95.0 0.03 87 1.0 0.0 0.2 0.2 5 96
    BOU-DD26-1042 420.8 421.6 4.68 51 0.8 0.2 0.8 0.5 4 510
    BOU-DD26-1042 432.4 432.9 2.44 23 0.5 0.2 0.1 0.2 5 262
    BOU-DD26-1042 435.3 439.2 1.83 19 3.9 0.0 0.0 0.1 4 187
    Including 435.3 436.7 3.75 35 1.4 0.0 0.0 0.0 5 374
    BOU-DD26-1043 205.0 210.6 1.70 25 5.6 0.0 0.5 2.5 7 239
    Including 206.3 208.4 3.14 43 2.1 0.1 0.9 4.0 10 429
    BOU-DD26-1044 242.6 243.5 0.70 10 0.9 0.1 0.0 0.1 6 83
    BOU-DD26-1044 268.2 269.3 3.01 30 1.1 0.1 0.1 0.9 7 326
    BOU-DD26-1044 312.8 314.7 1.02 5 1.9 0.0 0.0 0.0 4 99
    BOU-DD26-1044 317.8 318.7 0.61 0 0.9 0.0 0.0 0.1 4 58
    BOU-DD26-1044 337.4 338.9 0.82 14 1.5 0.0 0.9 1.1 10 129
    BOU-DD26-1045 319.1 320.1 0.03 56 1.0 0.0 0.0 0.0 5 59
    BOU-DD26-1046 0.0 333.0 0.00 0 333.0 0.0 0.0 0.0 0 NSR
    BOU-DD26-1047 54.6 55.1 1.04 244 0.5 2.7 19.5 3.1 5 974
    BOU-DD26-1047 66.8 67.6 0.39 17 0.8 0.0 0.7 1.2 3 91
    BOU-DD26-1048 0.0 375.0 0.00 0 375.0 0.0 0.0 0.0 0 NSR
    BOU-DD26-1049 224.7 227.6 1.50 21 2.9 0.0 2.1 0.6 15 209
    BOU-DD26-1049 224.7 235.2 0.95 17 10.5 0.0 1.2 1.0 9 148
    BOU-DD26-1049 268.3 269.2 0.44 11 0.9 0.0 0.8 0.1 20 70
    BOU-DD26-1049 318.3 320.6 0.18 112 2.3 0.0 1.4 0.1 1 158
    BOU-DD26-1050 0.0 397.3 0.00 0 397.3 0.0 0.0 0.0 0 NSR
    BOU-DD26-1051 99.5 101.4 0.47 25 1.9 0.0 0.8 5.1 5 188
    BOU-DD26-1051 103.4 104.4 0.70 11 1.0 0.0 0.3 1.4 3 109
    BOU-DD26-1051 107.4 108.4 0.61 9 1.0 0.0 0.5 1.2 2 98
    BOU-DD26-1051 112.2 113.2 0.03 70 1.0 0.0 0.0 0.1 1 74
    BOU-DD26-1052 262.8 268.5 1.99 21 5.7 0.0 0.3 0.4 5 216
    Including 264.9 267.0 3.80 31 2.1 0.1 0.3 0.3 6 388
    BOU-DD26-1052 281.0 282.0 0.06 47 1.0 0.0 0.3 0.2 6 64
    BOU-DD26-1052 356.7 357.6 0.50 9 0.9 0.0 0.3 1.5 0 92
    BOU-DD26-1052 453.2 453.7 0.91 27 0.5 0.0 0.3 0.2 12 118
    BOU-DD26-1052 458.0 458.6 0.79 11 0.6 0.0 0.1 0.1 3 86
    BOU-DD26-1052 459.8 460.8 0.86 20 1.0 0.0 0.2 0.3 6 109
    BOU-DD26-1053 29.8 30.8 0.08 89 1.0 0.0 0.3 0.7 5 118
    BOU-DD26-1053 34.4 38.9 0.84 113 4.5 0.0 1.4 2.6 6 269
    BOU-DD26-1053 299.0 299.5 1.29 23 0.5 0.1 0.2 0.4 1 155
    BOU-DD26-1053 315.5 316.7 1.72 19 1.2 0.0 0.2 1.4 3 207
    BOU-DD26-1053 329.3 330.0 3.99 29 0.7 0.0 0.0 0.1 0 391
    BOU-DD26-1053 395.5 396.4 0.28 26 0.9 0.0 1.3 1.6 75 113
    BOU-DD26-1053 397.5 398.0 1.20 29 0.5 0.1 0.9 2.1 169 204
    BOU-DD26-1053 402.2 405.0 1.06 19 2.8 0.0 0.0 0.2 0 122
    BOU-DD26-1053 454.0 455.0 0.84 6 1.0 0.0 0.2 0.5 0 96
    BOU-DD26-1054 6.8 7.8 0.61 9 1.0 0.0 0.6 0.0 9 79
    BOU-DD26-1054 53.0 54.0 0.29 27 1.0 0.0 1.2 1.7 9 112
    BOU-DD26-1054 142.7 143.5 0.52 24 0.8 0.0 2.4 1.7 0 153
    BOU-DD26-1054 152.4 153.0 0.41 21 0.6 0.0 0.4 0.4 0 75
    BOU-DD26-1055 40.6 42.6 1.06 2 2.0 0.0 0.0 0.0 2 97
    BOU-DD26-1055 44.6 45.6 0.56 5 1.0 0.0 0.0 0.1 6 57
    BOU-DD26-1055 299.0 301.2 4.39 37 2.2 0.1 0.2 0.3 6 450
    BOU-DD26-1055 400.0 401.0 0.13 61 1.0 0.1 0.1 0.0 10 85
    BOU-DD26-1055 482.7 483.6 0.61 0 0.9 0.0 0.0 0.0 1 56
    BOU-DD26-1055 485.4 486.0 0.93 22 0.6 0.0 0.2 0.1 1 114
    BOU-DD26-1055 493.0 494.0 0.64 1 1.0 0.0 0.0 0.0 12 60
    BOU-DD26-1055 505.2 505.8 0.42 18 0.6 0.1 1.4 2.1 5 128
    BOU-DD26-1055 506.8 507.7 0.89 9 0.9 0.0 0.4 0.3 6 105
    BOU-DD26-1056 61.7 62.6 3.83 177 0.9 0.2 0.3 1.4 4 569
    BOU-DD26-1056 74.0 75.0 0.47 12 1.0 0.0 0.9 1.1 1 93
    BOU-DD26-1056 202.3 203.2 0.56 9 0.9 0.0 0.6 0.6 2 83
    BOU-DD26-1057 120.0 122.0 1.01 14 2.0 0.0 0.1 0.3 2 113
    BOU-DD26-1057 131.0 144.2 0.79 10 13.2 0.0 0.0 0.2 2 87
    Including 136.2 138.2 1.63 32 2.0 0.0 0.1 0.5 1 192
    BOU-DD26-1058 303.0 304.0 0.03 58 1.0 0.0 0.0 0.0 0 61
    BOU-DD26-1058 330.9 332.3 1.79 18 1.4 0.0 0.4 1.6 4 221
    BOU-DD26-1059 196.0 201.0 0.61 0 5.0 0.0 0.0 0.0 4 57
    BOU-DD26-1059 204.0 205.0 0.59 0 1.0 0.0 0.0 0.0 0 55
    BOU-DD26-1060 172.2 173.1 1.18 2 0.9 0.0 0.0 0.2 1 113
    BOU-DD26-1060 365.2 368.2 0.62 34 3.0 0.1 0.4 2.3 2 148
    Including 365.2 365.7 1.14 49 0.5 0.1 0.7 4.2 3 259
    BOU-DD26-1060 484.4 485.0 0.25 32 0.6 0.1 7.2 0.4 0 203
    BOU-DD26-1060 498.6 499.2 0.53 19 0.6 0.0 0.2 0.6 3 84
    BOU-DD26-1060 500.5 503.3 2.25 29 2.8 0.0 0.2 5.0 1 342
    BOU-DD26-1061 19.0 22.0 0.06 99 3.0 0.5 0.0 0.1 1 143
    BOU-DD26-1061 24.0 25.9 0.08 83 1.9 0.3 0.2 0.1 3 121
    BOU-DD26-1061 143.5 144.0 0.32 51 0.5 0.1 1.8 6.8 2 258
    BOU-DD26-1061 171.1 173.0 0.46 21 1.9 0.0 0.2 0.4 3 78
    BOU-DD26-1061 175.0 178.8 1.55 23 3.8 0.0 0.1 0.4 5 174
    BOU-DD26-1061 258.3 259.3 0.62 13 1.0 0.0 0.8 0.8 0 100
    BOU-DD26-1063 94.8 95.5 0.48 85 0.7 0.0 3.7 2.2 8 244
    BOU-DD26-1063 356.8 357.4 0.76 10 0.6 0.0 0.1 0.4 3 91
    BOU-DD26-1063 360.7 361.8 2.68 45 1.1 0.0 0.1 2.5 3 340
    BOU-DD26-1063 362.8 363.8 0.60 20 1.0 0.0 0.1 0.2 3 80
    BOU-DD26-1063 366.8 367.8 2.54 5 1.0 0.0 0.0 0.0 4 236
    BOU-DD26-1063 377.3 377.8 0.86 23 0.5 0.0 0.8 0.4 4 125
    BOU-DD26-1064 198.5 200.7 1.68 22 2.2 0.0 0.1 0.1 13 176
    BOU-DD26-1064 213.4 214.2 0.06 77 0.8 0.7 0.3 0.1 4 143
    BOU-DD26-1064 250.0 251.0 0.08 48 1.0 0.3 0.1 0.1 2 81
    BOU-DD26-1064 257.0 258.7 0.67 43 1.7 0.1 0.3 0.3 3 126
    BOU-DD26-1064 293.0 294.0 4.44 2 1.0 0.0 0.2 0.2 2 409
    BOU-DD26-1064 377.7 378.6 0.44 34 0.9 0.0 1.1 1.8 0 133
    BOU-DD26-1064 381.4 382.4 0.38 31 1.0 0.0 0.3 0.6 3 83
    BOU-DD26-1065 72.0 72.6 0.64 11 0.6 0.0 0.5 1.1 1 100
    BOU-DD26-1065 246.0 249.7 1.43 15 3.7 0.0 0.1 0.6 6 161
    BOU-DD26-1065 254.7 255.3 0.61 11 0.6 0.0 0.0 0.1 4 69
    BOU-DD26-1065 258.4 259.8 0.81 21 1.4 0.0 0.0 0.0 3 98
    BOU-DD26-1065 267.1 269.9 2.69 30 2.8 0.2 0.1 0.1 3 290
    Including 267.1 268.1 4.66 39 1.0 0.5 0.0 0.1 3 495
    BOU-DD26-1065 282.1 290.4 1.83 32 8.3 0.1 0.1 0.1 3 205
    Including 284.0 286.7 3.31 71 2.7 0.1 0.1 0.1 3 382
    BOU-DD26-1065 293.3 294.0 1.47 30 0.7 0.1 0.1 0.6 3 186
    BOU-DD26-1065 314.6 315.5 3.84 13 0.9 0.0 0.1 0.1 5 362
    BOU-DD26-1066 58.6 59.3 1.02 24 0.7 0.0 0.0 0.0 12 117
    BOU-DD26-1066 62.5 63.1 0.72 17 0.6 0.1 0.1 0.0 9 94
    BOU-DD26-1066 72.5 73.5 0.97 9 1.0 0.0 0.0 0.0 6 97
    BOU-DD26-1066 75.0 76.0 0.81 3 1.0 0.0 0.1 0.0 3 78
    BOU-DD26-1066 406.3 407.1 1.54 19 0.8 0.1 0.5 1.9 7 212
    BOU-DD26-1067 0.0 404.0 0.00 0 404.0 0.0 0.0 0.0 0 NSR
    BOU-DD26-1068 63.0 64.0 0.62 6 1.0 0.0 0.0 0.1 6 67
    BOU-DD26-1068 450.0 451.0 0.92 9 1.0 0.0 0.1 0.2 15 98
    BOU-DD26-1069 39.9 42.2 0.65 33 2.3 0.0 1.2 1.8 22 152
    BOU-DD26-1069 53.6 55.0 1.79 69 1.4 0.0 4.2 7.2 31 458
    BOU-DD26-1069 62.6 63.5 0.14 41 0.9 0.0 0.1 0.5 10 67
    BOU-DD26-1069 65.3 65.8 1.51 54 0.5 0.1 2.6 3.2 14 312
    BOU-DD26-1070 505.0 506.0 0.65 7 1.0 0.0 0.0 0.1 3 68
    BOU-DD26-1071 116.3 117.0 1.22 15 0.7 0.0 0.6 1.4 3 165
    BOU-DD26-1071 303.0 306.8 0.82 11 3.8 0.0 0.3 0.7 5 108
    BOU-DD26-1071 313.7 315.4 0.67 9 1.7 0.0 0.2 0.4 2 82
    BOU-DD26-1071 332.0 333.0 0.62 7 1.0 0.0 0.0 0.1 2 66
    BOU-DD26-1071 336.7 337.4 1.12 19 0.7 0.0 0.0 0.0 3 123
    BOU-DD26-1071 362.4 366.1 5.53 68 3.7 0.3 0.1 1.7 2 621
    Including 362.4 364.8 7.98 72 2.4 0.3 0.1 2.5 1 862
    BOU-DD26-1071 367.3 367.8 0.92 11 0.5 0.1 0.0 2.1 4 147
    BOU-DD26-1072 70.0 71.0 0.47 19 1.0 0.0 0.8 1.5 3 110
    BOU-DD26-1072 81.0 82.0 0.47 16 1.0 0.0 0.8 1.5 8 105
    BOU-DD26-1072 94.6 111.6 1.69 36 17.0 0.1 0.3 1.7 12 239
    Including 104.5 106.2 7.94 118 1.7 0.6 0.3 3.6 12 953
    BOU-DD26-1072 113.2 114.0 0.70 15 0.8 0.0 0.2 0.7 9 96
    BOU-DD26-1072 118.9 119.4 0.27 51 0.5 0.0 0.9 3.3 65 160
    BOU-DD26-1072 133.0 134.0 0.03 58 1.0 0.0 0.2 0.1 4 66
    BOU-DD26-1072 147.0 148.0 0.56 6 1.0 0.0 0.2 0.0 19 62
    BOU-DD26-1073 30.7 31.3 1.09 11 0.6 0.0 0.2 0.1 4 115
    BOU-DD26-1073 32.7 34.7 2.15 28 2.0 0.0 0.1 0.1 5 228
    BOU-DD26-1073 46.0 47.0 0.03 64 1.0 0.0 0.8 0.6 0 94
    BOU-DD26-1073 76.0 77.0 0.45 13 1.0 0.0 0.1 0.0 2 56
    BOU-DD26-1073 159.0 160.0 0.85 11 1.0 0.0 0.1 0.4 3 98
    BOU-DD26-1073 276.1 277.1 0.79 11 1.0 0.0 0.6 1.2 4 118
    BOU-DD26-1074 37.7 39.1 0.77 15 1.4 0.0 0.1 0.6 11 100
    BOU-DD26-1074 52.0 59.3 0.64 28 7.3 0.0 1.8 2.7 21 176
    Including 55.8 57.9 1.18 26 2.1 0.0 1.4 3.4 34 230
    BOU-DD26-1074 61.0 62.0 0.50 22 1.0 0.0 0.8 2.7 26 141
    BOU-DD26-1074 75.5 76.1 0.78 16 0.6 0.0 1.2 1.9 20 148
    BOU-DD26-1074 89.8 91.0 4.00 38 1.2 0.1 1.1 2.3 59 472
    BOU-DD26-1075 286.9 287.8 0.87 0 0.9 0.0 0.0 0.1 0 80
    BOU-DD26-1076 140.0 141.0 0.03 62 1.0 0.0 2.6 1.6 25 147
    BOU-DD26-1076 144.2 145.0 0.59 18 0.8 0.1 0.8 3.6 20 168
    BOU-DD26-1076 146.5 158.4 1.56 28 11.9 0.1 1.3 3.3 15 269
    Including 147.1 149.7 3.94 65 2.6 0.4 2.7 6.6 19 635
    BOU-DD26-1077 39.1 41.5 1.40 44 2.4 0.1 0.4 0.5 8 192
    BOU-DD26-1077 43.4 44.0 0.24 74 0.6 0.1 2.6 7.8 12 310
    BOU-DD26-1077 50.0 51.0 0.81 32 1.0 0.0 0.5 0.6 60 129
    BOU-DD26-1077 54.9 59.1 1.10 26 4.2 0.0 0.3 0.7 44 145
    BOU-DD26-1077 61.0 62.0 0.45 13 1.0 0.0 0.1 0.4 48 65
    BOU-DD26-1078 154.9 164.0 1.96 31 9.1 0.1 1.5 4.5 33 331
    BOU-DD26-1078 166.0 167.0 0.67 9 1.0 0.0 0.7 0.0 16 83
    BOU-DD26-1078 168.0 169.0 0.60 8 1.0 0.0 0.3 0.0 9 69
    BOU-DD26-1078 170.0 172.0 0.62 11 2.0 0.0 0.6 0.2 11 83
    BOU-DD26-1078 174.2 177.2 1.85 22 3.0 0.1 0.2 1.4 10 225
    BOU-DD26-1079 42.5 43.4 0.46 16 0.9 0.0 0.4 0.8 5 82
    BOU-DD26-1079 46.1 47.9 0.31 57 1.8 0.0 0.3 0.2 31 98
    BOU-DD26-1079 114.0 115.4 0.37 23 1.4 0.0 1.3 1.0 13 101
    BOU-DD26-1079 141.2 142.1 0.41 38 0.9 0.1 0.1 0.5 10 94
    BOU-DD26-1080 252.6 258.1 0.77 13 5.5 0.0 0.4 0.5 6 103
    Including 252.6 254.2 1.20 12 1.6 0.1 0.1 1.0 8 147
  • True width remains undetermined at this stage; all values are uncut.
  • Ag equivalent is based on a silver price of US$30/oz with a process recovery of 96%, a gold price of US$2,800/oz with a process recovery of 96%, a zinc price of US$1.20/lb with a process recovery of 75%, a lead price of US$1.00/lb with a process recovery of 82%, and a copper price of US$4.60/lb with a process recovery of 75% resulting in the following ratios: 1g/t Au: 89.7g/t Ag; 1% Cu: 78.6 g/t Ag; 1% Pb: 18.7 g/t Ag; and 1% Zn: 20.4 g/t Ag.

    Appendix 2 – New Drillhole Coordinates of 2026 Boumadine Exploration Program (completed holes)

    Hole No. Easting Northing Elevation Azimuth Dip Length (m)
    BOU-DD26-1131 316580 3477493 1219 248 -50 174
    BOU-DD26-1132 317131 3476252 1216 250 -50 418
    BOU-DD26-1133 315776 3477353 1287 271 -49 453
    BOU-DD26-1134 315818 3477362 1285 270 -50 405
    BOU-DD26-1135 315348 3477264 1270 270 -50 148
    BOU-DD26-1136 315315 3477262 1277 270 -50 105
    BOU-DD26-1137 316620 3477507 1217 250 -50 201
    BOU-DD26-1138 315750 3476900 1267 270 -50 449
    BOU-DD26-1139 315387 3477263 1267 270 -50 180
    BOU-DD26-1140 316071 3476904 1248 270 -50 401
    BOU-DD26-1141 316655 3477522 1207 247 -49 267
    BOU-DD26-1142 316695 3477538 1209 250 -50 306
    BOU-DD26-1143 315488 3477261 1218 270 -50 306
    BOU-DD26-1144 315485 3477259 1271 270 -50 297
    BOU-DD26-1145 315538 3477261 1290 270 -50 327
    BOU-DD26-1146 316735 3477551 1209 248 -50 345
    BOU-DD26-1147 316775 3477565 1208 250 -50 351
    BOU-DD26-1148 315582 3477258 1292 269 -50 420
    BOU-DD26-1149 315622 3477258 1285 269 -50 201
    BOU-DD26-1150 315659 3477263 1280 270 -50 267
    BOU-DD26-1151 316820 3477581 1214 250 -50 426
    BOU-DD26-1152 315697 3477257 1275 270 -50 250
    BOU-DD26-1153 315743 3477259 1278 270 -50 300
    BOU-DD26-1154 316862 3477596 1213 248 -51 459
    BOU-DD26-1155 315793 3477263 1290 270 -50 351
    BOU-DD26-1156 315375 3477161 1267 270 -50 153
    BOU-DD26-1157 315418 3477163 1264 270 -50 153
    BOU-DD26-1158 316558 3477438 1217 249 -50 114
    BOU-DD26-1159 316899 3477610 1206 250 -50 510
    BOU-DD26-1160 316391 3476900 1232 270 -52 404
    BOU-DD26-1161 317492 3476414 1208 250 -50 350
    BOU-DD26-1162 315527 3477157 1288 270 -50 321
    BOU-DD26-1163 316713 3476896 1231 270 -49 401
    BOU-DD26-1164 316628 3477455 1214 249 -50 204
    BOU-DD26-1165 315377 3477054 1265 270 -50 126
    BOU-DD26-1166 315569 3477158 1287 269 -50 351
    BOU-DD26-1167 315410 3477055 1255 270 -50 154
    BOU-DD26-1168 316699 3477483 1207 249 -51 324
    BOU-DD26-1169 315476 3477055 1279 270 -50 207
    BOU-DD26-1170 315523 3477054 1287 270 -50 261
    BOU-DD26-1171 315412 3476953 1255 270 -50 150
    BOU-DD26-1172 316778 3477508 1209 250 -50 330
    BOU-DD26-1173 315563 3477054 1284 270 -50 303
    BOU-DD26-1174 316864 3477545 1216 249 -50 435
    BOU-DD26-1176 315597 3477053 1275 270 -50 357
    BOU-DD26-1177 315459 3476953 1264 270 -50 207
    BOU-DD26-1178 317580 3476448 1201 250 -50 452
    BOU-DD26-1179 315512 3476953 1275 270 -50 228
    BOU-DD26-1180 316590 3477392 1216 249 -51 231
    BOU-DD26-1181 315553 3476956 1272 270 -50 258
    BOU-DD26-1182 316635 3477404 1220 250 -50 258
    BOU-DD26-1183 315424 3476860 1259 270 -50 108
    BOU-DD26-1184 316674 3477423 1220 250 -50 318
    BOU-DD26-1185 317434 3476436 1210 250 -50 254
    BOU-DD26-1186 315601 3476956 1275 270 -50 306
    BOU-DD26-1187 315466 3476859 1260 270 -50 156
    BOU-DD26-1188 316712 3477433 1216 250 -50 354
    BOU-DD26-1189 316746 3477448 1208 249 -50 405
    BOU-DD26-1190 315511 3476864 1258 270 -50 204
    BOU-DD26-1191 317506 3476465 1206 250 -51 303
    BOU-DD26-1192 315561 3476862 1266 270 -50 252
    BOU-DD26-1193 316792 3477465 1211 250 -50 453
    BOU-DD26-1194 315604 3476861 1269 269 -50 306
    BOU-DD26-1195 316794 3477411 1218 249 -50 414
    BOU-DD26-1196 315407 3476759 1251 270 -50 105
    BOU-DD26-1197 317398 3476485 1208 250 -50 251
    BOU-DD26-1199 315443 3476757 1241 270 -50 105
    BOU-DD26-1200 315485 3476759 1241 270 -50 159
    BOU-DD26-1201 317440 3476502 1207 250 -50 275
    BOU-DD26-1203 317526 3476533 1207 250 -50 380
    BOU-DD26-1204 316917 3477459 1219 250 -50 465
    BOU-DD26-1205 317108 3476832 1213 250 -50 255
    BOU-DD26-1207 317160 3476849 1214 250 -50 327
    BOU-DD26-1208 316950 3477468 1211 249 -49 501
    BOU-DD26-1210 317069 3476872 1218 250 -50 252
    BOU-DD26-1214 317167 3476961 1209 250 -50 375
    BOU-DD26-1215 317551 3476599 1208 250 -50 380
    BOU-DD26-1217 315460 3476808 1244 270 -50 111
    BOU-DD26-1220 317250 3476991 1206 250 -50 480
    BOU-DD26-1222 315425 3476901 1264 270 -50 111
    BOU-RC26-070 317533 3477699 1193 270 -50 95
    BOU-RC26-071 317625 3477697 1201 270 -50 10
    BOU-RC26-072 317627 3477701 1201 270 -50 150
    BOU-RC26-073 317716 3477700 1205 270 -50 150
    BOU-RC26-074 317863 3477696 1189 270 -50 150
    BOU-RC26-075 317954 3477693 1187 270 -50 150


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