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Aya Gold & Silver Confirms Discovery of New High-Grade Gold Zone at Asirem, West of Boumadine, Expands Footprint and Reports High-Grade Results from Boumadine Main Trend and Tizi Zone

MONTREAL, Sept. 15, 2025 (GLOBE NEWSWIRE) -- Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF) (“Aya” or the “Corporation”) is pleased to announce new drilling results supporting the discovery of new gold zone at Asirem Zone, west of the Boumadine Main Trend in Morocco, highlighting the zone’s emergence as a promising new target. Aya also reports high-grade drill results from the Boumadine Main Trend and Tizi Zone, and has expanded its regional footprint with the acquisition of two new mining licences.

Highlights1

  • Discovery of New Asirem Gold Zone (8.0 kilometer (“km”) strike length):
    • BOU-DD25-629 intercepted 1.52 grams per tonne (“g/t”) gold (“Au”) over 4.3 meter (“m”), 1.49 g/t Au over 1.0m and 1.95 g/t over 1.0m
    • BOU-DD25-632 intercepted 4.53 g/t Au over 1.0m, 2.05 g/t Au over 1.0m, 1.82 g/t Au over 1.0m, 1.47 g/t Au over 1.0m and 0.98 g/t Au over 2.0m
    • Grab samples up to 12.20 g/t Au and 4.1% copper (“Cu”) north of Asirem trend
  • Boumadine Main Trend (5.4km):
    • BOU-DD25-584 intercepted 369 g/t silver equivalent (“AgEq”) over 9.0 m (4.04 g/t Au, 41 g/t silver (“Ag”), 0.1% zinc (“Zn”), 0.1% lead (“Pb”) and 0.1% Cu, including 535 g/t AgEq over 4.2m (5.98 g/t Au, 51 g/t Ag, 0.1% Zn, 0.1% Pb and 0.2% Cu)
    • BOU-DD25-572 intercepted 232 g/t AgEq over 12.2m (2.60 g/t Au, 23 g/t Ag, 0.04% Zn, 0.1% Pb and 0.1% Cu), including 473 g/t AgEq over 2.2m (5.28 g/t Au, 49 g/t Ag, 0.1% Zn, 0.1% Pb and 0.1% Cu) and 551 g/t AgEq over 2.4m (6.29 g/t Au, 48 g/t Ag, 0.02% Zn, 0.1% Pb and 0.1% Cu)
    • BOU-DD25-589 intercepted 271 g/t AgEq over 10.2m (2.90 g/t Au, 29 g/t Ag, 0.1% Zn, 0.1% Pb and 0.1% Cu), including 692 g/t AgEq over 2.6m (7.46 g/t Au, 71 g/t Ag, 0.1% Zn, 0.1% Pb and 0.4% Cu)
  • Tizi Zone (2.0km):
    • BOU-DD25-550 intercepted 272 g/t AgEq over 4.6m (1.33 g/t Au, 101 g/t Ag, 1.6% Zn, 1.1% Pb and 0.03% Cu)
  • Exploration Update:
    • Two new mining licences secured, adding 25.1 square kilometers (“km2”) for a total of 339.3 km2
    • 102,979m drilled at Boumadine year to date
    • Preliminary Economic Assessment (“PEA”) on Boumadine Main Trend expected by Year-End

The discovery and new gold zone at Asirem, west of Boumadine’s Main Trend confirms that Boumadine is evolving into a true district-scale asset with multiple mineralized trends,” said Benoit La Salle, President & CEO. “Drilling has traced gold over eight kilometers of strike at Asirem, with geophysics pointing to more than ten kilometers of potential. Along with grab samples grading up to 12.2 g/t gold and 4.1% copper, this new corridor highlights promising exploration opportunities. With a PEA on the Boumadine Main Trend targeted for release by year-end, these results highlight additional zones of mineralization, reinforcing Boumadine’s scale and optionality as one of Morocco’s most significant emerging precious metals discoveries.”

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

DDH No.

From To Au Ag Length* Cu Pb Zn Mo Ag Eq**
(m) (m) (g/t) (g/t) (m) (%) (%) (%) (g/t) (g/t)
BOU-DD25-500 537.0 543.6 2.41 50 6.6 0.1 0.2 0.1 2 255
Including 540.1 543.6 3.11 60 3.5 0.1 0.2 0.1 4 321
BOU-DD25-550 54.9 59.5 1.33 101 4.6 0.0 1.1 1.6 8 272
BOU-DD25-553 255.6 259.7 1.34 41 4.1 0.0 0.4 0.9 13 179
Including 255.6 257.1 2.50 83 1.5 0.0 0.5 1.4 9 328
BOU-DD25-553 263.1 264.8 2.46 17 1.7 0.1 0.2 3.0 8 293
BOU-DD25-555 268.9 271.2 0.57 62 2.3 0.0 2.2 4.3 12 269
BOU-DD25-565 215.3 218.0 1.68 36 2.7 0.1 0.4 0.8 2 200
BOU-DD25-567 216.0 218.1 0.98 121 2.1 0.1 0.2 0.5 5 224
BOU-DD25-568 579.4 580.4 6.69 1 1.0 0.0 0.0 0.0 3 524
BOU-DD25-569 544.0 546.0 0.03 690 2.0 0.0 0.6 0.1 12 710
BOU-DD25-570 82.4 84.2 0.41 121 1.8 0.0 1.1 2.1 8 233
BOU-DD25-571 118.6 122.1 1.03 31 3.5 0.0 0.2 0.3 6 126
BOU-DD25-572 351.8 364.0 2.60 23 12.2 0.1 0.1 0.0 5 232
Including 352.6 354.8 5.28 49 2.2 0.1 0.1 0.1 4 473
Including 359.3 361.7 6.29 48 2.4 0.1 0.1 0.0 7 551
BOU-DD25-572 381.6 388.1 2.66 21 6.5 0.0 0.2 0.4 9 246
Including 383.0 385.0 6.49 25 2.0 0.0 0.2 0.2 8 544
BOU-DD25-572 573.0 574.8 9.77 65 1.8 0.2 0.7 2.8 19 929
BOU-DD25-572 613.0 617.2 1.36 20 4.2 0.0 0.1 0.1 10 133
BOU-DD25-574 539.2 540.6 2.33 30 1.4 0.0 0.1 2.8 2 287
BOU-DD25-575 311.6 314.3 1.37 53 2.7 0.9 0.1 0.1 6 240
BOU-DD25-577 500.1 501.3 4.74 21 1.2 0.0 0.3 0.9 8 425
BOU-DD25-579 616.7 617.5 5.54 41 0.8 0.1 3.3 6.2 34 716
BOU-DD25-580 53.5 55.3 1.18 45 1.8 0.0 2.8 4.9 52 329
BOU-DD25-580 180.8 183.5 0.03 147 2.7 0.0 0.0 0.0 2 152
BOU-DD25-580 362.2 366.7 1.72 30 4.5 0.4 0.1 0.1 3 199
BOU-DD25-584 325.7 334.7 4.04 41 9.0 0.1 0.1 0.1 7 369
Including 327.0 331.2 5.98 51 4.2 0.2 0.1 0.1 8 535
BOU-DD25-584 594.0 595.9 4.11 17 1.9 0.0 0.1 0.3 3 345
BOU-DD25-589 341.0 351.2 2.90 29 10.2 0.1 0.1 0.1 11 271
Including 345.4 348.0 7.46 71 2.6 0.4 0.1 0.1 15 692
BOU-DD25-589 482.6 483.1 10.22 35 0.5 0.1 0.4 2.1 11 897
BOU-DD25-629 23.2 27.5 1.52 3 4.3 0.0 0.0 0.0 9 126
BOU-MP25-029 93.0 95.0 1.16 100 2.0 0.1 7.4 4.7 53 498
BOU-MP25-069 79.1 91.0 1.45 35 11.9 0.1 0.3 1.4 18 195
BOU-RC25-024 107.0 119.0 1.11 19 12.0 0.1 0.6 1.3 15 157
BOU-RC25-028 29.0 31.0 0.03 96 2.0 0.1 9.1 4.3 17 429

* True width remains undetermined at this stage; all values are uncut.

** Ag equivalent is based on a silver price of US$24/oz with a process recovery of 89%, a gold price of US$2,200/oz with a process recovery of 85%, a zinc price of US$1.20/lb with a process recovery of 72%, a lead price of US$1.00/lb with a process recovery of 85%, and a copper price of US$4.00/lb with a process recovery of 75% resulting in the following ratios: 1g/t Au: 77.9 g/t Ag; 1% Cu: 85.4 g/t Ag; 1% Pb: 24.2 g/t Ag; and 1% Zn: 24.6 g/t Ag

Table 2 – Significant Intercepts from Asirem Drill Exploration Program (Core Lengths)

DDH No. From (m) To (m) Au (g/t) Length* (m)
BOU-DD25-588 182.0 183.0 0.96 1.0
BOU-DD25-590 20.3 21.3 2.67 1.0
BOU-DD25-600 189.6 190.4 0.92 0.8
BOU-DD25-629 23.2 27.5 1.52 4.3
Including 23.2 24.5 2.81 1.3
BOU-DD25-629 178.0 179.0 1.49 1.0
BOU-DD25-629 201.0 202.0 1.95 1.0
BOU-DD25-632 131.0 132.0 2.05 1.0
BOU-DD25-632 148.0 150.0 0.98 2.0
BOU-DD25-632 153.0 154.0 4.53 1.0
BOU-DD25-632 176.0 177.0 1.82 1.0
BOU-DD25-632 196.0 196.9 1.47 0.9

* True width remains undetermined at this stage; all values are uncut.

FIG 1 Carte des forage de Boumdine_ENG

Figure 1: Boumadine Mining Licence Surface Plan with Magnetic Data (Residual Total Field) and 2025 Drill Holes

FIG 2 Forage régional_ENG

Figure 2: Boumadine Property Surface Plan with New Permits and 2025 Drill Holes

2025 Exploration Results

This year, 346 diamond drill holes (“DDH”), 37 reverse circulation holes (“RC”) and 20 multi-purpose drill holes (“MP”) totaling 102,979m have been completed at Boumadine (Figure 1, Figure 2 and Appendix 2). Drilling was conducted on strike along the Main Trend (North Zones), Tizi, Imariren as well as on some regional targets, including the recently discovered Asirem Zone. The majority of results have been received for drill holes up to BOU-DD25-583 (Table 1, Table 2, Figure 3, Figure 4 and Appendix 1).

Results received so far in 2025, including holes BOU-DD25-584 and BOU-DD25-572, confirm the high-grade continuity of the Main Trend, which remains open in all directions. Today’s results, also extend Imariren mineralization to 1.2km. The Imariren and Tizi zones remain open in all directions.

The main mineralization generally measures 1m to 4m wide (locally reaching over a 10m width) 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.

FIG 3 Highlight- carte de surface_ENG

Figure 3 – Surface Plan of Boumadine North, Imariren and Tizi Zones with New DDH Results

FIG 4 Highlight- carte de surface_Sud_ENG

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

Figures 5 shows the recently received grab results on the newly discovered Asirem zone, which reveals high-grade parallel structures with results up to 12.2 g/t Au and 4.1% Cu, and highlight the potential of the area. The Au-Cu surface anomalies coincide with a strong N080 geophysical feature and a regional. Figure 6 presents the simplified geology of Asirem in the discovery drill section.

Geology of Asirem is composed of a package of Neoproterozoic rocks, mainly rhyolitic tuffs in contact or in close proximity with the Cambrian sedimentary shists. The contact consists of a major normal regional fault oriented N090-N080 injected by various quartz, quartz-carbonate and barite veins and veinlets containing various degree of Au, Cu and traces of Ag, Pb and Zn. The veins can locally reach 5m thickness and they regularly form stockworks with traces of pyrite and chalcopyrite. In it oxidized phase, malachite, azurite and chalcosite are present. The Asirem structure can be followed on surface over a trend of more than 10km within our permits.

FIG 5 Asirem highlight_ENG_V1

Figure 5 – Surface Map of Asirem Trend with Apparent Conductivity(175Hz) and Grab Results

FIG 6 Section Asirem_ENG_V3

Figure 6 – Section of Asirem Mineralization with Simplified Geology and Partial Results

Next Steps

Significant upside potential exists to expand the Boumadine Main Trend, which currently extends 5.4km, the Tizi Zone, which currently extends 2.0km and the Imariren Zone, with a current extension of 1.2km; the three trends remain open in all directions. In addition, follow up drilling will take place at the newly discovered 8km Asirem trend. Currently, the Corporation has mobilized drill rigs to complete the 100,000m to 140,000m drilling program. Half of the drilling is focused along the Main Trend, Imariren and Tizi to continue extending the known mineralization trend along strike and at depth and to infill known areas advancing the project towards a preliminary economic assessment. The remaining 50% will focus on greenfield exploration designed to test geological hypotheses and drill targets generated from the past three years of work. The results from ongoing geology work will determine additional development work.

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 meter 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 meter 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, Vice-President Exploration, Qualified Person, for accuracy and compliance with National Instrument 43-101.

About Aya Gold & Silver Inc.

Aya Gold & Silver Inc. is a rapidly growing, Canada-based silver producer with operations in the Kingdom of Morocco.

The only TSX-listed pure silver mining company, Aya operates the high-grade Zgounder Silver Mine and is exploring its properties along the prospective Anti-Atlas Fault, several of which have hosted past-producing mines and historical resources.

Aya’s management team has been focused on maximizing shareholder value by anchoring sustainability at the heart of its operations, governance, and financial growth plans.

For additional information, please visit Aya’s website at www.ayagoldsilver.com.

Or contact

Benoit La Salle, FCPA, MBA
President & CEO
Benoit.lasalle@ayagoldsilver.com
Alex Ball
VP, Corporate Development & IR
alex.ball@ayagoldsilver.com


Forward-Looking Statements

This press release contains certain statements that constitute forward-looking information within the meaning of applicable securities laws (“forward-looking statements”), which reflects management’s expectations regarding Aya’s future growth and business prospects (including the timing and development of new deposits and the success of exploration activities) and other opportunities. Wherever possible, words such as “promising”, “expected”, “pointing”, “opportunity”, “targeted”, “significant”, “potential”, “plan”, “additional”, “grow”, “significant”, 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 continuity of the mineralization and its grade, the potential to meaningfully grow resources and for all deposits grow in any direction, the potential for any drilling result to confirm the existence of a new zone, the capacity of the Corporation to complete and publish the PEA by year end, the new Asirem zone to extend to 10km as indicated by the geophysics, the new corridors to translate into new exploration opportunities, the existence of a significant upside to expand the Boumadine Main Trend, and to execute on planned drilling in the area through the remainder of 2025. Although the forward-looking information contained in this press release reflect management’s current beliefs based upon information currently available to management and based upon what management believes to be reasonable assumptions, Aya cannot be certain that actual results will be consistent with such forward-looking information. Such forward-looking statements are based upon assumptions, opinions and analysis made by management in light of its experience, current conditions, and its expectations of future developments that management believe to be reasonable and relevant but that may prove to be incorrect. These assumptions include, among other things, the ability to obtain any requisite governmental approvals, obtaining regulatory permits for on-site work, importing goods and machinery and employment permits, the accuracy of Mineral Reserve and Mineral Resource Estimates (including, but not limited to, ore tonnage and ore grade estimates), the price of silver, the price of gold, exchange rates, fuel and energy costs, future economic conditions, anticipated future estimates of free cash flow, and courses of action. Aya cautions you not to place undue reliance upon any such forward-looking statements.

The risks and uncertainties that may affect forward-looking statements include, among others: the inherent risks involved in exploration and development of mineral properties, including government approvals and permitting, changes in economic conditions, changes in the worldwide price of silver gold and other key inputs, changes in mine plans (including, but not limited to, throughput and recoveries being affected by metallurgical characteristics) and other factors, such as project execution delays, many of which are beyond the control of Aya, as well as other risks and uncertainties which are more fully described in Aya’s 2024 Annual Information Form dated March 31, 2025, and in other filings of Aya with securities and regulatory authorities which are available on SEDAR+ at www.sedarplus.ca. Aya does not undertake any obligation to update forward-looking statements should assumptions related to these plans, estimates, projections, beliefs, and opinions change. Nothing in this document should be construed as either an offer to sell or a solicitation to buy or sell Aya securities. All references to Aya include its subsidiaries unless the context requires otherwise.

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

DDH No.

From To Au Ag Length* Cu Pb Zn Mo Ag Eq**
(m) (m) (g/t) (g/t) (m) (%) (%) (%) (g/t) (g/t)
BOU-DD25-500 537.0 543.6 2.41 50 6.6 0.1 0.2 0.1 2 255
Including 540.1 543.6 3.11 60 3.5 0.1 0.2 0.1 4 321
BOU-DD25-504 86.6 87.1 0.44 55 0.5 0.0 1.4 1.4 11 159
BOU-DD25-504 91.0 91.7 1.09 53 0.7 0.1 1.7 6.2 6 337
BOU-DD25-509 134.0 136.0 1.04 13 2.0 0.0 0.1 0.1 8 102
BOU-DD25-509 147.0 149.0 1.08 12 2.0 0.0 0.2 0.6 4 119
BOU-DD25-518 133.0 134.0 0.60 20 1.0 0.0 0.6 1.2 5 112
BOU-DD25-550 54.9 59.5 1.33 101 4.6 0.0 1.1 1.6 8 272
BOU-DD25-553 255.6 259.7 1.34 41 4.1 0.0 0.4 0.9 13 179
Including 255.6 257.1 2.50 83 1.5 0.0 0.5 1.4 9 328
BOU-DD25-553 263.1 264.8 2.46 17 1.7 0.1 0.2 3.0 8 293
BOU-DD25-553 266.6 268.8 0.65 32 2.2 0.0 0.6 1.7 5 141
BOU-DD25-555 268.9 271.2 0.57 62 2.3 0.0 2.2 4.3 12 269
BOU-DD25-561 21.0 22.0 0.42 66 1.0 0.1 0.5 0.1 13 118
BOU-DD25-561 223.9 224.9 0.95 14 1.0 0.0 0.1 0.0 1 92
BOU-DD25-561 307.0 307.9 1.72 19 0.9 0.2 0.2 0.4 8 181
BOU-DD25-562 232.6 235.9 0.54 22 3.3 0.0 0.3 0.5 20 87
BOU-DD25-562 237.3 238.3 0.20 74 1.0 0.1 4.2 1.5 85 235
BOU-DD25-562 258.2 260.8 0.25 40 2.6 0.0 1.0 1.6 16 125
BOU-DD25-563 354.3 354.9 0.52 10 0.6 0.0 0.1 0.2 2 60
BOU-DD25-563 363.4 364.3 2.62 28 0.9 0.1 0.1 0.1 7 241
BOU-DD25-563 367.5 370.8 0.80 36 3.3 0.1 0.1 0.4 3 124
BOU-DD25-563 460.2 460.8 0.11 55 0.6 0.1 0.3 0.6 4 98
BOU-DD25-563 487.3 488.3 0.67 3 1.0 0.0 0.0 0.1 6 60
BOU-DD25-564 764.0 764.8 0.11 44 0.8 0.1 1.3 0.7 2 107
BOU-DD25-564 1000.0 1001.0 3.09 1 1.0 0.0 0.0 0.0 5 244
BOU-DD25-564 1060.6 1061.4 0.03 53 0.8 0.0 0.0 0.0 6 58
BOU-DD25-564 1162.0 1163.0 0.03 97 1.0 0.1 0.2 0.2 2 111
BOU-DD25-564 1179.0 1180.0 0.05 172 1.0 0.0 0.5 0.1 5 192
BOU-DD25-564 1186.0 1187.0 0.03 49 1.0 0.0 0.1 0.1 3 57
BOU-DD25-564 1248.7 1249.4 0.24 39 0.7 0.0 0.0 0.0 5 60
BOU-DD25-564 1290.9 1291.6 0.62 9 0.7 0.2 1.0 1.0 3 119
BOU-DD25-564 1292.2 1293.1 0.22 72 0.9 0.2 1.4 0.4 4 147
BOU-DD25-564 1302.0 1303.1 0.35 59 1.1 0.2 0.2 0.3 28 114
BOU-DD25-565 203.3 205.3 1.14 34 2.0 0.0 0.5 0.7 30 156
BOU-DD25-565 215.3 218.0 1.68 36 2.7 0.1 0.4 0.8 2 200
BOU-DD25-566 49.0 50.0 0.03 54 1.0 0.0 0.0 0.0 7 58
BOU-DD25-566 460.3 460.9 0.39 27 0.6 0.0 1.0 2.2 2 137
BOU-DD25-567 216.0 218.1 0.98 121 2.1 0.1 0.2 0.5 5 224
BOU-DD25-567 435.0 436.0 0.03 158 1.0 0.1 0.5 0.2 18 189
BOU-DD25-567 599.0 600.3 1.18 24 1.3 0.0 0.6 1.0 2 158
BOU-DD25-568 39.0 40.0 0.57 9 1.0 0.0 0.5 0.4 10 78
BOU-DD25-568 54.0 55.0 4.02 8 1.0 0.0 0.1 0.4 2 334
BOU-DD25-568 64.0 65.0 0.25 87 1.0 0.0 4.1 0.4 5 218
BOU-DD25-568 579.4 580.4 6.69 1 1.0 0.0 0.0 0.0 3 524
BOU-DD25-568 617.5 618.4 0.54 32 0.9 0.1 0.8 0.8 3 120
BOU-DD25-569 324.0 325.4 0.28 31 1.4 0.1 1.0 3.7 22 173
BOU-DD25-569 326.2 327.1 0.68 27 0.9 0.1 0.2 0.1 3 93
BOU-DD25-569 517.0 518.0 0.69 1 1.0 0.0 0.0 0.0 5 58
BOU-DD25-569 544.0 546.0 0.03 690 2.0 0.0 0.6 0.1 12 710
BOU-DD25-570 82.4 84.2 0.41 121 1.8 0.0 1.1 2.1 8 233
BOU-DD25-570 343.0 344.0 0.69 27 1.0 0.0 0.1 0.1 7 88
BOU-DD25-570 425.6 427.3 1.49 44 1.7 0.1 0.6 0.8 4 202
BOU-DD25-571 61.6 62.2 0.45 200 0.6 0.2 0.4 1.7 7 300
BOU-DD25-571 116.8 117.7 0.06 46 0.9 0.0 0.5 0.6 5 79
BOU-DD25-571 118.6 122.1 1.03 31 3.5 0.0 0.2 0.3 6 126
BOU-DD25-571 134.2 136.0 0.82 13 1.8 0.0 0.0 0.1 7 82
BOU-DD25-571 137.0 138.0 0.53 5 1.0 0.0 0.0 0.2 8 53
BOU-DD25-571 142.0 143.0 2.13 15 1.0 0.0 0.1 0.0 3 186
BOU-DD25-571 149.4 150.2 0.72 10 0.8 0.0 0.1 0.2 8 75
BOU-DD25-571 164.5 165.5 2.98 48 1.0 0.1 0.1 0.0 3 295
BOU-DD25-571 192.4 193.1 0.84 15 0.7 0.0 0.3 0.5 3 101
BOU-DD25-571 194.0 195.0 0.91 15 1.0 0.0 0.3 0.6 3 109
BOU-DD25-571 209.7 210.4 0.76 6 0.7 0.0 0.2 0.4 2 81
BOU-DD25-571 211.3 212.2 0.63 6 0.9 0.0 0.2 0.4 2 70
BOU-DD25-572 126.0 127.0 0.59 1 1.0 0.0 0.0 0.0 10 49
BOU-DD25-572 351.8 364.0 2.60 23 12.2 0.1 0.1 0.0 5 232
Including 352.6 354.8 5.28 49 2.2 0.1 0.1 0.1 4 473
Including 359.3 361.7 6.29 48 2.4 0.1 0.1 0.0 7 551
BOU-DD25-572 367.8 368.6 1.76 20 0.8 0.1 0.6 0.5 8 190
BOU-DD25-572 369.1 370.0 0.65 8 0.9 0.0 0.5 0.9 5 94
BOU-DD25-572 372.0 372.7 1.17 8 0.7 0.0 0.4 0.2 6 116
BOU-DD25-572 375.5 376.0 3.48 39 0.5 0.3 0.5 0.2 4 351
BOU-DD25-572 381.6 388.1 2.66 21 6.5 0.0 0.2 0.4 9 246
Including 383.0 385.0 6.49 25 2.0 0.0 0.2 0.2 8 544
BOU-DD25-572 405.0 406.2 1.64 43 1.2 0.1 0.3 4.0 10 288
BOU-DD25-572 461.2 461.7 0.24 75 0.5 0.1 11.7 1.0 9 411
BOU-DD25-572 561.3 562.2 1.01 15 0.9 0.0 2.5 2.3 3 215
BOU-DD25-572 564.2 564.8 3.00 22 0.6 0.1 0.4 1.5 4 306
BOU-DD25-572 573.0 574.8 9.77 65 1.8 0.2 0.7 2.8 19 929
BOU-DD25-572 613.0 617.2 1.36 20 4.2 0.0 0.1 0.1 10 133
BOU-DD25-572 628.2 628.8 1.23 8 0.6 0.0 0.1 0.4 19 119
BOU-DD25-573 207.7 208.6 1.30 7 0.9 0.0 0.1 0.0 23 112
BOU-DD25-573 210.5 211.2 2.70 40 0.7 0.1 0.1 0.1 8 267
BOU-DD25-573 217.7 218.5 0.35 26 0.8 0.0 0.0 0.0 10 57
BOU-DD25-573 249.5 257.1 1.32 13 7.6 0.0 0.0 0.0 3 119
BOU-DD25-573 300.6 301.6 2.32 25 1.0 0.0 0.4 1.1 4 242
BOU-DD25-574 529.0 529.6 0.33 37 0.6 0.0 0.3 0.8 6 91
BOU-DD25-574 539.2 540.6 2.33 30 1.4 0.0 0.1 2.8 2 287
BOU-DD25-574 542.8 543.3 4.61 57 0.5 0.2 0.2 0.2 4 440
BOU-DD25-574 628.3 628.9 1.80 39 0.6 0.0 1.2 1.9 1 258
BOU-DD25-575 242.2 243.1 1.28 1 0.9 0.0 0.0 0.0 5 102
BOU-DD25-575 309.7 310.7 0.88 22 1.0 0.0 0.1 0.2 3 99
BOU-DD25-575 311.6 314.3 1.37 53 2.7 0.9 0.1 0.1 6 240
BOU-DD25-575 369.8 371.3 1.51 14 1.5 0.0 0.0 0.0 1 134
BOU-DD25-575 394.4 395.8 2.22 27 1.4 0.0 0.2 0.2 1 212
BOU-DD25-575 422.4 427.3 1.09 15 4.9 0.0 0.0 0.1 2 104
BOU-DD25-576 370.4 371.0 0.47 74 0.6 0.0 0.2 0.8 3 136
BOU-DD25-576 391.7 392.3 0.63 80 0.6 0.0 10.8 2.9 3 461
BOU-DD25-577 390.0 391.0 0.46 15 1.0 0.0 1.3 0.2 9 91
BOU-DD25-577 396.3 396.8 1.55 19 0.5 0.1 0.2 0.1 5 153
BOU-DD25-577 407.0 408.0 0.44 18 1.0 0.0 2.2 4.4 6 218
BOU-DD25-577 426.0 426.9 0.09 356 0.9 0.0 0.8 0.4 9 393
BOU-DD25-577 497.2 497.7 0.66 15 0.5 0.0 0.8 1.6 8 128
BOU-DD25-577 500.1 501.3 4.74 21 1.2 0.0 0.3 0.9 8 425
BOU-DD25-577 502.8 503.8 0.59 12 1.0 0.0 0.5 1.3 8 104
BOU-DD25-577 508.5 510.5 1.28 10 2.0 0.0 0.2 0.2 14 120
BOU-DD25-577 519.8 520.3 1.53 21 0.5 0.0 0.1 0.1 3 148
BOU-DD25-577 656.0 657.0 0.26 34 1.0 0.3 0.0 0.0 2 78
BOU-DD25-578 48.0 48.7 0.59 6 0.7 0.0 0.2 0.7 7 75
BOU-DD25-578 506.6 509.0 1.15 19 2.4 0.1 0.2 0.4 9 129
BOU-DD25-578 513.9 515.3 0.71 13 1.4 0.1 0.0 0.0 21 75
BOU-DD25-579 148.2 149.0 0.03 99 0.8 0.0 9.9 2.1 7 392
BOU-DD25-579 215.6 216.2 0.28 32 0.6 0.0 0.6 0.1 7 70
BOU-DD25-579 375.2 377.2 0.98 38 2.0 0.2 0.5 1.6 22 181
BOU-DD25-579 538.0 539.0 0.03 95 1.0 0.0 0.0 0.0 2 99
BOU-DD25-579 543.0 545.0 0.03 92 2.0 0.0 0.0 0.0 2 96
BOU-DD25-579 616.7 617.5 5.54 41 0.8 0.1 3.3 6.2 34 716
BOU-DD25-579 660.0 661.0 0.48 17 1.0 0.1 2.4 4.7 2 237
BOU-DD25-579 702.0 703.0 1.36 18 1.0 0.1 1.2 1.4 3 192
BOU-DD25-579 708.0 709.0 0.93 35 1.0 0.1 0.1 0.8 2 137
BOU-DD25-580 42.0 43.0 0.55 17 1.0 0.0 0.7 0.7 15 96
BOU-DD25-580 53.5 55.3 1.18 45 1.8 0.0 2.8 4.9 52 329
BOU-DD25-580 176.0 177.0 0.03 332 1.0 0.0 0.0 0.0 3 336
BOU-DD25-580 180.8 183.5 0.03 147 2.7 0.0 0.0 0.0 2 152
BOU-DD25-580 184.4 185.3 0.03 55 0.9 0.0 0.0 0.0 1 60
BOU-DD25-580 287.4 288.3 2.02 71 0.9 0.8 1.8 2.5 4 402
BOU-DD25-580 309.7 310.6 0.64 11 0.9 0.3 0.3 0.2 11 97
BOU-DD25-580 362.2 366.7 1.72 30 4.5 0.4 0.1 0.1 3 199
BOU-DD25-580 368.5 371.2 0.25 76 2.7 0.3 0.3 0.8 2 146
BOU-DD25-580 376.0 377.0 0.14 159 1.0 0.1 0.3 0.3 4 195
BOU-DD25-580 379.9 380.8 0.03 102 0.9 0.1 0.1 0.5 1 128
BOU-DD25-580 392.2 394.0 0.68 12 1.8 0.1 0.1 0.2 1 77
BOU-DD25-580 574.1 575.5 0.66 14 1.4 0.0 0.0 0.0 4 69
BOU-DD25-580 580.4 581.4 0.82 13 1.0 0.0 0.1 0.2 5 86
BOU-DD25-582 239.0 240.0 0.03 75 1.0 0.0 0.0 0.0 9 79
BOU-DD25-582 243.0 245.0 0.03 69 2.0 0.0 0.0 0.0 10 72
BOU-DD25-582 254.0 255.0 0.03 69 1.0 0.0 0.0 0.0 7 74
BOU-DD25-584 62.0 63.7 1.01 7 1.7 0.0 0.0 0.3 5 95
BOU-DD25-584 68.7 69.6 1.49 5 0.9 0.0 0.0 0.1 3 126
BOU-DD25-584 105.0 107.0 1.00 11 2.0 0.0 0.1 0.4 5 103
BOU-DD25-584 325.7 334.7 4.04 41 9.0 0.1 0.1 0.1 7 369
Including 327.0 331.2 5.98 51 4.2 0.2 0.1 0.1 8 535
BOU-DD25-584 419.5 421.0 1.77 46 1.5 0.1 0.2 0.4 20 203
BOU-DD25-584 586.6 589.1 0.84 12 2.5 0.0 0.1 0.1 4 81
BOU-DD25-584 594.0 595.9 4.11 17 1.9 0.0 0.1 0.3 3 345
BOU-DD25-584 596.5 597.2 0.82 12 0.7 0.0 0.1 0.7 3 96
BOU-DD25-585 138.0 139.0 0.03 66 1.0 0.0 0.0 0.0 2 69
BOU-DD25-588 182.0 183.0 0.96 1 1.0 0.0 0.0 0.0 1 77
BOU-DD25-589 217.0 218.5 0.32 57 1.5 0.0 2.3 2.8 11 208
BOU-DD25-589 232.2 233.0 0.31 27 0.8 0.0 1.1 0.7 13 95
BOU-DD25-589 273.0 274.0 0.92 1 1.0 0.0 0.0 0.0 3 74
BOU-DD25-589 336.6 337.1 0.47 15 0.5 0.0 0.3 0.6 10 76
BOU-DD25-589 341.0 351.2 2.90 29 10.2 0.1 0.1 0.1 11 271
Including 345.4 348.0 7.46 71 2.6 0.4 0.1 0.1 15 692
BOU-DD25-589 407.9 408.5 3.97 32 0.6 0.0 0.2 0.0 30 350
BOU-DD25-589 423.9 425.0 3.06 40 1.1 0.2 0.1 0.4 9 304
BOU-DD25-589 449.3 449.8 1.73 126 0.5 0.5 0.8 0.1 7 324
BOU-DD25-589 465.4 466.1 0.91 45 0.7 0.0 0.8 1.7 10 180
BOU-DD25-589 468.5 469.7 0.89 44 1.2 0.0 0.8 1.7 10 178
BOU-DD25-589 482.6 483.1 10.22 35 0.5 0.1 0.4 2.1 11 897
BOU-DD25-589 514.5 515.0 1.57 48 0.5 0.4 1.7 1.1 12 276
BOU-DD25-589 521.0 522.8 1.38 11 1.8 0.0 0.2 0.2 7 131
BOU-DD25-589 528.0 528.7 1.04 18 0.7 0.1 0.8 0.6 4 139
BOU-DD25-589 559.6 560.1 0.88 27 0.5 0.3 0.7 0.6 29 153
BOU-DD25-589 565.5 566.1 0.30 49 0.6 0.0 1.0 0.8 20 118
BOU-DD25-589 577.5 578.2 0.43 47 0.7 0.1 0.4 0.5 5 109
BOU-DD25-589 580.6 582.2 0.18 51 1.6 0.0 1.1 1.4 5 126
BOU-DD25-590 20.3 21.3 2.67 1 1.0 0.0 0.0 0.0 12 210
BOU-DD25-593 102.7 103.2 0.62 1 0.5 0.0 0.0 0.0 2 51
BOU-DD25-594 111.5 112.0 0.73 1 0.5 0.0 0.0 0.1 2 61
BOU-DD25-600 189.6 190.4 0.92 6 0.8 0.1 0.0 0.0 2 90
BOU-DD25-629 13.3 14.2 0.61 1 0.9 0.0 0.0 0.0 1 52
BOU-DD25-629 23.2 27.5 1.52 3 4.3 0.0 0.0 0.0 9 126
Including 23.2 24.5 2.81 5 1.3 0.1 0.0 0.0 12 232
BOU-DD25-629 178.0 179.0 1.49 1 1.0 0.0 0.0 0.0 3 119
BOU-DD25-629 201.0 202.0 1.95 1 1.0 0.0 0.0 0.0 3 154
BOU-DD25-629 222.0 223.0 0.51 1 1.0 0.0 0.0 0.0 27 43
BOU-DD25-632 61.3 62.6 0.48 10 1.3 1.8 0.1 0.0 29 207
BOU-DD25-632 131.0 132.0 2.05 1 1.0 0.0 0.0 0.0 5 162
BOU-DD25-632 141.0 142.0 0.53 1 1.0 0.0 0.0 0.0 5 44
BOU-DD25-632 148.0 150.0 0.98 1 2.0 0.0 0.0 0.0 9 79
BOU-DD25-632 153.0 154.0 4.53 1 1.0 0.0 0.0 0.0 6 355
BOU-DD25-632 176.0 177.0 1.82 1 1.0 0.0 0.0 0.0 5 144
BOU-DD25-632 181.0 182.0 0.53 1 1.0 0.0 0.0 0.0 3 44
BOU-DD25-632 196.0 196.9 1.47 1 0.9 0.0 0.0 0.0 2 117
BOU-MP25-025 60.0 61.0 0.86 13 1.0 0.0 0.8 1.4 13 134
BOU-MP25-025 63.0 64.0 0.46 20 1.0 0.0 0.3 0.5 5 77
BOU-MP25-029 93.0 95.0 1.16 100 2.0 0.1 7.4 4.7 53 498
BOU-MP25-036 701.6 703.2 1.46 37 1.6 0.3 0.1 0.0 11 179
BOU-MP25-036 707.8 708.7 0.72 3 0.9 0.0 0.1 0.2 5 68
BOU-MP25-037 190.0 192.0 0.03 124 2.0 0.0 0.1 0.1 4 130
BOU-MP25-039 134.0 135.0 0.72 1 1.0 0.0 0.0 0.0 25 59
BOU-MP25-040 27.0 28.0 0.68 3 1.0 0.0 0.0 0.0 9 59
BOU-MP25-044 31.0 35.0 0.03 82 4.0 0.0 0.1 0.0 32 88
BOU-MP25-067 14.0 15.0 0.09 53 1.0 0.1 4.0 2.3 11 219
BOU-MP25-067 50.0 51.0 0.49 11 1.0 0.0 1.5 3.2 7 163
BOU-MP25-067 153.0 155.0 1.04 31 2.0 0.0 0.5 0.3 15 135
BOU-MP25-068 210.0 211.7 0.50 14 1.7 0.2 0.7 4.4 5 191
BOU-MP25-068 277.3 278.2 0.14 47 0.9 0.1 2.2 2.0 11 166
BOU-MP25-069 79.1 91.0 1.45 35 11.9 0.1 0.3 1.4 18 195
BOU-RC25-023 58.0 59.0 1.15 46 1.0 0.1 0.9 2.5 23 227
BOU-RC25-023 64.0 65.0 0.58 9 1.0 0.0 0.4 1.3 14 98
BOU-RC25-024 51.0 54.0 0.54 10 3.0 0.0 0.2 0.2 29 64
BOU-RC25-024 57.0 58.0 3.48 31 1.0 0.3 0.5 0.3 33 351
BOU-RC25-024 107.0 119.0 1.11 19 12.0 0.1 0.6 1.3 15 157
BOU-RC25-025 102.0 103.0 1.36 5 1.0 0.1 0.1 0.1 5 119
BOU-RC25-025 171.0 172.0 1.13 11 1.0 0.1 0.3 0.7 9 129
BOU-RC25-026 2.0 3.0 0.03 59 1.0 0.0 0.0 0.4 27 73
BOU-RC25-026 28.0 29.0 1.48 78 1.0 0.0 0.2 0.9 15 224
BOU-RC25-026 63.0 64.0 0.52 23 1.0 0.0 0.3 1.0 42 100
BOU-RC25-027 141.0 142.0 0.57 18 1.0 0.0 0.1 0.2 4 70
BOU-RC25-028 29.0 31.0 0.03 96 2.0 0.1 9.1 4.3 17 429
BOU-RC25-029 144.0 145.0 0.36 15 1.0 0.0 0.2 0.3 43 58
BOU-RC25-030 71.0 72.0 0.85 74 1.0 0.0 0.4 0.1 68 158
BOU-RC25-030 124.0 125.0 0.82 6 1.0 0.0 0.3 0.2 11 85
BOU-RC25-030 131.0 132.0 0.76 22 1.0 0.0 0.1 0.1 13 86
BOU-RC25-033 1.0 2.0 0.03 76 1.0 0.0 0.0 0.0 1 80

* True widths are undetermined; all values are uncut.

Appendix 2 – New Drillhole Coordinates of 2025 Boumadine Exploration Program (completed holes)

DDH No. Easting Northing Elevation Azimuth Dip Length (m)
BOU-DD25-607 317247 3475767 1248 250 -50 64
BOU-DD25-608 317321 3475794 1235 250 -50 600
BOU-DD25-609 317247 3475767 1248 250 -50 552
BOU-DD25-610 317397 3475821 1233 250 -50 681
BOU-DD25-611 317548 3475876 1222 250 -50 912
BOU-DD25-612 317313 3475547 1251 250 -50 603
BOU-DD25-613 317398 3475576 1257 250 -50 681
BOU-DD25-614 317279 3475422 1233 250 -50 531
BOU-DD25-615 317362 3475451 1233 250 -50 615
BOU-DD25-616 317449 3475481 1234 250 -50 730
BOU-DD25-617 317414 3475339 1235 250 -50 639
BOU-DD25-618 317495 3475368 1235 250 -50 723
BOU-DD25-619 317538 3474995 1284 73 -50 261
BOU-DD25-620 317464 3474968 1278 70 -50 363
BOU-DD25-621 316944 3475047 1244 70 -50 621
BOU-DD25-622 317373 3474935 1291 70 -50 444
BOU-DD25-623 317196 3474870 1307 70 -50 765
BOU-DD25-624 317211 3474760 1305 70 -50 759
BOU-DD25-625 301097 3472728 1268 180 -50 201
BOU-DD25-626 301098 3472764 1256 180 -50 198
BOU-DD25-627 316869 3475019 1243 70 -50 858
BOU-DD25-628 301098 3472800 1248 180 -50 201
BOU-DD25-629 299825 3472322 1288 180 -50 231
BOU-DD25-630 317789 3475489 1266 70 -50 330
BOU-DD25-631 317750 3475476 1262 70 -50 477
BOU-DD25-632 299825 3472355 1279 180 -50 204
BOU-DD25-633 317250 3474119 1263 70 -55 570
BOU-DD25-634 318114 3475387 1288 250 -50 552
BOU-DD25-635 299825 3472394 1276 180 -50 201
BOU-DD25-637 318193 3475416 1288 250 -50 516
BOU-DD25-638 299825 3472430 1270 180 -50 234
BOU-DD25-639 317635 3473833 1282 70 -60 291
BOU-DD25-640 299701 3472322 1297 180 -50 243
BOU-DD25-641 299702 3472357 1284 180 -50 276
BOU-DD25-643 299702 3472393 1275 180 -50 231
BOU-DD25-644 299702 3472428 1266 180 -50 213
BOU-MP25-079 317250 3474119 1263 70 -50 84
BOU-MP25-080 317385 3474168 1286 60 -60 254
BOU-MP25-081 317316 3474143 1273 65 -65 218
BOU-MP25-082 317250 3474119 1263 65 -65 72
BOU-MP25-083 317165 3474088 1265 65 -65 854
BOU-MP25-084 317077 3474056 1273 65 -65 150
BOU-MP25-085 317409 3473963 1271 65 -65 120
BOU-MP25-086 317409 3473963 1271 65 -65 414
BOU-MP25-087 317485 3473991 1280 65 -65 333
BOU-MP25-088 317334 3473936 1267 65 -65 663
BOU-MP25-089 317250 3473906 1270 65 -65 20
BOU-MP25-090 317250 3473906 1270 65 -65 36
BOU-MP25-091 317635 3473833 1282 65 -65 102
BOU-MP25-092 317557 3473805 1276 65 -65 102
BOU-MP25-093 317477 3473776 1273 65 -65 66
BOU-MP25-094 317397 3473747 1273 65 -65 705
BOU-RC25-039 316816 3477318 1227 250 -65 204
BOU-RC25-040 316984 3477164 1221 250 -55 36
BOU-RC25-041 316979 3477156 1221 250 -57 102
BOU-RC25-042 316959 3477206 1215 250 -55 132
BOU-RC25-043 316923 3477193 1221 250 -55 200
BOU-RC25-044 334418 3472561 1225 320 -50 100
BOU-RC25-045 334445 3472528 1223 320 -50 200
BOU-RC25-046 334473 3472496 1220 320 -50 200

1. All intersections are in core lengths. Ag equivalent is based on a silver price of US$24/oz with a process recovery of 89%, a gold price of US$2,200/oz with a process recovery of 85%, a zinc price of US$1.20/lb with a process recovery of 72%, a lead price of US$1.00/lb with a process recovery of 85%, and a copper price of US$4.00/lb with a process recovery of 75% resulting in the following ratios: 1g/t Au: 77.9 g/t Ag; 1% Cu: 85.4 g/t Ag; 1% Pb: 24.2 g/t Ag; and 1% Zn: 24.6 g/t Ag.

Photos accompanying this announcement are available at

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Primary Logo

Figure 1

Boumadine Mining Licence Surface Plan with Magnetic Data (Residual Total Field) and 2025 Drill Holes
Figure 2

Boumadine Property Surface Plan with New Permits and 2025 Drill Holes
Figure 3

Surface Plan of Boumadine North, Imariren and Tizi Zones with New DDH Results
Figure 4

Surf ace Plan of Boumadine South Zone with New DDH Results
Figure 5

Surface Map of Asirem Trend with Apparent Conductivity(175Hz) and Grab Results
Figure 6

Section of Asirem Mineralization with Simplified Geology and Partial Results

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