07:45 AM EDT, 03/19/2024 (MT Newswires) -- Aya Gold & Silver Inc. ( AYASF ) , which gained 3.5% yesterday, on Tuesday said that it has completed 50% of its airborne Mobile geophysical survey and secured the right to six exploration permits at its Boumadine Project in Morocco. Its Boumadine exploration portfolio now totals up to 141.4 square kilometers (km2).

Four DDH rigs are turning at Boumadine, with three additional surface rigs expected in the coming weeks as part of the 120,000m drill exploration program. The company will test targets generated by 2023 and 2022 exploration work including drilling, the hyperspectral survey, detail airborne geophysics (magnetics and electromagnetics), detail mapping and prospecting. The 2024 program will test strike extensions of the Boumadine Main Trend; N030 and N70 structures; extensions of the Tizi Zone; and other exploration targets based on the mapping and prospecting data.

"We are excited to consolidate further and increase our footprint by 70%, as our largest annual drill program ever at Boumadine continues to exceed expectations and indicate significant potential," said Benoit La Salle, President & CEO. "Our confidence continues to grow with additional drill results, and we expect our geophysics, hyperspectral and ground mapping to generate valuable data to define quality drill targets on the permits."