# Aya Gold & Silver Advances Boumadine Project Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/aya-gold-silver-advances-boumadine-project--1cc6071c-3864-47f2-b7b9-b4573fa87e80 Original source: https://money.tmx.com/en/quote/AYA/news/4905353048313844/aya-gold-silver-advances-boumadine-project Publisher: tmx Original announcement: 2026-07-15T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Aya Gold & Silver Inc. - Ticker: AYA - Exchange: TSX - Region: Morocco - Primary commodity: Polymetallic - Secondary commodities: Silver - Document categories: Economic study, Drill results, Metallurgy - Extracted: 2026-09-19 10:36:48 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Aya Gold & Silver provided an update on the Boumadine Project, noting that the Feasibility Study is progressing as planned with an expected completion in H2-2027. The company has completed over 102,000m of infill drilling year-to-date and is in the final phase of metallurgical testwork. An updated Preliminary Economic Assessment \(PEA\) is scheduled for release in the second half of 2026. Reasoning: The announcement provides a positive operational update on the Boumadine Project, detailing progress in engineering, drilling, and metallurgy towards a Feasibility Study and an updated PEA. - Positive factor: Progress on Feasibility Study \(FS\) as planned - Positive factor: Infill drilling campaign \(102,111m completed YTD\) supporting resource conversion - Positive factor: Metallurgical testwork in final phase with satisfying results - Positive factor: Updated PEA on track for H2-2026 Facts used in scoring: 3 ## Classification and evidence **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The company is conducting a 360,000m infill drilling campaign to support resource conversion. Evidence · text > 102,111 metres \(“m”\) have been completed year-to-date as part of the Company’s 360,000m infill drilling campaign **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release names specific Qualified Persons \(David Lalonde and Raphaël Beaudoin\) responsible for technical information. Evidence · text > reviewed and approved by David Lalonde, B. Sc, Vice-President, Exploration, and Raphaël Beaudoin, P.Eng, Vice-President, Operations **Heap Leach Route** Polarity: neutral Definition: Processing via heap leach — lower CAPEX and OPEX, lower recovery expected. Why it applies: the document describes a heap\_leach route \("heap leach"\) **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: the document describes a flotation route \("concentrate"\) ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Drill Results (1) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/aya-gold-silver-advances-boumadine-project--1cc6071c-3864-47f2-b7b9-b4573fa87e80#fact-drill-facts-0) Needs review: drill\_no\_hole\_id #### Identity - Region: morocco - Reported Region: morocco - Ticker: AYA #### Classification - Program: resource - Sample Type: drill #### Location - Location: Main, Tizi and Imariren trends - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-15T00:00:00.000Z Reasoning: Substantial infill drilling is underway to upgrade resource confidence. - Positive factor: Significant meterage completed to support resource conversion Evidence · text > 102,111 metres \(“m”\) have been completed year-to-date as part of the Company’s 360,000m infill drilling campaign #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ## Metallurgical Results (1) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/aya-gold-silver-advances-boumadine-project--1cc6071c-3864-47f2-b7b9-b4573fa87e80#fact-metallurgical-facts-1) Boumadine · polymetallic #### Identity - Project: Boumadine - Commodity: polymetallic - Region: morocco - Reported Region: Morocco - Ticker: AYA #### Test Work - Program Status: detailed #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-15T00:00:00.000Z Reasoning: Metallurgical program is advancing to support final process design. - Positive factor: Testwork is in final phase and results are satisfying existing flowsheet Evidence · text > metallurgical testwork program, led by SGS Canada Inc. \("SGS"\), continues to advance and is now in its final phase ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.