# Aya logs high-grade, shallow silver in Morocco Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/aya-logs-high-grade-shallow-silver-in-morocco--8ba1c63b-9255-44bc-9462-36ea42b6471a Original source: https://www.northernminer.com/news/aya-logs-high-grade-shallow-silver-in-morocco/1003894956/ Publisher: northernminer Original announcement: 2026-09-18T14:45:54.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Aya Gold & Silver - Ticker: AYA - Exchange: Unavailable - Region: Morocco - Primary commodity: Silver - Secondary commodities: Gold, Zinc, Lead - Document categories: Drill results, Resource update, Economic study - Extracted: 2026-09-18 16:48:52 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Aya Gold & Silver has reported high-grade silver drill results at its Zgounder mine in Morocco, including an intercept of 783 g/t Ag. The company is also progressing its Boumadine polymetallic project, which shows strong economic potential in a recent preliminary economic assessment. Reasoning: The document reports high-grade silver drill results that extend mineralization at the Zgounder mine, alongside strong economic indicators for the Boumadine project. - Positive factor: High-grade silver intercepts reported - Positive factor: Mineralization extension around existing open pit - Positive factor: Strong economic metrics for Boumadine project - Positive factor: Significant existing resource base at Zgounder Facts used in scoring: 7 ## Classification and evidence **Bonanza Intercept** Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Why it applies: 783 g/t silver is exceptionally high for silver deposits. Evidence · text > 783 grams silver per tonne **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: Drilling has extended mineralization around the existing open pit. Evidence · text > has extended high-grade silver mineralization around the existing open pit **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The document reports an inferred resource component. Evidence · text > 410,000 inferred tonnes grading 340 grams silver **High IRR** Polarity: positive Definition: Post-tax real unlevered IRR in the strong tier or better. Why it applies: Boumadine project reports a 93% IRR. Evidence · text > 93% internal rate of return ## Extracted facts Stored fact records: 6. Some facts used in scoring do not have a stored record. ## Drill Results (4) ### ZG-RC-24-155 [Link to this fact](https://atlas-extractions.minestarters.com/news/aya-logs-high-grade-shallow-silver-in-morocco--8ba1c63b-9255-44bc-9462-36ea42b6471a#fact-drill-facts-0) Zgounder · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: ZG-RC-24-155 - Project: Zgounder - Commodity: silver - Region: morocco - Reported Region: morocco - Ticker: AYA #### Geometry - Grade: 783 - Grade Unit: g/t - Intercept: 13 m - From: 0 m - To: 13 m - Intercept Depth: 0 m #### Classification - Sample Type: drill - Group ID: ZG-RC-24-155:0-13 - Mining Method: open\_pit #### Location - Location: Central Zone - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QA/QC Methods: standards, blanks #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2024-01-01T00:00:00.000Z #### Dates - Event date: 2026-09-18T00:00:00.000Z Reasoning: Extremely high grade intercept from surface. - Positive factor: Exceptional grade Evidence · text > ZG-RC-24-155 in the mine’s open-pit area cut 13 metres of 783 grams silver per tonne from surface #### Tags used in scoring **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: qaqc\_disclosed is 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 **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "ZG-RC-24-155 in the mine’s open-pit area cut 13 metres of 783 grams silver per tonne from surface" ### ZG-RC-24-354 [Link to this fact](https://atlas-extractions.minestarters.com/news/aya-logs-high-grade-shallow-silver-in-morocco--8ba1c63b-9255-44bc-9462-36ea42b6471a#fact-drill-facts-1) Zgounder · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: ZG-RC-24-354 - Project: Zgounder - Commodity: silver - Region: morocco - Reported Region: morocco - Ticker: AYA #### Geometry - Grade: 501 - Grade Unit: g/t - Intercept: 11 m - From: 2 m - To: 13 m - Intercept Depth: 2 m #### Classification - Sample Type: drill - Group ID: ZG-RC-24-354:2-13 - Mining Method: open\_pit #### Location - Location: Central Zone - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QA/QC Methods: standards, blanks #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2024-01-01T00:00:00.000Z #### Dates - Event date: 2026-09-18T00:00:00.000Z Reasoning: High grade intercept. - Positive factor: Strong grade Evidence · text > ZG-RC-24-354, intersected 11 metres of 501 grams silver from 2 metres depth #### Tags used in scoring **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: qaqc\_disclosed is 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 ### T28-26-1404 [Link to this fact](https://atlas-extractions.minestarters.com/news/aya-logs-high-grade-shallow-silver-in-morocco--8ba1c63b-9255-44bc-9462-36ea42b6471a#fact-drill-facts-2) Zgounder · silver #### Identity - Hole ID: T28-26-1404 - Project: Zgounder - Commodity: silver - Region: morocco - Reported Region: morocco - Ticker: AYA #### Geometry - Grade: 762 - Grade Unit: g/t - Intercept: 12 m - From: 7 m - To: 19 m - Intercept Depth: 7 m #### Classification - Sample Type: drill - Group ID: T28-26-1404:7-19 - Mining Method: open\_pit #### Location - Location: Central Zone - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QA/QC Methods: standards, blanks #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-18T00:00:00.000Z Reasoning: High grade intercept. - Positive factor: High grade Evidence · text > T28-26-1404, which cut 12 metres grading 762 grams silver from 7 metres depth #### Tags used in scoring **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: qaqc\_disclosed is 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 ### T28-26-1443 [Link to this fact](https://atlas-extractions.minestarters.com/news/aya-logs-high-grade-shallow-silver-in-morocco--8ba1c63b-9255-44bc-9462-36ea42b6471a#fact-drill-facts-3) Zgounder · silver #### Identity - Hole ID: T28-26-1443 - Project: Zgounder - Commodity: silver - Region: morocco - Reported Region: morocco - Ticker: AYA #### Geometry - Grade: 468 - Grade Unit: g/t - Intercept: 14 m - From: 14 m - To: 28 m - Intercept Depth: 14 m #### Classification - Sample Type: drill - Group ID: T28-26-1443:14-28 - Mining Method: open\_pit #### Location - Location: Central Zone - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QA/QC Methods: standards, blanks #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-18T00:00:00.000Z Reasoning: Strong grade intercept. - Positive factor: Strong grade Evidence · text > T28-26-1443, which cut 14 metres of 468 grams silver from 14 metres downhole #### Tags used in scoring **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: qaqc\_disclosed is 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 ## Resource Estimates (2) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/aya-logs-high-grade-shallow-silver-in-morocco--8ba1c63b-9255-44bc-9462-36ea42b6471a#fact-resource-facts-4) Zgounder · silver #### Identity - Project: Zgounder - Commodity: silver - Region: morocco - Reported Region: Morocco - Ticker: AYA #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Resource group id: resource:45ebfd73abfa4b718975 #### Resource Data - Category: indicated - Tonnes: 18900000 - Grade: 165 - Grade Unit: g/t - Contained Metal: 100200000 - Contained Unit: oz #### Prior Estimate - Resource Date: 2025-12-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-18T00:00:00.000Z Reasoning: Significant M&I resource reported. - Positive factor: Large silver resource Evidence · text > Zgounder holds 18.9 million measured and indicated tonnes grading 165 grams silver for contained metal of 100.2 million oz. #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/aya-logs-high-grade-shallow-silver-in-morocco--8ba1c63b-9255-44bc-9462-36ea42b6471a#fact-resource-facts-5) Zgounder · silver #### Identity - Project: Zgounder - Commodity: silver - Region: morocco - Reported Region: Morocco - Ticker: AYA #### Resource scope - Estimate type: resource - Effective date: 2025-12-31T00:00:00.000Z - Resource group id: resource:c5ce5dba5ebbd940b5d9 #### Resource Data - Category: inferred - Tonnes: 410000 - Grade: 340 - Grade Unit: g/t - Contained Metal: 4500000 - Contained Unit: oz #### Prior Estimate - Resource Date: 2025-12-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-18T00:00:00.000Z Reasoning: Inferred resource component. - Negative factor: Inferred category Evidence · text > 410,000 inferred tonnes grading 340 grams silver for contained metal of 4.5 million oz. silver #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **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 ## 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.