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News Article | April 17, 2017
Site: www.marketwired.com

BLAINVILLE, QUEBEC--(Marketwired - April 12, 2017) - Maya Gold & Silver ("Maya" or the "Corporation") (TSX VENTURE:MYA) is pleased to report a monthly record production of 53,829 ounces (1,674 Kg) of silver during the month of March 2017 at its Zgounder silver mine in Morocco. During the month of March 2017, underground exploration and development consisted of 870.8 metres of percussion drilling in seven mine workings. Highlights of the work completed are: Other percussion drill holes determined the extent of silver mineralization between levels 2006 and 2012, in panel 09 and at level 2000 (P8). The technical content of this news release has been provided by Zgounder Millenium Silver Mining and has been reviewed and approved by Michel Boily, PhD, geo from GÉON; an independent Qualified Person under NI 43-101 standards. Maya Gold & Silver Inc. is a Canadian publicly listed mining corporation focused on the exploration and development of gold and silver deposits in Morocco. Maya is initiating mining and milling operations at its Zgounder Mine owned by Zgounder Millenium Silver Mining ("ZMSM"), a Maya 85% owned joint venture with l'Office National des Hydrocarbures et des Mines ("ONHYM") of the Kingdom of Morocco (15%). Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains statements about our future business and planned activities. These are "forward-looking" because we have used what we know and expect today to make a statement about the future. Forward-looking statements including but are not limited to comments regarding the timing and content of upcoming work and analyses. Forward-looking statements usually include words such as may, intend, plan, expect, anticipate, and believe or other similar words. We believe the expectations reflected in these forward-looking statements are reasonable. However, actual events and results could be substantially different because of the risks and uncertainties associated with our business or events that happen after the date of this news release. You should not place undue reliance on forward-looking statements. As a general policy, we do not update forward-looking statements except as required by securities laws and regulations.


NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES Maya Gold & Silver ("Maya" or the "Corporation") (TSX VENTURE:MYA) announces the repayment of the $3,050,000 of 8% unsecured convertible debenture maturing between February 10 and March 28, 2017 (the "Debentures"). The Debentures contained features which permitted the holders at maturity to receive, cash; or common shares of Maya, or silver ingots produced from the Zgounder mine. All debentures were presented for repayment and cancellation, and the principal amount was paid to the holders in cash. The funds for redemption, were obtained from Maya's operating subsidiary Zgounder Millenium Silver Mines, "While the Debenture conversion or repayment structure offered the investors interesting alternatives, the current metals market dictated the repayment of the principal plus interest to be in the best interests of these stakeholders. We appreciate and thank the stakeholders for their support and are pleased that these investors received the return of their capital." said Martin Wong Maya's CEO. Maya Gold & Silver Inc. is a Canadian publicly listed mining corporation focused on the exploration and development of gold and silver deposits in Morocco. Maya is initiating mining and milling operations at its Zgounder Mine owned by Zgounder Millenium Silver Mining, a Maya 85% owned joint venture with l'Office National des Hydrocarbures et des Mines of the Kingdom of Morocco (15%). Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains statements about our future business and planned activities. These are "forward-looking" because we have used what we know and expect today to make a statement about the future. Forward-looking statements including but are not limited to comments regarding the timing and content of upcoming work and analyses. Forward-looking statements usually include words such as may, intend, plan, expect, anticipate, and believe or other similar words. We believe the expectations reflected in these forward-looking statements are reasonable. However, actual events and results could be substantially different because of the risks and uncertainties associated with our business or events that happen after the date of this news release. You should not place undue reliance on forward-looking statements. As a general policy, we do not update forward-looking statements except as required by securities laws and regulations.


Bea F.,University of Granada | Montero P.,University of Granada | Haissen F.,Hassan II University | Molina J.F.,University of Granada | And 5 more authors.
Gondwana Research | Year: 2015

West of the southern, Archean, part of the Reguibat Rise of the West African Craton the Oulad Dlim Massif consists of metamorphic nappes stacked during the Mauritanides (Variscan) orogeny. In the Derraman region, about 12km west of the nappes, we have found strongly deformed hypersolvus aegirine-riebeckite A1-type granites with SHRIMP zircon U-Pb ages of ca. 525±3Ma, ε(Nd)525Ma (-5.2 to -6.8.) and Nd model ages TCR ≈1.85Ga. These granites define two km-sized bodies and a few smaller satellites. One body is emplaced within a 3.12Ga leucocratic gneiss. The other body and its satellites are emplaced within an Archean low-grade metasedimentary sequence with detrital zircons that have ages that peak at 2.84Ga, 2.91Ga, and 3.15Ga. These Archean gneisses and metapelite rocks define a tectonic unit, hereafter called the Derraman-Bulautad-Leglat (DBL) unit, which was formed from the Reguibat basement at the very margin of the WAC. The ~525Ma Derraman granites are the oldest post-Archean rocks in this unit and were generated in an intraplate rifting environment from melting of crustal fenites during the ubiquitous Cambrian rifting event that affected this part of northern Gondwana. At the present level of knowledge, however, we cannot decide whether the "old" Nd isotope signature of Derraman granites resulted from melting of an old (Paleoproterozoic) fenite source or reflects the signature of the mantle-derived metasomatising fluids. The just-discovered Derraman granites are strikingly similar to other rift-related Cambrian-Ordovician hypersolvus aegirine-riebeckite granites widespread in North Gondwana. Understanding the potential connections between them would help to understand the Cambrian-Ordovician breakdown of northern Gondwana. © 2015 International Association for Gondwana Research.


Grant
Agency: European Commission | Branch: FP7 | Program: CP | Phase: ENERGY.2009.5.2.2 | Award Amount: 3.13M | Year: 2010

COMET aims at identifying and assessing the most cost effective CO2 transport and storage infrastructure able to serve the West Mediterranean area, namely Portugal, Spain and Morocco. This is achieved considering the time and spatial aspects of the development of the energy sector and other industrial activities in those countries as well as the location, capacity and availability of potential CO2 storage geological formations. Special attention is given to a balanced decision on transport modes, matching the sources and sinks, addressing safety and lifetime objectives, meeting optimal cost - benefit trade-off, for a CCS network infrastructure as part of an international cooperation policy. The need for a joint CCS infrastructure in the West Mediterranean is related to the geographical proximity, to the increasing connections between the energy and industrial sectors in the area, to the continuity of sedimentary basins that can act as possible storage reservoirs and to the existing experience in managing a large gas transport infrastructure, such as the natural gas pipeline coming through Morocco, to Spain and Portugal. The consortium is coordinated by INETI (Portugal), and comprises 7 research institutions, 4 Universities, 1 SME and 5 energy companies from 6 European countries and Morocco. COMET aims to optimise the connection between sources and sinks by comparing the several possible transport modes (pipelines, trains, ships and trucks) and existing and to be realized infrastructures and expects to find the least-cost transport mode and routes from clusters to sinks. It is expected that each source cluster will be rigorously matched to the most suitable sink, while minimising the required investment in infrastructures and taking advantage of the effect of scale associated to an integrated infrastructure. COMET will be an important step towards the safe and commercial deployment of large scale near zero emission power plants in SW Europe and North Africa.


Montero P.,University of Granada | Haissen F.,Hassan II University | Mouttaqi A.,Office National des Hydrocarbures et des Mines | Molina J.F.,University of Granada | And 4 more authors.
Gondwana Research | Year: 2016

The Oulad Dlim Massif of the Western Reguibat Shield contains several carbonatite complexes of previously unknown age. The largest and best studied are Gleibat Lafhouda, composed of magnesiocarbonatites, and Twihinate, composed of calciocarbonatites. Gleibat Lafhouda is hosted by Archean gneisses and schists. It has a SHRIMP U-Th-Pb zircon crystallization age of 1.85±0.03Ga, a Nd model age of TCR =1.89±0.03Ga, and a Sm-Nd age of 1.85±0.39Ga. It forms part of the West Reguibat Alkaline province. Twihinate, on the other hand, is much younger. It is hosted by Late Silurian to Early Devonian deformed granites and has a zircon crystallization age of 104±4Ma, which is within error of the age of the carbonatites of the famous Richat Structure in the southwest Reguibat Shield. Like these, the Twihinate carbonatites are part of the Mid-Cretaceous Peri-Atlantic Alkaline Pulse. The Twihinate carbonatites contain abundant inherited zircons with ages that peak at ca. 420Ma, 620Ma, 2050Ma, 2466Ma, and 2830Ma. This indicates that their substratum has West African rather than, as previously suggested, Avalonian affinities. It has, however, a Paleoproterozoic component that is not found in the neighboring western Reguibat Shield. The 421Ma to 410Ma gneissic granites hosting Twihinate are epidote+biotite+Ca-rich garnet deformed I-type to A-type granites derived from magmas of deep origin compatible, therefore, with being generated in a subduction environment. These granites form a body of unknown dimensions and petrogenesis, the study of which will be of key importance for understanding the geology and crustal architecture of this region. © 2016 International Association for Gondwana Research.


Tarim G.,OMV Austria Exploration and Production GmbH | Jabour H.,Office National des Hydrocarbures et des Mines | Molnar J.,707 Queensmill Ct. | Valasek D.,Statoil | Zizi M.,Ziz Geoconsulting
AAPG Memoir | Year: 2012

The Moroccan salt basin remains one of the least explored of the west African salt basins. Although small producing fields in the onshore Essaouira Basin exist, so far, only subcommercial discoveries on the shelf have been made. During the last decade, three exploration wells were drilled in the deep water between Essaouira and Tarfaya in the central segment of the Atlantic margin of Morocco. These wells documented a general lack of reservoir-facies siliciclastics within the Cenozoic and Upper Cretaceous deep-water sequence. Compared to the other segments of the Atlantic margin, the Moroccan margin has had a fairly complex structural history since the Middle Jurassic breakup between the North American-African plates involving several well-documented Alpine compressional periods and mountain building in the adjacent Atlas Mountains. In particular, as the Neogene-Holocene inversion, uplift, and erosion of the Atlas system is very well documented onshore, the apparent lack of Upper Cretaceous and Cenozoic reservoirs in the first deep-water wells came as a surprise. Therefore, reservoir presence, as the most critical risk factor in the deepwater exploration of the Moroccan Atlantic margin, needs to be better understood before new exploration wells can be drilled. Based on regional evidence, the Lower Cretaceous and the Jurassic sequences are interpreted to be significantly more sand prone in the deep-water areas than the overlying Upper Cretaceous and Cenozoic strata. ©2012 by The American Association of Petroleum Geologists.


BLAINVILLE, QUÉBEC--(Marketwired - Nov. 30, 2016) - Maya Gold & Silver Inc. ("Maya" or the "Corporation") (TSX VENTURE:MYA) announces the filing of its unaudited interim consolidated financial statements and management discussion & analysis ("MD&A") as at and for the third quarter ended September 30, 2016. The Corporation also announces that it has entered into an amendment agreement (the "Amendment Agreement") to its loan facility with European Bank for Reconstruction and Development ("EBRD") dated September 22, 2015 as amended on March 11, 2016 (the "Loan"). Highlights, outlook and selected financial information for the nine-month period ended September 30th, 2016: On November 24, 2016, the Corporation and EBRD agreed to postpone the principal repayments of the Loan by 18 months. 4,000,000 share purchase warrants (each a "Warrant") will be issued to EBRD as restructuring cost upon acceptation by the regulatory authorities. Each Warrant will entitle its holder to purchase one additional common share of the Corporation at any time for a period of three years at an exercise price of $0.28. The Corporation may accelerate the expiry time of the Warrants if, at any time, the weighted average trading price of the common shares of the Corporation listed on the TSX Venture Exchange is equal to or above $0.60 per share for a period of 20 consecutive trading days. EBRD started investing in Morocco in 2012. To date, EBRD has invested EUR1 billion in 28 projects across the country in various sectors of the economy, including trade-facilitation credit lines with local banks. The EBRD has also provided technical assistance support to more than 242 local small and medium enterprises. For further information on EBRD visit EBRD's website at www.ebrd.com. Maya Gold & Silver Inc. is a Canadian publicly listed mining corporation focused on the exploration and development of gold and silver deposits in Morocco. Maya is initiating mining and milling operations at its Zgounder Mine owned by Zgounder Millenium Silver Mining ("ZMSM"), a Maya 85% owned joint venture with l'Office National des Hydrocarbures et des Mines ("ONHYM") of the Kingdom of Morocco (15%). For further information on Maya visit www.mayagoldsilver.com. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains statements about our future business and planned activities. These are "forward-looking" because we have used what we know and expect today to make a statement about the future. Forward-looking statements including but are not limited to comments regarding the timing and content of upcoming work and analyses. Forward-looking statements usually include words such as may, intend, plan, expect, anticipate, and believe or other similar words. We believe the expectations reflected in these forward-looking statements are reasonable. However, actual events and results could be substantially different because of the risks and uncertainties associated with our business or events that happen after the date of this news release. You should not place undue reliance on forward-looking statements. As a general policy, we do not update forward-looking statements except as required by securities laws and regulations.


BLAINVILLE, QUÉBEC--(Marketwired - Feb. 14, 2017) - Maya Gold & Silver Inc. ("Maya" or the "Corporation") (TSX VENTURE:MYA) is pleased to report production of 53,376 ounces (1660 Kg) during the month of January 2017 at its Zgounder silver mine in Morocco. This constitutes a record monthly production. - A total 4975 tonnes of dry material with an average head grade of 380.9 g/t Ag; Principal location and level of extraction zones during the month of January January Highlights of research work at the Zgounder Mine The technical content of this news release has been provided by Zgounder Millenium Silver Mining and has been reviewed and approved by Michel Boily, PhD, geo from GÉON; an independent Qualified Person under NI 43-101 standards. Maya Gold & Silver Inc. is a Canadian listed mining corporation focused on the exploration and development of gold and silver deposits in Morocco. Maya is initiating mining and milling operations at its Zgounder Mine. Zgounder Millenium Silver Mining ("ZMSM"), the 85% owned joint venture with l'Office National des Hydrocarbures et des Mines ("ONHYM") of the Kingdom of Morocco (15%) For further information on Maya, visit www.mayagoldsilver.com. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The decision to commence production at the Zgounder Silver Mine was not based on a feasibility study of mineral reserves demonstrating economic and technical viability, but rather on a pre-feasibility study. Accordingly, there is increased uncertainty and economic and technical risks of failure associated with this production decision. Production and economic variables may vary considerably, due to the absence of a complete and detailed site analysis according to and in accordance with NI 43-101. This news release contains statements about our future business and planned activities. These are "forward-looking" because we have used what we know and expect today to make a statement about the future. Forward-looking statements including but are not limited to comments regarding the timing and content of upcoming work and analyses. Forward-looking statements usually include words such as may, intend, plan, expect, anticipate, and believe or other similar words. We believe the expectations reflected in these forward-looking statements are reasonable. However, actual events and results could be substantially different because of the risks and uncertainties associated with our business or events that happen after the date of this news release. You should not place undue reliance on forward-looking statements. As a general policy, we do not update forward-looking statements except as required by securities laws and regulations.


News Article | December 22, 2016
Site: www.marketwired.com

BLAINVILLE, QUÉBEC--(Marketwired - Dec. 22, 2016) - Maya Gold & Silver Inc. ("Maya" or the "Corporation") (TSX VENTURE:MYA) announced a production of 35,997 ounces of silver (1119 kg) during the month of November 2016 at its Zgounder silver mine in Morocco. The silver production fell off by 8.2% over the previous month primarily due to lower concentrations of the mineralized material processed as well as a lower rate of recovery. The head grade of material processed during the month achieved 299.7 g /t Ag against 403 g/t obtained during October. The head grade decrease is principally related to accrued underground development work preparing mining sites to provide sufficient mineralized material which will be able to feed at full capacity the flotation cells a near future. Principal location and level of the extraction zones during the month of November The technical content of this news release has been provided by Zgounder Millenium Silver Mining and has been reviewed and approved by Michel Boily, PhD, geo from GÉON; an independent Qualified Person under NI 43-101 standards. Maya Gold & Silver Inc. is a Canadian listed mining corporation focused on the exploration and development of gold and silver deposits in Morocco. Maya is initiating mining and milling operations at its Zgounder Mine. Zgounder Millenium Silver Mining ("ZMSM"), the 85% owned joint venture with l'Office National des Hydrocarbures et des Mines ("ONHYM") of the Kingdom of Morocco (15%). Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The decision to commence production at the Zgounder Silver Mine was not based on a feasibility study of mineral reserves demonstrating economic and technical viability, but rather on a pre-feasibility study. Accordingly, there is increased uncertainty and economic and technical risks of failure associated with this production decision. Production and economic variables may vary considerably, due to the absence of a complete and detailed site analysis according to and in accordance with NI 43-101. This news release contains statements about our future business and planned activities. These are "forward-looking" because we have used what we know and expect today to make a statement about the future. Forward-looking statements including but are not limited to comments regarding the timing and content of upcoming work and analyses. Forward-looking statements usually include words such as may, intend, plan, expect, anticipate, and believe or other similar words. We believe the expectations reflected in these forward-looking statements are reasonable. However, actual events and results could be substantially different because of the risks and uncertainties associated with our business or events that happen after the date of this news release. You should not place undue reliance on forward-looking statements. As a general policy, we do not update forward-looking statements except as required by securities laws and regulations.


News Article | November 21, 2016
Site: www.marketwired.com

BLAINVILLE, QUÉBEC--(Marketwired - Nov. 21, 2016) - Maya Gold & Silver Inc. ("Maya" or the "Corporation") (TSX VENTURE:MYA) is pleased to report a production of 39,224 ounces of silver (1360Kg) during the month of October 2016 at its Zgounder silver mine in Morocco. Principal location and level of the extraction zones during the month of October. The technical content of this news release has been provided by Zgounder Millenium Silver Mining and has been reviewed and approved by Michel Boily, PhD, geo from GÉON; an independent Qualified Person under NI 43-101 standards. Maya Gold & Silver Inc. is a Canadian listed mining corporation focused on the exploration and development of gold and silver deposits in Morocco. Maya is initiating mining and milling operations at its Zgounder Mine. Zgounder Millenium Silver Mining ("ZMSM"), the 85% owned joint venture with l'Office National des Hydrocarbures et des Mines ("ONHYM") of the Kingdom of Morocco (15%). For further information on Maya, visit www.mayagoldsilver.com Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The decision to commence production at the Zgounder Silver Mine was not based on a feasibility study of mineral reserves demonstrating economic and technical viability, but rather on a pre-feasibility study. Accordingly, there is increased uncertainty and economic and technical risks of failure associated with this production decision. Production and economic variables may vary considerably, due to the absence of a complete and detailed site analysis according to and in accordance with NI 43-101. This news release contains statements about our future business and planned activities. These are "forward-looking" because we have used what we know and expect today to make a statement about the future. Forward-looking statements including but are not limited to comments regarding the timing and content of upcoming work and analyses. Forward-looking statements usually include words such as may, intend, plan, expect, anticipate, and believe or other similar words. We believe the expectations reflected in these forward-looking statements are reasonable. However, actual events and results could be substantially different because of the risks and uncertainties associated with our business or events that happen after the date of this news release. You should not place undue reliance on forward-looking statements. As a general policy, we do not update forward-looking statements except as required by securities laws and regulations.

Loading Office National des Hydrocarbures et des Mines collaborators
Loading Office National des Hydrocarbures et des Mines collaborators