# Aya logs high-grade, shallow silver in Morocco Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/aya-logs-high-grade-shallow-silver-in-morocco--97fa9634-25c2-41c2-a0fb-ce5b7d467e17 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: 2026-09-18T16:49:05.457Z Atlas analysis updated: 2026-09-18T16:49:05.457Z - Company: Aya Gold & Silver - Ticker: AYA - Exchange: Unavailable - Region: Morocco - Primary commodity: Silver - Secondary commodities: Gold, Zinc, Lead - Document categories: Drill results, Resource update - Extracted: 2026-09-18 16:49:06 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Aya Gold & Silver has reported high-grade silver drill results from its Zgounder mine in Morocco, including an intercept of 783 g/t Ag over 13 metres. The drilling extends mineralization around the existing open pit and supports ongoing resource expansion efforts. Reasoning: The announcement reports multiple high-grade silver intercepts that extend known mineralization and reinforce the existing resource base. - Positive factor: High-grade silver intercepts reported - Positive factor: Mineralization extension around existing open pit - Positive factor: Strong resource continuity mentioned Facts used in scoring: 6 ## Classification and evidence **Bonanza Intercept** Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Why it applies: 783 g/t Ag exceeds the exceptional threshold for silver. 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 ## 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-staging.minestarters.com/news/aya-logs-high-grade-shallow-silver-in-morocco--97fa9634-25c2-41c2-a0fb-ce5b7d467e17#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 - Program: mixed - Sample Type: drill - Group ID: ZG-RC-24-155:0-13 - Mining Method: open\_pit #### Location - Location: open-pit area - 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: 783 g/t Ag over 13m is an exceptional high-grade intercept near surface. - Positive factor: Exceptional grade - Positive factor: Shallow intercept from surface Evidence · text > Hole 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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" **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: "Hole ZG-RC-24-155 in the mine’s open-pit area cut 13 metres of 783 grams silver per tonne from surface, Aya said in a st" ### ZG-RC-24-354 [Link to this fact](https://atlas-staging.minestarters.com/news/aya-logs-high-grade-shallow-silver-in-morocco--97fa9634-25c2-41c2-a0fb-ce5b7d467e17#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 - Program: mixed - Sample Type: drill - Group ID: ZG-RC-24-354:2-13 - Mining Method: open\_pit #### Location - Location: Zgounder - 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: 501 g/t Ag is a strong 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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" **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: "Hole ZG-RC-24-155 in the mine’s open-pit area cut 13 metres of 783 grams silver per tonne from surface, Aya said in a st" ### T28-26-1404 [Link to this fact](https://atlas-staging.minestarters.com/news/aya-logs-high-grade-shallow-silver-in-morocco--97fa9634-25c2-41c2-a0fb-ce5b7d467e17#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 - Program: mixed - Sample Type: drill - Group ID: T28-26-1404:7-19 - Mining Method: open\_pit #### Location - Location: Zgounder - 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: 762 g/t Ag over 12m is a very high-grade intercept. - Positive factor: Exceptional grade Evidence · text > hole 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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" **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: "Hole ZG-RC-24-155 in the mine’s open-pit area cut 13 metres of 783 grams silver per tonne from surface, Aya said in a st" ### T28-26-1443 [Link to this fact](https://atlas-staging.minestarters.com/news/aya-logs-high-grade-shallow-silver-in-morocco--97fa9634-25c2-41c2-a0fb-ce5b7d467e17#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 - Program: mixed - Sample Type: drill - Group ID: T28-26-1443:14-28 - Mining Method: open\_pit #### Location - Location: Zgounder - 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: 468 g/t Ag over 14m is a strong intercept. - Positive factor: Strong grade Evidence · text > hole 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 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" **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: "Hole ZG-RC-24-155 in the mine’s open-pit area cut 13 metres of 783 grams silver per tonne from surface, Aya said in a st" ## Resource Estimates (2) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/aya-logs-high-grade-shallow-silver-in-morocco--97fa9634-25c2-41c2-a0fb-ce5b7d467e17#fact-resource-facts-4) Zgounder · silver #### Identity - Project: Zgounder - Commodity: silver - Region: morocco - Reported Region: Morocco - Ticker: AYA #### Resource scope - Estimate type: resource - Resource group id: resource:ef36bea19d84ab1ce051 - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 18900000 - Grade: 165 - Grade Unit: g/t - Contained Metal: 100.2 - Contained Unit: million oz. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-18T00:00:00.000Z Reasoning: Large M&I resource base reported. - Positive factor: Large contained metal 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 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/aya-logs-high-grade-shallow-silver-in-morocco--97fa9634-25c2-41c2-a0fb-ce5b7d467e17#fact-resource-facts-5) Zgounder · silver #### Identity - Project: Zgounder - Commodity: silver - Region: morocco - Reported Region: Morocco - Ticker: AYA #### Resource scope - Estimate type: resource - Resource group id: resource:e1129c067f50bd91e7ae - Mining method: combined #### Resource Data - Category: inferred - Tonnes: 410000 - Grade: 340 - Grade Unit: g/t - Contained Metal: 4.5 - Contained Unit: million oz. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-18T00:00:00.000Z Reasoning: Small inferred resource component. - Negative factor: Inferred category Evidence · text > as well as 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 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ## 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.