Maya Gold & Silver Inc. (TSX-Venture: MYA) shareholders are eagerly awaiting the resumption of trading as the company was halted upon the announcement of the highest intersection ever drilled by Maya since it took 85% ownership of the Zgounder property in Morocco.
The drillhole 2000-T28-17-124 intersected 3809 g/t Ag over 18 metres from 3.6 to 21.6 metres. This new intersection includes higher grade intervals including 9,430 g/t over 7.2m from 4.8 to 12m and including 51.6 Kg/t Ag (51630 g/t or 5.16% or 1660 Oz/t Ag) over 1.2 metres at 6 metres.
Commenting on the recent drill results, Noureddine Mokaddem, President and CEO of Maya stated, "The exceptional intersection at the 2000 level is breaking new grounds with this 5.16%/t Ag. This discovery supports that all extensions of the Zgounder deposit remain open at depth and in all sides and could provide us with more promising surprises in the future with an opportunity for further Resource expansion.
"In addition, traces from ancient mining activities and from previous contemporary operators focused on only small portions of the mine, leaving vaster potential for exploration and additional discoveries."
As mentioned off the top, shares of MYA are currently halted, but will be resuming trading shortly and based on the very strong intersects, we expect a significant rally to ensue. Currently, shares are trading at $0.185.
