Aya Gold & Silver revealed on Monday that exploratory drilling has uncovered a potential new gold zone in Morocco, further advancing the company’s ongoing projects in the country.
The discovery occurred at Asirem, a site located west of the Boumadine corridor, which Aya has described as a "promising new target."
Preliminary results show that mineralization spans an eight-kilometer strike, with sample grades reaching up to 12.2 grams per ton of gold and 4.1% copper.
In addition to this, Aya reported positive outcomes from drilling programs at Boumadine and Tizi, where evidence of continuous mineralization has reinforced the company's decision to expand its exploration licenses to a total of 339 square kilometers. Aya noted that over 100,000 meters of drilling have already been completed at Boumadine in 2025.
The company plans to release a preliminary economic assessment by the end of the year, an early-stage study aimed at determining whether the project can proceed to development.
With global demand for gold and copper at high levels, Aya’s latest findings position Morocco as a key part of its strategy and underscore the country’s increasing importance in international mining exploration.
Aya Gold & Silver, a Canadian silver producer operating in Morocco, is the only pure-play silver mining company listed on the TSX. Its market value has grown from CAD 948 million (MAD 7.2 billion) in 2021 to CAD 1.7 billion (MAD 12.9 billion) in 2025, reflecting a nearly 79% increase.