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Maya Gold & Silver Inc. (“Maya” or the “Corporation”) (TSX VENTURE:MYA) is pleased to report a production of 33,817 ounces of silver (1052 Kg) during the month of July 2016 at its Zgounder silver mine in Morocco.
July 2016 Operations Highlights
33,187 ounces (1052 Kg) of silver ingots were produced from 4527 tonnes of dry material presenting an average head grade of 305 g/t Ag;
A recovery rate of 76% was achieved; which represent a decrease of 5% compared to the previous month, which had been attributed to problems with the washing units. All thickeners have been unblocked and are now working normally.
Preparation and development work by cut and fill stopping method in Panel 9 has been completed;
Enhanced development, exploration and mining on level 2100m including percussion drilling, ore pass, raise and chute and enlargement of access drift;
Production was impacted by halting the operations for a week during the Ramadan religious holiday.
Location and sources of the extraction zones during July.
*Total Ag weighted average
Installation of flotation cells
Maya recently proceeded with basic engineering procedures related to the installation of flotation cells using the latest data obtained from pilot testing on crushing, flotation and gravimetric processes carried out in China. The completion of the definitive technical specifications and requirements for the equipment and components, including the local build-up of the vats, conveyors and feeders, is in its late stage.
A visit by Chinese contractors began on July 11 and was completed on July 20, 2016. During their stay at Zgounder, all technical details pertaining to the flotation cells were examined and validated. Local contractors were also on site to finalize the mechanical, electrical and structural requirements before proceeding to the construction of specific equipment and components related to the flotation cells.
Qualified Persons
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.
ABOUT MAYA
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%)
