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Last €0.18 EUR
Change Today +0.007 / 4.12%
Volume 0.0
As of 7:49 AM 07/1/15 All times are local (Market data is delayed by at least 15 minutes).

maya gold & silver inc (0HE) Snapshot

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07/8/14 - €0.34
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maya gold & silver inc (0HE) Details

Maya Gold & Silver Inc. is engaged in the acquisition, exploration, evaluation, and development of gold and silver properties in Morocco. It also explores for copper, zinc, lead, molybdenum, and uranium deposits. The company owns 100% interests in the Amizmiz property, the Azegour property, the Mining permit No 233263, and the Touchkal property, as well as 85% interest in the Zgounder and the Boumadine properties in Morocco. Maya Gold & Silver Inc. was incorporated in 2007 and is headquartered in Blainville, Canada.

Founded in 2007

maya gold & silver inc (0HE) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: C$200.0K
President, Director, Member of Environmental,...
Total Annual Compensation: C$234.1K
Chief Financial Officer
Total Annual Compensation: C$125.0K
Compensation as of Fiscal Year 2014.

maya gold & silver inc (0HE) Key Developments

Maya Gold & Silver Inc. Announces Progress Update on Its 2015 Spring Diamond Drill Program At Its Zgounder Silver Mine in Morocco

Maya Gold & Silver Inc. announced a progress update on its 2015 spring diamond drill program at its Zgounder Silver Mine in Morocco. As announced on April 21, 2015, the corporation began a 6,000 meter drill program and to date 10 of the 16 planned HQ diameter holes have been completed. Two diamond drills are being used in the drill program. The objectives of the surface drilling program are threefold: Validate the hypothesis that widespread mineralization occurs across the known deposit, explore lateral extension of the known deposit to the North and to the East, explore possible extensions to the known deposit at depth. The first batch of samples from the drill program are being shipped to ALS Laboratory in Seville, Spain and analytical work should begin immediately. Native silver has been observed in seven of the holes drilled to date and the silver mineralization is typically associated with zinc & lead minerals. During his recent visit to the site, the QP Claude Duplessis P.Eng. selected 42 individual one-metre samples from four different zones in three different drill holes which were taken for independent sampling. A ten metre sample from drill hole #12, aimed to evaluate a sub-parallel mineralized trend north of the main Zgounder zone in the central portion of deposit area, was selected as a high priority sample by the QP for Maya. This sample was collected from 31.3 to 41.3 m depth in hole #12. The true width of the mineralized intersection is believed to be 80% of the 10 meters core length. The selected samples may not represent the whole mineralized package. The GoldMinds independent assay prepared and analysed by fire assay at Bourlamaque Laboratory in Val d'Or has returned an average of 1098 g/t as shown in table below. This hole was collared in the valley going northward and has probably intersected extension to the East of the North body.

Maya Gold & Silver Inc. Enters into an Agreement Amending the Credit Facility

Maya Gold & Silver Inc. has entered into an agreement amending the credit facilities made available to it by a fund managed by Scipion Capital Ltd. The company announced that, pursuant to an amendment to the facility agreement, the corporation and the lender have agreed to postpone the maturity date of the credit facility to October 30, 2015. The outstanding balance of the credit facility remaining will be payable in consecutive monthly installments until maturity. The extension of the credit facility is to provide financial flexibility to further advance Zgounder underground development. The conditions remain the same as previous agreement. The corporation has further agreed to pay a cash fee equal to USD 45,000. The company agreed to amend the terms of the option to convert any amounts due under the facility into a maximum of 1,500,000 common shares of Maya, at a price of CAD 0.35 per share by extending the conversion period from January 31, 2015 to October 30, 2015. Furthermore, pursuant to an amendment to the facility agreement, it has been agreed to increase the credit facility by an amount of USD 131,250 in principal. The increase has been granted to allow the corporation to purchase and pay the premium under a risk management package in respect of a commodity purchased by Maya. The amendment of the facility agreement is subject To Approve the TSX Venture Exchange.

Maya Gold & Silver to Start Drilling at Zgounder

Maya Gold & Silver Inc. announced the commencement of the 2015 spring drilling program at its Zgounder Silver Mine in Morocco. The objective of the surface drilling program are threefold: Validate widespread mineralization hypothesis across known deposit, explore lateral extension of the deposit to the north and the east, explore extension at depth of the deposit. Assay results from the diamond drilling will be published as they come available.


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