Maya Gold & Silver Acquires the Touchkal Property in the Vicinity of the Zgounder Project, Morocco
MONTREAL, QUEBEC -- (Marketwire) -- 02/06/13 -- Maya Gold & Silver Inc. ("Maya" or the "Company") (TSX VENTURE: MYA) is pleased to announce that the Moroccan Ministere des mines et de l'Energie selected and recently signed an agreement with the Company to acquire 100% of the Touchkal property (permit no: 232314) located in the Taroudant Province in Kingdom of Morocco. The research mining permit covers 16 km2 (4 x 4 km) and sits within the Proterozoic Siroua "window" just 5 km WSW from Maya's Zgounder silver mine. The permit area straddles the contact between the Askaoun granitoid pluton and the volcanosedimentary rocks of the Sahro Group (700 Ma) in a geological context similar to that occurring at the Zgounder mine. The southern part of the Touchkal property is accessible via a gravel road reaching the village of Askaoun, about 5 km to the SE. There are numerous secondary dirt roads and paths linking small dwellings throughout the property.
This acquisition strengthened Maya's land position around its Zgounder silver mine and is seen as an opportunity to discover new silver and other metals mineralization in this largely unexplored segment of the metal-rich Siroua "window", said Noureddine Mokaddem, President of Maya.
The technical content of this news release has been reviewed by Michel Boily, PhD., P.Geo from Geon Ltd, and Francois Goulet, Msc., P.Geo from Goulex Inc., both independent Qualified Persons (QP) under NI 43-101 standards.
A map associated with this press release is available at this address: http://media3.marketwire.com/docs/maya_map0206.pdf.
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. The Corporation's shares trade on the TSX Venture Exchange under the symbol "MYA".
For further information on Maya visit www.mayagoldsilver.com.
Forward-looking statements
This release may contain forward-looking statements including management's assessments of future plans and operations, and expectations of future production. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks include, but are not limited to, the risks associated with the mining and exploration industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production and the uncertainty of the availability of capital). The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Maya Gold & Silver Inc.
Guy Goulet
Chief Executive Officer
450-435-0700 ext. 204
ggoulet@mayagoldsilver.com