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Aya Gold & Silver Acquires Secured Loan on Algold Resources


Azegour Project, Cu, Mo, W (1 mining permit, 1 exploration permit)
Amizmiz Project, Au (4 exploration permits)
 
The Corporation is finalising its budgets for the year 2021 and will communicate in the coming weeks the exploration budgets for its portfolio of assets and the production guidance for the Zgounder Silver Mine.
 
Highlights of Tijirit Project
Tijirit is a development-stage gold deposit located in northwestern Mauritania, approximately 275 kilometers north of the capital Nouakchott, 25 kilometers southeast of the Tasiast Gold Mine. TIREX SA, Algold’s local 75%-owned subsidiary, holds a 28-year mining permit comprising five zones over a 150 square-kilometer area.
Algold published an NI 43-101 preliminary economic assessment (“PEA”) with an effective date of March 9, 2018. For further details on the PEA, refer to Algold’s press release dated May 22, 2018. ....

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