Properties | Morocco
Amizmiz Project
MARRAKECH PROVINCE, KINGDOM OF MOROCCO
The Amizmiz Project is a large mining property recently offered to Maya by Société d’Exploration Géologique des Métaux ("SEGM") for a participation in the development of its economic potential.
On March 31, 2009, the Company entered into an option agreement with SEGM to earn a 60% interest in the Amizmiz gold and silver (Au-Ag) property. Maya intends to increase its interest to 70% in the property, by acquiring a further 10% interest from a private company (see press release March 31, 2009).
The Amizmiz gold property covers 80 square-kilometres, situated about 60 kilometres south of Marrakech, Morocco. Gold was discovered on the property in 1999.
Previous works on Amizmiz project have highlighted more than fifty gold and silver occurrences and four types of precious metals mineralization have been recognized by SEGM:
T-Zone with gold associated to shear zones in chlorite-quartz schists;
J-Zone corresponding to a stockwork in a folded horizon of sericite schists;
AZ Zones, long stratabound layers of what appears to be a deposition of black smoker ashes on a carbonated sea floor;
Mineralized rhyodacite lava flows and tufs.
The Amizmiz Project potentially hosts both low-grade, bulk-tonnage and high grade, stratabound gold deposits. The bulk-tonnage potential is best represented by the Colline T and G6 Rhyodacite Zones.
A compilation report accompanied by recommendations for future exploration programs was produced by J.D. Charlton, P.Geo from Charlton Mining Exploration (CME) an independent Qualified Person under NI 43-101 standards.
The NI 43-101 report on the Amizmiz project (Ait Böu-Haddou Property) can be viewed through SEDAR or on Maya website.
Amizmiz Project potentially hosts both low-grade, bulk-tonnage and high-grade, stratabound gold deposits.
MAYA has initiated an exploration program with the objective of expanding and drill testing the various precious metals occurrences in order to build gold and silver resources.