Maya Gold & Silver Inc.
TSX VENTURE : MYA

Maya Gold & Silver Inc.

August 18, 2009 10:22 ET

Maya Gold & Silver Reports High-Grade Gold Results at its Amizmiz (Morocco)

MONTREAL, QUEBEC--(Marketwire - Aug. 18, 2009) - MAYA GOLD & SILVER (TSX VENTURE:MYA) is pleased to announce high-grade gold results from surface channel sampling program on the Amizmiz project in Morocco.

HIGHLIGHTS:

  • 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 Sociétéd'Exploration Géologique des Métaux (the former owner of the property):
  • Recent mapping (approximately 750 metres from AZ and T zones where low grade-bulk tonnage and high grade vein type deposits have been identified) has led to the discovery of two new mineralized zones.

As part of the 2009 exploration program, two new zones, TRNA and TRNB have been partly stripped and channel sampling completed. The mineralized areas appear to be long stratabound layers whom might be a deposition of black smoker ashes on a carbonated sea floor.

On the TRNA zone, 17 channels samples were collected over a length of 34 metres and returned an average grade of 26.16 g/t Au on an average width of 0.98 metres.

On the TRNB zone, 4 channels samples were collected over a length of 32 metres and returned low value in gold.

These results are presented in the following table:

ZONES AND POSITION
 (Metres)
GRADE
(g/t Au)
WIDTH
(Metres)
TRNA
221.690.40
478.770.75
649.000.80
828.570.75
1048.360.46
1219.601.60
141.861.60
162.531.44
1821.871.25
2018.911.25
2221.761.75
2425.341.98
2634.110.67
2836.140.45
3051.620.68
3222.530.35
3452.650.50
   
TRNB
20.581.00
40.730.45
280.371.30
320.150.60

Samples were prepared and assayed at Laboratoire Reminex (ISO 9000) at Guemassa, Morocco. All analysis reported above were obtained by standard fire assaying-AA and gravimetric finish. Systematic assaying of standards and blanks was performed for precision and accuracy.

Mr. Christian Derosier, P.Geo, is the Company's Qualified Person for the Amizmiz project and has reviewed the content of this release.

The 2009 exploration program includes more channel sampling and a 7500 metres drilling program to begin at the end of the month of September 2009.

ABOUT MAYA

Maya Gold & Silver Inc. is a Canadian mining company newly listed on the TSX Venture Exchange which focuses on the research of gold and silver deposits.

Forward-looking statements

Except for statements of historical fact, all statements in this news release, without limitation regarding the Arrangement Agreement, new project acquisitions, future plans and objectives are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements.

Neither 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.

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