Aya Gold & Silver Extends High-Grade Silver Mineralization at Morocco’s Zgounder Mine

Aya Gold & Silver ( (TSE:AYA) ) has provided an update.

Aya Gold & Silver reported a series of high-grade silver drill results from its ongoing 2026 exploration campaign at the Zgounder Silver Mine in Morocco, highlighting strong mineralization in the open-pit, central underground, and deeper zones near the Western Fault. The company has drilled 3,117 metres, or about 10.3% of its planned 2026 program, using a mix of surface diamond, underground diamond, reverse circulation, T28, and YAK percussion drilling.

Key intercepts include up to 6,223 grams per tonne silver over 3.6 metres and multiple multi-kilogram-per-tonne intervals, which management says confirm strong continuity of mineralization at depth and around the open-pit area. Notably, a new high-grade intersection near the Western Fault extends mineralization further west, potentially enlarging Zgounder’s resource envelope and reinforcing Aya’s growth profile as it seeks to strengthen its position as a high-grade silver producer.

Assaying is conducted at Afrilab in Marrakech and at an ALS laboratory on site, with rigorous QA/QC protocols and re-assays for samples above 200 grams per tonne silver to ensure reliability of the reported grades. The results underscore the technical robustness of the exploration program and may support future resource updates, mine planning, and long-term production potential at Zgounder, which are closely watched by investors and other stakeholders.

The most recent analyst rating on (TSE:AYA) stock is a Buy with a C$39.00 price target. To see the full list of analyst forecasts on Aya Gold & Silver stock, see the TSE:AYA Stock Forecast page.

Spark’s Take on TSE:AYA Stock

According to Spark, TipRanks’ AI Analyst, TSE:AYA is a Neutral.

The score is driven by strong growth and a conservative balance sheet, supported by positive operational momentum from the latest earnings call. Offsetting this are weak underlying profitability/cash flow trends and a highly unattractive valuation (very high P/E), while technicals show strength but appear overextended.

To see Spark’s full report on TSE:AYA stock, click here.

More about Aya Gold & Silver

Aya Gold & Silver Inc. is a precious metals mining company focused on silver, operating the Zgounder Silver Mine in the Kingdom of Morocco. Listed on the TSX and OTCQX, the company is advancing exploration and development at Zgounder, targeting high-grade silver mineralization to expand its resource base and support future production growth.

The company’s operations center on both open-pit and underground mining at Zgounder, where it deploys a mix of core, reverse circulation, and percussion drilling techniques. Aya’s exploration strategy emphasizes defining continuity and extensions of high-grade zones at depth and laterally, particularly around key structural features such as the Western Fault contact.

Average Trading Volume: 1,802,066

Technical Sentiment Signal: Buy

Current Market Cap: C$3.32B

For a thorough assessment of AYA stock, go to TipRanks’ Stock Analysis page.