Maya Gold & Silver Inc. (TSXV:MYA) announced that it entered into a joint venture which will see them acquire 85% of the Boumadine polymetallic deposit in Morocco.
As quoted in the press release:
The Boumadine polymetallic deposit has historical resources (1992) of 4,096,000t grading 3.8% Zn, 1.5% Pb, 200 g/t Ag (23.9M oz) and 3.50 g/t Au (418,000 oz) and has great potential for resources expansion within the 32 square kilometers property.
Maya’s President, Noureddine Mokaddem, said:
By acquiring this property of merit, MAYA positions itself among the future leading mining groups in Morocco.