03:00 PM EDT, 05/08/2019 (MT Newswires) -- Maya Gold & Silver said surveys and studies at its Azegour project in Morocco showed previous mining at the site missed mineralization.

The company said it is awaiting results from a sampling program at the property and its preparing a preliminary economic assessment of the project.

"Maya's geologist concludes that it is now obvious that the previous operators did not exploit all the mineralizations, especially the Scheelite which have been followed along hundreds of meters with widths of 5 up to 35m at various levels of the main mine," it said in a release.

The company's shares were last seen up $0.01 to $2.12 on the Toronto Stock Exchange.

Price: 2.12, Change: +0.01, Percent Change: +0.47