03:13 PM EST, 03/03/2020 (MT Newswires) -- Maya Gold & Silver Inc. (MYA.TO) has surged 30% after announcing an update of its 2019-2020 drilling program (second phase) and results from the new surface samples from Imarighen and Northern Zones at the Boumadine polymetallic mine in Morocco.

Select Zone North Drill holes.

2.5m at 2.27 g/t Au and 80 g/t Ag in hole B-19-25 from 148.5m to 151m, including 1.5m at 3.08 g/t Au and 104.16 g/t Ag from 148.5m to 150m

2m at 2.13 g/t Au and 196.45 g/t Ag in hole B-20-02 from 77.5m to 79.5m, including 1m at 2.39 g/t Au and 252.74 g/t Ag from 78.5m to 79.5m

Surface sampling at Imarighen and North zone:.

16.47 g/t Au in a mineralized structure oriented N20 that could correspond to the southern extension of the western Imarighen zone.

10.96 g/t Au in a structure oriented N20, parallel to the west of the zone Imarighen.

10.16 g/t Au and 9.05 g/t A in a mineralized structure to the east of the main structure of zone North.

''The drilling program continues to generate very good results. The extension of the main zone of around 100m to the south and the discovery of the new mineralized structures would increase the quality and confidence of the Boumadine mineral resources. We are excited to continue drilling at numerous remaining exploration targets, said Noureddine Mokaddem, Chairman and CEO of Maya Gold and Silver.

Price: 1.43, Change: +0.33, Percent Change: +30.00