MONTREAL, QUEBEC -- (Marketwire) -- 02/02/11 -- Maya Gold & Silver Inc. (TSX VENTURE: MYA)('Maya' or the 'Company') is pleased to announce that drilling has resumed today on the Amizmiz project and will focus on the TRN and AZ zones in order to increase and better define resources as announced in press release date December 22, 2010.
The TRNA structure which was defined by Maya's previous works, has an average width of 1.5 metre, an average grade of 22.25 g/t Au and can be delimited on surface on 250 metres. To date, the TRNA vein has been intersected with six drill holes and seems to increase in sulphides content at depth.
The Company has planned 2500 metres of drilling on the TRN and AZ zones to increase and better define the potential gold tonnage and upgrade the current inferred resources to the measured and indicated categories in view to support the pre-production program. This first phase of drilling is expected to be completed by the end March 2011 and will be followed by a second phase of drilling using data points derived from the RIRG model and the interpretation of Viasat pictures and stream geochemical survey.
The technical content of this news release has been reviewed by Michel Boily, Ph.D, P.Geo, from GEON Ltd, independent Qualified Person under NI 43-101 standards.
ABOUT MAYA
Maya Gold & Silver Inc. is a Canadian Mining Company that focuses on the exploration and development of gold and silver deposits. The Company is committed to developing and adding value to its primary property, Amizmiz gold and silver project in Morocco.
Forward-looking statements
This release may contain forward-looking statements including management's assessments of future plans and operations, and expectations of future production. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks include, but are not limited to, the risks associated with the mining and exploration industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production and the uncertainty of the availability of capital). The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
Neither the 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.
Contacts:
Maya Gold & Silver Inc.
Guy Goulet
President and Chief Executive Officer
450-435-0700 ext. 204
ggoulet@mayagoldsilver.com
www.mayagoldsilver.com
