The drill results significantly de-risk the Boumadine project and support resource expansion ahead of the mid-year PEA update. Traders should watch for the PEA release, which could catalyze further upside if it demonstrates improved economics from the higher-grade intercepts and new parallel structure.
Price Chart
Executive Summary
Aya Gold & Silver reported high-grade exploration drill results from its Boumadine project in Morocco, including the strongest intercept to date (890 g/t AgEq over 51.5m) and a new mineralized structure 70m below the current pit shell. The ongoing 360,000m infill program is 20% complete with 69,209m drilled year-to-date, supporting the potential for resource growth ahead of an updated PEA expected mid-year.
Key Facts
- BOU-DD25-745 intercepted 890 g/t AgEq over 51.5m, the strongest drill intercept to date at Boumadine on a grade-thickness basis
- A new mineralized parallel structure discovered 70m below the current resource pit shell, with potential to increase resources and open-pit depth
- 69,209m drilled year-to-date, representing 20% of the planned 360,000m 2026-2027 infill program
- 11 rigs currently active at Boumadine
- Updated preliminary economic assessment (PEA) expected mid-year
Financial Impact
No financial figures reported; exploration-stage project with no revenue or earnings disclosed
Risk Factors
- Exploration-stage project with no proven reserves or production; results are preliminary
- True widths of intercepts remain undetermined
- Forward-looking statements subject to execution and financing risks for the 360,000m drill program
- Commodity price assumptions (silver $30/oz, gold $2,800/oz) may not hold
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001628280-26-036722 |
| Document: filing6kmay_19x2026boumadi.htm | 0001628280-26-036722 |
| Document: 0001628280-26-036722-index-headers.html | 0001628280-26-036722 |
| Document: 0001628280-26-036722-index.html | 0001628280-26-036722 |
| Document: 0001628280-26-036722.txt | 0001628280-26-036722 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
May 20, 2026 22w ago | 6-K | $16.96 $19.88 | ▲ +17.22% | ▲ +16.22% | No price |
May 14, 2026 23w ago | 6-K | $21.42 $18.72 | ▼ −12.61% | ▼ −11.75% | No price |
May 4, 2026 25w ago | 6-K | $18.08 $20.70 | ▲ +14.49% | ▲ +8.85% | No price |
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