PR Newswire
VANCOUVER, Dec. 21, 2016
NYSE-MKT: ASM
TSX-V: ASM
FSE: GV6
VANCOUVER, Dec. 21, 2016 /PRNewswire/ - Avino Silver & Gold Mines Ltd. (NYSE-MKT:ASM: TSX.V, ASM; "Avino" or the "Company") is pleased to announce the following results from the first eight holes of its current drill program at the main Avino Mine located on the Avino property, 80 Km northeast of Durango, Mexico.
The current drill program commenced in September, 2016, and comprises 18 holes in total, for a total of 2,955 metres. Eleven of the holes have been drilled to date, and eight have been assayed. The objective of this program is to explore the area of the Avino Vein System between the San Luis workings and the Elena Tolosa ("ET") current production area.
This new area is close to surface and accessible from the existing Avino Mine underground workings. The area was identified as a target of interest as it may have been overlooked in the past given that on surface and at shallow depths, the Avino Vein system splits into hanging wall and foot wall structures.
The Avino Vein (Epithermal) has been followed longitudinally for more than 1,300 metres and vertically for more than 600 metres. It strikes north 66° east with an east-west splay, and dips to the south and southeast at 60° to 70°. Steeply dipping, high grade zones within the vein and stock-work zones (See Avino stockwork photos linked here) are frequently found throughout the vein, as well as at its intersections with a number of lateral veins. The new zone is approximately 240 metres of strike length by 130 metres in depth, and an average of 15 metres in thickness. The Avino vein remains open at depth.
There are two longitudinal section maps linked to this release (Map 1, Map 2) showing the location of the drill holes in the area of drilling between the San Luis and the Elena Tolosa workings, and these will also be available on our website at www.avino.com.
"We are encouraged by these initial and positive drill results in the gap area between the San Luis workings and Elena Tolosa, and that the results support the continuation of the extensive Avino Vein system. This new gold rich area contains at least two sections with continuous significant gold assays."
David Wolfin – President & CEO Avino Silver & Gold Mines Ltd.
Drill intersections are spaced 25 metres apart in order to add certainty to the new mineralized block. This tonnage is included in the inferred category of mineral resources in the most recent resource estimate dated September 26, 2016. Two access levels between San Luis and ET have been channel sampled thus providing more certainty. An evaluation of the zone is being carried out by company engineers and geologists, with the expectation of converting a portion of the inferred resources to the indicated resource category.
The results of the completed eight holes are as follows:
Hole Number | Zone | Intersection (m) | Length | Au (g/t) | Ag | Cu (%) |
ET-16-01 | Hanging Wall Breccia | 4.05 to 7.7 | 3.65 | 1.0 | 102 | 0.16 |
| Including | 6.45 to 7.10 | 0.65 | 2.346 | 79.7 | 0.14 |
| Avino Vein Hanging Wall Zone | 86.73 to 91.12 | 4.39 | 0.65 | 50 | 0.04 |
| Avino Vein Footwall Zone | 112.32 to 117.75 | 5.43 | 0.73 | 30 | 0.025 |
ET-16-02 | Hanging Wall Breccia | 5.05 to 9.88 | 4.83 | 1.27 | 105 | 0.16 |
| Avino Vein Hanging Wall Zone | 89.15 to 91.65 | 2.50 | 0.66 | 39 | 0.12 |
| Avino Vein Footwall Zone | 119.80 to 126.15 | 6.35 | 0.62 | 108 | 0.19 |
| Including | 125.55 to 126.15 | 0.60 | 4.194 | 414 | 0.37 |
ET-16-03 | Hanging Wall Breccia | 18.07 to 22.25 | 4.18 | 0.5 | 52 | 0.12 |
| Fault Vein | 55.84 to 62.45 | 6.61 | 0.11 | 71 | 0.12 |
| Avino Vein | 87.05 to 96.67 | 9.62 | 1.8 | 69 | 0.06 |
| Avino Vein | 87.05 to 105.47 | 18.42 | 1.12 | 38 | 0.04 |
| Including | 87.05 to 96.67 | 9.62 | 1.80 | 69 Werbung Mehr Nachrichten zur Avino Silver & Gold Mines Aktie kostenlos abonnieren
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