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04.12.2018 12:45
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PR Newswire
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Avino Announces Drill Results from Avino Open Pit Mine Area
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PR Newswire
VANCOUVER, Dec. 4, 2018
VANCOUVER, Dec. 4, 2018 /PRNewswire/ - Avino Silver & Gold Mines Ltd. (ASM: TSX/NYSE American/GV6: FSE; "Avino" or "the Company") is pleased to announce drill results from eleven holes that were drilled in the wall of the Avino Open Pit Mine area of the Avino vein stockwork system. The Avino Open Pit Mine area is located on the Avino property, situated 80 kilometres northeast of Durango, Mexico. Mapping by the mine geology team revealed shallow remnants of vein material on the margins of the open pit that had not been mined historically. Subsequently, during July and August 2018, eleven short diamond drill holes were drilled from surface into the footwall and the hanging wall to the main Avino Vein at the western end of the historic open pit. Mineralized material was intersected in a zone of stockwork and vein material less than 120 metres from surface. This has been provisionally named the 'El Hundido Zone'. The stratigraphic relationship between this material and the zones currently being mined at depth in the Elena Tolosa "ET" Mine will be correlated with further work. The assays show a promising range of gold, silver, and copper grades at different widths, which warrant further investigation.
"These drill results are encouraging and indicate the possibility of additional mill feed for Mill Circuit 4 in the future, and as we are currently in a low metal price environment, we are always looking at economical ways of running material through the Mill." said David Wolfin, President and CEO. "Additionally, I would like to thank the operations team in Mexico for their continued initiative and focus on multiple stages of growth at the Avino Mine.
The eleven drill holes that totaled 924.65 metres can be viewed by clicking here Map A or at the end of this release, and are summarized as follows:
Table 1: Summary of Drilling on the Margins of the Avino Open Pit
| Hole Number | Description | Intersection (m) | Length (m) | Au (g/t) | Ag (g/t) | Cu (%) |
| ET-18-03 | Andesite | 82.55 – 118.6 | 36.05 | 0.03 | 93 | 0.15 |
| | Including | 82.55 – 90.95 | 8.40 | 0.01 | 325 | 0.22 |
| ET-18-04 | Breccia Quartz | 69.95 – 73.9 | 3.95 | 1.47 | 323 | 0.30 |
| ET-18-05 | Quartz Vein | 87.85 – 91.15 | 3.30 | 1.05 | 100 | 0.36 |
| | All zone | 99.30- 105.55 | 6.25 | 1.34 | 121 | 0.18 |
| | Including | 99.30 – 102.50 | 3.20 | 2.13 | 213 | 0.24 |
| ET-18-06 | Stockwork | 73.85 – 85.10 | 11.25 | 0.62 | 112 | 0.86 |
| | Including | 76.20 – 78.85 | 2.65 | 1.64 | 260 | 1.28 |
| | Including | 78.85 – 85.10 | 6.25 | 0.30 | 72.6 | 0.91 |
| ET-18-07 | Breccia | 107.85 – 113.85 | 6.0 | 0.73 | 181.7 | 0.69 |
| ET-18-08 | Stockwork | 73.25 – 96.15 | 18.0 | 0.24 | 64.9 | 0.41 |
| | Including | 85.85 – 96.15 | 10.3 | 0.33 | 85 | 0.36 |
| | Including | 89.50 – 92.55 | 3.05 | 0.85 | 141.8 | 0.28 |
| ET-18-09 | Breccia | 42.30 – 59.30 Werbung Mehr Nachrichten zur Avino Silver & Gold Mines Aktie kostenlos abonnieren
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