Avino Announces Remaining Results from the Extended 22-Hole Exploration Drill Program at the Avino Mine
August 14, 2017
Avino Silver & Gold Mines Ltd. (NYSE-MKT:ASM: TSX.V, ASM; “Avino” or the “Company”) is pleased to announce the drill results from the remaining eleven holes of the extended 22-hole drill program at the main Avino Mine located on the Avino property, 80 Km northeast of Durango, Mexico. The 22-hole program, comprising approximately 3,374 metres, was extended from the original 18-hole program to fully evaluate the tonnage and the grade of the new area of the Avino Vein System between the San Luis workings and the Elena Tolosa (“ET”) current production area. The results from the original eighteen hole drill program were released on December 21, 2016 and April 25, 2017 and are available on our website at the following links:
http://www.avino.com/s/news.asp?ReportID=774072 and http://www.avino.com/s/news.asp?ReportID=787740.
The objective of the extended drill program of an additional 22 holes, which commenced in March, 2017, was to fully evaluate the tonnage and the grade of the new 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 and 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 along strike 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 is a longitudinal section map linked to this release which is a close up of the area of drilling between the San Luis and the Elena Tolosa workings, (to view click here) and which will also be available on our website at www.avino.com. The central area workings area is referred to as Elena Tolosa.
“We are very pleased with the success of this drill program which began in September, 2016. These remaining results support the continuation of the extensive Avino Vein system, and provide further confidence that should allow us to go underground to develop this area for mining. We are also encouraged by the notable assays that demonstrate that this is a new gold rich area that has been untouched in the past.
Furthermore, we are excited to have commenced drilling on three additional areas of mineralization at the Avino property, where there may be potential to expand the resources.”
David Wolfin – President & CEO Avino Silver & Gold Mines Ltd.
Drill intersections are spaced 25 to 30 metres apart in order to increase confidence in grade and continuity for the new mineralized block. This material 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 Elena Tolosa 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 remaining eleven holes are as follows:
Hole Number | Zone | Intersection (m) | Length (m) | Au (g/t) | Ag (g/t) | Cu (%) |
ET-17-12 Infill | Hanging Wall Breccia | 27.40 – 36.70 | 9.30 | 0.39 | 29 | 0.25 |
Including | 27.40 – 28.30 | 0.90 | 0.926 | 94 | 0.14 | |
28.30 – 29.55 | 1.25 | 0.748 | 25 | 0.15 | ||
31.95 – 32.95 | 1.00 | 0.407 | 55 | 0.11 | ||
Avino Vein Footwall Zone | 51.60 – 74.25 | 22.65 | 1.48 | 41 | 0.20 | |
Including | 55.20 – 67.55 | 12.35 | 2.20 | 64 | 0.17 | |
52.55 – 53.20 | 0.65 | 1.32 | 9 | 0.01 | ||
54.0 – 55.20 | 1.20 | 1.44 | 11 | 0.01 | ||
55.20 – 56.20 | 1.00 | 2.78 | 12 | 0.05 | ||
56.20 – 56.95 | 0.75 | 2.38 | 32 | 0.01 | ||
56.95 – 57.65 | 0.70 | 4.28 | 15 | 0.01 | ||
57.65 – 58.60 | 0.95 | 5.34 | 127 | 0.32 | ||
58.60 – 59.20 | 0.60 | 6.60 | 54 | 0.01 | ||
59.20 – 60.00 | 0.80 | 3.68 | 115 | 0.13 | ||
60.00 – 60.30 | 0.30 | 1.15 | 353 | 0.03 | ||
60.30 – 61.30 | 1.00 | 2.77 | 104 | 0.23 | ||
61.30 – 62.10 | 0.80 | 1.37 | 57 | 0.93 | ||
66.00 – 66.75 | 0.75 | 1.08 | 26 | 0.19 | ||
66.75 – 67.55 | 0.80 | 1.37 | 57 | 0.93 | ||
67.80 – 68.80 | 1.00 | 1.02 | 38 | 1.34 | ||
ET-17-13 Infill | Hanging Wall Breccia | 22.50 – 30.25 | 7.75 | 1.44 | 97 | 0.43 |
Including | 22.50 – 23.40 | 0.90 | 0.72 | 116 | 1.25 | |
23.40 – 24.15 | 0.75 | 0.54 | 290 | 0.44 | ||
24.15 – 24.90 | 0.75 | 1.82 | 28 | 0.42 | ||
24.90 – 25.55 | 0.65 | 1.52 | 70 | 0.11 | ||
25.55 – 26.25 | 0.70 | 5.48 | 101 | 0.05 | ||
26.25 – 26.90 | 0.65 | 2.02 | 42 | 0.03 | ||
27.75 – 27.90 | 0.35 | 2.34 | 152 | 0.09 | ||
27.90 – 28.50 | 0.60 | 0.44 | 273 | 0.87 | ||
Hole Number | Zone | Intersection (m) |
Length (m) |
Au (g/t) |
Ag (g/t) | Cu (%) |
Avino Vein All Zone | 33.10 – 54.25 | 21.15 | 1.34 | 28 | 0.85 | |
Including | 33.10 – 33.60 | 0.50 | 1.22 | 37 | 0.07 | |
44.70 – 45.60 | 0.90 | 2.12 | 13 | 0.04 | ||
45.60 – 46.70 | 1.10 | 2.44 | 21 | 0.12 | ||
46.70 – 47.50 | 0.80 | 3.30 | 28 | 0.55 | ||
47.50 – 47.95 | 0.45 | 1.69 | 80 | 13.4 | ||
47.95 – 48.95 | 1.00 | 1.65 | 43 | 0.89 | ||
53.75 – 54.25 | 0.50 | 1.35 | 61 | 0.72 | ||
ET-17-14 Infill | Avino Vein All Zone | 22.55 – 57.05 | 34.50 | 0.347 | 88 | 0.82 |
Avino Fault Hanging Wall | 22.55 – 30.30 | 7.75 | 0.41 | 232 | 0.15 | |
Avino Vein Hanging Wall Zone | 33.65 – 41.40 | 7.75 | 0.21 | 20 | 0.02 | |
Avino Vein | 44.45 – 50.05 | 5.60 | 0.21 | 20 | 0.02 | |
Avino Vein Footwall Zone | 51.30 – 57.05 | 5.75 | 1.04 | 97 | 0.20 | |
Including | 22.80 – 23.20 | 0.40 | 0.53 | 170 | 0.35 | |
25.70 – 26.20 | 0.50 | 0.34 | 104 | 0.12 | ||
27.45 – 28.15 | 0.70 | 0.12 | 96 | 0.06 | ||
35.85 – 36.55 | 0.70 | 0.25 | 128 | 0.74 | ||
36.55 – 37.45 | 0.90 | 0.11 | 78 | 0.11 | ||
39.35 – 39.90 | 0.55 | 0.27 | 199 | 0.08 | ||
39.90 – 40.60 | 0.70 | 2.66 | 1,844 | 0.03 | ||
40.60 – 41.40 | 0.80 | 0.58 | 141 | 0.02 | ||
53.90 – 54.70 | 0.80 | 2.11 | 305 | 0.48 | ||
54.70 – 55.35 | 0.65 | 5.51 | 182 | 0.61 | ||
56.75 – 57.05 | 0.30 | 1.68 | 4 | 0.01 | ||
ET-17-15 Infill | Hanging Wall Breccia | 12.25 – 14.70 | 2.45 | 0.21 | 231 | 0.17 |
Including | 12.25 – 13.65 | 1.40 | 0.27 | 257 | 0.15 | |
13.65 – 14.70 | 1.05 | 0.12 | 196 | 0.19 | ||
Hanging Wall Fault | 28.45 – 29.80 | 1.35 | 0.51 | 92 | 0.07 | |
Including | 29.30 – 29.55 | 0.25 | 1.91 | 251 | 0.14 | |
Avino Vein | 40.30 – 65.70 | 25.40 | 0.68 | 47 | 0.08 | |
Avino Vein Footwall | 58.55 – 65.70 | 7.15 | 1.46 | 95 | 0.08 | |
Including | 41.50 – 42.55 | 1.05 | 0.64 | 113 | 0.69 | |
58.55 – 59.70 | 1.15 | 1.63 | 63 | 0.02 | ||
59.70 – 59.95 | 0.25 | 1.14 | 402 | 0.11 | ||
61.35 – 62.25 | 0.90 | 1.25 | 15 | 0.02 | ||
62.25 – 62.95 | 0.70 | 1.37 | 126 | 0.05 | ||
62.95 – 63.70 | 0.75 | 1.34 | 108 | 0.10 | ||
63.70 – 65.30 | 1.60 | 2.38 | 111 | 0.11 | ||
65.30 – 65.70 | 0.40 | 2.65 | 275 | 0.36 | ||
ET-17-16 Infill | Avino Vein | 160.10 – 203.15 | 43.05 | 0.50 | 33 | 0.08 |
Avino Vein Footwall | 190.00 – 203.15 | 13.15 | 0.81 | 53 | 0.10 | |
Including | 171.65 – 172.55 | 0.90 | 0.21 | 276 | 1.0 | |
172.55 – 173.40 | 0.85 | 1.37 | 12 | 0.01 | ||
173.90 – 174.30 | 0.40 | 1.13 | 28 | 0.01 | ||
185.20 – 185.75 | 0.55 | 1.25 | 4 | 0.01 | ||
190.0 – 190.75 | 0.75 | 1.69 | 40 | 0.05 | ||
192.30 – 192.75 | 0.45 | 3.73 | 184 | 0.04 | ||
192.75 – 193.25 | 0.50 | 1.11 | 4 | 0.01 | ||
193.25 – 193.50 | 0.25 | 4.73 | 19 | 0.08 | ||
197.90 – 198.10 | 0.20 | 3.29 | 3 | 0.02 | ||
198.55 – 199.40 | 0.85 | 1.14 | 392 | 0.07 | ||
200.15 – 201.0 | 0.85 | 1.33 | 28 | 0.03 | ||
202.85 – 203.15 | 0.30 | 1.61 | 314 | 2.34 | ||
ET-17-17 Infill | Avino FootWall Vein | 237.90 – 246.75 | 8.85 | 0.09 | 61 | 0.77 |
Including | 240.25 – 246.75 | 6.50 | 0.10 | 78 | 1.02 | |
240.80 – 241.75 | 0.95 | 0.11 | 229 | 2.19 | ||
ET-17-18 Infill | Avino Vein | 186.75 – 195.20 | 8.45 | 1.36 | 7 | 0.02 |
Including | 188.85 – 190.30 | 1.45 | 1.32 | 6 | 0.03 | |
193.05 – 193.65 | 0.90 | 8.03 | 13 | 0.04 | ||
193.95 – 195.20 | 1.25 | 1.40 | 9 | 0.04 | ||
Avino FootWall Vein | 225.60 – 238.85 | 13.25 | 0.26 | 28 | 0.23 | |
Including | 227.80 – 228.40 | 0.60 | 3.50 | 91 | 1.26 | |
ET-17-19 Infill | Avino Hanging Wall Vein | 140.65 – 141.30 | 0.65 | 5.64 | 26 | 0.09 |
Avino Vein | 190.15 – 213.55 | 23.40 | 1.09 | 167 | 0.38 | |
205.15 – 206.25 | 1.10 | 4.07 | 223 | 0.30 | ||
206.25 – 206.60 | 0.35 | 2.31 | 502 | 3.90 | ||
206.60 – 207.50 | 0.90 | 1.13 | 109 | 0.14 | ||
207.50 – 208.40 | 0.90 | 1.64 | 80 | 0.38 | ||
208.40- 209.00 | 0.60 | 11.19 | 1,082 | 0.58 | ||
209.0 – 209.90 | 0.90 | 4.96 | 1,023 | 0.93 | ||
209.90 – 211.0 | 1.10 | 1.54 | 447 | 0.51 | ||
211.00 – 211.90 | 0.90 | 1.71 | 270 | 0.58 | ||
211.90 – 212.55 | 0.65 | 0.50 | 360 | 1.34 | ||
ET-17-20 Infill | Hanging Wall Breccia Zone | 67.2 – 75.4 | 8.2 | 0.59 | 18 | 0.07 |
Including | 67.2 – 70.05 | 2.85 | 0.90 | 14 | 0.04 | |
67.55 – 68.20 | 0.65 | 1.87 | 15 | 0.08 | ||
Avino Vein | 174.2 – 214.65 | 40.45 | 0.56 | 42 | 0.19 | |
Avino Vein Hanging Wall | 175.2 – 184.95 | 15.1 | 0.98 | 53 | 0.15 | |
Including | 183.2 – 184.15 | 0.95 | 2.43 | 98 | 0.16 | |
184.15 – 184.95 | 0.8 | 2.26 | 89 | 0.13 | ||
Avino Vein Foot Wall | 200.8 – 206.75 | 5.95 | 0.77 | 85 | 0.22 | |
Including | 203.3 – 203.9 | 0.6 | 0.49 | 184 | 0.66 | |
205.1 – 205.65 | 0.55 | 1.33 | 284 | 1.00 | ||
ET-17-21 Infill | Hanging Wall Breccia | 64.75 – 76.8 | 12.05 | 0.64 | 28 | 0.18 |
Including | 68.4 -68.75 | 0.35 | 0.22 | 86 | 1.84 | |
74.1 – 75.25 | 1.15 | 0.18 | 80 | 0.06 | ||
75.25 – 75.75 | 0.5 | 3.01 | 32 | 0.04 | ||
75.75 – 76.8 | 1.05 | 2.54 | 22 | 0.07 | ||
Avino Hanging Wall Vein | 148.45 – 148.65 | 0.2 | 0.05 | 118 | 3.89 | |
Avino Vein | 198.9 – 240.95 | 42.05 | 0.49 | 103 | 0.18 | |
Including | 200.3 – 200.9 | 0.60 | 0.68 | 152 | 0.48 | |
207.55 – 208.6 | 1.05 | 4.71 | 166 | 0.12 | ||
208.6 – 210.45 | 1.85 | 1.44 | 150 | 0.13 | ||
210.45 – 211.9 | 1.45 | 2.69 | 95 | 0.13 | ||
221.6 – 222.9 | 1.30 | 0.19 | 418 | 0.01 | ||
229.0 – 230.3 | 1.30 | 0.16 | 491 | 0.41 | ||
ET-17-22 Infill | Avino Hanging Wall Vein | 177.15 – 180.30 | 3.15 | 1.71 | 10 | 0.06 |
Intermediate Avino Vein | 202.70 – 222.45 | 19.75 | 1.41 | 29 | 0.08 | |
Including | 216.05 – 217.65 | 1.60 | 4.77 | 17 | 0.07 |
True widths cannot be determined with the information available.
New Drill Programs Targeting Three Areas of Potential Mineralisation
The company has commenced new drill programs on the Avino property which are targeting three areas of mineralisation.
The first area of drilling is located on surface at the west end of the San Gonzalo mine, and comprises six (6) holes for a total of 1,200 metres of NQ drilling. The second area is situated where the Avino-San Juventino and the Footwall Breccia intersect, and consists of five (5) holes for a total of 1,300 metres.
The third area is located in the historical El Chirumbo mining area, which is located at the east end of the Avino vein, and comprises 10 holes for a total of 2,000 metres of NQ drilling. This area was previously mined between 1930 and 1940 and is characterized by gold rich mineralization in narrow vein (1 metre in width) and the company believes there is potential to extend the mineralisation.
These three areas are all outside of the existing active mining areas and have the potential to extend resources.
Assay Methods
Following detailed geological and geotechnical logging, drill core samples are sawed in half. One half of the core is submitted for assaying and the other half is retained on-site for verification and reference. Samples from diamond drill holes were submitted to the SGS Laboratory facility in Durango, Mexico. The gold is assayed by fire assay with an AA finish. Any samples exceeding 3.0 grams/tonne gold are re-assayed and followed by a gravimetric finish. Multi-element analyses are also completed for each sample by SGS ICP14B methods. Any copper values over 10,000 ppm (1%) are re-assayed using ICP 90Q. Silver is fire assayed with a gravimetric finish for samples assaying over 100 grams/tonne.
Avino uses a series of standard reference materials (SRMs), blank reference materials (blanks), and duplicates as part of their QA/QC program during analysis of assays.
Qualified Person(s)
Avino’s projects are under the supervision of Michael O’Brien P.Geo., Pr.Sci.Nat., who is an employee of ARANZ Geo Canada and is independent of Avino, as defined by Section 1.5 of NI 43-101., and Jasman Yee P.Eng, Avino Director, who are both qualified persons within the context of National Instrument 43-101. Both have reviewed and approved the technical data in this news release.
About Avino:
Avino is a silver and gold producer with a diversified pipeline of gold, silver and base metals properties in Mexico and Canada employing approximately 500 people. Avino produces from its wholly owned Avino and San Gonzalo Mines near Durango, Mexico, and is currently planning for future production at the Bralorne Gold Mine in British Columbia, Canada. The Company’s gold and silver production remains unhedged. The Company’s mission and strategy is to create shareholder value through its focus on organic growth at the historic Avino Property near Durango, Mexico, and the strategic acquisition of mineral exploration and mining properties. We are committed to managing all business activities in an environmentally responsible and cost-effective manner, while contributing to the well-being of the communities in which we operate.
ON BEHALF OF THE BOARD
“David Wolfin”
David Wolfin
President & Chief Executive Officer
NT4
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