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Avino Silver & Gold Mines: Drilling in the Northeast Block Confirms New Targeting Model and Highlights Potential for Another Large Bralorne-Style Narrow Vein Gold System
VANCOUVER, April 1, 2019 /CNW/ - Avino Silver & Gold Mines Ltd. (ASM: TSX/NYSE American; GV6: FSE; "Avino" or "the Company") is pleased to announce further resu
About this update from Avino Silver & Gold Mines Ltd.
[{"type":"text","content":" VANCOUVER, April 1, 2019 /CNW/ - Avino Silver & Gold Mines Ltd. (ASM: TSX/NYSE American; GV6: FSE; \"Avino\" or \"the Company\") is pleased to announce further results from the drilling campaign at the Bralorne Gold Mine located near Gold Bridge, British Columbia. As planned, at the start of 2019, the exploration program shifted focus from exploring known veins to making new discoveries in underexplored areas that share similar geological structural attributes to the Bralorne, Pioneer and King Mines. New conceptual insights have opened up the validity of a large block of land north-east of the Ferguson fault, referred to as the North East (\"NE\") Block. This area is now considered by Avino to have high potential to host another large Bralorne-style narrow vein gold system. The comprehensive structural review undertaken by Avino at Bralorne has delivered valuable geological insights and resulted in a new conceptual targeting model which highlights the potential for the discovery of another large Bralorne-style narrow vein gold system. Initial drilling results from the NE Block obtained in Q1 2019 have confirmed the presence of a significant network of gold-bearing quartz veins and validated Avino's new conceptual targeting model. Drilling has only just begun to test the mineralization potential of the NE Block and approximately 13,500 metres of drilling remain within the current exploration program which will continue until Q4 2019. Drilling began in the NE Block on January 11, 2019 and 16 holes have now been completed. Multiple gold-bearing veins have been intersected along 1,200 metres of prospective strike length within what Avino considers to be part of a larger vein system. Assay results from 11 holes into the NE Block have now been received, along with the remaining results from Q4 2018 drilling which includes 2 holes into the 27 Vein extension target, 4 holes from the Ned's vein target, and 3 holes in the King mine area. Drilling will continue to delineate the significant vein system in the NE Block over the coming months targeting potentially high grade gold veins. The Company is using the gross proceeds of CDN $6,000,000 raised from the Flow-through share offering which closed on April 27, 2018 to fund the exploration work. The news release dated April 27, 2018 describing the offering may be viewed on th...