Business
Avino Silver Vein Extended A Further 315 Metres
Drills 248 AgEq g/t over 16.66 metres including 371 AgEq g/t over 8.57 metres VANCOUVER, BC, Jan. 5, 2023 /CNW/ - Avino Silver & Gold Mines Ltd. (ASM: TSX) (NYS
About this update from Avino Silver & Gold Mines Ltd.
[{"type":"text","content":" Drills 248 AgEq g/t over 16.66 metres including 371 AgEq g/t over 8.57 metres VANCOUVER, BC, Jan. 5, 2023 /CNW/ - Avino Silver & Gold Mines Ltd. (ASM: TSX) (NYSE American: TSX) (FSE: GV6) \"Avino\" or \"the Company\") releases the results of four drill holes from below Level 17, the current deepest workings at the mine. The Company has been mining the Avino Vein by modern bulk mining methods to a depth of 483 metres. This drilling shows the Avino Vein to extend a further 315 metres downdip. This exploration program is designed to test the continuity of the steeply dipping mineralization and to understand the source of the mineralization. As a result of this drilling, the Avino Vein is now known to be 800 metres deep downdip. Additionally, it appears that the Avino Vein is getting richer in copper as we go deeper with a grade of 1.63% copper over 16.66 metres in Hole ET 22-12. Highlights Selected intercepts include: Hole ET 22-12: 248 AgEq g/t in 16.66 metres of drilling, including 371 AgEq g/t over 8.57 metres true width Hole ET 22-13: 254 AgEq g/t including 2.46 Au g/t, over 1.10 meters true width at only 35 meters from surface, as well as 73 AgEq g/t over 23.64 metres true width, including 90 AgEq g/t over 7.95 metres true width Details are shown in the table and images below. \"The ET area drilling continues to build on our June and October 2022 results as we extend the area of mineralization below Level 17\", said David Wolfin, President and CEO. \"We drilled to 315 metres below our current mine workings to confirm the continuity of mineralization. As we have come to expect with the Avino Vein, the drill intercept widths suggest that this area will be able to be mined by our existing low-cost bulk methods. In addition, we were delighted to discover a new veinlet closer to the surface that reported higher grade gold. Some of the current production areas contain lenses with high gold grades, and we are excited at the prospect that this would continue to other areas of the deposit not currently included in our mineral resource estimate.\" Avino is developing a geological model based on a \"near porphyry\" environment because of the increasing copper grades. The persistence of grade continuity from surface down a plunge distance of over 800 metres (600 metres vertical) with this copper increase suppor...