- Avino (TSX:ASM), a profitable silver-mining stock, has yielded the best intercept in company history from its Avino Mine in Mexico
- The drill hole in question, ET 23-09, produced 296 AgEq g/t over 57 metres true width, including 407 AgEq g/t over 37 m true width, as well as 2,866 AgEq g/t over 3.43 m true width
- The ongoing 8,000-m exploration program is testing the continuity of the Elena Tolosa Area’s steeply dipping mineralization
- Avino is a silver producer from its wholly owned Avino Mine near Durango, Mexico
- Avino Silver & Gold Mines stock (TSX:ASM) is down by 1.08 per cent trading at $0.92 per share
Avino (TSX:ASM), a profitable silver-mining stock, has yielded the best intercept in company history from its Avino Mine in Mexico.
The result (ET 23-09) stems from three drill holes from below Level 17, the deepest workings at the Elena Tolosa (ET) Area of the Avino system, which confirm that mineralization persists to the west along strike at depth and that there is potential for high-grade silver within the increasing copper grades drilled at depth.
The persistence of grade continuity from surface down a plunge distance of over 1,100 metres amid increasing copper grades supports the possibility of a deeper mineralized system and may be linked to a porphyry centre.
The property contains numerous low-sulphidation epithermal veins (including the Avino vein), breccias, stockworks and silicified zones that grade into a possible “near porphyry” environment within a large caldera setting. The direction of the increasing copper grades plunges steeply towards the east in the Avino vein.
Vein-type mineralization and stockwork containing silver, gold and copper are present along contacts between intrusive rocks and an andesite. This offers opportunities in the ET Area for additional mineral resources open on strike and dip.
The ongoing 8,000-m exploration program is testing the continuity of the property’s steeply dipping mineralization. Several world-renowned consulting geologists are on hand to drive understanding of the mineralization’s characteristics.
Summary drill results
Source: Avino Silver & Gold Mines.
“We stepped out, at depth and along strike, with Hole ET-23-09 and were handsomely rewarded with the best drill hole in the company’s 55-year history,” David Wolfin, Avino‘s president and CEO, said in a news release. “The exceptionally wide and very high silver, gold and copper grades are extremely encouraging for our continued exploration of the Avino vein and associated stockwork and breccia at depth and suggest a much more complex mineralization system.
“We are still open along strike and at depth and we will continue to try to understand the source of the mineralization as we explore for the source intrusive, porphyry or phreatomagmatic interface. The drill intercept widths are in line with our understanding of the Avino vein and represent minable areas to be contemplated for the future of the mine with grades that are almost five times the current cutoff grade.”
Avino is a profitable silver producer from its wholly owned Avino Mine near Durango, Mexico. The company controls NI 43-101 mineral resources of over 368 million silver equivalent ounces.
Avino Silver & Gold Mines Ltd. (ASM) is down by 1.08 per cent trading at $0.92 per share as of 9:40 am ET.
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