Mr. David Wolfin reports
AVINO ANNOUNCES DRILL RESULTS FROM THE EL CHIRUMBO AND GUADALUPE AREAS OF THE AVINO PROPERTY
Avino Silver & Gold Mines Ltd. has released further drill results from its planned programs on the El Chirumbo area of the Avino vein system as well as the Guadalupe area near the San Gonzalo mine. Both of these areas are located on the Avino property, situated 80 kilometres northeast of Durango, Mexico. The objective of this drill program, which commenced in August, 2017, was to explore targets outside of the current active mining areas in order to assess their potential. The initial results were released on Feb. 6, 2018, and can be viewed on the Avino website or under the company's profile on SEDAR, and were also filed with the Securities and Exchange Commission on Form 6-K.
"We are pleased with the success of the results from the El Chirumbo area and the Guadalupe vein, which is a longer-term target and provides further confidence to continue exploration," said David Wolfin, president and chief executive officer. "There is untapped potential on the property, and we are eager to plan further exploration and drill programs."
Three drill holes from the historical El Chirumbo mining area, located at the east end of the Avino vein, are reported in the table. The first seven holes were released in the news release dated Feb. 6, 2018, as mentioned above. This area is characterized by narrow veins approximately one metre in thickness.
The results of the three holes (761 metres drilled) in this area are as shown in the table.
SUMMARY OF DRILLING IN THE ELENA TOLOSA AREAHole Intersection (m)Length (m)Au (g/t)Ag (g/t)Cu (%)ET-17-30182.3-197.7015.40.20 1290.64Including185.70-195.459.750.25 1820.64233.7-276.45 42.750.45460.44Including235.8-261.5 25.700.67630.48ET-18-01 32.65-48.50 15.854.13200.07 59.15-83.50 24.350.12270.20Including76.65-83.506.850.18370.3384.0-91.357.350.36470.33Including84.0-86.02.000.90930.73ET-18-02 200.60-204.654.050.06730.31 206.05-211.455.400.07180.17 211.45-213.652.200.03 30.71 250.25-252.852.600.31620.16273.6-299.30 25.700.11610.63Including293.30-299.306.000.09 2020.64True widths cannot be determined with the information available.
Eleven holes (2,020 metres drilled) have been drilled on the Guadalupe vein, which is similar in thickness and orientation to the San Gonzalo vein, and the results are reported in the table.
SUMMARY OF DRILLING IN THE GUADALUPE VEINHole Intersection (m) Length (m)Au (g/t)Ag (g/t)Cu (%)GPE-17-08169.45-170.05 0.601.38900.76GPE-17-0997.35-98.85 1.504.79110.05Including 97.35-98.0 0.65 10.53220.11GPE 17-10193.50-194.85 1.350.03 60.05GPE-18-01154.65-158.40 3.750.32 1710.10Including154.65-156.85 2.200.44 2840.10GPE-18-0285.60-87.20 1.600.23840.28GPE-18-03 No significant valuesGPE-18-0478.75-83.95 5.200.07260.34GPE-18-05127.05-130.95 3.900.33 1290.75GPE-18-06165.85-166.90 1.050.11170.16Including274.60-279.20 4.600.021.530.05GPE-18-07 183.0-185.55 2.550.16350.08GPE-18-08257.30-259.55 2.250.59300.06Including 257.3-259.05 1.750.74380.07True widths cannot be determined with the information available.
These drill results are encouraging as the presence of mineralized material in the Guadalupe vein has been shown to extend along a strike distance of 800 metres and to a depth of 250 metres from surface. The continuity of the mineralization will need to be verified by infill drilling and the vein is open to depth.
New drill program
The company is also in the planning stages of a new drill program targeting the Aguila Mexicana vein located approximately 400 metres to the northeast of the San Gonzalo mine.The main purpose of this drill program is to explore the potential continuity of mineralization along the vein which was the subject of drilling in 2007/2008.
Aguila Mexicana is a north-northwest-trending low-temperature vein system, with significant widths and similar continuity across the property as the main Avino vein system. The Avino and Aguila Mexicana veins are considered to be the two strongest and widest structures on the property. Additional geological information on the Aguila Mexicana vein can be located in the company's latest National Instrument 43-101 technical report on the Avino property, either on the company's website or its profile on SEDAR.
Sampling and assay methods
Following detailed geological and geotechnical logging, drill core samples are sawed in half. One-half of the core is submitted to SGS Laboratory facility in Durango, Mexico, and the other half is retained on site for verification and reference.
Gold is assayed by fire assay with an AA finish. Any samples exceeding 3.0 grams per tonne gold are reassayed and followed by a gravimetric finish. Multielement analyses are also completed for each sample by SGS ICP14B methods. Any copper values exceeding 10,000 parts per million (1 per cent) are 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 its quality assurance/quality control program during analysis of assays.
Qualified person(s)
Avino's projects are under the supervision of Michael O'Brien, PGeo, technical director, geology and resources, Ausenco Canada, and Jasman Yee, PEng, 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 Silver & Gold Mines Ltd.
Avino is a silver and gold producer with a diversified pipeline of gold, silver and base metals properties in Mexico and Canada employing approximately 600 people. Avino produces from its wholly owned Avino and San Gonzalo mines near Durango, Mexico, and is currently evaluating the potential economics of possible future production at the Bralorne gold mine in British Columbia, Canada. The company's gold and silver production remains unhedged.
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