Avino Silver & Gold Mines Ltd. (TSXV:ASM,FWB:GV6) intersects 76 g/t Ag, 0.29 g/t Au & 1.0% Cu Over 30.8 m at Main Avino Vein on the Elena – Tolosa zone 80 km NE of Durango, Mexico. The holes are part of a program to explore an area of the main Avino vein system below the 12th level of the mine where the company ceased mining in 2001 due to low metals prices and the closure of a key smelter.
Avino Silver & Gold Mines Ltd. (TSXV:ASM,FWB:GV6) intersects 76 g/t Ag, 0.29 g/t Au & 1.0% Cu Over 30.8 m at Main Avino Vein on the Elena – Tolosa zone 80 km NE of Durango, Mexico. The holes are part of a program to explore an area of the main Avino vein system below the 12th level of the mine where the company ceased mining in 2001 due to low metals prices and the closure of a key smelter.
As quoted in the press release:
Remaining resources at the time of the closure, mostly below level 11 (as calculated by mine staff, historic, non NI43-101 compliant) were 1,681,253 tons at 100 g/t silver, 0.92 g/t gold and 0.63% copper. Drilling in the area between 2006 and 2012 will significantly add to this total.
The 2012 drill program on the main Avino vein is intended to increase confidence in the resource as well as to expand tonnage and is the first step towards bringing the mine back on line.
When the 2012 drill program is completed, results from 30 holes drilled between 2006 and 2012 will be computed into a new NI 43-101 compliant resource estimate of the potential resource below the 12th level. The drill is currently on hole #7 and results will be released as they are received.
Click here to read the Avino Silver & Gold Mines Ltd. (TSXV:ASM) press release
Click here to see the Avino Silver & Gold Mines Ltd. (TSXV:ASM) profile.
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| Commodities | |||
|---|---|---|---|
| Gold | 1870.99 | +1.59 | |
| Silver | 23.74 | -0.26 | |
| Copper | 4.03 | +0.11 | |
| Palladium | 1713.17 | 0.00 | |
| Platinum | 1087.26 | 0.00 | |
| Oil | 74.94 | +1.17 | |
| Heating Oil | 3.01 | +0.01 | |
| Natural Gas | 4.11 | +0.40 | |