Avino Announces Drilling Into the 27 Vein Extension Target at the Bralorne Gold Mine Intercepts 29.5 G/t Gold Over 0.88 Metres; Provides Update on Exploration Progress
Press Release
December 17, 2018
Avino Silver & Gold Mines Ltd. (ASM: TSX/NYSE American; GV6: FSE; “Avino” or “the Company”) is pleased to announce initial results from the drilling campaign at the Bralorne Gold Mine located near Gold Bridge, British Columbia, and an update on its 2018 – 2019 strategic exploration objectives. The drill results comprise three drill holes from a total of six, targeting the potential up-dip extension of the 27 Vein Extension Target. 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 the Avino website or under the Company’s profile on SEDAR (www.sedar.com) and was also filed with the SEC on Form 6-K.
“We are very pleased with the initial assay results received from the drilling of the 27 Vein Extension Target, which has confirmed the vein continuity up dip from the area of historic production, and we look forward to receiving additional assays and continued success from the drill program,” said David Wolfin, Avino’s President and CEO. “We are equally thrilled to be providing a comprehensive update on the progress of the exploration strategy.”
Drilling Campaign – 27 Vein Extension Target Initial Results
The first ten holes of the program have now been completed. Drilling commenced with the 27 Vein Extension target and six deep holes were committed from this first phase to test the up-dip extension of this vein. Five of the six holes successfully intersected the 27 Vein at predicted depths, with one hole (SB-2018-2015) being abandoned before reaching target depth due to adverse ground conditions.
Historic drifting and drill testing of the 27 vein up-dip from the productive historic stoping was extremely limited, therefore it was considered a prime target for the initial drilling of Phase One.
Results from three of the six holes into the 27 Vein are reported below, with assays still pending for the remaining holes. Drilling shown on the following links: Figure 1: 27 Vein Plan View and Figure 2: 27 Vein Section (Looking SW) intersected the vein between 180 and 420 m up dip of the historic stoping. Drill holes were spaced 100 – 200 metres apart.
Since the completion of the phase one holes into the 27 Vein target, the drill has completed an additional four holes into the Ned’s Vein target, 700 metres along strike to the south west of the Peter Vein. Assay results from these holes are still pending.
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