on Avino Silver & Gold Mines Ltd. (NASDAQ:ASM)
Avino Reports High-Grade Silver in La Preciosa Drill Results
Avino Silver & Gold Mines Ltd. has announced promising drilling results from its La Preciosa project. The company reported findings from four additional drill holes, with significant silver and gold grades identified, particularly in the La Gloria and Abundancia veins. Highlights include 787 g/t Ag and 0.51 g/t Au over 5.22 meters, with some sections showing even higher concentrations.
The drilling confirmed the expected pinch and swell vein geometry and exceeded grade forecasts, supporting the company's mining strategy. David Wolfin, Avino's CEO, highlighted the potential of the deposit early in its mine life. The company plans to expand drilling and refine its geological model to fully exploit the resource.
Located in Durango, Mexico, La Preciosa is known for its distinctive mineralization within quartz veins, characterized by significant silver content. The results reinforce Avino's strategy to utilize underground mining techniques at this site.
R. E.
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