Avino Silver drills 150 g/t AgEq over 26.77 metres at Avino mine, Mexico

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Avino Silver & Gold Mines Ltd. [ASM-TSX; NYSE American; GV6-Berlin, FSE] has compiled further drill results from phase 2 of its 2021/2022 exploration program at its Avino mine 80 kmnortheast of Durango, north-central Mexico.

These latest results represent six holes completed below the current Level 17 mining area at the Elena Tolosa (ET) area of the Avino mine. The goal of this part of the exploration program is to define the continuity of the steeply dipping mineralization and to identify the source of the mineralization’s feeder. These drilling results demonstrate the continuity of our mineralization similar to or higher than the current mining widths and grades at the lowest level of the current Avino mine production area.

“The ET area drilling builds on our June, 2022, results as we as continue to expand the area of mineralization below Level 17,” said David Wolfin, president and CEO. “We are thrilled at the copper grades over significant widths and encouraged to see strong gold and silver grades as well. In the last drill campaign, we drilled to a depth of 290 metres below the lowest mining level. This current drill campaign tested infill sections to a depth of 232 metres to ensure continuity as well as extensions to the east of the known mineralization. Furthermore, we also tested on the eastern edge of our production workings to add to our geological understanding and help identify the main mineralization feeder. With this continued success, our team is extremely excited on ET prospects and have made the decision to mobilize Avino’s third exploration drill rig to these areas. The current intercept widths suggest that this area will be able to utilize Avino’s existing low-cost bulk mining methods.”

Avino is developing a geological model based on a near-porphyry environment. The persistence of grade continuity from surface down a plunge distance of over 800 metres (600 metres vertical) and base metal zonation supports the likelihood of a deeper mineralized system and could possibly be linked to a porphyry centre.

Geological modelling is ongoing to determine the potential geometry and controls of mineralization. A further six drill holes are planned and budgeted for 2022.

The property contains numerous low-sulphidation epithermal veins (including the Avino vein), breccias, stockworks and silicified zones that grade into a near-porphyry environment within a large caldera setting. ineralization.

Below Level 17: Six holes, totalling 3,269 metres, drilled were completed to investigate the continuity of mineralization in the central part of the ET area. Five of the holes intercepted the mineralization within the vein and stockwork.

“In my opinion, the strong vertical persistence of the mineralization system and three centuries of mining history are signs that Avino may turn out to be a substantial deposit,” said Michael F. O’Brien, PGeo, senior principal consultant, Red Pennant Communications.

Selected intercepts include Hole ET 22-08 that returned 95 g/t silver equivalent (AgEq) over 43.8 metres, including 673 g/t AgEq over 0.66 metres. Hole ET 22-09 returned 150 g/t AgEq over 26.77 metres, including 1,037 g/t AgEq over 0.46 metres and 1,800 g/t AgEq over 0.28 metres.

Avino is primarily a silver producer from its wholly owned Avino mine near Durango, Mexico. The company’s silver, gold and copper production remains unhedged. The company’s mission and strategy is to create shareholder value through its focus on profitable organic growth at the historical Avino property and the strategic acquisition of the La Preciosa property. Avino currently controls 290 million silver equivalent ounces within its district-scaled land package.

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