|Central Durango State, Mexico
|Silver & Gold
In August, 2020, Avino optioned the property to Silver Wolf Exploration Ltd. (formerly Gray Rock Resources Ltd.). See the details in the news release dated August 13, 2020.
The El Laberinto property is located approximately 25 km west-northwest of the Avino property between Coeur Mining’s La Preciosa silver project and Oremex’s San Lucas property near the town of Flores Magon. The property is situated within the Magon Caldera in the central portion of the northwest trending Sierra de la Silla horst.
The geological setting is similar to that of Avino with a window of favorable lower andesite volcanic sequence exposed in the southern portion of the property beneath the upper rhyolite sequence.
In the 1990’s Avino completed mapping, sampling, 753 metres of diamond drilling in 3 holes and a 300m exploration tunnel and 80 metre crosscut along the 2540m level of the Laberinto vein. Significant values were not reported which may be due to the intersection of a transition zone. A grab sample collected in 2006 from a trench in the southern property area at a lower elevation returned 0.535 g/t Au, 163 g/t Ag, 0.2% Pb and 0.2% Zn.
In 2012 Avino entered into an option agreement with Endeavour Silver Corp who then undertook mapping, surface sampling, CSAMT geophysics, and 1,367m of diamond drilling in 4 holes. Values up to 8 g/t Au and 421 g/t Ag on surface were obtained from, and the most conductive zones coincident with, the Laberinto vein. Drilling focused on the southern portion of the Laberinto vein where widths are around 20m. The 2012-12 drill program was exploratory with hole spacing between 200-300m, although the vein was intersected, no significant values were obtained. Potential still exists on the northern Laberinto vein where the highest precious metals values have been reported. Detailed structural analysis may also indicate ore shoots along the southern Laberinto vein.
Avino’s projects are under the supervision of Mr. Peter Latta, P.Eng, MBA, Avino’s VP Technical Services, who is a qualified person within the context of National Instrument 43-101. Mr. Latta has reviewed and approved the technical data herein.