Avino Silver & Gold Mines Ltd.

Projects



Eagle Property



Very High Assays in Early Exploration

Location: Yukon Territory, Canada

Minerals: Silver, Gold, Indium

Ownership: 100%

Status: Exploration

Located in the Keno Hill mining camp north of Whitehorse, the Eagle Property continues to offer exciting potential. In 2009, through an option agreement with Avino, Mega Silver Inc. drilled six holes over 1900 meters. The program successfully identified strong silver, gold, enriched zinc and lead mineralization hosted in the Eagle vein fault (0.3g/t Au, 284.3 g/t Ag, 3.16%Pb, 7.11% Zn. over 1.3m)

The work also established that the rare earth metal indium, used in plasma screens, is present in significant concentrations of up to 285.4 g/t indium (In) over 1.8m. Despite the strong results, Mega Silver returned the property to Avino so it could focus on its Red Lake project in Ontario. Avino is excited about future exploration at the Eagle property, as more work is needed to fully expose the potential for both silver and indium.

Highlights from 2009 drilling include:

Hole Number

Intercept

Analytical Results*

Target

Drill Section

From
(m)

To
(m)

Width (m)

Au
(ppb)

Ag
(g/t)

Pb
(ppm)

Zn
(ppm)

In
(g/t)

D09EE-01

Eagle Vein

L40+00E

 

328.6

332.7

4.1

16

15.1

554

1.16%

11.3

 

346.3

352.5

6.2

425

12.2

489

1.86%

22.9

Incl.

351.0

352.5

1.5

1263

15.7

138

797

0.1

D09EE-02

Eagle Vein

L40+00E

 

272.9

296.6

23.7

60

47.1

3750

3.85%

37.1

Incl.

272.9

274.2

1.3

312

284.3

3.16%

7.11%

57.9

Incl.

283.7

284.8

1.1

222

110.8

1.90%

12.01%

89.4

Incl.

288.3

296.0

7.7

46

20.9

1008

4.89%

65.8

D09EE-03

Eagle / McLeod

L33+50E

 

267.7

268.4

0.7

8

29.4

3120

5262

n/a

D09EE-04

McLeod Fault

n/a

 

-

-

-

No significant results.

D09EE-10

Eagle Vein

L39+00E

 

305.1

305.9

0.8

160

28.1

0.35%

3.23%

n/a

D09EE-11

Eagle Vein

L42+00E

 

232.7

241.1

8.4

181

10.3

668

1.09%

n/a

Incl.

232.7

234.1

1.4

934

18.6

482

2.53%

n/a

 

244.5

265.5

19.0

58

29.1

2805

2.79%

n/a

Incl.

252.5

254.5

2.0

112

145.0

1.03%

3.17%

20.3

And

262.8

264.6

1.8

230

31.9

626

18.52%

285.4

* Analytical results reported in ppb (Au) and ppm (Pb, Zn) and g/t (In) unless otherwise indicated.

The property has produced very high assays for silver since exploration first occurred there in the 1950s. In 1950-51, the vein was exposed by bulldozer trenching. In 1963-64, Jersey Consolidated Mines Ltd. exposed over 120 metres of the vein. An 11.6 metre section, based on 9 chip samples at 1-to-2 metre intervals, reportedly averaged 442.3 g/t silver, 6.5% lead and 3.9% zinc across an average width of 0.46 metres (including a 1.2 metre section averaging 1,570.3 g/t silver across 0.55 metres; cited by: Archer, 1979).

EAGLE VEIN - HISTORIC REPORTED DRILLING (YTG MinFile 105M 021)

Year Operator Reported Structure Reported Intercept (m) Silver g/t Lead % Zinc %
1964 Jersey Yukon Mines Ltd. Branch Vein 2.1 1,885.7 12.8 4.2
Main Vein
(parallel intercepts)
0.15 7,624.9 1.2  
0.4 682.3 11.6  
1978/79 Teck Corporation Main Vein
(DDH JB3)
1.5 366.6 5.4 6.8


Part of the Historic Keno Hill Mining Camp
The Keno Hill mining camp is one of Canada's most productive for silver, lead and zinc. Between 1920 and 1988, the total reported production was 4,787,423 tonnes with recovered grades of 1.3 kg/t silver, 5.6% lead and 3.1% zinc. Subsequent exploration in the district has led to the discovery of additional large mineral deposits which may become productive in the near future

Parallel to Structures of the Historic Hector-Calumet Mine
The Eagle Vein is located roughly 1.5 kilometres south of, and parallel to, the vein structures of the Hector-Calumet Mine, which generated almost half of all metal produced in the Keno Hill camp from 1935 to 1972. The Eagle vein varies from 0.6 to 4.9 metres in width with mineralized lenses of silver-rich galena, sphalerite and tetrahedrite in a siderite, pyrite and quartz gangue.  

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