Year: 2022

Bruce Bragagnolo, Executive Chairman said “The 2022 drill program was a major success. The drill hole into the prominent IP anomaly proved out our theory that the mineralization at depth would be different than the silver mineralization found at the historic Dios Padre silver mine workings.”

“We continue to view the southern extent of Napoleon as a primary target for near-term resource growth at Panuco,” commented Michael Konnert, President and CEO. “With a local exploration model that continues to be validated through ongoing drilling, exploration along the southern extent of Napoleon has become increasingly predictive.”

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.

Chief Executive Officer, Daniel Kunz commented, “The drill results reported today continue to increase the known strike length of the Z-T structure and have extended mineralization 200 metres deeper (vertically, from 700 to 500 metres above sea level) at the southern end of Z-T. We will continue to aggressively target these previously undrilled zones between the known pit shells.”

“After careful analysis of Vizsla Silver Corp.’s latest results from the Copala vein announced in their news release of September 12, 2022, showing significant mineralization over wide structural zones, including in wallrocks with quartz veinlets, we have decided to modify our protocol to sample the entire intercept of the structural zone in the same fashion as Vizsla Silver Corp.”