A drill hole averaged 132 grams of silver per tonne over 23.6 meters at La Preciosa
Avino Silver & Gold Mines reported drill results from La Preciosa, with hole PMLP 26-23 averaging 132 g/t silver over 23.6 meters. CEO David Wolfin highlighted the potential for wider veins and higher grades than initially expected. The company drilled 13 holes as part of its 2026 program, with results exceeding grade expectations and verifying the vein-based resource model.
How this was made
The 30-second read
Why it matters
The new drill data expands the known high‑grade zones, which could lead to an upward revision of the resource model and attract additional capital.
Market read
The drill results are a material update for a junior mining stock, offering a catalyst for short‑term price movement and longer‑term valuation adjustments.
What to watch
Potential permitting, financing needs, and commodity price volatility could temper the upside.
Background
Avino Silver & Gold Mines (ASM) is a junior miner focused on the La Preciosa project in Mexico. The company is listed on the NYSE under the ticker ASM.
Ticker impact
Avino Silver & Gold Mines reported first results from 13 new drill holes at La Preciosa, including a 23.6‑metre intercept with 132 g/t Ag and 0.37 g/t Au.
potential upside as investors re‑price the resource estimate higher
Drill results are primary data that can materially affect valuation, but the impact depends on subsequent resource modeling and market perception.
Market effects
Positive for the silver and gold exploration sector as the drill results highlight the potential of high‑grade veins in Mexico.
May boost interest in other Mexican base‑metal projects.
Limited to junior mining investors; no broad market effect.
Counterpoint
If the high grades are not representative of the broader deposit, the stock could be overvalued on a single drill intercept.
Key entities
- CompanyAvino Silver & Gold Mines Ltd.
Operator of the La Preciosa silver‑gold project in Mexico.
- ExecutiveDavid Wolfin
President and CEO of Avino, quoted on the drill results.
