Avino Silver & Gold Mines Ltd.: San Gonzalo-Bulk Sampling Update
29 January 2010 - 12:45AM
Marketwired
Avino Silver & Gold Mines Ltd. (TSX VENTURE: ASM)(OTCBB:
ASGMF)(BERLIN: GV6)(FRANKFURT: GV6) (the "Company") is pleased to
provide the following update on the San Gonzalo bulk sampling
program. A significant milestone was achieved yesterday with the
acceptance of the power proposal provided by Comision Federal de
Electricidad (CFE). Plans are in place to have the power
transmission lines reconnected in the first week of February in
order to service the 250tpd milling operation.
Testing all the processing equipment on a dry run basis will
commence shortly to test all electrical and mechanical equipment
for deficiencies and assess and correct as necessary the mills
operation prior to testing with actual feed. The plan is to process
stockpiled ore from past years for commissioning. Flotation tests
on sample material is currently taking place at lab facilities of
SGS in Durango; results are pending.
DMG, the mining contractor, has made good progress to date on
the ramp and decline to intersect the San Gonzalo vein. As of
January 25th, an advance of 58 meters from the portal entrance has
been completed with approximately 204 meters to go. At the current
rate we expect to reach our target by approximately the end of
March.
Construction of the mine office, mechanical shop, the fuel
storage and the related containment structure near the entrance to
the decline were started last month and should be completed within
the next two weeks.
Key personnel hired since our last news release includes a
Mining Engineer whose responsibility will be to monitor the ongoing
development of the mine and the Mining Contractor. We expect to
have a Plant Manager and assayer within the next two months.
ON BEHALF OF THE BOARD
David Wolfin, President
This release contains statements that are forward-looking
statements and are subject to various risks and uncertainties
concerning the specific factors disclosed under the heading "Risk
Factors" and elsewhere in the Company's periodic filings with
Canadian securities regulators. Such information contained herein
represents management's best judgment as of the date hereof based
on information currently available. The Company does not assume the
obligation to update any forward-looking statement.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Avino Silver & Gold Mines Ltd. David Wolfin
President 604.682.3701 604.682.3600 (FAX) ir@avino.com
www.avino.com
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