Avino Silver and Gold Mines Ltd.: San Gonzalo Bulk Sampling Program Update
05 March 2010 - 12:00AM
Marketwired
Avino Silver & Gold Mines Ltd. (TSX VENTURE: ASM)(OTCBB:
ASGMF)(BERLIN: GV6)(FRANKFURT: GV6) ("Avino") is pleased to provide
the following update on the San Gonzalo Bulk Sampling Program.
Since January 15 of this year, the mining contractor (DMG) has
advanced a total of 119 metres of the 4m x 4m decline with about
111 metres to go before reaching the San Gonzalo vein. At the
current rate of advance, it is expected the decline will be
completed by late March to early April. The mining method selected
for the bulk sample is shrinkage/stope with drifts heading East and
West from the point of the decline intersection with the vein.
It is interesting to note during the advance of the decline, a
small vein was intersected on February 4. Mineralization and rusty
brown staining of the vein material were noted. This is encouraging
and suggests that there could be other potential unknown parallel
veins or structures that could be encountered while driving the
ramp.
Construction of the mine surface facilities near the entrance to
the decline is making good progress, the fuel storage tank with its
containment is nearly complete and foundations for the mechanic
shop and mine office have been poured with roof and cladding to be
installed.
At the process plant, the issues with the power company (CFE)
have been resolved and commissioning of the new jaw crusher has
been completed with no major mechanical or electrical deficiencies.
The 41/4ft Symons cone crusher with all new bushings and socket
liner is slated for testing this week together with the 8x6 ball
mill.
Laboratory supplies are currently being purchased in preparation
for putting the mine laboratory facilities back into service with
the hiring of the assayer. The new AA machine is now on site and
commissioning, training and testing is scheduled to begin once a
suitable date with the supplier can be arranged.
Metallurgical testing of stockpile material has been completed
by SGS Labs in Durango. The results show a reasonable copper
concentrate of about 18% copper can be generated with approximate
recoveries of 78%, 72% and 60% for copper, silver and gold
respectively.
Discussions are underway with potential buyers of this copper
concentrate product together with the product expected from the San
Gonzalo bulk sample. Economics can then be updated to confirm those
used previously.
According to the mine records, there are approximately 30,000
tons of older stockpile materials grading 0.41% Cu, 90g Ag/t and
1.1g Au/t that are available for tuning up the refurbished 250tpd
plant circuit.
Founded in 1968, Avino has established a long record of mining
and exploration in Mexico. The Company's focus is to bring the
property to production. Avino remains well funded.
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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