Avino Completes San Gonzalo Bulk Sampling Program
09 June 2011 - 10:00PM
Marketwired
Avino Silver & Gold Mines Ltd. (TSX VENTURE: ASM)(OTCBB:
ASGMF)(BERLIN: GV6)(FRANKFURT: GV6) -
The San Gonzalo Bulk Sample program was completed on April 2,
2011. A total of 10519 tonnes of ore was processed for the
production of 232 tonnes of concentrate of which 209 wet tonnes
were shipped and sold to MRI Trading AG. The final invoice for the
sale was completed on June 1st where the average May gold and
silver metal prices were used to calculate the final invoice for
proceeds of $1,831,544. All the information pertaining to the bulk
sample program has been forwarded to an independent engineering
firm for verification of the bulk sample results. These results
will be made public as soon as received, with an operational
decision expected thereafter.
With the completion of the bulk sample program, processing of
the San Gonzalo development ore continued until May 13th.
Approximately 400 tonnes of concentrate have been produced from
development ore and is available for sale. Request for proposals
for the sale of this material is being solicited.
Since May 18th the plant has been processing stockpiled copper
ore from past mining of the Avino vein. There is approximately
17000 tonnes available and will take 4 months to process.
Avino's recent equipment acquisitions include a Cat 922 loader
and D6 bulldozer. There are also plans to purchase other
underground equipment in order to reduce downtime experiences from
the use of the contractor's equipment.
Proposals to supply grid power to San Gonzalo are being
evaluated and a decision will be made soon.
Fresh water supply from Avino'sGaleano well was reactivated in
May. The major costs for this work were the electrical supplies and
pumps.
Underground development is proceeding, two stopes (2-080 and
2-200) are currently producing ore which is being stock piled while
the mill completes processing the remaining copper-silver-gold ore
currently stockpiled from past mining.
Both Stopes are producing good silver and gold grades as shown
in the following tables:
------------------------------------- ----------------------------------
Stope 2-080 Stope 2-200
------------------------------------- ----------------------------------
Line Width (m) Au (g/t) Ag (g/t) Line width Au (g/t) Ag (g/t)
------------------------------------- ----------------------------------
Lift 1-1 1.8 0.21 91.9 Line 1 3.1 1.07 445.67
------------------------------------- ----------------------------------
Lift 1-2 3.8 0.40 175.63 Line 2 2.95 0.61 227.52
------------------------------------- ----------------------------------
Lift 1-3 4.25 0.51 164.58 Line 3 2.5 1.33 278.09
------------------------------------- ----------------------------------
Lift 1-4 3.35 0.42 196.28 Line 4 2.3 0.77 349.55
------------------------------------- ----------------------------------
Lift 1-5 1.5 0.45 176.02 Line 5 2.35 0.42 93.77
------------------------------------- ----------------------------------
Lift 1-6 1.9 0.22 58.82
-------------------------------------
Lift 1-7 1.25 0.67 222.62
-------------------------------------
Lift 1-8 1.85 1.30 177.53
-------------------------------------
Lift 1-9 1.8 0.90 273.86
-------------------------------------
Lift 1-10 2.35 1.55 391.54
-------------------------------------
Lift 2-1 2.6 0.77 164.62
-------------------------------------
Lift 2-2 2 0.51 237.78
-------------------------------------
Lift 2-3 2.1 1.69 535.68
-------------------------------------
Lift 2-4 1.8 1.84 396.8
-------------------------------------
Lift 2-5 2.5 0.54 191.44
-------------------------------------
The stopes developed from level 2 are shown in a longitudinal
section on the Avino web site. The Assay results shownin the above
tables are from channel samples on lines across the San Gonzalo
vein structure on the back (roof) of each lift (or cut) in the
respective stope. Samples were assayed by Inspectorate labs in
Reno, NV using standard procedures.
Avino Continues to drill regional exploration targets within the
company's 100% owned ground. To date, 41 drill holes covering 4,371
metres have been completed on 7 different mineralized areas. Assays
results are expected soon, delays have been encountered at the lab
due to the high volume of samples currently awaiting analysis by
Inspectorate Labs.
Founded in 1968, Avino has established a long record of mining,
exploration and production in Mexico. The Company's focus is to
bring the property to production again. 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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