Avino November Production Report
05 December 2012 - 11:00PM
Marketwired Canada
Avino Silver and Gold Mines Ltd. (TSX VENTURE:ASM)(NYSE
MKT:ASM)(BERLIN:GV6)(FRANKFURT:GV6) ("Avino" or "the Company") is pleased to
announce the following November production results from its San Gonzalo mine
operation located on the Avino property near Durango, Mexico.
As stated in the previous news release dated October 24, 2012, the company began
processing high grade mill feed from San Gonzalo on the first of October.
Milling continued throughout November with an average throughput of 218 tonnes
per day ("TPD").
Production numbers from October, November as well as the yearly production total
from the San Gonzalo mine are as follows:
----------------------------------------------------------------------------
October 2012 November 2012 YTD
----------------------------------------------------------------------------
Total Mill Feed (dry tonnes) 6,647 6,528 13,175
----------------------------------------------------------------------------
Feed Grade Silver (g/t) 233 256 245
----------------------------------------------------------------------------
Feed Grade Gold (g/t) 0.93 0.99 0.96
----------------------------------------------------------------------------
Feed Content Silver (Kg) 1,548.75 1,672.14 3,220.89
----------------------------------------------------------------------------
Feed Content Gold (g) 6,201 6,494 12,695
----------------------------------------------------------------------------
Bulk Concentrate (dry tonnes) 180 177 357
----------------------------------------------------------------------------
Bulk Concentrate Grade Silver (Kg/t) 7.04 7.37 7.20
----------------------------------------------------------------------------
Bulk Concentrate Grade Gold (g/t) 25.0 25.4 25.2
----------------------------------------------------------------------------
Recovery Silver (%) 82 78 80
----------------------------------------------------------------------------
Recovery Gold (%) 72 69 71
----------------------------------------------------------------------------
Mill Availability (%) 97.2 98.1 97.7
----------------------------------------------------------------------------
Total Silver Produced (ozs) 40,673 41,870 82,543
----------------------------------------------------------------------------
Total Gold Produced (ozs) 144 144 288
----------------------------------------------------------------------------
Total Silver Equivalent Produced (ozs) 47,888 49,083 96,971
----------------------------------------------------------------------------
Silver equivalent calculated using a 50:1 ratio for silver to gold. Mill
production figures have not been reconciled and are subject to adjustment with
concentrate sales.
Mill tonnage is slightly below the forecast while the circuit is being
fine-tuned and will be ramped up once metallurgical results are favorable.
Avino expects that grades and recoveries will improve at lower levels of the
mine as the vein extends below the oxidized zone near the surface. Silver assay
results from 2007 drilling around the fourth and fifth levels of the mine
produced a number of core intercepts (down hole) greater than 1,000 g/t Ag, some
reaching as high as 5,265 g/t Ag, over 0.65 m; independently verified
metallurgical test work on the core from the deeper levels yielded recoveries of
89-90% for silver and 92-93% for gold.
QA/QP
Mill assays are performed at the lab onsite at the mine. Check samples are
verified by SGS labs in Durango, Mexico. Avino's projects are under the
supervision of Chris Sampson, P.Eng, BSc, ARSM Avino Consultant and Mr. Jasman
Yee P.Eng, Avino director, who are both qualified persons within the context of
National Instrument 43-101. Both have reviewed and approved the technical data
in this news release.
About Avino
Founded in 1968, Avino's mission is to create shareholder value through
profitable organic growth at the historic Avino property near Durango, Mexico.
We are committed to managing all business activities in an environmentally
responsible and cost-effective manner, while contributing to the well-being of
the community in which we operate.
Our primary goal is to become a significant low cost primary silver producer.
Our specific objectives are to achieve full time commercial production as soon
as possible, expand resources, reserves and the mines output as well as to
identify, explore and develop new targets on the property.
ON BEHALF OF THE BOARD
David Wolfin, President & CEO
Safe Harbor Statement - This news release contains "forward-looking information"
and "forward-looking statements" (together, the "forward looking statements")
within the meaning of applicable securities laws and the United States Private
Securities Litigation Reform Act of 1995, including our belief as to the extent
and timing of various studies including the PEA, and exploration results, the
potential tonnage, grades and content of deposits, timing and establishment and
extent of resources estimates. These forward-looking statements are made as of
the date of this news release and the dates of technical reports, as applicable.
Readers are cautioned not to place undue reliance on forward-looking statements,
as there can be no assurance that the future circumstances, outcomes or results
anticipated in or implied by such forward-looking statements will occur or that
plans, intentions or expectations upon which the forward-looking statements are
based will occur. While we have based these forward-looking statements on our
expectations about future events as at the date that such statements were
prepared, the statements are not a guarantee that such future events will occur
and are subject to risks, uncertainties, assumptions and other factors which
could cause events or outcomes to differ materially from those expressed or
implied by such forward-looking statements.
Such factors and assumptions include, among others, the effects of general
economic conditions, the price of gold, silver and copper, changing foreign
exchange rates and actions by government authorities, uncertainties associated
with legal proceedings and negotiations and misjudgments in the course of
preparing forward-looking information. In addition, there are known and unknown
risk factors which could cause our actual results, performance or achievements
to differ materially from any future results, performance or achievements
expressed or implied by the forward-looking statements. Known risk factors
include risks associated with project development; the need for additional
financing; operational risks associated with mining and mineral processing;
fluctuations in metal prices; title matters; uncertainties and risks related to
carrying on business in foreign countries; environmental liability claims and
insurance; reliance on key personnel; the potential for conflicts of interest
among certain of our officers, directors or promoters of with certain other
projects; the absence of dividends; currency fluctuations; competition;
dilution; the volatility of the our common share price and volume; tax
consequences to U.S. investors; and other risks and uncertainties. Although we
have attempted to identify important factors that could cause actual actions,
events or results to differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events or results not
to be as anticipated, estimated or intended. There can be no assurance that
forward-looking statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking
statements. We are under no obligation to update or alter any forward-looking
statements except as required under applicable securities laws.
Cautionary Note to United States Investors - The information contained herein
and incorporated by reference herein has been prepared in accordance with the
requirements of Canadian securities laws, which differ from the requirements of
United States securities laws. In particular, the term "resource" does not
equate to the term "reserve". The Securities Exchange Commission's (the "SEC")
disclosure standards normally do not permit the inclusion of information
concerning "measured mineral resources", "indicated mineral resources" or
"inferred mineral resources" or other descriptions of the amount of
mineralization in mineral deposits that do not constitute "reserves" by SEC
standards, unless such information is required to be disclosed by the law of the
Company's jurisdiction of incorporation or of a jurisdiction in which its
securities are traded. U.S. investors should also understand that "inferred
mineral resources" have a great amount of uncertainty as to their existence and
great uncertainty as to their economic and legal feasibility. Disclosure of
"contained ounces" is permitted disclosure under Canadian regulations; however,
the SEC normally only permits issuers to report mineralization that does not
constitute "reserves" by SEC standards as in place tonnage and grade without
reference to unit measures.
FOR FURTHER INFORMATION PLEASE CONTACT:
Avino Silver & Gold Mines Ltd.
David Wolfin
President & CEO
604.682.3701
604.682.3600 (FAX)
ir@avino.com
www.avino.com
Avino Silver & Gold Mines Ltd. (TSXV:ASM)
Historical Stock Chart
From Jun 2024 to Jul 2024
Avino Silver & Gold Mines Ltd. (TSXV:ASM)
Historical Stock Chart
From Jul 2023 to Jul 2024
