Avino Receives Mining Permits
October 29 2008 - 8:00AM
Marketwired Canada
Avino Silver & Gold Mines Ltd. (TSX
VENTURE:ASM)(OTCBB:ASGMF)(BERLIN:GV6)(FRANKFURT:GV6) (the "Company") is pleased
to report significant progress has been made this year. All permits needed to
mine the San Gonzalo deposit have been received. A Reclamation Plan together
with its associated costs to implement for the newly disturbed ground have been
requested and stipulated in the Environmental Permit granted by SEMARNAT. This
plan is now being developed and addressed for submission.
Marketing of the bulk concentrate is proceeding as planned.
Mill refurbishing based on a flowsheet for the production concentrate has
progressed on schedule during the past three months. The tailings water reclaim
system has been installed and commissioned.
Proposals for the underground development work and crushing of the 10,000 tonne
bulk sample are being solicited. Bidders will be asked to update their quotes
due to the change in current economic conditions.
In the face of the global economic meltdown, it is good to have some good news
at the Avino Mine. Like everyone, we are concerned with the current market
conditions, metal prices, and projected costs. Avino continues to represent a
quality asset with the aim of preserving capital during this very difficult
period. With permits in hand, Avino would be in a good position to take
advantage when economic conditions improve.
ON BEHALF OF THE BOARD
David Wolfin, President
Avino Silver & Gold Mines Ltd. (TSXV:ASM)
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