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.


Avino Silver & Gold Mines Ltd. (TSXV:ASM)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Avino Silver & Gold Mines Ltd. Charts.
Avino Silver & Gold Mines Ltd. (TSXV:ASM)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Avino Silver & Gold Mines Ltd. Charts.