Avino Reaches Operational Milestone
August 23 2010 - 8:30AM
Marketwired
Avino Silver & Gold Mines Ltd. (TSX VENTURE: ASM)(OTCBB:
ASGMF)(BERLIN: GV6)(FRANKFURT: GV6) is pleased to announce that it
has entered into an agreement with MRI Trading AG for the sale of
all the copper concentrates produced from stockpiled material that
remains on-site from previous mining. This material is currently
being used to commission the refurbished 250tpd mill circuit in
preparation for the treatment of the 10,000 tonne bulk sample from
the underground development at San Gonzalo slated for later this
year.
The terms of the agreement are to deliver 400 to 600 tonnes of
concentrate containing approximately 50 to 70 tonnes of copper,
20,000 to 30,000 ounces of silver and 150 to 200 ounces of gold. To
date six truckloads weighing over 200 tonnes have been delivered to
the TMC warehouse at the Port of Manzanillo.
The sale of this concentrate will add to Avino's cash position
and help offset a portion of the on-going monthly operational
costs.
In the month of July, the process plant treated approximately
4600 tonnes of ore for the production of 18 tonnes of copper, 8005
ounces silver and about 50 ounces of gold. These are plant
operating figures and are subject to reconciliation once the
concentrate shipment weights and assays have been finalized.
Underground development in July at San Gonzalo consisted of a
total of 108 metres in both the 2306 and 2260 levels with the
removal of 980 tonnes of development ore for future testing.
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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