Avino Assays Up to 0.80m of 5,522 g/t Ag & 1.304 g/t Au at San Gonzalo
September 28 2010 - 12:35PM
Marketwired
Avino Silver & Gold Mines Ltd. ("Avino") (TSX VENTURE:
ASM)(OTCBB: ASGMF)(BERLIN: GV6)(FRANKFURT: GV6) is pleased to
provide an update of the ongoing underground development at its San
Gonzalo project at the Avino property in Durango, Mexico.
Avino's mine contractor DMG have been driving two declines, the
upper level 1 (2306m elevation) and lower level 2 (2260m
elevation). Both levels intersected the San Gonzalo vein, Level 2
has intersected the San Gonzalo vein and a splay vein. These are
known as San Gonzalo vein 1 and San Gonzalo. They are shown on a
plan map on Avino's website.
DMG drifted along both San Gonzalo and San Gonzalo 1 on both
levels 1 and 2. To the northwest both levels broke in to the old
San Gonzalo workings and DMG are now driving a raise to connect the
two levels.
Avino is pleased with the mineable widths and excellent grades
found to date on SG1 in our underground development program.
Avino has now outlined the areas on the San Gonzalo vein 1 where
stope preparation for production will commence in the next few
days. As shown on the plan map on Avino's website these are from
west to east.
---------------------------------------------------------------------------
Length
along vein Width Gold Silver Lead Zinc Copper
(metres) (metres) (g/t) (g/t) (ppm) (ppm) (ppm)
---------------------------------------------------------------------------
21.04 2.83 1.146 394 3580 3112 502
---------------------------------------------------------------------------
(includes sample 146299 Line 19)
---------------------------------------------------------------------------
0.80 1.304 5523 4330 944 833
---------------------------------------------------------------------------
(includes sample 156260 Line 11)
---------------------------------------------------------------------------
0.75 0.792 1965 14300 6740
---------------------------------------------------------------------------
(includes sample 156238 Line 9)
---------------------------------------------------------------------------
0.70 1.731 1652 11600 3257
---------------------------------------------------------------------------
27.24 2.41 1.231 342 4999 2202 442
---------------------------------------------------------------------------
(includes sample 155633 Line 12)
---------------------------------------------------------------------------
0.90 0.960 1093 6990 1980
---------------------------------------------------------------------------
11.37 1.61 1.752 532 9651 11438 1605
---------------------------------------------------------------------------
(includes sample 155679 Line 18)
---------------------------------------------------------------------------
0.80 1.798 2054 3040 1070
---------------------------------------------------------------------------
The full sampling results can be viewed on Avino's website.
Samples are from channels cut across the San Gonzalo 1 vein. The
samples were assayed by Inspectorate Labs. Samples were crushed and
ground in Durango with pulps assayed in Richmond BC using fire
assay and AA finish for gold, four acid digestion and AA for most
silver with fire assay and gravimetric finish for very high silver.
Aqua Regia digestion and ICP for base metals.
Once shrinkage stopes are operating these areas will supply feed
for a 10,000 tonne bulk sample. Avino's 250 tonne per day circuit
in the mill has been operating on stockpiled ore from the main vein
for approximately 6 months and is ready to receive feed from the
San Gonzalo development.
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 & Chief Executive Officer
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 & Chief Executive Officer 604.628.3701 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