Avino Provides Update on San Gonzalo Bulk Sample and 2011 Drill Program
February 18 2011 - 8:00AM
Marketwired
Avino Silver & Gold Mines Ltd. (TSX VENTURE: ASM)(OTCBB:
ASGMF)(BERLIN: GV6)(FRANKFURT: GV6) is pleased to announce that
processing of the San Gonzalo bulk sample began on January 18,
2011. The monthly totals to February 11th, were 1550 tonnes milled
for production of 47 tonnes of concentrate grading 8.4 kg/t silver.
Average month to date silver feed grade for February was 329 g/t at
77% recovery. This feed grade result is similar to the estimated
resource grade of 332 g/t in the NI 43-101 report by Orequest 2009.
Gold results are pending from the accredited lab of SGS in Durango,
Mexico. Silver assays are from the on-site laboratory using aqua
regia digestion followed by AA spectroscopy. Weekly check samples
for silver and gold are sent to SGS, Durango.
Silver recovery of 77% was an improvement over January results
of 70% when 1793 tonnes were processed for the production of 72
tonnes of concentrate grading 5 Kg/t silver and 28.3 g/t gold. The
mineralized zone where the bulk sample has been extracted is
partially oxidized and near the surface. Efforts are continuing to
be made at the plant to improve the recovery.
The test marketing of the concentrate is currently underway. All
interested parties have been sent samples for evaluation. Proposals
are expected soon with a decision to be made late February or early
March.
As announced in the February 2nd news release, Avino's 2011
drill program started January 27 and by February 11th the first 3
core holes totaling 341 m had been completed. All three holes
targeted the San Gonzalo vein between the presently mined area and
the intersection in hole SG-07-33. (116.15m - 122.7 m (6.55 m down
hole) 0.76 g/t gold and 141 g/t silver).
The holes intersected the San Gonzalo vein as follows:
--------------------------------
SG-11-01 76.75 - 79.80 m
--------------------------------
SG-11-02 119.8 - 122.45 m
--------------------------------
SG-11-03 80.95 - 83.50 m
--------------------------------
(all down holes lengths)
Locations of the holes can be viewed on plan and section maps on
Avino's website, http://www.avino.com/i/pdf/AvinoNRFeb0211.pdf.
Assay results from these holes are not yet available.
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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