Avino Sells First 200 Tonnes of Concentrate From San Gonzalo Bulk Sample Program
April 06 2011 - 9:00AM
Marketwired
Avino Silver and Gold Mines Ltd. (TSX VENTURE: ASM)(OTCBB:
ASGMF)(BERLIN: GV6)(FRANKFURT: GV6) has completed the sale of 200
tonnes of bulk concentrate produced from their bulk sampling
program to MRI Trading AG. Three truckloads have already been
shipped to the TMC warehouse in Manzanillo with the remaining
truckloads to follow this week. The concentrate grades
approximately 12kg/t silver and 30g/t gold.
Completion of the 10,000 tonne bulk sampling is expected in
early April and the final figures of feed grade, metallurgy and
smelter returns will be compiled for analysis. A commercial
production decision will be made pending the outcome of this
economic analysis. Mining and milling operations will continue
during the economic analysis process.
The proposed in house mine plan options are currently undergoing
review. The aim is to select the most cost effective plan to mine
the entire San Gonzalo orebody and to provide a sustained mill
production rate of 250 tonnes per day. A development schedule
together with the selected mining method will be made once the
review has been completed.
Avino has also engaged Wardrop Engineering to update the 2006
Tailings Scoping Study where the cost estimates were based on a
heap leach operation. The updated study will utilize the continuous
vat leach technology (CVL) in the revised cost estimates for
comparative purposes. Samples of oxide and sulphide tailings were
collected last week to determine if the tailings characteristics
would be amenable in a CVL system.
Further to our February 2nd news release announcing the start of
Avino's 2011 drill program, 21 holes have been drilled to date.
Samples have been sent to Inspectorate Labs in Durango, Mexico.
Results will be released as they are available.
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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