Vancouver, British Columbia, February 6, 2011 - Jay Taylor, Editor of J. Taylor's Gold, Energy & Tech Stocks Report, and Publisher at www.jaytaylormedia.com interviews David Wolfin, President & CEO of Avino Silver & Gold Mines Inc. (TSX.V - ASM) (OTCBB - AGMF).
This video (http://www.investmentpitch.com/media/771/Avino_Silver_amp;_Gold_Mines_-_Face_The_Analyst_-_TSX.V:_ASM/) is one of Jay Taylor's "Face the Analyst" series of interviews, and is available for viewing on investmentpitch.com. If this link is not enabled, please visit www.investmentpitch.com and enter "Avino" in the search box.
Avino's primary goal is to reactivate the Avino silver-gold-copper-zinc-lead mine in Mexico, which Avino operated for 27 years beginning in 1974. Low metal prices and the closure of a key smelter forced the operation to close in 2001.
Current metal markets and high-grade discoveries on the property's San Gonzalo vein have greatly improved the economics and feasibility for potential production.
Since 2007, Avino has invested in extensive rehabilitation and modernization of the mill. A 10,000-tonne bulk sample in 2010 is expected to move the project closer to a production decision.
On February 2, 2011, Avino Silver and Gold Mines Ltd. reported the following update on mining and milling operations for the past 3 months.
The processing of surface stockpiles of copper ore to test the new mill facilities was completed in October 2010. Approximately 17,500 tonnes were treated resulting in 419 tonnes of concentrate. Recovery rates were 66% Gold, 58% Silver and 56% copper. The sale of this concentrate has been finalized with a payment of US$1,016,680.00
In November, following the relining of the ball mill and the changeover of several conveyor belts in the crushing plant, processing of the San Gonzalo development material began with a daily treatment rate of approximately 180 tonnes per day. This rate was maintained until the development material was finished on January 14, 2011. During this period, a total of 5,896 tonnes of development ore was processed for the production of 192 tonnes of concentrate grading 11.54g/t gold, 3.617kg/t silver with minor amounts of copper, lead and zinc. Feed grade averaged 205g/t Ag and 0.78g/t Au. Plans are being formulated and plant testing will continue to determine the optimum process conditions in order to improve the recoveries.
With an inventory of approximately 200 wet tonnes of bulk concentrate, proposals are currently being sought from various interested parties for the sale of the product.
Development for the extraction of the 10,000 tonne bulk sample was completed by the mining contractor (DMG) in early January. The main Stope 2-140 has approximately 6350 tonnes ready for drawdown and there is approximately 4700 tonnes on stockpile near the crushing plant. The smaller stope to the West where a cut and fill mining method is used has the potential for additional mill feed with further development. The broken ore inventory to date will provide approximately 4 months of mill feed at the current milling rate. Plans are now in place to develop the zone to the East on level 2260 towards drill hole SG-07-33 for future mill feed. This is a wide structure with good potential.
Following a complete overhaul of Avino's longyear 44 drill and a new drill contract for personnel and materials, Avino started its regional exploration drill program on January 27 and the first hole SG-11-01 was finished January 30th. The hole was drilled on bearing 215,dip 60 length 88.75 m and successfully intersected the San Gonzalo structure from hole 80.90 to 83.40m east of the area currently being mined.
For more information on Avino Silver & Gold Mines, please visit the company's website at www.avino.com (http://www.avino.com/) or contact Bill Bowker at 604-682-3701, or bbowker@avino.com (mailto:bbowker@avino.com).
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