Vancouver, British Columbia, April 7, 2011 - Vancouver based Avino Silver & Gold Mines (TSX.V - ASM) has completed the sale of 200 tonnes of bulk concentrate from their San Gonzalo bulk sample program in Mexico.
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These shipments, grading 12 kilograms of silver per tonne and 30 grams of gold per tonne, are being shipped by truck to the TMC warehouse in Manzanillo. Three truckloads have already been shipped with the remaining truckloads to follow this week.
Upon completion of the 10,000 tonne bulk sampling, which is expected for early April, the final figures of feed grade, metallurgy and smelter returns will be compiled for analysis. Avino will be making a decision regarding commercial production pending the outcome of this economic analysis. Mining and milling operations will continue during this time.
The company completed a 3 year program of modernization of their mill last year, including a new 250 ton per day circuit to process high grade ore. They are examining various options in order to determine the most cost effective plan to mine the entire San Gonzalo orebody, in order to provide a sustained mill production rate of 250 tonnes per day.
In 2006, Avino completed a Tailings Scoping Study based on a heap leach operation, and has engaged Wardrop Engineering to update the study utilizing a continuous vat leach technology, in order to compare the costs.
Samples of oxide and sulphide tailings were collected last week to determine if the tailings would be amenable to a continuous vat leaching system.
Avina has completed 21 holes of its 2011 drill program, which was designed to both increase their resources and explore new targets, and will release results as they are available.
Founded in 1968, Avino has established a long record of mining and exploration in Mexico. The company is well funded and continues to focus on bringing the property to production.
CONTACT:
Avino Silver & Gold Mines Ltd
www.avino.com
604-682-3701
ir@avino.com (mailto:ir@avino.com)
Investmentpitch.com
Barry Morgan, CFO
bmorgan@investmentpitch.com
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Source: InvestmentPitch via Thomson Reuters ONE
