🕐28.01.10 - 17:44 Uhr
Avino Silver & Gold Mines Ltd - SAN GONZALO BULK SAMPLE UPDATE
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TSX Venture: ASM OTCBB: ASGMF Frankfurt/Berlin: GV8 /WKN 862191
52-week range $0.38 - $0.99 Shares Outstanding 20,584,727
Investor Relations: 604.682.3701 | |
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SAN GONZALO - BULK SAMPLE UPDATE
Avino Silver & Gold Mines Ltd.
(the "Company") is pleased to provide the following update on the San Gonzalo bulk sampling program.
A significant milestone was achieved yesterday with the acceptance of the power proposal provided by Comision Federal de Electricidad (CFE).
Plans are in place to have the power transmission lines reconnected in the first week of February in order to service the 250tpd milling operation.
Testing all the processing equipment on a dry run basis will commence shortly to test all electrical and mechanical equipment for deficiencies and assess and correct as necessary the mills operation prior to testing with actual feed. The plan is to process stockpiled ore from past years for commissioning. Flotation tests on sample material is currently taking place at lab facilities of SGS in Durango; results are pending.
DMG, the mining contractor, has made good progress to date on the ramp and decline to intersect the San Gonzalo vein.
As of January 25th, an advance of 58 meters from the portal entrance has been completed with approximately 204 meters to go. At the current rate we expect to reach our target by approximately the end of March.
Construction of the mine office, mechanical shop, the fuel storage and the related containment structure near the entrance to the decline were started last month and should be completed within the next two weeks.
Key personnel hired since our last news release includes a Mining Engineer whose responsibility will be to monitor the ongoing development of the mine and the Mining Contractor. We expect to have a Plant Manager and assayer within the next two months.
ON BEHALF OF THE BOARD
David Wolfin ______________________________ David Wolfin President
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.
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 Companys
periodic filings with Canadian securities regulators.
Such information
contained herein represents managements 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. | |
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