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Avino Silver & Gold Mines (TSXV:ASM) (NYSE AMEX:ASM) Intersects 142 Grams Per Tonne Silver over 28.8 Metres at Avino Mine in Mexico - Video Summary Posted on

April 6, 2012 -

Vancouver, British Columbia, April 5, 2012 - Vancouver based Avino Silver & Gold Mines (TSXV:ASM) (NYSE AMEX:ASM) announced results from the first hole of the 2012 drill program on the Elena - Tolosa zone in Mexico. The hole intersected 142 grams per tonne silver and 0.352 grams per tonne gold, along with 0.481% copper over 29 metres, starting at the 246 metre level. has produced a ""video news alert"" which provides a summary of this news. If this link is not enabled, please visit and enter ""Elena-Tolosa"" in the search box.
This hole is the first of a 11 hole program to explore an area of the main Avino vein system below the 12th level of the mine, where the company ceased mining in 2001 due to low metal prices and closure of a key smelter. The drill is currently on hole #5 and results will be released as they are received. A detailed map showing all the holes is available on the company's website.
At the time of the closure, mine staff reported non NI 43-101 compliant resources of 1.7 million tonnes at 100 grams per tonne silver, 0.92 grams per tonne gold, and 0.63% copper, mostly below level 11.
In February, Avino announced a new agreement allowing the company to once again mine the main Avino vein.
The company stated that the 2012 drill program on the Avino vein is intended to increase confidence in the resource as well as to expand tonnage and is the first step towards bringing the mine back on line. When the 2012 drill program is completed, the new results will be combined with results from the 30 holes drilled between 2006 and 2012, to compute a new NI 43-101 compliant resource estimate of the potential below the 12th level.
The company's property is located 80 kilometres northeast of Durango, Mexico, in the heart of the Sierra Madre Silver Belt.
Avino has operated continuously in Mexico since 1968, including a period in which the Avino Mine produced for 27 years.
A short distance from this project, the company is actively developing the 3rd, 4th and 5th levels of the mine at the San Gonzalo zone.
Avino expects to commence full commercial production at 250 tonnes per day at its mill, once enough mill feed from the San Gonzalo zone is stockpiled at the surface. At the end of 2011, there was approximately 8,500 tonnes stockpiled.
Managements believes that all three of these items will play an important role in Avino's goal of becoming a multi-million ounce annual silver producer.
The shares currently trade at $1.90, and with approximately 27 million shares outstanding, the company is capitalized at $51 million. Avino remains in good financial position; is debt free and well-funded to continue its development plans.
For more information, please visit Avino's website at, phone 604-682-3701 or email, a multimedia company that provides a combined solution for creating and hosting financial video content, and distributing it across multiple platforms to investors and financial professionals, specializes in producing short three minute videos based on significant news releases and research reports.
Barry Morgan, CFO

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Source: InvestmentPitch via Thomson Reuters ONE


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