Avino Silver & Gold (TSXV:ASM) President David Wolfin Interviewed by Ted Ohashi - Video Posted on InvestmentPitch.com
(Thomson Reuters ONE) -
Vancouver, British Columbia, June 21, 2011 - Avino Silver & Gold Corp (TSXV:ASM)
President David Wolfin is interviewed by InvestmentPitch.com's Ted Ohashi at the
New York Hard Asset Show.
To view the video of the interview of David Wolfin, click here. If the link is
not enabled, please visit www.investmentpitch.com and enter "AvinoNY" in the
search box.
Avino Silver & Gold Mines is an experienced, Vancouver based mining and
exploration firm with properties in Mexico and Canada.
The company'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. Since 2007, Avino has invested in extensive rehabilitation and
modernization of the mill.
Current metal markets and high-grade discoveries on the property's San Gonzalo
vein have greatly improved the economics and feasibility for potential
production.
The San Gonzalo Bulk Sample program was completed on April 2, 2011. A total of
10,519 tonnes of ore was processed for the production of 232 tonnes of
concentrate of which 209 wet tonnes were shipped and sold to MRI Trading AG. The
final invoice for the sale was completed on June 1st where the average May gold
and silver metal prices were used to calculate the final invoice for proceeds of
$1,831,544. All the information pertaining to the bulk sample program has been
forwarded to an independent engineering firm for verification of the bulk sample
results. These results will be made public as soon as received, with an
operational decision expected thereafter.
With the completion of the bulk sample program, processing of the San Gonzalo
development ore continued until May 13th. Approximately 400 tonnes of
concentrate have been produced from development ore and is available for sale.
Request for proposals for the sale of this material is being solicited.
Since May 18th the plant has been processing stockpiled copper ore from past
mining of the Avino vein. There is approximately 17,000 tonnes available and
will take 4 months to process.
Avino's recent equipment acquisitions include a Cat 922 loader and D6 bulldozer.
There are also plans to purchase other underground equipment in order to reduce
downtime experiences from the use of the contractor's equipment.
Proposals to supply grid power to San Gonzalo are being evaluated and a decision
will be made soon. Fresh water supply from Avino's Galeano well was reactivated
in May. The major costs for this work were the electrical supplies and pumps.
Underground development is proceeding, two stopes (2-080 and 2-200) are
currently producing ore which is being stock piled while the mill completes
processing the remaining copper-silver-gold ore currently stockpiled from past
mining.
CONTACT:
Avino Silver & Gold Mines Ltd
www.avino.com
604-682-3701
ir(at)avino.com
InvestmentPitch.com
Barry Morgan, CFO
bmorgan(at)investmentpitch.com
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Source: InvestmentPitch via Thomson Reuters ONE
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Datum: 21.06.2011 - 22:40 Uhr
Sprache: Deutsch
News-ID 55740
Anzahl Zeichen: 3927
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Kategorie:
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