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Avino Silver & Gold Mines Ltd.
Summary
| Project: | Avino | |
|---|---|---|
| Deposit: | Avino | |
| Location: | Mexico | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 12/21/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 21-12-2018: Avino Silver & Gold Mines Ltd. announces a Resource Estimation report for its Avino deposit at the Avino project. Amended Mineral Resource Estimate Update for the Avino Property. Avino Silver & Gold Mines Ltd. (Avino) is a Canadian-based minin | |
| Resources: | (Resource, M+I): 10.66Mt @ 77g/t Ag, 0.63g/t Au, 0.37% Cu at project | |
| CP/QP: | [Resources]: Michael O'Brien (ARANZ Geo Ltd.) | |
| ABSTRACT: | Avino Silver & Gold Mines Ltd. (Avino) is a Canadian-based mining and exploration company listed on the Toronto Stock Exchange (TSX) and the NYSE-American with precious metal properties in Mexico and Canada. The Avino Mine (the Property or the Project), near Durango, Mexico, is Avino’s principal asset and is the subject of this Technical Report, which includes a current Mineral Resource estimate for the Avino Veins at the Elena Tolosa Mine (ET), San Gonzalo Veins at the San Gonzalo Mine (SG) and for the oxide tailings deposit. Avino holds a 99.67% interest in the Property through its subsidiary companies called Compañía Minera Mexicana de Avino, S.A. de C.V. (CMMA) and Promotora Avino, S.A. de C.V. Avino commenced development, including drilling and bulk sampling, on the San Gonzalo Vein in 2010 and this work is ongoing. This marks the resumption of activity on the Property since 2001, when low metal prices and the closure of a key smelter caused the mine to close after having been in operation continuously for 27 years. Between 1976 and 2001, the mine produced approximately 497 t of silver, 3 t of gold, and 11,000 t of copper (Slim 2005a) as well as an apparently undocumented amount of lead. The majority of the information has been sourced from the data provided by Avino: Avino internal reports; Tetra Tech (2013); Tetra Tech (2017); Slim (2005d), and Gunning (2009). The majority of the information was provided in English, but some information was written in Spanish and subsequently translated into English. The purpose of this report is to support an updated Mineral Resource estimated as a result of modified current metal price parameters, new drilling information at the ET Mine (Avino and San Luis) and improved interpretation of the San Gonzalo mineralization trends. There has been no change to the oxide tailings estimate. | |
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