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Avino Silver & Gold Mines Ltd.
Summary
| Project: | Bralorne | |
|---|---|---|
| Deposit: | Bralorne | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/21/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 21-10-2016: Avino Silver & Gold Mines Ltd. announces a Resource Estimation report for its Bralorne deposit at the Bralorne project. Updated resource estimate. The purpose of this report is to update the resource estimates for the Bralorne Mine property. T | |
| Resources: | (Resource, M+I): 0.273123Mt 10.2g/t Au for 91,528 oz contained | |
| CP/QP: | [Resources]: Garth Kirkham (Kirkham Geosystems Ltd.) | |
| ABSTRACT: | The purpose of this report is to update the resource estimates for the Bralorne Mine property. This serves to document the steps from the raw drillhole data through to the classified resource for the October 2016 resource update. This section describes the work undertaken by Kirkham Geosystems, including key assumptions and parameters used to prepare the mineral resource models for various veins deposits together with appropriate commentary regarding the merits and possible limitations of such assumptions. Mineral resource estimates at the Bralorne property are typical of gold vein deposits characterized by high nugget-effect. The classification and reporting of mineral resources for these types of deposits are such that diamond drilling alone generally results in identification of Inferred Resources, and close-spaced in-fill drilling and underground development and/or bulk sampling/trial mining are required to define Measured and Indicated Resources. Vein type deposits are generally not well suited to geostatistical estimation (ordinary kriging) as drill spacing is not sufficiently dense to allow robust variogram modeling and a therefore a geometric estimation approach has been chosen. The estimates described below are for Mineral Resources and are categorized as Measured, Indicated or Inferred. The classification is according to the CIM Definition Standards on Mineral Resources and Mineral Reserves, as adopted May, 2014. The estimates are not categorized as Mineral Reserves as they do not take into account mining outlines or mining recovery. However, a reasonable requirement of a minimum mining width is incorporated in the estimate by compositing assays to 1.2 metres (4 feet). The resources so not take into account dilution and mining losses which will be the subject of future studies. | |
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