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Avino Silver & Gold Mines Ltd.
Summary
| Project: | Avino | |
|---|---|---|
| Deposit: | Oxide Tailings | |
| Location: | Mexico | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 4/11/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Active Mining & Production | |
| Report details: | 11-4-2017: Avino Silver & Gold Mines Ltd. announces a PEA report for its Oxide Tailings deposit at the Avino project. PEA results incl. post-tax NPV (5%) of US$28.01M, IRR of 32%, LOM of 7yrs. Avino Silver & Gold Mines Ltd. (Avino) is a Canadian-based min | |
| Resources: | (Resource): 1.33Mt @ 124g/t AgEq. (Ind.) and 1.81Mt @ 113g/t AgEq. (Inf.) at Oxide Tailings | |
| 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 TSX Venture Exchange (TSXV) and the NYSE-MKT with precious metal properties in Mexico and Canada. The Avino Mine (the Property or the Project), near Durango, Mexico, is Avino’s principal asset. This Preliminary Economic Assessment (PEA) Update Technical Report focuses on the technical and economical assessments of the oxide tailings, including the Mineral Resource estimates on the oxide tailings, as well as the Avino and San Gonzalo veins (QG Australia (Pty) Ltd. (QG Consulting) 2016). 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. This PEA update mainly focuses on the recovery of the silver and gold from the oxide tailings. This report includes a summary of material information concerning a PEA conducted on part of the Property by Tetra Tech Canada Inc. (Tetra Tech) (formerly Tetra Tech WEI Inc.) and filed in 2013 and the Mineral Resource estimates from Aranz Geo Expert Services (Aranz) (formerly QG Consulting) (QG Consulting 2016). | |
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