Avino Silver & Gold Mines Ltd. (TSXV:ASM,NYSEMKT:ASM,FWB:GV6) announced continued underground development extending the decline from level 4 to level 5, the purchase of new equipment from Caterpillar, and channel sample assay results.
As quoted in the press release:
This week, Avino received several new pieces of equipment from Caterpillar which will speed up the ramp advance to level 5. The new equipment was purchased using Avino’s new credit facility through Caterpillar announced in the news release dated December 20th, 2012. The new equipment includes:
• Scoop tram
On the level 4 (elevation 2,175 metres) of the San Gonzalo mine, Avino has been mining both to the NW and SE of the bottom of the old shaft. Avino now has sample assay results from 157 metres of the vein NW of the shaft and 197 metres SE of the shaft. Avino is still waiting for assays from approximately 32 metres at the end of the SE section.
The overall lengths shown in the Nov 1, 2012 news release have been re-calculated over shorter more detailed lengths in order to facilitate stope design.