Avino Silver & Gold Mines Ltd. (TSXV:ASM,NYSEMKT:ASM,FWB:GV6) provided an update on its San Gonzalo mine in Mexico: underground development continues to extend the decline from level 4 to level 5, and new equipment has been purchased. The Company also announced channel sample results.
As quoted in the press release:
The decline has advanced approximately 320 metres with 47 metres remaining to reach the level 5 elevation of 2,130 metres.
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
Avino staff channel sample the face after each round. These samples are analyzed for silver, gold, copper, lead and zinc by fire assay and AA methods at the Company’s lab at the mine, providing an estimate of vein width and grade.