Avino Announces Updated Positive Preliminary Economic Assessment for the 'Oxide Tailings'

Avino Silver & Gold Mines (ASM: TSX.V, ASM: NYSE – MKT, GV6: FSE, “Avino” or “the Company”) is pleased to announce that it has completed an updated Preliminary Economic Assessment (“PEA”) of retreating the Avino mine tailings in Durango, Mexico, which includes the results from the Company’s recent 2016 Resource Estimate (see news release dated September 26, 2016) for the Avino property which included the San Gonzalo Mine, the main Avino Mine system, and the property’s Oxide Tailings.
As quoted in the press release:

Mr. David Wolfin, President and CEO stated, “We are extremely pleased with the very attractive economics of the Oxide Tailings Resource PEA.  These positive results will enable us to plan the next steps, identify any additional studies and move forward in advancing the oxide tailings project.  We intend to follow the recommendations contained in the Technical Report, which will include the pre-feasibility phase, and we continue to review alternative approaches for the storage of existing tailings.”

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