The Conversation (0)
Avino Silver and Gold Mines Ltd. (TSXV:ASM,NYSE:ASM,OTCBB:ASGMF,FWB:GV6) has sold all its remaining copper concentrate produced in 2011 from stockpiles of material left from previous mining of the Avino Vein located on Avino’s property near Durango, Mexico, and announced the 60% completion of construction of the power line from the existing substations serving the mill and Avino mine to the San Gonzalo portal.
As quoted in the press release:
SALE OF CONCENTRATE
Avino is pleased to announce the sale of all its remaining copper concentrate produced in 2011 from stockpiles of material left from previous mining of the Avino Vein located on Avino’s property near Durango, Mexico. The concentrate grades approximately 2.2 kg/t silver and 25 g/t gold.OPERATIONAL UPDATE
Milling operations are continuing with the processing of the old Avino vein stockpiles at the rate of approximately 180 tpd. The feed grades are highly variable depending on the location of the material. Typical silver feed grade ranges from 60 to 120 g/t and gold from 0.6 to 1.5 g/t.
The Company is also pleased to report the construction of the power line from the existing substations serving the mill and Avino mine to the San Gonzalo portal is 60% complete. The approximate distance of the power line once complete will be 2 km.
With regards to the mine development work at San Gonzalo, the Company is pleased to report the ramp to level 3 has been reached and work on the crosscut to the vein is currently in progress. In addition work on the ramp to level 4 will continue as well.
Click here to read the Avino Silver and Gold Mines Ltd. (TSXV:ASM) press release
Click here to see the Avino Silver and Gold Mines Ltd. (TSXV:ASM) profile.