Avino Completes New Resource Estimate for Producing Property in Mexico

Avino Silver & Gold Mines (TSXV:ASM) has announced the completion of an updated NI 43-101 compliant resource estimate from the company’s Avino Property located near Durango in west-central Mexico.
As quoted in the press release:

The new estimate encompasses the property’s San Gonzalo Mine, the main Avino Mine system, and the property’s oxide tailings. The estimates have been included in an updated NI 43-101 compliant technical report prepared by QG Australia Pty Ltd., and this report will be available on SEDAR within 45 days.
“This new resource estimate highlights the important progress we’ve made since the last resource estimate” said Avino President and CEO, David Wolfin. “During the past ten years, our mine site exploration efforts have been successful, consistently identifying new resources.”
Mr. Wolfin noted that the Company’s investment in resource expansion will continue to grow. “Exploration and development spending at Avino’s Mexico operations has averaged $4.6 million annually since 2006,” he said. “Going forward, we will continue our efforts to expand and further define resources at the Avino mine while conducting exploration on strategically located targets through the entire Avino property.”
The following is a summary of current resources at the San Gonzalo and Avino Mines, as well as the updated oxide tailings resource, grouped into the measured, indicated and inferred categories. The effective date of the resource estimates is August 31, 2016.
The resource estimates were prepared by Michael O’Brien P.Geo., Pr.Sci.Nat., who is a “Qualified Person” within the meaning of National Instrument 43-101 and who is an employee of QG Australia Pty Ltd (an ARANZ Geo Company) and independent of Avino, as defined by Section 1.5 of NI 43-101.

Click here to read the full press release.