Avino Prepares for the 10,000 Tonne Bulk Sample
December 01 2009 - 12:29PM
Marketwired
Avino Silver & Gold Mines Ltd. (the "Company") (TSX VENTURE:
ASM)(OTCBB: ASGMF)(BERLIN: GV6)(FRANKFURT: GV6) is pleased to
announce contract terms have been finalized with Desarrollo Minero
Guadalupe S.A. de C.V. (DMG) for the mining of the 10,000 tonne
bulk sample from the San Gonzalo deposit.
Mobilization of equipment has been initiated with the arrival of
a diesel generator, scoop tram and 2 air compressors. Explosives
have been ordered and will be arriving on site later this week.
The mining contract will include collaring of the portal,
driving about 1,000 meters of development consisting of a decline,
crosscuts and raises and the extraction of 10,000 tonnes of
mineralized vein material. It is expected this contract will be
extended with mining operations to continue in the event the bulk
sampling program results in positive cash flow.
Discussions with the power authority (CFE) to have the required
power for the 250 tpd operation reinstated have been positive. The
required electrical repairs to meet the Mexican standards and code
as recommended by CFE is close to completion. The reassembly of the
cone crusher is the major outstanding item in the completion of the
250tpd circuit.
Key personnel are being sourced and recruited as the project
advances from exploration to development of mining and milling
operations.
ON BEHALF OF THE BOARD
David Wolfin, President
This release contains statements that are forward-looking
statements and are subject to various risks and uncertainties
concerning the specific factors disclosed under the heading "Risk
Factors" and elsewhere in the Company's periodic filings with
Canadian securities regulators. Such information contained herein
represents management's best judgment as of the date hereof based
on information currently available. The Company does not assume the
obligation to update any forward-looking statement.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Avino Silver & Gold Mines Ltd. David Wolfin
President 604.682.3701 604.682.3600 (FAX) ir@avino.com
www.avino.com
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