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2006 & 2007 Drill Hole results:
Reserves & Resources: The Avino mine was once described by Spaniards as a "mountain of silver." Indeed, the mine first opened in the 1500s and reportedly supplied considerable wealth to Spain for hundreds of years. It has operated intermittently ever since, including 27 years by Avino Silver & Gold Mines. The mine shut down in 2001 due to low silver prices and closure of a key smelter.
Technical Review of The Avino Silver and Gold Avino Mine Mines LTD Located in Durango State, Mexico Order of Magnitude Estimate By: H. C. Osborne and Associates Avino has embarked on a four-pronged strategy to: 1) Explore and expand resources in the surrounding concessions; 2) Expand the current mine resource; 3) Re-furbish and upgrade the mine for re-opening; 4) Exploit the large tailings resource. New Drilling, New Zones Although the mine has a long production history, significant resources remain in the primary vein system and also in surrounding mineral zones. Recent drilling by Avino has encountered significant new mineralization in zones originally identified during an exhaustive investigation by mining giant LuisMin S.A. de C.V. in 1993. In 2006 and 2007, we drilled 44 holes and nearly 11,000 feet. Targets were identified by LuisMin and also by an 80 km line deep penetrating IP survey conducted by Peter E. Walcott and Associates in 2006 Drilling to Test Three Primary Zones Luismin observed that the Avino deposit had three main ore zones - San Luis, El Trompo (La Gloria/Hundido) and Chirumbo - which rake to the west and are open at depth. A drilling program in summer 2006 successfully tested the continuity down dip below the existing workings of the three principal vein systems. Assay results and details were reported in Avino's December 15, 2006 News Release Successful Drilling at San Gonzalo The very positive San Gonzalo results in 2006/2007 illustrate the excellent potential for new discoveries throughout the property. Grades at San Gonzalo are generally higher than those of the Avino vein where most of the historic mining has occurred. Further drilling on this very promising zone may lead to calculation of an NI 43-101 compliant resource in the near future. Extensive drilling is planned for 2007 and 2008. 27-Year History of Operation Avino Silver and Gold Mines and Cia Minera Mexicana de Avino operated the mine from 1974 until 2001. During this time, the mine produced:
Significantly Improved Markets At shutdown, when silver sold for around $4.40 per ounce and gold about $270 per ounce, the Avino Mine essentially broke even. Today, with metals prices having more than doubled, studies show the mine should operate profitably with improvements to equipment and infrastructure.
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