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April 23, 2013
Avino
Expansion Update
Avino Silver & Gold Mines Ltd. (ASM:
NYSE - MKT, ASM: TSX.V; "Avino" or
"the Company") is
pleased to announce the following
expansion update from its Avino Mine
located on Avino property located
80km northeast of Durango, Mexico.
"Having just returned from a week at
the mine site, I am extremely
pleased with the progress being made
at the Avino Mine and the mill
complex; with the closing of the two
financings in February, we are in
great shape to complete our
expansion within 2014, as planned."
- David Wolfin, President, CEO &
Director, Avino Silver & Gold Mines
Ltd.
Avino Mine Expansion
-
Dewatering (93% Complete)
The Avino Mine is now dewatered
down to level 10.5 with one more
level to go before the area
where mining ceased in 2001 is
reached. At the current
dewatering rate, it is
anticipated that mining can
commence in the 3rd Quarter or
possibly sooner pending
completion of dewatering.
-
Main Haulage Ramp Rehabilitation
(85% Complete)
The ramp in general is in very
good condition as the host rock
is very competent; areas where
sloughing has occurred are being
stabilized with steel and timber
sets and sprayed with shotcrete.
The rehabilitation has kept pace
with dewatering so once
dewatering in the final level is
complete the final
rehabilitation will be swift.
-
New Underground Mining Equipment
(Received)
New Oldenberg single boom jumbo
and Caterpillar RG 1600 six yard
scoop tram have been purchased
using the Caterpillar credit
facility; this equipment is in
addition to a scoop tram and air
compressor that were previously
purchased for the rehabilitation
work.
-
2 New Portable Mine Offices
(Received)
-
5 New Personnel Mine Diesel
Trucks (Received)
Process Plant Expansion
1500 TPD Crushing Area
-
New 150 tonne live capacity
coarse ore bin has been
completed.
-
Pioneer 30x42 jaw crusher has
been completely rebuilt, tested
and installed on its new
foundation.
-
Feeder from new coarse ore bin
to the Pioneer jaw crusher and
additional conveyor belts to
complete the crushing circuit
configuration are currently
being installed.
-
New scalping screen and product
screen have been purchased and
awaiting delivery for
installation.
-
New self-cleaning magnet and
metal detector over the existing
jaw crusher discharge conveyor
have been installed and are in
service.
Grinding Area
-
Repairs to the large 11x15 Marcy
ball mill in circuit 3 have been
completed. Rubber liners will be
installed following delivery.
-
New pump box and a pair of 8x6
cyclone feed pumps have been
installed together with their
dedicated classification
cyclones.
-
A new electrical starter and
clutch for the ball mill have
been ordered.
Flotation Area
-
Repairs to the existing bank of
3 Outokumpu 3,900 cubic foot
flotation cells have been
completed. They have been fitted
with new mechanisms.
-
Related launders and piping for
individual concentrates have
been routed to their individual
pump boxes fitted with vertical
2.5" Galigher pumps.
-
New scavenger and cleaner cells
have been fabricated using
existing available spare parts
to complete the flotation
section of the mill circuit.
-
New blower has been ordered to
service the new flotation cells.
Dewatering Area
-
Existing 40 foot water reclaim
tank will be used for thickening
the concentrate of Circuit 3.
-
Currently reviewing and
evaluating proposals for the
thickener mechanism.
-
New concentrate filter press
from Bilfinger has been ordered.
Delivery from Europe will be in
late April/May.
-
Engineering of the layout and
foundations for the press are
presently in progress.
Infrastructure
Power Line Construction
Discussions with CFE, the Mexican
electrical utility company, on the
new 34.5kv power line have been
completed along with the study
covering the proposed location of
the towers and power poles.
Permitting and consultation
discussions with the Ejidos have
been taking place and the initial
feedback has been favorable.
Construction of the power line will
proceed once permits are in place
and any negotiations with the Ejidos
affected by the new power line have
concluded and permits have been
issued. The Company estimates that
the power line will be completed in
Q4 2014.
New Tailing Facility
A study to provide engineering
services for the new tailings
facility is underway. Condemnation
drilling and trenching for test
samples has been completed with no
significant findings; there was no
sign of mineralization in the drill
core. This work is expected to take
approximately 16 weeks to produce a
report in support of our application
for a permit to dispose mill
tailings in the new storage area.
The report will come complete with
the dam design, water reclamation
system and the amount of fill
material required for the capital
cost estimate.
Avino continues to make health and
safety a top priority. The Company
recently established a new rescue
facility for training purposes and
outfitted it with new equipment.
Photographs from management recent
trip to the mine are available on
Avino's website or by clickinghere.
Avino is very proud of its fleet of
mining equipment and processing
facility. Since the Company
re-commenced operations in 2010,
it's goal has been to create a
modern and highly efficient
operation. We believe that we are
reaching our goal by acquiring brand
new underground mining equipment
which includes the latest
technology, such as GPS
transmitters, that can send data to
centralized computers to generate
monthly reports. These reports are
used to analyze the status of
equipment to mitigate down time and
ensure efficient operation. Further,
Management can monitor equipment
remotely and in real time to take
corrective action quickly.
About Avino
Avino is a silver and gold producer
operating the Avino property located
in Durango, Mexico. The Company's
mission is to become a mid-tier
silver producer through profitable
organic growth at the Avino
property. We are committed to
managing all business activities in
an environmentally responsible and
cost-effective manner while
contributing to the well-being of
the community in which we operate.
ON BEHALF OF THE BOARD
"David
Wolfin"
________________________________
David Wolfin,
Chief Executive Officer,
Avino Silver & Gold Mines Ltd.
Safe Harbor Statement - This news
release contains "forward-looking
information" and "forward-looking
statements" (together, the "forward
looking statements") within the
meaning of applicable securities
laws and the United States Private
Securities Litigation Reform Act of
1995, including our belief as to the
extent and timing of various studies
including the PEA, and exploration
results, the potential tonnage,
grades and content of deposits,
timing and establishment and extent
of resources estimates. These
forward-looking statements are made
as of the date of this news release
and the dates of technical reports,
as applicable. Readers are cautioned
not to place undue reliance on
forward-looking statements, as there
can be no assurance that the future
circumstances, outcomes or results
anticipated in or implied by such
forward-looking statements will
occur or that plans, intentions or
expectations upon which the
forward-looking statements are based
will occur. While we have based
these forward-looking statements on
our expectations about future events
as at the date that such statements
were prepared, the statements are
not a guarantee that such future
events will occur and are subject to
risks, uncertainties, assumptions
and other factors which could cause
events or outcomes to differ
materially from those expressed or
implied by such forward-looking
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Such factors and assumptions
include, among others, the effects
of general economic conditions, the
price of gold, silver and copper,
changing foreign exchange rates and
actions by government authorities,
uncertainties associated with legal
proceedings and negotiations and
misjudgments in the course of
preparing forward-looking
information. In addition, there are
known and unknown risk factors which
could cause our actual results,
performance or achievements to
differ materially from any future
results, performance or achievements
expressed or implied by the
forward-looking statements. Known
risk factors include risks
associated with project development;
the need for additional financing;
operational risks associated with
mining and mineral processing;
fluctuations in metal prices; title
matters; uncertainties and risks
related to carrying on business in
foreign countries; environmental
liability claims and insurance;
reliance on key personnel; the
potential for conflicts of interest
among certain of our officers,
directors or promoters of with
certain other projects; the absence
of dividends; currency fluctuations;
competition; dilution; the
volatility of the our common share
price and volume; tax consequences
to U.S. investors; and other risks
and uncertainties. Although we have
attempted to identify important
factors that could cause actual
actions, events or results to differ
materially from those described in
forward-looking statements, there
may be other factors that cause
actions, events or results not to be
as anticipated, estimated or
intended. There can be no assurance
that forward-looking statements will
prove to be accurate, as actual
results and future events could
differ materially from those
anticipated in such statements.
Accordingly, readers should not
place undue reliance on
forward-looking statements. We are
under no obligation to update or
alter any forward-looking statements
except as required under applicable
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Cautionary Note to United States
Investors - The information
contained herein and incorporated by
reference herein has been prepared
in accordance with the requirements
of Canadian securities laws, which
differ from the requirements of
United States securities laws. In
particular, the term "resource" does
not equate to the term "reserve".
The Securities Exchange Commission's
(the "SEC") disclosure standards
normally do not permit the inclusion
of information concerning "measured
mineral resources", "indicated
mineral resources" or "inferred
mineral resources" or other
descriptions of the amount of
mineralization in mineral deposits
that do not constitute "reserves" by
SEC standards, unless such
information is required to be
disclosed by the law of the
Company's jurisdiction of
incorporation or of a jurisdiction
in which its securities are traded.
U.S. investors should also
understand that "inferred mineral
resources" have a great amount of
uncertainty as to their existence
and great uncertainty as to their
economic and legal feasibility.
Disclosure of "contained ounces" is
permitted disclosure under Canadian
regulations; however, the SEC
normally only permits issuers to
report mineralization that does not
constitute "reserves" by SEC
standards as in place tonnage and
grade without reference to unit
measures.
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.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Information contained herein has
been obtained from sources
believed to be reliable, but
there is no guarantee as to
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should not be construed as
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before making any investment
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Silver Investor
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