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Avino updates resources at namesake mine, plans further exploration

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Avino updates resources at namesake mine, plans further exploration

Avino Silver & Gold Mines Ltd. said Sept. 26 that it completed an updated mineral resource estimate for its Avino silver property in Mexico, which encompasses the San Gonzalo mine, the main Avino mine system and the property's oxide tailings.

The property now hosts 11.5 million troy ounces of silver, 57,000 troy ounces of gold and 9,350 tonnes of copper within 3.3 million tonnes in the measured and indicated categories. Inferred resources, meanwhile, total 25.6 million troy ounces of silver, 158,900 troy ounces of gold and 33,550 tonnes of copper within 8.1 million tonnes.

The company highlighted several changes since the previous estimates were released, including mining depletion, new sampling data, changes to silver equivalent calculation and reclassification of mineral resources.

Since 2013, Avino drilled 57 holes on the oxide tailings deposit, 46 holes on the San Gonzalo and Avino vein systems, and obtained nearly 3,000 channel samples representing 14,470 meters of vein material on the Avino and San Gonzalo veins.

Moving forward, the company will continue its efforts to expand and further define resources at Avino while also carrying out exploration on various targets throughout the property, President and CEO David Wolfin said.