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Avino Silver and Gold Mines

Publié le 13 juin 2016

Jun 13, 2016 Avino Reports New Power Line Energized And Final Permits Received For New T...more

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Mots clés associés :   Avino | Canada | Copper | G Mexico | Junior | Mines |

Jun 13, 2016 Avino Reports New Power Line Energized And Final Permits Received For New T...more

Avino Silver & Gold Mines Ltd. (ASM: TSX.V, ASM: NYSE - MKT; 'Avino' or 'the Company') announces the following updates from its Avino property in Durango, Mexico.

Avino is pleased to report that the newly constructed dedicated power line to the mine site was energized and tested on June 8th during management's visit. The test was successful and the line is now fully functional at the design capacity of 5 megawatts ('MW'). Current power consumption at the mine is approximately 2MW, leaving sufficient additional power for near-term expansion projects that are currently being organized, such as the Oxide Tailings Heap Leach/Merril-Crowe Precipitation Project (which would require 1 MW) and a possible expansion of the processing plant, which would require a further 1 MW. Additionally, the existing power line will be left in place to service local communities and provide backup power for the mine.

'We are thrilled to have the ability to continue expanding our operations in these rising metals markets. The new powerline provides enough energy to power our existing operations, the future oxide tailings resource operation, as well as another near-term expansion at the mill, leaving 1 MW of excess capacity for further expansion'.

- David Wolfin, President, CEO & Director

In addition, the Company has received all necessary permits to build the new tailings storage facility ('TSF'), and construction planning with the contractor is underway. A new tailings storage facility is necessary to allow the existing TSF to be decommissioned, which will enable Avino to begin assessing the upper sulphide bench as well as the lower oxide bench in areas that are currently being used to store tailings from our active operations.

The assessment work is part of the recommendations contained in the 2013 Tetra Tech Preliminary Economic Assessment ('A Technical Report on the Avino Property') intended to advance the tailings resource towards a production decision for a Merrill-Crowe precipitation heap leach operation. The 2013 Preliminary Economic Assessment suggests that the operation could have an IRR and NPV of 54% and $38.6 million, respectively, using US$20.38 per ounce for silver and US$1,256 per ounce for gold; and could add an additional 1.4 million ounces of silver equivalent to Avino's consolidated annual production for a period of 5 years.

In order to get a head start on the assessment work, in November, 2015, Avino began a program of sampling the lower oxide bench in areas not currently in use. The program consisted of using a hydraulic drill with a two metre split spoon auger to drill vertical holes to a depth of 20 to 30 metres; 12 holes were drilled by the end of 2015 totaling 227 metres. By the end of February, 2016, a further 40 holes had been drilled totaling over 650 metres; assays have been received and are currently being compiled.

Once the new TSF is completed, Avino will decommission the current TSF, then begin installing wells which will be used to pump out the retained water in the dam. This will speed up the sonic drilling program planned for the upper benches, provide samples for the metallurgical program, and increase confidence in the oxide resource located below the sulphide tailings.

A preliminary economic assessment should not be considered to be a prefeasibility or feasibility study, as the economics and technical viability of the Project have not been demonstrated at this time. The preliminary economic assessment is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. Furthermore, there is no certainty that the preliminary economic assessment will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability

Data disclosed in the 2013 technical report by Tetra Tech: A Technical Report on the Avino Property. Michael O'Brian, M.Sc.,Pr.Sci.Nat, FGSSA, FAusIIM, FSAIIM,Hassan Ghaffari, P.Eng., JacquesOuellet, P.Eng., Ph.D., Monica Danon-Schaffer, Ph.D, P.Eng., Sabry Abdel Hafex, Ph.D., P.Eng and Wayne Stoyko, P.Eng., are the Qualified Persons, as defined under National Instrument 43-101, who supervised and are responsible for the Technical Report on the Avino Property

Qualified Person(s)

Avino's Mexican projects are under the supervision of Chris Sampson, P.Eng, Avino consultant, and Jasman Yee P.Eng, Avino director, who are both qualified persons within the context of National Instrument 43-101. Both have reviewed and approved the production data in this news release.

Avino

Avino is a top-tier, low-cost junior producer. Avino's mission is to create shareholder value through profitable organic growth at the historic Avino property near Durango, Mexico, and the Bralorne property in southwestern British Columbia, Canada. We are committed to managing all business activities in an environmentally responsible and cost-effective manner while contributing to the well-being of the communities in which we operate.

ON BEHALF OF THE BOARD

'David Wolfin'
________________________________
David Wolfin
President & Chief Executive Officer

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 statements.

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 securities laws.

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.

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Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Avino Silver and Gold Mines

PRODUCTEUR
CODE : ASM.V
ISIN : CA0539061030
CUSIP : 460374 10 1
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Avino Silver est une société de production minière d'argent et d'or basée au Canada.

Avino Silver détient divers projets d'exploration au Canada.

Son principal projet en production est AVINO MINE au Mexique et ses principaux projets en exploration sont MINTO, OLYMPIC-KELVIN, EAGLE et AUMAX au Canada.

Avino Silver est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 96,5 millions CA$ (77,7 millions US$, 64,6 millions €).

La valeur de son action a atteint son plus haut niveau récent le 07 mars 1997 à 4,50 CA$, et son plus bas niveau récent le 24 octobre 2008 à 0,18 CA$.

Avino Silver possède 52 440 000 actions en circulation.

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Rapports annuels de Avino Silver and Gold Mines
2006 Annual report
Attributions d'options de Avino Silver and Gold Mines
02/09/2016Stock Option and Restricted Share Unit Grants...more
Rapports Financiers de Avino Silver and Gold Mines
23/03/2015Reports 2014 Financial Results of $2,514,169, $0.08 Per Shar...
Projets de Avino Silver and Gold Mines
15/10/2013Q3/September Production Report
09/09/2013August Production Report
08/08/2013July Production Report
06/06/2013May Production Report
13/05/2013April Production Report
05/04/2013Q1/March Production Report
14/03/2013February Production Report
12/02/2013January Production Report
07/01/2013December Production Report
07/11/2012October Production Report
24/10/2012Operational Update & Q3 Production Report
03/05/2011SAMPLES 2.10M of 536 g/t AG, 1.692 g/t AU AT SAN GONZALO
12/04/2011to Attend 2011 Chicago Resource Expo
18/02/2011(Avino Mine)PROVIDES UPDATE ON SAN GONZALO BULK SAMPLE AND 2011 DRILL PR...
02/02/2011(Avino Mine)PROVIDES UPDATE ON SAN GONZALO MINING & MILLING AND COMMENCE...
17/09/2008 REPORTS FURTHER HIGH-GRADE DRILL RESULTS FROM SAN GONZALO Z...
26/05/2008(Avino Mine) PROVIDES MEXICO PROGRESS UPDATE
24/04/2008(Avino Mine) San Gonzalo Vein Yields 93% Silver Recovery By Bulk Floatat...
26/09/2007Drills 1.50 metres, 1,511.8 g/t silver, 15.77 g/t gold at Sa...
15/08/2007(94.421 Au g/t over .5m)(1189.0 Ag g/t over .45m)
27/07/2007Intersects 3623.2 g/t Silver, 3.84 g/t Gold at San Gonzalo
Communiqués de Presse de Avino Silver and Gold Mines
29/06/2016Jun 29, 2016 Avino Announces Extension of Concentrates Prepa...
13/06/2016Jun 13, 2016 Avino Reports New Power Line Energized And Fina...
06/06/2016Jun 06, 2016 Avino Declares Commercial Production at its Sec...
01/06/2016Jun 01, 2016 Avino Reports Voting Results of Annual General ...
20/05/2016May 20, 2016 Avino Announces Proceeds to Date from the At-Th...
17/05/2016May 16, 2016 Avino Reports Q1 2016 Financial Results...more
18/01/2016Jan 18, 2016 Avino Production Up 116% Over 2014 To 3,020,348...
18/01/2016Avino production up 116% over 2014 to 3,020,348 oz silver eq...
04/11/2015Nov 03, 2015 Third Quarter 2015 Financial Results to be Rele...
03/11/2015Third Quarter 2015 Financial Results to be Released on Novem...
13/10/2015Oct 13, 2015 Avino Third Quarter 2015 Production Up 148 % Co...
13/10/2015Avino third quarter 2015 production up 148 % compared to the...
28/09/2015Sep 28, 2015 Avino Commences Concentrate Shipments Under Sam...
28/09/2015Avino commences concentrate shipments under Samsung agreemen...
19/08/2015Avino Reports Q2 2015 Financial Results: Earnings of $361,65...
19/08/2015Aug 18, 2015 Avino Reports Q2 2015 Financial Results: Earnin...
17/08/2015Aug 17, 2015 Avino Announces Closing of Concentrates Prepaym...
17/08/2015Avino announces closing of concentrates prepayment agreement...
04/08/2015Avino Silver & Gold Mines Ltd.: Second Quarter 2015 Financia...
03/08/2015Zacks Investment Ideas feature highlights: Avino Silver and ...
20/07/2015Jul 20, 2015 Avino Sample Results Confirm New Mineralization...
20/07/2015Avino Sample Results Confirm New Mineralization on Levels 3 ...
13/07/2015Jul 13, 2015 Avino Q2 2015 Production Up 167% Compared to Q2...
13/07/2015Avino Q2 2015 Production Up 167% Compared to Q2 2014
09/07/2015Jul 09, 2015 Avino Announces Concentrates Prepayment Agreeme...
09/07/2015Avino Announces Concentrates Prepayment Agreement With Samsu...
22/06/2015Jun 22, 2015 Avino Reports Results from 2014 / 2015 Bralorne...
22/06/2015Avino Reports Results From 2014 / 2015 Bralorne Gold Mine Dr...
13/04/2015Apr 13, 2015 Avino Q1 2015 Production Up 101% Compared To Q1...
13/04/2015Avino Q1 2015 Production Up 101% Compared to Q1 2014
23/03/2015Avino Reports 2014 Financial Results of $2,514,169, $0.08 Pe...
17/03/2015Mar 17, 2015 Fourth Quarter and Year End 2014 Financial Resu...
17/03/2015Avino Silver & Gold Mines Ltd.: Fourth Quarter and Year End ...
17/03/2015& Gold Mines Ltd.: Fourth Quarter and Year End 2014 Financia...
04/11/2013Completes Level 5 Sampling at San Gonzalo
01/10/2013& Gold Mines Ltd.: San Gonzalo Mine-Level 5 Underground Deve...
16/09/2013San Gonzalo Update
30/08/2013Reports Q2, 2013 Net Earnings of $1.45 Million "$0.05" per S...
13/08/2013Retains Consulting Mining Engineer
29/07/2013Recognized With Safety Award
24/07/2013Files Technical Report on SEDAR
12/07/2013& Gold Mines Ltd.: Re-Pricing of Insiders' Stock Option
05/07/2013Announces Results of Annual General and Special Meeting
06/05/2013Reports Earnings for First Quarter of Commercial Production ...
29/04/2013Doubles Processing Capacity to 500 Tonnes Per Day With Secon...
23/04/2013Announces Implementation of Shareholder Rights Plan
05/02/2013Provides 2012 Year End Summary and Outlook for 2013
29/01/2013Samples Further High Grade at San Gonzalo Mine
11/12/2012& Gold Mines Ltd.: Appointment of Chief Operating Officer
01/11/2012Samples 14,768 g/t Ag Over 0.4 m at San Gonzalo Mine
19/09/2012Operational Update
31/07/2012AVINO SILVER & GOLD MINES LTD. ENTERS INTO OPTION AGREEMENT ...
27/07/2012Avino Silver & Gold Mines Ltd. Resume Trading
18/07/2012AVINO SILVER & GOLD MINES LTD: CLARIFICATION AND RETRACTION...
12/06/2012Avino Silver & Gold Mines - Proxy Vote Reminder
18/07/2011Makes Further Progress at San Gonzalo and Guadalupe
11/07/2011REPORTS RESULTS OF SAN GONZALO BULK SAMPLE
09/06/2011COMPLETES SAN GONZALO BULK SAMPLING PROGRAM
06/04/2011Sells First 200 Tonnes of Concentrate From San Gonzalo Bulk ...
28/07/2010Featured in the Midas Letter
22/06/2010Releases New Corporate Video
28/05/2010At the 2010 World Resource Conference in Vancouver
05/05/2010At the 2010 New York Hard Assets Conference May 10-11, 2010
04/03/2010& Gold Mines Ltd - SAN GONZALO BULK SAMPLING PROGRAM UPDATE
28/01/2010& Gold Mines Ltd - San Gonzalo - Bulk Sample Update
01/12/2009Prepares For The 10.000 Tonne Bulk Sample
13/10/2009Reports on Progress Towards Bulk Sampling and Production
11/06/2009Update
17/02/2009& GOLD MINES LTD. - NEWS RELEASE
25/11/2008& Gold MInes Ltd - News Release
14/11/2008MEGA SILVER OPTIONS EAGLE VEIN PROPERTY KENO HILL, YUKON
10/09/2008to Attend 2008 Silver Summit
05/08/2008Reports On Progress Towards Bulk Sampling Program
25/07/2008Reports 4.75 Million Ounce Silver Resource From San Gonzalo ...
05/06/2008TO EXHIBIT AT CAMBRIDGE HOUSE VANCOUVER 2008
14/09/2007& Gold Mines, David Morgan to attend Silver Summit 2007
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TSX-V (ASM.V)OTC BB (ASGMF.OB)
1,84-3.66%2,72+1.49%
TSX-V
CA$ 1,84
05/01 15:46 -0,070
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