Production Increase At San Gonzalo Mine

 

VANCOUVER - Avino Silver and Gold Mines Ltd. reported the January 2014 production results from its San Gonzalo mine and Avino Mine surface stockpile operations located on the Avino property near Durango, Mexico.

We are very pleased to begin the New Year with another record month of production. In 2014 we expect a significant increase in our overall output as we continue to encounter improved grades and experience better recoveries as we move deeper into the San Gonzalo mine; as anticipated. We will also be processing material through both circuits 1 and 2 for the full year with the expectation of circuit 3 coming online in the 4th quarter to process material from the Avino Mine, said David Wolfin, President, CEO & Director.

January Highlights: N Silver & gold feed grades for January increased significantly over those of December by 26% and 18% respectively; The higher feed grades with stab le recoveries and consistent feed tonnage processed resulted in increased silver and gold production by 30% and 21% respectively; Concentrate grade assays were also higher on account of the higher feed grades;

Silver and gold feed grades in January were higher than December by 20% and 7% respectively. More boulders were processed which could have resulted in the higher feed grades and better recoveries. Tonnage of concentrate produced was also higher on account of the higher feed grades.

Mill assays are performed at the mine's on-site lab. Check samples are verified by Inspectorate Labs in Reno, Nevada. San Gonzalo concentrate shipments are assayed at AH Knight in Manzanillo, Mexico. The Avino stockpile concentrate shipments are assayed at LSI in Rotterdam, Netherlands.