Avino Files Technical Report on SEDAR

About this update from Avino Silver & Gold Mines Ltd.

[{"type":"text","content":"\n\n\n\nAvino Files Technical Report on SEDAR\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, May 29, 2017\n\n\n\nNYSE - MKT: ASM TSX-V: ASM    FSE: GV6  \n\n\n\nVANCOUVER, May 29, 2017 /CNW/- Avino Silver & Gold Mines Ltd. (ASM: TSX.V, ASM: NYSE – MKT, GV6: FSE, \"Avino\" or \"the Company\") is pleased to announce that it has filed the completed \"Technical Report on the Avino Property, Durango, Mexico\" on the company's profile on the SEDAR system, with the effective date of April 11, 2017, pursuant to Avino's news release dated the same day. The Technical Report, pertaining to the Preliminary Economic Assessment (\"PEA\") of re-treating the Avino mine tailings, includes the results from the Company's recent 2016 Resource Estimate (see news release dated September 26, 2016). The PEA was prepared in accordance with National Instrument 43-101 by Tetra Tech Canada Inc. (\"Tetra Tech\").\n\nHighlights of the Oxide Tailings Preliminary Economic Assessment\n\n\n\nSignificant pre-tax NPV8% of US$40.5 million\nAttractive pre-tax IRR of 48.4%\n2 year pay-back period\nTotal capital expenditures of US$28.5 million\n7 year mine life with LOM of 3.12 million tonnes of oxide tailings material\nThe Oxide Tailings deposit comprises historic recovery plant residue material deposited during the earlier period of open pit mining of the Avino Vein, when there were poor process plant recoveries for silver and gold. The oxide tailings are partially covered by younger unconsolidated sulphide tailings on the northwest side of the property. For more information see Avino's news release dated April 11, 2017.\n\nThe Company cautions that the PEA is preliminary in nature in that it is based on Inferred Mineral Resources which are considered too speculative geologically to have the economic considerations applied to them that would enable them to be characterized as mineral reserves, and there is no certainty that the PEA will be realized.  Mineral resources that are not mineral reserves do not have demonstrated economic viability.\...

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