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Avino Silver & Gold Mines: Favourable Metallurgical Results From Avino's Oxide Tailings Project
VANCOUVER, BC, April 5, 2023 /CNW/ - Avino Silver & Gold Mines Ltd. (TSX: ASM) (NYSE American: ASM) (FSE: GV6) ("Avino" or "the Company") a growing silver produ
About this update from Avino Silver & Gold Mines Ltd.
[{"type":"text","content":" VANCOUVER, BC, April 5, 2023 /CNW/ - Avino Silver & Gold Mines Ltd. (TSX: ASM) (NYSE American: ASM) (FSE: GV6) (\"Avino\" or \"the Company\") a growing silver producer in Mexico, is pleased to announce metallurgical results from the testwork program on its oxide tailings project (\"Oxide Tailings\" or the \"Project\"). The Project hosts gold and silver from past producing historic operations in an inactive tailings facility located on the Avino property with a 5.7 million tonnes of measured and indicated resource grading 95 g/t of silver equivalent. Historically, near surface oxidised material was not recovered well by Avino's conventional flotation mill, which has created this opportunity for re-processing the tailings with a cyanide leaching process. These results below will form the basis for the metallurgical analysis of a Pre-Feasibility Study (\"PFS\") on the Project. In addition, a table can be viewed at the end of this release showing a comparison between the 2021 and 2023 mineral resource estimate on the Oxide Tailings as contained in the respective technical reports which can also be viewed on Avino's profile on SEDAR. \"We are very pleased with these metallurgical results, which demonstrate excellent metal recoveries that would be suitable for a precipitating into bullion,\" commented CEO David Wolfin. \"Metallurgy is an important component in understanding the potential economics of our Oxide Tailings project. This Project has been in our portfolio for many years and factors prominently into our five-year growth plan to become an intermediate silver producer in Mexico. These results also build on the work done in 2017 Preliminary Economic Assessment (\"PEA\") and increase the level of confidence in the Project from the extensive testwork completed. When comparing the most recent mineral resource estimate to the one completed in 2021, we see in the measured and indicated category an impressive 408% increase in tonnage, as well as a 287% increase in AgEq ounces. The potential of the Oxide Tailings resource has been known for many years but buried under the active tailings dam. With the new state of the art Dry-Stack Tailings facility now fully operational, we can advance the oxide tailings project to the prefeasibility study level. These results along with the ongoing testwork program will allow us to make s...