Business
Avino Silver & Gold Mines Reports 60% Increase in Measured and Indicated Mineral Resources to 75.9 Million Ounces Silver Equivalent at the Avino Property
VANCOUVER, BC, Jan. 13, 2021 /CNW/ - Avino Silver & Gold Mines Ltd. (ASM: TSX/NYSE American, GV6: FSE, "Avino" or "the Company") is pleased to announce an updat
About this update from Avino Silver & Gold Mines Ltd.
[{"type":"text","content":" VANCOUVER, BC, Jan. 13, 2021 /CNW/ - Avino Silver & Gold Mines Ltd. (ASM: TSX/NYSE American, GV6: FSE, \"Avino\" or \"the Company\") is pleased to announce an updated mineral resource estimate for the Company's Avino Property located near Durango in west-central Mexico (the \"Property\"). The updated estimate includes the Property's Avino Mine (Elena Tolosa – \"ET\") vein systems, the San Gonzalo Mine, and the Property's Oxide Tailings. The mineral resources estimate has been included in an updated technical report prepared by Tetra Tech Inc. under National Instrument 43-101 (\"NI-43-101\"), which will be available on SEDAR (www.sedar.com) under the Company's profile and filed on Form 6-K with the SEC within 45 days. Highlights (compared to February 21, 2018) Measured and Indicated Mineral Resources: Increase of 60% in silver equivalent ounces, up to 75.9 million ounces Increase in gold and copper grades by 6% and 11%, up to 0.67 g/t and 0.41% Increase in silver grade at ET by 3%, up to 63 g/t Decrease in consolidated silver grades by 10%, to 69 g/t, as a result of depletion at San Gonzalo Increase in tonnage of 90% overall, totaling 20.3 million metric tonnes Inferred Mineral Resources: Decrease of 6% in silver equivalent ounces, down to 21.8 million ounces Avino MineMineral Resources Summaryas at October 31, 2020 Measured & Indicated Mineral Resources Grade Metal Contents Resource Category Deposit Cut-off(AgEQ g/t) Metric Tonnes AgEQ (g/t) Ag (g/t) Au (g/t) Cu(%) AgEQ (million tr oz) Ag (milliontr oz) Au (thousandtr oz) Cu Tonnes Measured Avino - ET 60 4,760,000 120 74 0.63 0.55 18.4 11.3 97 26,300 Measured San Gonzalo System 130 267,000 356 263 1.36 0.00 3.1 2.3 12 0 Total Measured All Deposits 5,027,000 133 84 0.67 0.52 21.5 13.6 109 26,300 Indicated Avino - ET 60 13,890,000 107 59 0.68 0.41 47.9 26.5 304 56,700 Indicated San Gonzalo System 130 216,000 304 230 1.09 0.00 2.1 1.6 8 0 Indicated Oxide Tailings 50 1,120,000 124 89 0.42 0.00 4.5 3.2 15 0 Total Indicated All Deposits 15,226,000 111 64 0.67 0.37 54.5 31.3 327 56,700 Total Measured & Indicated All Deposits 20,253,000 117 69 0.67 0.41 75.9 44.9 436 83,000 Inferred Mineral Resources Grade Metal Contents Resource Category Deposit Cut-off(AgEQ g/t) M...