VANCOUVER, Dec. 11, 2017 /CNW/ - Avino Silver & Gold Mines Ltd. (TSX.V: ASM, NYSE-American: ASM, FSE: GV6; "Avino" or "the Company") is pleased to announce that plans have been finalised for an 8,000 metre drill program to commence early January, 2018, at its Bralorne Gold Mine located near Gold Bridge, British Columbia.
On November 14, 2017, the Company announced the receipt of an approved Permit Amendment to the Mines Act Permit M207, see news release, http://www.avino.com/i/pdf/nr/2017-11-14-nr-asm.pdf. The area of drilling is within the recently approved Permit Amendment, with drilling to be completed under Deemed Authorization.
The program will consist of 8,000 metres of drilling, and will focus on 9 gold-bearing veins containing existing resources as defined in the NI 43-101 Updated Resource Estimate completed in October, 2016. This program is designed to delineate additional resources above the 800 level in the vicinity of previously reported gold resources. The program has been designed by Bralorne's independent consultant with the assistance of Bralorne geologists. This program will also include two geotechnical holes to provide information for the engineering design of the proposed new tunnel on the 800 level.
This drill program will be aimed at both identifying additional resources and increasing the confidence in existing resources, in advance of a revised resource update.
"I am very pleased to commence this planned drill program. We have been focused on returning this historical gold mine into production since acquiring the Bralorne Gold Mine in 2014. This drill program and the receipt of the Amended Permit in November, are important steps that bring us closer to achieving our plans for the Bralorne Gold Mine."
- David Wolfin, President, CEO & Director, Avino Silver & Gold Mines Ltd.
Chance Find Procedure
To ensure that no culturally sensitive artifacts are removed or destroyed, the drill program will be run in accordance with our Chance Find Procedure. All ground disturbances will be overseen by a Cultural Heritage Resource Monitor, provided by the Lillooet Tribal Council, who has the ability to halt work in the area if anything of significance is discovered. The project is to be overseen by consulting archeologist, Gordon Mohs, M.A of Tetra Tech.
Qualified Person(s)
Avino's projects are under the supervision of Fred Sveinson, B.A., B. Sc., P.Eng, Senior Mining Advisor, who is a qualified person within the context of National Instrument 43-101, and Mr. Garth Kirkham, P. Geo., who is a principal of Kirkham Geosystems Ltd., and who is an "independent qualified person", as defined by Section 1.5 of NI 43-101. Both have reviewed and approved the technical data in this news release.
About Avino
Avino is a silver and gold producer with a diversified pipeline of gold, silver and base metals properties in Mexico and Canada employing approximately 500 people. Avino produces from its wholly owned Avino and San Gonzalo Mines near Durango, Mexico, and is currently ramping up for future production at the Bralorne Gold Mine in British Columbia, Canada. The Company's gold and silver production remains unhedged. The Company's mission and strategy is to create shareholder value through its focus on profitable organic growth at the historic Avino Property near Durango, Mexico, and the strategic acquisition of mineral exploration and mining properties. 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.
