Avino increases measured and indicated resources by 60%
(Kitco News) - Avino Silver & Gold Mines (ASM:TSX/NYSE) announced today that it has increased measured and indicated mineral resources by 60% to 75.9 million silver equivalent ounces at the company's Avino property located near Durango in west-central Mexico.
Th company added that inferred mineral resources decreased by 6% in silver equivalent ounces, down to 21.8 million ounces.
President and CEO David Wolfin commented, "We are thrilled to have successfully gone over and above replacing mining depletion since the previous report, by adding significant additional measured and indicated resources at the Avino property. The updated mineral resource estimate provides us with a robust long-term outlook. With several areas on the property that have yet to be explored, there is a strong in-situ potential for further potential resource extension."
Avino is primarily a silver producer with a diversified pipeline of silver, gold, and base metal properties in Mexico. Avino produces from its wholly owned Avino mine near Durango, Mexico.