Another high grade results from recent exploration: capitalisation of this company is roughly equal to its hard assets: equipment and constructions, without any credit for resources at all. Company is in the process of preparing resources estimate. management is definitely pleased with the progress and adding second drill to the property:
"Avino Silver and Gold Mines Ltd. has added a second core drill to its program at the large Avino property located 80kms north east of Durango, Mexico.
The first drill continues to explore the San Gonzalo zone. It is currently drilling Hole 31 at that zone.
The second drill started at the beginning of the month and has currently completed two holes on the ET zone on the main Avino Vein. This is the zone on the main Avino Vein from which the company mined 1975-2001.
A program of 11 holes are planned to explore the ET zone below the 11 1/2 level where production ceased in Nov 2001.
Avino is pleased to announce results of a further four holes at San Gonzalo (20 through 23). (Locations can be viewed on the Avino website)."
The first drill continues to explore the San Gonzalo zone. It is currently drilling Hole 31 at that zone.
The second drill started at the beginning of the month and has currently completed two holes on the ET zone on the main Avino Vein. This is the zone on the main Avino Vein from which the company mined 1975-2001.
A program of 11 holes are planned to explore the ET zone below the 11 1/2 level where production ceased in Nov 2001.
Avino is pleased to announce results of a further four holes at San Gonzalo (20 through 23). (Locations can be viewed on the Avino website)."
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