Standard & Poor's Initiates Factual Stock Report Coverage on Avino Silver & Gold Mines Ltd.
Standard & Poor′s announced today that it has commenced Factual
Stock Report coverage on Avino Silver & Gold Mines Ltd.
Avino Silver & Gold Mines Ltd., (OTCBB: ASGMF, TSX: ASM), in the
exploration stage as of June 30, 2010, engages in the acquisition,
exploration and development of mineral properties in Mexico and Canada.
The company owns interests in mineral properties located in Durango,
Mexico and in British Columbia and the Yukon, Canada.
The company holds a 99.28% equity interest in Compania Minera Mexicana
de Avino, S.A. de C.V. (Cia Minera), a Mexican corporation which owns
the Avino Silver Mine, located in the state of Durango, Mexico. The
Avino Mine is located approximately 74 kilometers to the northeast of
the city of Durango and covers approximately 4,364 hectares. The
property is accessible via road. From 1974 to 2001, the Avino Mine
produced silver, gold, copper and lead. The Avino Mine had been an open
pit operation until March 1993, at which time Cia Minera commenced
underground operations. Mineralized rock is broken by ripping, drilling
and blasting and is trucked to the concentrator, approximately 415
meters from the pit, where it is processed. The Avino Mine was an
underground operation at the time of closure in November 2001.
Exploration drilling in 2008 lead to the development of the San Gonzalo
vein as a future ore deposit.
The company refurbished the plant in order conduct a 10,000-tonne bulk
sample from the high-grade San Gonzalo zone. This sample will allow
Avino to assess economics of the zone and confirm mineral grades
obtained through earlier diamond drilling. The company's goal is to
complete the bulk sample program and move into full production if
results are positive.
This report will also be accessible on an ongoing basis to the
investment community by scores of buy-side institutions and sell-side
firms that utilize S&P research and information platforms daily.
Millions of self-directed investors also have access to the report via
their e-brokerage accounts. Please visit www.avino.com
for additional information.
About Standard & Poor's Factual Stock Reports
This Standard & Poor′s service provides factual research coverage
enabling information about Avino Silver & Gold Mines Ltd. and
other securities to reach a wide investor audience of Buy and Sell-side
investors, helping them understand a company′s fundamentals and business
prospects. Currently profiling over 500 issuers, S&P Factual Stock
Reports increase market awareness for issuers in the investment
community with insightful commentary and key statistics/information.
Updated weekly with the latest pricing, trading volume, and other data,
the reports include recent developments, a financial review, key
operating information, Industry and peer comparisons, institutional
holdings analysis, Street Consensus and opinions, performance charts,
business summary, fundamental data, and news. Because coverage of these
reports is sponsored by the issuer, S&P does not offer investment
opinions concerning the advisability of investing in these stocks.
Standard & Poor′s Factual Stock Reports are produced separately from any
other analytic activity of Standard & Poor′s. Standard & Poor′s Factual
Report research has no access to non-public information received by
other units of Standard & Poor′s. Standard & Poor′s does not trade on
its own account.
Note:All U.S. and Canadian Companies listed on a National
Exchange (not covered by S&P′s STARS research) are eligible to obtain
this coverage.
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Avino Silver & Gold Mines Ltd. Contact:
David Wolfin,
604-682-3701
dwolfin@oniva.ca
or
Standard
& Poor's Contact:
Customer Contact:
Richard Albanese,
212-438-3647
richard_albanese@standardandpoors.com
or
Media
Relations Contact:
Michael Privitera, 212-438-6679
michael_privitera@standardandpoors.com