Silver Investing News

Avino Silver & Gold Mines: Working to Re-Open the Historic Avino Mine

Silver Investor — Fri, 18 Jul 2008 23:43:13 +0000

Overview

Avino Silver & Gold Mines Ltd. is a Vancouver based mining\exploration company focused on precious and base metals in Mexico and Canada. Avino is currently working to re-activate the Avino mine, an important historical producer of silver, gold, copper, lead, and zinc located in the Durango State of North Central Mexico. Current work is focused on four key goals:
• Expand resources and reserves;
• Reactivate the mill;
• Conduct a 10,000 ton bulk sample on the recently explored San Gonzalo Zone;
• Resume production as quickly as possible

Chief Properties

The Avino Mine

Avino Silver & Gold Mines’ primary asset is the historic Avino Mine located in the Durango province of North Central Mexico. The area was first mined in the 1500’s when Spanish Conquistadors dubbed it the mountain of silver. Small scale mining continued on the property intermittently until the late 19th century when The British began large scale development of the project. Mining continued by the British up until the Mexican revolution of 1912 when foreign companies were forced to flee the country. In 1968 Avino became one of the first Canadian based junior resource exploration companies to form a joint venture partnership with Mexican nationals after the Revolution. Back then by Mexican law foreigners could only own 49% of a property partnership. (Avino has since increased it’s ownership to 89.5%). The mine operated continuously for 27 years between 1972 and 2001 producing 16 million ounces silver, 96 thousand ounces gold and 24 million pounds of copper. When low metals prices and the closure of a key smelter forced the Avino mine to close in 2001, considerable metal along with infrastructure, fresh water and a pool of supportive local labor remained.

With commodity prices significantly improved, Avino has undertaken an extensive program to expand known resources and investigate underexplored areas across its 1347 hectare property with the intent of resuming production. To identify targets Avino has conducted IP Geophysical surveys, soil sampling as well molecular resonance coupling. Between 2006 and 2007 Avino drilled 82 holes totaling over 18 thousand meters. Drilling continues in 2008 with an exploration crew working on the property full time. The areas explored most extensively are the Elena Tolosa (ET zone) and the San Gonzalo (SG zone). The ET zone was the system mined throughout Avino’s 27 year production history; drilling at depth in 2007 produced very promising results. Following the old adage that the best place to look for a new mine is below or beside an old mine, The San Gonzalo zone also exits beneath the workings of a historical producer. Highlights from both zones as well as Avino’s tailings resource follows:

1. San Gonzalo zone
- Completed 40 holes over 9204m in 2007. Drilling highlights include:

Established 93% recovery rate by bulk floatation sample in 2008;
NI 43-101
4.7 million oz/Ag (444,250 tones @ 332 g/t Ag, 2.61 g/t Au)
10,000 tonne bulk sample scheduled for November 2008;
New 250 t/d circuit currently being added to the mill to accommodate SG ore

2. Elena Tolosa zone
- Completed 18 holes in 2007 and 2008. Drilling highlights include:

Low cost of production (in 2001 between $3-5 per ounce);
NI 43-101 resource estimate planned after completion of definition drilling;
Located directly next to 1200 ton per day capacity mill;
Historically never explored at depth

3. Tailings Resource- (NI 43-101) 12 million ounces silver, 60,000 ounces of gold remain in the tailings pond from open pit operations prior to 1993 (Based on a study completed by Wardrop Engineering in 2006)

British Columbia Properties (Located in the Historic Bridge River Valley in South Western BC)

Minto – Has been explored intermittently for over 60 years, and several gold and silver-bearing structures are known on the property. Between 1934 and 1940, the Minto Mine produced 17,558 ounces of gold and 50,582 ounces of silver from 88,000 tons of ore.

Avino drilled four diamond core holes in 2006 to explore down dip extensions of gold bearing structures originally discovered trenching on the Minto North Zone in 1985. Drilling was highlighted by an 0.25m intersection in hole #MO-06-01 that graded 45.4 g/t Au.
Olympic – Past drilling in the area on a zone called the Margarita Zone returned 24 g/t gold over 0.85 meters within a wider intersection of 8.2 g/t gold over 3.48 meters. The true width of this zone was estimated at 1.47 meters.
Aumax - The large Aumax Property, located 16 kilometers southwest of Lillooet, covers nearly 10 square kilometers. Prospecting since 1999 has resulted in high-grade silver and gold assays in soil, rock and trench samples. Silver values have ranged as high as 617.4 g/ton with gold assays up to 10.29 g/t. Further exploration, now under evaluation, would include trenching and possible diamond drilling.

Yukon Territories (Eagle Property)

Located in the historic Keno Hill District, the Eagle Property has produced very high assays for silver since exploration first occurred there in 1964. This discovery became known as the Eagle Vein, and it clearly justified further exploration. A study carried out in August 2002 recommended geochemical and geophysical exploration would follow based on the success of the initial work.

Management

David Wolfin – President & Director
Loius Wolfin – Founder & Director
Lloyd Andrews – Director
Michael Baybak – Director
Gary Robertson – Director
Chris Sampson – Consulting Geologist
Vic Chevillon – Head Geologist & Director
Jasman Yee – Chemical Engineer

Media Links

CEO Clips
The Melman Report
Howlett Research Corp.
Fundamental Research Corp.
Investor Digest
Richmond Club Interview
Biography Channel Interview

Share Information

Shares Outstanding:

Stock Exchange:

20.5 million

ASM.V, ASGMF.USOTCBB, GV6. Frankfurt

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Oro Silver: Developing 2 Producing Silver Mines & Mill in Mexico

Silver Investor — Thu, 19 Jun 2008 22:20:54 +0000

Overview

Oro Silver Resources Ltd. is a silver exploration company pursuing early and advanced stage silver-based opportunities primarily in Mexico. The company is focused on:

Developing resources and optimizing the milling processes at its El Compas and Vetagrande Mine projects in Zacatecas, Mexico
Completing additional strategic acquisitions
Rapidly advancing active projects towards new discoveries

Oro Silver’s strategy is to become a mid-tier silver producer through an aggressive acquisition and development plan focused on advanced-stage projects with known silver resources that exhibit potential for expansion.

Chief Properties

Vetagrande Mine & Mill

Project Highlights:

Vetagrande project is located 7km north of the Zacatecas State capital
Consists of 9 concessions covering 293 hectares
Potential for 100 million silver-equivalent ounces
Control +2km of Vetagrande vein strike extend with numerous parallel vein occurrences
Partially mined to 250 metre vertical; + 500 metre vertical potential
Includes upgradable 150-tonne per day mill with permitted tailings area; good expansion and optimization potential
Potential in-situ resource acquisition cost <$1/oz silver-equivalent

2008 Work Plan:

Underground surveying and sampling
Surface +5,000 metres drilling program – Q3 2008
Underground drilling program planned for late fall 2008, early 2009
Initiation of engineering and metallurgical studies
Evaluation of surface and underground facilities
Upgrading mill to +300-350 t/day

El Compas Mine

Project Highlights:

El Compas project is located 4km south of the Zacatecas State capital
Consists of 10 concessions covering 2,158 hectares
Recently in operation at 50-70 t/day rate - OSR acquired exploitation rights in 2007
Completed a 5,200 m core drilling program in 2007-08 with best results of 6.9 g/t gold and 45 g/t silver over 18 metres
Drilling outlined two near-surface ore shoots, confirming potential for 2 to 8 metres wide veins at +6 g/t gold-equivalent
Excellent infrastructure with roads, power and operating mill located within 10 km
Potential in-situ resource acquisition cost <$10/oz gold-equivalent

2008 Work Plan:

+5,000 core drilling program completed
Modeling and resource estimation – Q3 2008
Engineering & metallurgical studies – Q3/Q4 2008

The Zacatecas/Fresnillo districts, located in the State of Zacatecas, Central Mexico, host one of the world’s largest historic silver belt with past production estimated at 1.5 billion ounces silver.

Management

President, Darren Bahrey, BSc
Chairman, Greg Cox, MSc
CEO & VP Exploration, Herve Thiboutot, P. Ing
COO, Thomas Bagan, P.Eng, MBA
CFO, Peter Kendrick, MBA
Director of Engineering, Rob Gardiner, P.Eng
Project Manager, Eric Grill
Project Manager, Jorge Ortega, MSc

Independent Directors

Derek White, CA
Greg Martin, MBA
Mark Pryor

Directors

Greg Cox, MSc
Herve Thiboutot, P.Eng
Darren Bahrey
Brian Fowler, PGeo

Media Links

Korelin Economics Audio Interview with Oro Silver President, Darren Bahrey, June 2008

Resource Opportunities coverage, June 2008

Jay Taylor coverage, September 2007

Share Information

1,769,027 @$1.25 to Dec 20, 2009

TSX.V:OSR(Tier2)

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Grenville Gold Corporation: Focused on Near-Term Production

Silver Investor — Mon, 26 May 2008 16:04:53 +0000

Overview

Grenville Gold Corp. is a Vancouver-based junior public company acquiring and developing precious and base metals deposits in South America. The growth strategy is focused on the acquisition of advanced exploration, near production, and past producing deposits with strong potential for near-term, low cost production.Our goal is to create value for our shareholders through the acquisition and exploration of high quality advance precious and base metals targets in South America.

Chief Properties

Silveria property (San Mateo Mining District, Peru)

Grenville’s flagship project involves four past-producing silver mines (with co-existing gold, copper, zinc and lead mineralization) that span an expansive 3,959-hectare land package known as the Silveria Property in the historically mineral-rich San Mateo Mining District near Peru’s capital, Lima.

Of special significance, the wholly-owned Silveria Property includes two of the highest grade silver producers that Peru has ever seen, albeit with modest production histories. Known as the Pacococha and Millotingo mines, these largely under-developed ore bodies have historically yielded around 498 grams per tonne (g/t) of silver over a 30-year period. This translates into 14.5 ounces per short ton. An impressive number, to say the least.

The San Mateo Mining District constitutes a great starting point for the implementation of this high-octane growth strategy. The true potential of the Silveria Project remains a mystery, but with 39 million ounces of historical production, a neighbour (Goldhawk Resources) operating a commercial mine and a mining address that boasts mills operated by Glencore, Pan American Silver, Peruvian company Vulcan and a corporate buyout by Chinese interests of Peru Copper, there is much anticipation over the first serious exploration program which is soon to be launched by Joint Venture partner Journey Resources. Silver was initially targeted at relatively shallow depths based on the extensive networks of epithermal veins.

Again, untold quantities of co-existing copper, zinc and lead resources, with some smaller gold credits, promise to reinforce this project’s potential to become a real ‘company maker.”

La Espanola property (Canete Province, Peru)

Elsewhere in Peru, the Company’s second most important mining venture to date is the sizeable 3,600-hectare La Espanola Project. This involves the rehabilitation and further development of two past-producing copper mines.

Located in the Coayllo District of Canete Province, the property is a mere 100 kilometres southeast of Lima. In a preliminary rock sampling program, Grenville has found plenty of encouragement by way 45 samples that average an especially impressive high grade of 2.51% copper.