Avino Silver & Gold Mines Ltd. (OTC BB: ASGMF) is exploring five top silver projects in Canada and Mexico. All the company’s properties are owned 100 percent. In Mexico, ASGMF has over 30 years of operating history and long-standing business relationships.
The company’s Eagle Property is located in the Yukon Territory, Canada and has produced very high assays for silver since exploration first occurred there in 1964. A study carried out in August of 2002 recommended geochemical and geophysical exploration to examine the continuity of the Eagle vein. Drilling and underground exploration would follow based on the success of the first work. A budget of C$160,000 has been proposed by MineStart management to carry out further work on the Eagle claims.
The company’s Aumax Property is located in Southern British Columbia, Canada and has been prospecting on since 1999 resulting in high-grade silver and gold assays in soil, rock and trench samples.
The company’s Olympic-Kelvin Property is located in the Bralorne Region of British Columbia, Canada where drilling began in January 2004, following up on work completed in 1988 that outlined two prospective areas for gold and silver: Margarita and Enigma.
The company’s Avino Silver and Gold Mine is in the Durango State, Mexico and was once described by Spaniards as a “mountain of silver.” Indeed, the mine first opened in the 1500s and reportedly supplied considerable wealth to Spain for hundreds of years. It has operated intermittently ever since.
The final property in the company’s portfolio is the Minto Property located in British Columbia, Canada.
ASGMF’s common stock was trading at $1.752 per share on light volume. The 52-week range for ASGMF is between $1.32 and $3.17 per share.
ASGMF was founded in 1968, and has established a long record of mining and exploration. Avino’s focus is the acquisition and aggressive exploration of top silver prospects throughout North America. Avino remains well-funded with no debt.