Avino Silver & Gold Mines Ltd.: Signs Letter of Intent.Business Editors VANCOUVER Vancouver, city, Canada Vancouver, city (1991 pop. 471,844), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver Island and just N of the Wash. border. , British Columbia--(BUSINESS WIRE)--March 23, 2004 The Company currently owns a 49% equity interest in Cia Minera Minera (Welsh: Mwynglawdd) is a small village in the county borough of Wrexham in north-east Wales. It borders Coedpoeth to the east and Bwlchgwyn to the west. Mexicana de Avino, S.A. de C.V. ("Cia Minera"), a Mexican Mexican named after or originating in Mexico. Mexican axolotl see ambystomamexicanum. Mexican beaded lizard (Heloderma horridum corporation which owns the Avino Silver Mine, located in Durango, Mexico (the "Avino Mine"). The Company has entered into a letter of intent to purchase the remaining 51% equity interest in Cia Minera. The Avino Mine operated from 1986 to 2001, producing approximately 497 tons of silver, 3 tons of gold, and 11,000 tons of copper. Depressed silver prices during the period 2000-01 led to the suspension of mine operations at the end of 2001. Since 2001, the mine plant and equipment have been on care and maintenance. The Company plans to investigate the feasibility of reopening Reopening Treasury offerings of additional amounts of outstanding issues, rather than an entirely new issue. A reopened issue will always have the same maturity date, CUSIP number, and interest rate as the original issue. the Avino mine. The Company continues to investigate new silver acquisitions. ON BEHALF OF THE BOARD OF DIRECTORS David C. Wolfin, President The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
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