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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: menanna who wrote (6051)3/23/2004 11:07:59 AM
From: Canuck Dave  Respond to of 313594
 
** OT ** LOL, I've been sick and have been neglecting my Italian.

I also think I'm at the point where a visit and actually struggling along is in order. I'll take another look at RIC. I've had it in the past and it's slipped off the radar.

CD



To: menanna who wrote (6051)3/23/2004 11:51:05 AM
From: TrueScouse  Respond to of 313594
 
Anna:

As you know, as of Saturday I was intending to hold CLG forever! But as soon as I got their PR on Monday morning I sold immediately. Sorry for being so fickle! :^)

To compensate, the following PR from Avino looks like very good news to me. Once they own 100% of the Avino mine, they'll have much more freedom to start up production again and increase exploration. Apparently the other 51% is owned by a family with 14 people who *all* had to agree to sell, so this letter of intent is quite an achievement!

It's also interesting to see that David Wolfin, the son of Louis, is now the President. A new generation to move things along...

Go ASM go!!!

Cheers,
Howy
(Disclosure: I am of course long ASM so have a clear vested interest in seeing this stock go to the moon. This is not a recommendation to buy. And be warned that this stock has a small float and is very illiquid. Do your own DD! :^)

=======================
AVINO SILVER & GOLD MINES LTD.

Suite 400 - 455 Granville Street
Vancouver, B.C. www.avino.com
shares@avino.com Telephone: (604) 682-3701 Fax: (604) 682-3600

March 23, 2004 Trading Symbols: TSX Venture - ASM
U.S. – ASGMF.PK
NEWS RELEASE

The Company currently owns a 49% equity interest in Cia Minera Mexicana de Avino, S.A. de C.V. ("Cia Minera"), a Mexican 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 the Avino mine.

The Company continues to investigate new silver acquisitions.

ON BEHALF OF THE BOARD OF DIRECTORS
s/ “David Wolfin”
______________________________________

David C. Wolfin, President