Page 21 - Bullion World Volume 3 Issue 4 April 2023

Bullion World | Volume 3 | Issue 4 | April 2023

construction are: Deposit, including 3.50 g/t Au
(1) Delivering over 9.6m (VGD-22-098), 2.11
more ounces of g/t Au over 15m (VGD-22-101),
Marathon Gold Presentation: mineable gold and 0.93 g/t Au over 13m (VGD-
Marathon Gold Corporation mineralization within the scope of 22-100); and
showcased the exploration potential the existing 3-pit mine plan, and (2) • A fresh look at the Frank Zone:
of the Company’s 100% owned Making new discoveries leading to discovered in 2011, but with the
Valentine Gold which is under new Mineral Resources elsewhere same geological characteristics
construction and, when complete will on the Valentine property outside the as the nearby Berry and
be the largest gold mine in Atlantic scope of the current mine plan. Leprechaun Deposits. Historical
Canada. An Updated Feasibility Marathon showcased opportunities drill results include 12.52 g/t Au
Study released in December for new Mineral Resources and over 2.9m (VL-12-490), 10.87
2022 described a 3 pit mine plan discovery, which include: g/t Au over 3m (VL-12-500), and
delivering 195,000 oz Au per annum 2.03 g/t Au over 16m (VL-12-
at an AISC of US$1,007 per oz for • Latest exploration results at 455).
the first 12 years of a 14.3 year mine Eastern Arm and Western
life. Proven and Probable Mineral Peninsula prospecting areas, SOURCE- https://marathon-gold.
Reserves are 2.7 Moz Au (51.6 Mt showing gold geochemical com/site/uploads/2023/03/3-
at 1.62 g/t Au), with the first gold anomalies including significant 6-2023-Marathon-Showcases-
scheduled for the first quarter of counts of gold grains in till Valentine-Exploration-Potential-
2025. samples following the 2022 at-2023-PDAC-vFinal.pdf
discovery of QTP mineralization
Marathon’s exploration in bedrock and float;
priorities for the project during • Latest drill results at Victory

Avino Silver was calculated using metals prices on metal price assumptions of
and Gold of $24.36 oz Ag, $1,789 oz Au. $20.00/oz Ag, $1,700/oz Au.
Mines Ltd:
Avino silver and 1. “Silver equivalent payable ounces ESG- Water irrigation work in
gold producer sold” for the purposes of cash Panuco de Coronado
employs close costs and all-in sustaining costs • Conducting mining talks in the
to 350 people and produces a consists of the sum of payable schools in Panuco, San Jose de
diverse pipeline of gold, silver, and silver ounces, gold ounces and Avino, and Gral
base metals at its wholly-owned copper tonnes sold, before • Hosted the first Parent-Child Visit
Avino Mine close to Durango, penalties, treatment charges, and to Work event for the employees
Mexico. Production of gold and silver refining charges, multiplied by the and families. During the visit, the
by the company is still unhedged. ratio of the average spot gold and workers were able to share their
The Company's strategy and mission copper prices to the average spot knowledge with their children by
is to increase shareholder value by silver price for the corresponding showing them the areas in which
concentrating on profitable organic period. they carry out their work, giving
growth and carefully choosing to buy 2. The Company reports non-IFRS them an overview of their daily
mining and mineral exploration sites. measures which include cash activities, and participating in
Avino is dedicated to managing cost per silver equivalent payable safety awareness talks.
all business operations in an ounce and all-in sustaining cash • Reforestation campaign of
economical and environmentally cost per payable ounce. These native species of the region
responsible manner, as well as measures are widely used in the where 10,000 plants, including
making a positive impact on the mining industry as a benchmark Mesquite, Huizache, and Maguey
communities in which we operate. for performance but do not have • Rock removal from local roads
In Q3 2021, AgEq was calculated a standardized meaning and the after heavy rainfall
using metals prices of $24.36 oz Ag, calculation methods may differ • Creek restoration work in the
$1,789 oz Au. In Q3 2022, AgEq from methods used by other Librado Rivera community.
was calculated using metals prices companies with similar reported
of $19.32 oz Ag, $1,734 oz Au. For measures. Silver equivalent SOURCE- https://avino.com/site/
YTD 2022, AgEq was calculated ounces figures used to show assets/files/5182/avinosilver_
using metal prices of $22.05 oz Ag, production by project and by goldmines_march_30_2023.pdf
$1,856 oz Au. For YTD 2021, AgEq metal are calculated based

21