Avino Silver and Gold Mines Ltd. ("Avino" or "the Company") (TSX
VENTURE:ASM) (NYSE MKT:ASM) (FRANKFURT:GV6) today announced that it
has now drifted along the San Gonzalo vein for over 200 metres to
the northwest and 220 metres southeast of the main crosscut across
from the ramp on level 5. The San Gonzalo Mine is located on the
Avino property 80 km North East of Durango, Mexico.
Avino has taken face samples over 75 metres to the NW and 86
metres to the Southeast along the vein. These samples are assayed
in Avino's own lab and provide a quick and inexpensive guide to
vein width, grade and continuity. Before planning stopes between
levels 4 and 5, Avino samples the back (roof) of the vein. These
samples are sent for independent analysis at Inspectorate Labs in
Reno, Nevada.
The first sets of sample results from Inspectorate labs have
been received as shown in the table below and can be viewed on the
level 5 sampling map on Avino's website
(http://www.avino.com/i/pdf/Level5Samples.pdf):
----------------------------------------------------------------------------
North West of Cross Cut
----------------------------------------------------------------------------
Sampled Length Silver
Along Vein (m) Width (m) Gold (g/t) (g/t) Pb % Zn %
----------------------------------------------------------------------------
4.43
----------------------------------------------------------------------------
Vein
Width (m) 1.30 1.411 111 0.86 0.76
----------------------------------------------------------------------------
Mined
Width (m) 2.73 0.760 64 0.61 0.65
----------------------------------------------------------------------------
16.82
----------------------------------------------------------------------------
Vein
Width (m) 1.46 7.758 853 0.29 0.45
----------------------------------------------------------------------------
Includes
line 6
sample
169502 0.60 3.435 980 0.30 0.33
----------------------------------------------------------------------------
Includes
line 7
sample
169506 0.60 5.586 1,183 0.28 0.26
----------------------------------------------------------------------------
Includes
line 9
sample
169513 0.55 2.489 886 0.27 0.46
----------------------------------------------------------------------------
Includes
line 10
sample
169517 0.65 11.695 1,236 0.09 0.35
----------------------------------------------------------------------------
Includes
line 11
sample
169522 0.80 31.844 2,424 0.19 0.53
----------------------------------------------------------------------------
Includes
line 11
sample
169524 0.40 14.820 1,120 0.11 0.30
----------------------------------------------------------------------------
Includes
line 12
sample
169529 0.45 32.656 2,619 1.59 1.06
----------------------------------------------------------------------------
Includes
line 13
sample
169533 0.50 14.017 1,288 0.31 0.63
----------------------------------------------------------------------------
Includes
line 14
sample
169538 0.60 43.706 4,698 0.52 0.92
----------------------------------------------------------------------------
Includes
line 15
sample
169542 0.60 6.328 986 0.43 0.90
----------------------------------------------------------------------------
Mined
Width (m) 2.14 5.341 588 0.24 0.39
----------------------------------------------------------------------------
----------------------------------------------------------------------------
North West of Cross Cut
----------------------------------------------------------------------------
Sampled Length Silver
Along Vein (m) Width (m) Gold (g/t) (g/t) Pb % Zn %
----------------------------------------------------------------------------
10.36
----------------------------------------------------------------------------
Vein
Width (m) 1.01 1.678 207 0.44 0.59
----------------------------------------------------------------------------
Mined
Width (m) 2.49 0.708 88 0.22 0.31
----------------------------------------------------------------------------
9.03
----------------------------------------------------------------------------
Vein
Width (m) 1.56 6.187 655 0.17 0.27
----------------------------------------------------------------------------
Mined
Width (m) 2.65 3.664 390 0.11 0.23
----------------------------------------------------------------------------
Total
Length 40.64 m
----------------------------------------------------------------------------
----------------------------------------------------------------------------
South East of Cross Cut
----------------------------------------------------------------------------
Sampled
LengthAlong Vein Silver
(m) Width (m) Gold (g/t) (g/t) Pb % Zn %
----------------------------------------------------------------------------
19.16
----------------------------------------------------------------------------
Vein
Width (m) 2.28 3.683 823 1.33 2.09
----------------------------------------------------------------------------
Includes
Line 1
sample
169448 0.55 33.465 2,890 0.35 0.45
----------------------------------------------------------------------------
Includes
line 2
sample
169455 0.60 12.219 1,323 0.18 0.37
----------------------------------------------------------------------------
Includes
line 4
sample
169552 0.70 3.756 2,419 2.16 3.85
----------------------------------------------------------------------------
Includes
line 5
sample
169475 0.70 3.000 1,110 0.33 0.26
----------------------------------------------------------------------------
Includes
line 5
sample
169478 0.50 2.573 3,453 6.75 6.74
----------------------------------------------------------------------------
Includes
line 5
sample
169484 0.65 4.627 1,188 0.40 0.47
----------------------------------------------------------------------------
Includes
line 5
sample
169485 0.40 9.022 3,393 1.18 1.81
----------------------------------------------------------------------------
Includes
line 5
sample
169486 0.45 6.043 1,876 2.29 3.52
----------------------------------------------------------------------------
Includes
line 5
sample
169554 0.40 4.355 1,617 0.27 0.21
----------------------------------------------------------------------------
Includes
line 6
sample
169558 0.40 4.062 2,582 0.40 0.28
----------------------------------------------------------------------------
Includes
line 6
sample
169559 0.60 4.089 1,186 0.24 0.18
----------------------------------------------------------------------------
Includes
line 7
sample
169564 0.50 2.787 810 0.27 0.33
----------------------------------------------------------------------------
Includes
line 9
sample
169571 0.35 1.614 1,554 0.64 0.93
----------------------------------------------------------------------------
Mined
Width (m) 3.19 2.672 598 1.01 1.58
----------------------------------------------------------------------------
7.67
----------------------------------------------------------------------------
Vein
Width (m) 1.82 1.485 142 0.44 0.88
----------------------------------------------------------------------------
Mined
Width (m) 2.69 1.042 102 0.31 0.63
----------------------------------------------------------------------------
10.29
----------------------------------------------------------------------------
Vein
Width (m) 1.61 0.175 41 0.15 0.30
----------------------------------------------------------------------------
Mined
Width (m) 2.55 0.172 31 0.11 0.25
----------------------------------------------------------------------------
5.65
----------------------------------------------------------------------------
Vein
Width (m) 1.26 0.957 494 0.19 0.38
----------------------------------------------------------------------------
Includes
line 26
sample
169702 0.60 3.388 2,116 0.77 1.21
----------------------------------------------------------------------------
Includes
line 27
sample
169710 0.30 1.731 2,365 0.40 0.57
----------------------------------------------------------------------------
Mined
Width (m) 3.48 0.514 199 0.14 0.32
----------------------------------------------------------------------------
----------------------------------------------------------------------------
South East of Cross Cut (old shaft)
----------------------------------------------------------------------------
Sampled Length Silver
Along Vein (m) Width (m) Gold (g/t) (g/t) Pb % Zn %
----------------------------------------------------------------------------
20.39
----------------------------------------------------------------------------
Vein
Width (m) 2.14 3.608 599 0.28 0.56
----------------------------------------------------------------------------
Includes
line 29
sample
169726 0.75 1.960 1,495 0.48 0.95
----------------------------------------------------------------------------
Includes
line 30
sample
169733 0.60 12.241 1,482 0.64 1.47
----------------------------------------------------------------------------
Includes
line 31
sample
169736 0.50 4.497 870 0.39 0.64
----------------------------------------------------------------------------
Includes
line 32
sample
169742 0.50 4.973 1,431 0.41 1.41
----------------------------------------------------------------------------
Includes
line 33
sample
169746 0.70 3.818 1,574 0.26 0.50
----------------------------------------------------------------------------
Includes
line 35
sample
169757 0.50 12.941 2,294 0.59 2.10
----------------------------------------------------------------------------
Includes
line 36
sample
169764 0.65 14.439 2,174 0.40 0.76
----------------------------------------------------------------------------
Includes
line 37
sample
169768 0.50 7.290 1,101 0.37 0.88
----------------------------------------------------------------------------
Includes
line 38
sample
169773 0.45 20.046 2,846 0.45 0.71
----------------------------------------------------------------------------
Includes
line 38
sample
169774 0.65 4.271 949 0.74 1.58
----------------------------------------------------------------------------
Includes
line 40
sample
169784 0.65 22.818 1,670 0.13 0.17
----------------------------------------------------------------------------
Includes
line 40
sample
169785 4.421 1,395 0.42 1.36
----------------------------------------------------------------------------
Mined
Width (m) 2.78 2.802 467 0.24 0.48
----------------------------------------------------------------------------
3.72
----------------------------------------------------------------------------
Vein
Width (m) 1.37 0.485 71 0.03 0.10
----------------------------------------------------------------------------
Mined
Width (m) 2.97 0.315 52 0.04 0.12
----------------------------------------------------------------------------
16.27
----------------------------------------------------------------------------
Vein
Width (m) 1.82 2.443 535 0.29 0.56
----------------------------------------------------------------------------
Mined
Width (m) 2.88 1.586 345 0.20 0.38
----------------------------------------------------------------------------
Total
Length 83.15 m
----------------------------------------------------------------------------
Sampling lengths along the vein are continuous as shown on the
sample plan map available on Avino's website
(http://www.avino.com/i/pdf/Level5Samples.pdf).
The San Gonzalo vein usually contains the highest gold and
silver values but we drift wider along the vein and sample the
country rock on both sides of the vein. The wall rocks usually
contain metal values which decrease with distance from the SG vein.
Thus we can plan mining over wider widths which provides more
tonnage and wider stopes permitting easier operation using
shrinkage methods yet still provides feed grade to our mill well
above cut-off.
Avino is very fortunate that at San Gonzalo we can mine wider
than the actual vein without serious dilution of the grade.
"We are very pleased to see that the vein retains the same
width, high grades and continuity as we develop level 5. These
sampling results are consistent with our expectations stemming from
the July 2013 Technical Report on the Avino Property by Tetra
Tech"
- David Wolfin, President, CEO & Director, Avino Silver
& Gold Mines Ltd.
Assay Methods
Samples from level 5 underground channel sampling of the San
Gonzalo vein are shipped to Inspectorate Labs for analysis for
gold, silver, arsenic, bismuth, copper, molybdenum, lead, antimony,
zinc, and mercury. Samples are crushed and ground in Durango with
pulps assayed in Reno, Nevada using fire assay and AA finish for
gold, four acid digestion and AA for most silver with fire assay
and gravimetric finish for very high silver, and aqua regia
digestion and ICP-MS for base metals. Inspectorate Labs in Nevada
and British Columbia are ISO 9001:2008 certified, full service
laboratories that are independent of Avino. Sample QA/QC procedures
are as described in Section 11.5 of the July 2013 Technical Report
on the Avino Property by Tetra Tech. Avino uses a series of
standard reference materials (SRMs), blank reference materials
(blanks) and duplicates as part of their QA/QC program during
analysis of assays from level 5 sampling at San Gonzalo.
Qualified Person(s)
Avino's projects are under the supervision of Chris Sampson,
P.Eng, BSc, ARSM Avino Consultant and Jasman Yee P.Eng, Avino
director, who are both qualified persons within the context of
National Instrument 43-101. Both have reviewed and approved the
technical data in this news release
TSX Venture Exchange - Tier One Listing
In accordance with Policy 2.5, the Company has met the
requirements for a Tier 1 company. Therefore, effective at market
open, Friday, September 13, 2013, the Company's Tier classification
changed from Tier 2 to: Classification Tier 1 - Mining Issuer
About Avino
Avino's mission is to create shareholder value through
profitable organic growth at the Avino property. We are committed
to managing all business activities in an environmentally
responsible and cost-effective manner while contributing to the
well-being of the community in which we operate.
Management remains focused on the following key objectives:
1. Maintain profitable mining operations at San Gonzalo while decreasing
operating costs and improving efficiency;
2. Increase mill throughput using the new circuit ("Circuit 2") that went
online in April 2013;
3. Develop the Avino mine for commercial production commencing in 2014;
4. Continue to review and develop plans to process the oxide tailings
resource from previous milling operations (PEA issued in 2012);
5. Continue to explore regional targets on the property and consider
acquisition opportunities.
ON BEHALF OF THE BOARD
David Wolfin
President & CEO
Avino Silver & Gold Mines Ltd.
Safe Harbor Statement - This news release contains
"forward-looking information" and "forward-looking statements"
(together, the "forward looking statements") within the meaning of
applicable securities laws and the United States Private Securities
Litigation Reform Act of 1995, including our belief as to the
extent and timing of various studies including the PEA, and
exploration results, the potential tonnage, grades and content of
deposits, timing and establishment and extent of resources
estimates. These forward-looking statements are made as of the date
of this news release and the dates of technical reports, as
applicable. Readers are cautioned not to place undue reliance on
forward-looking statements, as there can be no assurance that the
future circumstances, outcomes or results anticipated in or implied
by such forward-looking statements will occur or that plans,
intentions or expectations upon which the forward-looking
statements are based will occur. While we have based these
forward-looking statements on our expectations about future events
as at the date that such statements were prepared, the statements
are not a guarantee that such future events will occur and are
subject to risks, uncertainties, assumptions and other factors
which could cause events or outcomes to differ materially from
those expressed or implied by such forward-looking statements.
Such factors and assumptions include, among others, the effects
of general economic conditions, the price of gold, silver and
copper, changing foreign exchange rates and actions by government
authorities, uncertainties associated with legal proceedings and
negotiations and misjudgments in the course of preparing
forward-looking information. In addition, there are known and
unknown risk factors which could cause our actual results,
performance or achievements to differ materially from any future
results, performance or achievements expressed or implied by the
forward-looking statements. Known risk factors include risks
associated with project development; the need for additional
financing; operational risks associated with mining and mineral
processing; fluctuations in metal prices; title matters;
uncertainties and risks related to carrying on business in foreign
countries; environmental liability claims and insurance; reliance
on key personnel; the potential for conflicts of interest among
certain of our officers, directors or promoters of with certain
other projects; the absence of dividends; currency fluctuations;
competition; dilution; the volatility of the our common share price
and volume; tax consequences to U.S. investors; and other risks and
uncertainties. Although we have attempted to identify important
factors that could cause actual actions, events or results to
differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events
or results not to be as anticipated, estimated or intended. There
can be no assurance that forward-looking statements will prove to
be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
statements. We are under no obligation to update or alter any
forward-looking statements except as required under applicable
securities laws.
Cautionary Note to United States Investors - The information
contained herein and incorporated by reference herein has been
prepared in accordance with the requirements of Canadian securities
laws, which differ from the requirements of United States
securities laws. In particular, the term "resource" does not equate
to the term "reserve". The Securities Exchange Commission's (the
"SEC") disclosure standards normally do not permit the inclusion of
information concerning "measured mineral resources", "indicated
mineral resources" or "inferred mineral resources" or other
descriptions of the amount of mineralization in mineral deposits
that do not constitute "reserves" by SEC standards, unless such
information is required to be disclosed by the law of the Company's
jurisdiction of incorporation or of a jurisdiction in which its
securities are traded. U.S. investors should also understand that
"inferred mineral resources" have a great amount of uncertainty as
to their existence and great uncertainty as to their economic and
legal feasibility. Disclosure of "contained ounces" is permitted
disclosure under Canadian regulations; however, the SEC normally
only permits issuers to report mineralization that does not
constitute "reserves" by SEC standards as in place tonnage and
grade without reference to unit measures.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Avino Silver & Gold Mines Ltd. David Wolfin
President & CEO 604.682.3701 604.682.3600 (FAX)ir@avino.com
www.avino.com
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