ASM Avino Silver And Gold Mines Ltd (delisted)

Avino Silver & Gold Mines Ltd. ("Avino" or the "Company") (TSX
VENTURE:ASM)(OTCBB:ASGMF)(BERLIN:GV6)(FRANKFURT:GV6) is pleased to announce the
completion of the first NI 43-101 resource calculation from the company's San
Gonzalo deposit at the Avino Mine holdings near Durango in west-central Mexico.
The inferred resource, compiled by Dave Gunning, P.Eng., of Orequest Consultants
Ltd. ("Orequest"), concerns the San Gonzalo vein only. Orequest estimated the
resource contained 4.75 million ounces of silver and 37,300 ounces of gold,
calculated as follows:




               Ag        Au    Zinc    Lead
Tonnes        g/t       g/t       %       %
-------------------------------------------
444,250       332      2.61     1.5     1.0



The figures were compiled from surface drilling at San Gonzalo (January to
December 2007, 40 holes, 9,204 metres), which produced some significant silver
intersections as reported in our May 26, 2008 news release.


In his report to Avino, Dave Gunning noted: "Polygons were created around drill
holes based on a cutoff grade of 150 grams per tonne equivalent silver (a 50:1
ratio of gold to silver was used) and minimum vein thicknesses of 1.2 metres.
The average density measured by staff was 2.64 which was used to calculate
polygonal tonnage. Individual high-grade samples (a total of 4) were cut to 1500
g/t silver."


Gunning also reported that approximately 43,000 tonnes of material surrounded
the existing San Gonzalo mine workings which, based on historic sample results,
was estimated to grade 596 g/t silver. No gold assays were available, and the
results could not be verified nor could the actual outlines of the workings.
Recent drilling has, however, helped to validate the grades. This tonnage will
remain historic in nature until further development can make the figures more
reliable.


"We are extremely encouraged by the San Gonzalo resource figures," said Avino
President David Wolfin. "This area of the property holds significant expansion
potential, and we will focus our near-term exploration on both upgrading and
increasing the current resource."


Based on the results, Avino is proceeding with a 10,000-tonne bulk sample of San
Gonzalo ore. The bulk sample will confirm grade and tonnage of a specific block
of ground in the core of the deposit and compare grade with that from the
surface drilling. It will also provide concentrate for testing at various
smelters. Concurrently, the company is re-commissioning the Avino mill to
process the sample at the rate of 250 tonnes per day.


This news release was reviewed by Dave Gunning, P.Eng., a qualified person under
NI 43-101.


Founded in 1968, Avino has established a long record of mining and exploration.
The Company's focus is the acquisition and aggressive exploration of top silver
prospects throughout North America. Avino remains well funded.


ON BEHALF OF THE BOARD

David Wolfin, President

Avino Silver & Gold Mines Ltd. (TSXV:ASM)
Historical Stock Chart
From May 2024 to Jun 2024

Avino Silver & Gold Mines Ltd. (TSXV:ASM)
Historical Stock Chart
From Jun 2023 to Jun 2024