Avino Reports Further High-Grade Drill Results From San Gonzalo Zone-Drills 3.0 m of 10.28 g/t Gold and 545 g/t Silver
September 17 2008 - 11:52AM
Marketwired Canada
Avino Silver & Gold Mines Ltd. (TSX
VENTURE:ASM)(OTCBB:ASGMF)(FRANKFURT:GV6)(BERLIN:GV6)has reported further
high-grade silver and gold assays from drilling at the Avino Mine property near
Durango, Mexico. The new results, from the San Gonzalo zone located northeast of
the original mine workings, include some of the best values recorded since
drilling began on the vein in 2006.
Hole SG-08-01 on the San Gonzalo vein intersected a 2.75-metre zone 1.13 g/t
gold and 155 g/t silver of gold and silver mineralization with the following
values:
SG-08-01
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From To Length Au Ag Cu Pb Zn
(m) (m) (m) (g/t) (g/t) (ppm) (ppm) (ppm)
----------------------------------------------------------------
143.05 144.40 1.35 1.330 168.6 309 530 3598
----------------------------------------------------------------
144.40 145.80 1.40 0.930 142.1 131 560 1540
----------------------------------------------------------------
Hole SG-08-02 intersected two zones of mineralization. The first zone, located
above the San Gonzalo vein in the hanging wall, measured 1.60 metres grading
1.72 g/t gold and 704 g/t silver. The second zone, located within the vein,
measured 3.0 metres grading 10.28 g/t gold and 545 g/t silver. Intersection and
grade details were as follows:
SG-08-02
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From To Length Au Ag Cu Pb Zn
(m) (m) (m) (g/t) (g/t) (ppm) (ppm) (ppm)
----------------------------------------------------------------
257.50 258.05 .55 .420 150.2 318 2832 5393
----------------------------------------------------------------
258.05 258.70 .65 3.840 1564.4 264 13100 13900
----------------------------------------------------------------
258.70 259.10 .40 0.075 68.1 79 266 502
----------------------------------------------------------------
----------------------------------------------------------------
263.05 263.75 .70 10.765 1275.6 7394 106000 146000
----------------------------------------------------------------
263.75 263.95 .20 0.115 62.3 364 4916 31000
----------------------------------------------------------------
263.95 264.70 .75 2.606 587.4 4327 76200 200000
----------------------------------------------------------------
264.70 265.30 .60 7.337 224.1 2363 146000 355000
----------------------------------------------------------------
264.30 266.05 .75 22.560 204.2 917 80000 126000
----------------------------------------------------------------
SG-08-02 was drilled to explore a gap between previous holes SG-07-14 (5.40 m @
1.52 g/t gold and 774 g/t silver) and hole SG-07-22 (2.26 m. @ 1.497 g/t gold
152g/t silver).
Further infill drilling is also underway to upgrade and expand the current NI
43-101 resource. Please visit www.avino.com to view the Longitudinal Section
diagram showing location of San Gonzalo holes.
Progress Continues Towards San Gonzalo Bulk Sampling
The planned bulk sampling program for San Gonzalo is progressing on schedule and
within budget. All necessary permit applications (explosives, environmental and
operational), are complete, with written approvals expected shortly from
government agencies. Refurbishing of the mill is nearly complete, including
upgrades to the flotation system, cyclone and filters. The company is in
discussions with potential buyers of the concentrate and also with contractors
for crushing and extraction of material from the San Gonzalo vein.
Avino's Regional Drilling Program
Avino has also conducted drilling on regional targets on the large Avino mine
property including La Blanca, San Jose, Santa Ana, Aquila Mexicana and
Elena/Tolosa. The results are summarized below:
La Blanca: Two holes - LBL 08-01 and 02
Neither hole intersected significant mineralization.
San Jose Area: Six holes - SJ-08-01 thru 06
No significant intersections were reported, except for SJ-08-03 which
intersected 0.4 metres @ 0.745 g/t gold and 98.5 g/t silver in what may be the
La Estela vein. Minor intersections were reported in SJ-09-06
Santa Ana Area: Four holes - STA-08-01 thru 04
Minor intersections reported in STA-08-04 but nothing significant.
Aguila Mexicana: Seven holes - AM-08-01 thru 07
Hole AM-08-02 intersected 5.05 metres @ 0.49 g/t gold 75.38 g/t silver.
AM-08-02 Details
----------------------------------------------------------------
From To Length Au Ag Cu Pb Zn
(m) (m) (m) (g/t) (g/t) (ppm) (ppm) (ppm)
----------------------------------------------------------------
195.05 195.90 .85 .221 189.4 155 238 438
----------------------------------------------------------------
195.90 196.80 .90 .100 19.1 139 155 384
----------------------------------------------------------------
196.80 197.90 1.10 .245 82.6 738 14400 34000
----------------------------------------------------------------
197.90 199.10 1.20 .905 42.1 467 13800 46500
----------------------------------------------------------------
199.10 200.10 1.00 1.046 77.1 1552 3977
----------------------------------------------------------------
Hole AM-08-04 intersected 3.30 metres grading 0.34 g/t gold and 151 g/t silver.
AM-08-04 Details:
----------------------------------------------------------------
From To Length Au Ag Cu Pb Zn
(m) (m) (m) (g/t) (g/t) (ppm) (ppm) (ppm)
----------------------------------------------------------------
205.10 206.15 1.05 0.309 85.4 1092 4672 4835
----------------------------------------------------------------
206.15 207.15 1.00 0.259 132.7 3278 6780 1116
----------------------------------------------------------------
207.15 207.80 .65 0.600 277.4 1017 1979 1020
----------------------------------------------------------------
207.80 208.40 .60 0.243 159.4 693 786 693
----------------------------------------------------------------
AM-08-02 AND AM-08-04 generated the first good drill values from the Aguila
Mexicana zone, and they represent viable targets for future exploration.
Avino vein (Elena/Tolos or ET Vein)
Eight holes (ET-08-01 thru ET-08-08) were drilled on the main Avino Vein or ET
Zone. These holes are part of a series of holes drilled in 2006 and 2007.
Details of the drilling will be released separately. Production from the Avino
Vein ceased in November 2001 when the mine closed due low metals prices and
closure of a key smelter.
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.
This news release was prepared by Chris J. Sampson, 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)
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