Avino Silver & Gold Mines Ltd. ("Avino") (TSX VENTURE:ASM)(OTCBB:ASGMF)(NYSE
Amex:ASM)(FRANKFURT:GV6)(BERLIN:GV6) is pleased to announce results of further
drilling at the San Gonzalo zone on the Company's property north-east of
Durango, Mexico.




----------------------------------------------------------------------------
                        Hole     Intersection                               
Hole #    Bearing Dip Length      (Down Hole         Gold Silver  Lead  Zinc
                         (m)      Length (m))       (g/t)  (g/t) (PPM) (PPM)
----------------------------------------------------------------------------
SG -11-12     218  71    312 290.85 - 291.30 (0.45)  1.04   2441 17300 12300
----------------------------------------------------------------------------
                              295.3 - 297.35 (2.05)  6.21    996  8398 13776
----------------------------------------------------------------------------
SG-11-13      218  71    345 319.70 - 323.40 (3.70)   0.1     11   217   399
----------------------------------------------------------------------------
SG-11-14      209  61    331 321.05 - 322.70 (1.65)  1.32    216  1601  4124
----------------------------------------------------------------------------
SG-11-15      211  68    363 349.65 - 350.90 (1.25)  1.16    141  6570 11856
----------------------------------------------------------------------------
SG-11-16      209  62    334        No Significant Values                   
----------------------------------------------------------------------------
SG-11-17      210  70    383 365.30 - 366.55 (1.25)  0.14    185  2646  3818
----------------------------------------------------------------------------



As shown in the longitudinal section on the website
(http://www.avino.com/i/pdf/Progress-Map-SG-Mine_01142012.pdf), Avino drilled
forty holes at San Gonzalo in 2007, seven in 2008, eleven in Feb/Mar 2011 as
well as the six holes in Oct/Nov 2011 reported above which explored areas of the
San Gonzalo vein between intersections in 2007 and 2008 holes.


Holes are drilled using Avino's own Longyear 44 core rig at thin wall NQ
diameter. Core is sawed at Avino's core storage facility at the secure mine
site. Samples of vein material, usually from a few centimeters to 1.5m, are
placed in plastic bags. The sealed sample bags are collected by personnel from
Inspectorate Labs in Durango at the mine site facilities.


Gold analyses are by 30-gram fire assay with an atomic absorption finish.
Silver, zinc and lead are analyzed as part of a multi-element inductively
coupled argon plasma (''ICP) package using a four-acid digestion with over-limit
results for silver being reanalyzed with assay procedures using fire assay and
gravimetric. The Company employs a rigorous quality control program that
includes standardized material, blanks and core duplicates.


The project is under the supervision of Chris Sampson, P.Eng, BSc, ARSM Avino
Consultant, who is a qualified person within the context of National Instrument
43-101 and has prepared and approved the technical data in this news release.


Mine development is continuing. The 3rd level cross cut intersected the San
Gonzalo vein on January 7th. The crew is currently drifting to the west along
the SG vein to connect with the old stopes. This will add to ventilation,
provide additional exit ways from the third level and enable stope development.
Meanwhile the decline is continuing towards the 4th level. Avino is purchasing
an underground electric drill. This will be used for close spaced drilling of
the SG vein in order to upgrade the resource to reserves and enable detailed
stope planning.


Founded in 1968, Avino's mission is to create shareholder value through
profitable organic growth at the historic Avino property near Durango, Mexico.
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.


Our primary goal is to build a multi-million ounce-per-year silver producer. Our
specific objectives are to achieve full time commercial production as soon as
possible, expand resources, reserves and the mines output as well as to
identify, explore and develop new targets on the property.


Avino remains in a good financial position; is debt free and well-funded to
continue its development plans.


ON BEHALF OF THE BOARD

David Wolfin, President & CEO

This release contains statements that are forward-looking statements and are
subject to various risks and uncertainties concerning the specific factors
disclosed under the heading "Risk Factors" and elsewhere in the Company's
periodic filings with Canadian securities regulators. Such information contained
herein represents management's best judgment as of the date hereof based on
information currently available. The Company does not assume the obligation to
update any forward-looking statement.
Avino Silver & Gold Mines Ltd. (TSXV:ASM)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Avino Silver & Gold Mines Ltd. Charts.
Avino Silver & Gold Mines Ltd. (TSXV:ASM)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Avino Silver & Gold Mines Ltd. Charts.