ASM Avino Silver And Gold Mines Ltd (delisted)

Avino Silver & Gold Mines Ltd. (TSX VENTURE:ASM)(NYSE MKT:ASM)(FRANKFURT:GV6)
("Avino" or "the Company") is pleased to report that the dewatering operation of
the Avino mine was completed as of May 28, 2014. This operation was initiated on
November 24th, 2012 for a total of 482 days. During this period, a total of
1,013,069 cubic metres of acidic water were pumped and treated for the removal
of base metals using lime. The treated water, which met agricultural standards
for discharge was used for mill processes and the excess was gravity fed to the
company built La Caricol dam; sludge from the water treatment was disposed of in
the tailings storage facility.


"We are excited to be entering the final phase of our current expansion on time
and on budget. The expansion will significantly increase our precious metal
output starting in the fourth quarter. Avino will continue to grow rapidly and
become a successful low-cost producer vaulting to mid-tier status in 2015."


- David Wolfin, President & CEO, Avino Silver & Gold Mines Ltd.

With the mine dewatering complete, rehabilitation work on the ramp and the
mining area of level 11.5 has commenced. Broken mineralized material that was
blasted and ready for haulage in 2001 have been identified. This material has
been sampled and assayed in the mine laboratory to determine grade and will be
hauled to the surface stockpiles if deemed viable for processing. Service piping
for air and water, together with the electrical cables are being strung to
prepare for mining.


A building to house a one Megawatt generator and air compressor has undergone
the necessary repairs and is nearing completion. This equipment which is in
stock has been ordered from Caterpillar/Maqsa using the credit facility. The
equipment is now ready for installation upon the completion of the building
repairs. The generator will supply underground power for the jumbo, ventilation
fans and mine pumps. The air compressor will supply compressed air for the
drills and the shotcrete machine for ground control.


A new jumbo and scoop for production mining are now on site and will be put into
operation once all the services are in place.


Caterpillar/Maqsa who have been commissioned to construct the power line to
supply power from the CFE grid to mill circuit 3 have advised us that they are
on schedule to have grid power available by the fourth quarter of this year
provided there are no delays in the permitting process or with the landowners
affected by the power line. Ongoing discussions have been amicable.


In the process plant, efforts are underway to ensure all the long lead items
will be delivered on time as per the supplier's schedule. 




--  Crushing plant screens - June delivery 
--  Mill clutch and starter - July delivery 
--  40ft Thickener Mechanism - June delivery 
--  Filter Press - equipment being packaged for delivery from Italy - August
    delivery 



Based on the above delivery schedules, the Company is confident Circuit #3 will
be ready as noted in our project schedule in the fourth quarter of this year.


Qualified Person(s)

Avino's projects are under the supervision of Chris Sampson, P.Eng, 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 but are not responsible for
other info.


About Avino

Avino is a silver and gold producer operating the Avino property located in
Durango, Mexico. The Company's mission is to become the next mid-tier silver
producer 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. 


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Avino Silver & Gold Mines Ltd.
David Wolfin
President & CEO
604.682.3701
604.682.3600 (FAX)
ir@avino.com
www.avino.com

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