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Avino Samples Further High Grade at San Gonzalo Mine
Published : January 29, 2013
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 29, 2013) - Avino Silver & Gold Mines Ltd. (News - Market indicators)(NYSE MKT:ASM)(FRANKFURT:GV6) ("Avino" or "the Company") is pleased to provide the following update of activities at its San Gonzalo Mine 80 km North East of Durango, Mexico.

San Gonzalo Development

Avino continues with underground development extending the decline from level 4 to level 5. The decline has advanced approximately 320 metres with 47 metres remaining to reach the level 5 elevation of 2,130 metres. 

This week, Avino received several new pieces of equipment from Caterpillar which will speed up the ramp advance to level 5. The new equipment was purchased using Avino's new credit facility through Caterpillar announced in the news release dated December 20th, 2012. The new equipment includes:

  • Scoop tram
  • Jumbo
  • Loader

On the level 4 (elevation 2,175 metres) of the San Gonzalo mine, Avino has been mining both to the NW and SE of the bottom of the old shaft. Avino now has sample assay results from 157 metres of the vein NW of the shaft and 197 metres SE of the shaft. Avino is still waiting for assays from approximately 32 metres at the end of the SE section.

Avino staff channel sample the face after each round. These samples are analyzed for silver, gold, copper, lead and zinc by fire assay and AA methods at the Company's lab at the mine, providing an estimate of vein width and grade. Channel samples are then taken from the back and sent to be assayed by Inspectorate Labs for public release in compliance with NI 43-101 (Refer to assay methods in QA/QC section below). The lengths sampled to date are as follows:

North West of Cross Cut (old shaft)
Length along vein (m) Average
Width (m)
Silver
(g/t)
Gold
(g/t)
Copper
(ppm)
Lead
(ppm)
Zinc
(ppm)
27.89 1.88 702 3.45 740 8,260 10,810
14.14 1.46 85 0.72 330 4,810 8,400
49.29 2.07 494 2.54 790 14,820 26,100
10.18 2.22 1,380 3.24 1,180 9,420 21,120
27.50 1.91 335 1.37 700 7,180 13,350
9.38 1.47 34 0.19 190 2,440 5,630
18.54 1.26 226 0.78 300 2,760 4,860
156.92            
South East of Cross Cut (old shaft)
Length along vein (m) Average
Width (m)
Silver
(g/t)
Gold
(g/t)
Copper
(ppm)
Lead
(ppm)
Zinc
(ppm)
4.6 1.47 13 0.09 110 1,660 2,080
30.72 2.41 483 2.66 642 7,390 17,026
16.89 1.38 61 0.40 710 1,690 2,490
8.07 1.08 87 0.62 510 2,480 7,140
16.34 1.18 23 0.14 180 1,290 2,690
9.0 1.29 197 0.46 690 4,200 4,790
7.29 1.30 97 0.76 630 5,350 11,390
6.19 1.46 43 0.21 200 800 2,300
24.37 1.87 1,141 3.28 800 4,600 6,700
13.53 1.32 400 1.39 500 2,400 6,000
4.77 0.88 72 0.79 600 600 1,500
4.47 1.67 226 1.00 1,100 2,200 2,200
7.98 2.40 1,336 11.32 1,300 6,600 5,500
10.85 2.49 281 1.26 400 2,500 5,500
12.09 1.25 137 0.71 500 1,300 2,700
4.33 1.75 201 1.05 800 1,600 2,000
7.37 1.10 367 0.93 800 1,800 3,200
7.82 1.88 433 1.18 600 1,800 5,100
196.68            

The overall lengths shown in the Nov 1, 2012 news release have been re-calculated over shorter more detailed lengths in order to facilitate stope design.

Stope 4-100 (see long section on Avino's website: http://www.avino.com/i/pdf/SGSamplesJan292013.pdf) is supplying material to Avino's San Gonzalo stock pile. The long section map also shows that Avino has started the initial cut on stope 4-200, which will mine material from below stopes 3 and 2-200 along the high grade material shown in the above table.

Total stockpile tonnage from San Gonzalo to date is 17,753 tonnes and consists of development and mineralized material from levels 2, 3 and 4 and the draw down from stope 3-200.

There was no concentrate held in inventory after the first week of January as all of the remaining 2012 production was shipped to Manzanillo and sold. 

Quality Assurance/Qualified Person(s)

Assays of the channel samples were analyzed at Inspectorate labs in Reno, Nevada. Gold analyses were by 30-gram fire assay with an atomic absorption finish. Gold "overlimits" were re-analyzed with 30g fire assay with a gravimetric finish. Silver, copper, 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 and gold being reanalyzed with assay procedures using fire assay and gravimetric.

Avino's projects are under the supervision of Chris Sampson, P.Eng, BSc, ARSM Avino Consultant and Mr. 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.

About Avino

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.

Avino's primary goal is to become a significant low-cost primary silver producer with specific objectives to expand resources and reserves, to increase the mines output and to identify, explore and develop new targets on the property.

ON BEHALF OF THE BOARD

David Wolfin, President & CEO

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 that it is our target to become a significant low-cost primary silver producer, to expand our resources and reserves, to increase the mines output and to identify, explore and develop new targets on the property. 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. We are subject to certain risks including those set forth in our annual report on Form 20-F and other filings with the Securities and Exchange Commission and our filings on SEDAR. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. You are cautioned not to unduly rely on such forward-looking statements when evaluating the information presented herein.

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.

Avino Silver & Gold Mines Ltd.
David Wolfin
President & CEO
604.682.3701
604.682.3600 (FAX)
ir@avino.com
www.avino.com
Companies Mentionned : Atomic | Durango | Total |
Data and Statistics for these countries : Mexico | All
Gold and Silver Prices for these countries : Mexico | All

Avino Silver and Gold Mines

PRODUCER
CODE : ASM.V
ISIN : CA0539061030
CUSIP : 460374 10 1
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Avino Silver is a producing silver and gold company based in Canada.

Avino Silver holds various exploration projects in Canada.

Its main asset in production is AVINO MINE in Mexico and its main exploration properties are MINTO, OLYMPIC-KELVIN, EAGLE and AUMAX in Canada.

Avino Silver is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 44.5 millions as of today (US$ 33.5 millions, € 30.1 millions).

Its stock quote reached its lowest recent point on June 28, 2013 at CA$ 0.75, and its highest recent level on February 21, 2014 at CA$ 3.13.

Avino Silver has 36 440 000 shares outstanding.

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Annual reports of Avino Silver and Gold Mines
2006 Annual report
Nominations of Avino Silver and Gold Mines
1/19/2011MR. JASMAN YEE, P. ENG, ACCEPTS APPOINTMENT AS AVINO BOARD M...
Financials of Avino Silver and Gold Mines
3/23/2015Reports 2014 Financial Results of $2,514,169, $0.08 Per Shar...
Project news of Avino Silver and Gold Mines
10/15/2013Q3/September Production Report
9/9/2013August Production Report
8/8/2013July Production Report
5/13/2013April Production Report
4/5/2013Q1/March Production Report
3/14/2013February Production Report
2/12/2013January Production Report
1/7/2013December Production Report
12/5/2012November Production Report
12/5/2012November Production Report
11/7/2012October Production Report
10/24/2012Operational Update & Q3 Production Report
9/27/2011Avino Silver Drills 1.35m of 451 g/t Ag at Guadalupe
5/3/2011SAMPLES 2.10M of 536 g/t AG, 1.692 g/t AU AT SAN GONZALO
4/12/2011to Attend 2011 Chicago Resource Expo
2/18/2011(Avino Mine)PROVIDES UPDATE ON SAN GONZALO BULK SAMPLE AND 2011 DRILL PR...
2/2/2011(Avino Mine)PROVIDES UPDATE ON SAN GONZALO MINING & MILLING AND COMMENCE...
1/11/2011(Avino Mine)SAMPLES UP TO 0.65M OF 4576 G/T AG & 9.09 G/T AU AT SAN GONZ...
11/9/2010(Avino Mine)SAMPLES UP TO 13.95 G/T AU, 842 G/T AG AT SAN GONZALO
9/17/2008 REPORTS FURTHER HIGH-GRADE DRILL RESULTS FROM SAN GONZALO Z...
5/26/2008(Avino Mine) PROVIDES MEXICO PROGRESS UPDATE
4/24/2008(Avino Mine) San Gonzalo Vein Yields 93% Silver Recovery By Bulk Floatat...
9/26/2007Drills 1.50 metres, 1,511.8 g/t silver, 15.77 g/t gold at Sa...
9/18/2007(Avino Mine)DRILLS 1.50 METRES, 1,511.8 g/t SILVER, 15.77 g/t GOLD AT SA...
8/15/2007(94.421 Au g/t over .5m)(1189.0 Ag g/t over .45m)
7/27/2007Intersects 3623.2 g/t Silver, 3.84 g/t Gold at San Gonzalo
Corporate news of Avino Silver and Gold Mines
8/19/2015Avino Reports Q2 2015 Financial Results: Earnings of $361,65...
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3/23/2015Avino Reports 2014 Financial Results of $2,514,169, $0.08 Pe...
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10/9/2014Plan of Arrangement Supported by Bralorne Shareholders
9/20/2014Stock Option Grant
9/9/2014Avino Mine Re-Opening Update
9/5/2014Avino Announces Upcoming Investor Events
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8/20/2014Avino Reports Second Quarter 2014 Financial Results
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7/10/2014Avino Announces Q2 Production Including Substantial Year-Ove...
7/9/2014Avino Closes Previously Announced Acquisition of Common Shar...
11/4/2013Completes Level 5 Sampling at San Gonzalo
10/1/2013& Gold Mines Ltd.: San Gonzalo Mine-Level 5 Underground Deve...
9/16/2013San Gonzalo Update
8/30/2013Reports Q2, 2013 Net Earnings of $1.45 Million "$0.05" per S...
8/13/2013Retains Consulting Mining Engineer
7/29/2013Recognized With Safety Award
7/24/2013Files Technical Report on SEDAR
7/12/2013& Gold Mines Ltd.: Re-Pricing of Insiders' Stock Option
7/5/2013Announces Results of Annual General and Special Meeting
4/29/2013Doubles Processing Capacity to 500 Tonnes Per Day With Secon...
4/23/2013Announces Implementation of Shareholder Rights Plan
3/4/2013Reports on Mine Expansion Plans, Now Targeting 1,500 TPD Mil...
2/5/2013Provides 2012 Year End Summary and Outlook for 2013
1/29/2013Samples Further High Grade at San Gonzalo Mine
12/20/2012Announces $5 Million Credit Facilty With Caterpillar Finance
12/11/2012& Gold Mines Ltd.: Appointment of Chief Operating Officer
11/1/2012Samples 14,768 g/t Ag Over 0.4 m at San Gonzalo Mine
9/19/2012Operational Update
7/31/2012AVINO SILVER & GOLD MINES LTD. ENTERS INTO OPTION AGREEMENT ...
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7/18/2012AVINO SILVER & GOLD MINES LTD: CLARIFICATION AND RETRACTION...
6/12/2012Avino Silver & Gold Mines - Proxy Vote Reminder
7/18/2011Makes Further Progress at San Gonzalo and Guadalupe
7/11/2011REPORTS RESULTS OF SAN GONZALO BULK SAMPLE
6/9/2011COMPLETES SAN GONZALO BULK SAMPLING PROGRAM
4/6/2011Sells First 200 Tonnes of Concentrate From San Gonzalo Bulk ...
12/26/2010PROVIDES YEAR END SUMMARY AND OUTLOOK FOR 2011
12/26/2010CLOSES $5.1 MILLION FINANCING
12/10/2010Announces $5.1 Million Financing
9/28/2010ASSAYS UP TO 0.80 M OF 5,522 G/T AG & 1.304 G/T AU AT SAN GO...
7/28/2010Featured in the Midas Letter
6/22/2010Releases New Corporate Video
5/28/2010At the 2010 World Resource Conference in Vancouver
5/5/2010At the 2010 New York Hard Assets Conference May 10-11, 2010
3/4/2010& Gold Mines Ltd - SAN GONZALO BULK SAMPLING PROGRAM UPDATE
1/28/2010& Gold Mines Ltd - San Gonzalo - Bulk Sample Update
12/1/2009Prepares For The 10.000 Tonne Bulk Sample
10/13/2009Reports on Progress Towards Bulk Sampling and Production
6/11/2009Update
4/9/2009LETTER UPDATE - AVINO SILVER & GOLD MINES LTD.
2/17/2009& GOLD MINES LTD. - NEWS RELEASE
11/25/2008& Gold MInes Ltd - News Release
11/14/2008MEGA SILVER OPTIONS EAGLE VEIN PROPERTY KENO HILL, YUKON
10/29/2008 RECEIVES MINING PERMITS
9/10/2008to Attend 2008 Silver Summit
8/5/2008Reports On Progress Towards Bulk Sampling Program
7/25/2008Reports 4.75 Million Ounce Silver Resource From San Gonzalo ...
6/5/2008TO EXHIBIT AT CAMBRIDGE HOUSE VANCOUVER 2008
9/14/2007& Gold Mines, David Morgan to attend Silver Summit 2007
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TSX-V (ASM.V)OTC BB (ASGMF.OB)
1.22+0.83%2.72+1.49%
TSX-V
CA$ 1.22
09/04 15:50 0.010
0.83%
Prev close Open
1.21 1.21
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Year l/h YTD var.
1.20 -  2.27 -20.78%
52 week l/h 52 week var.
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2,480 -0.813%
24hGold TrendPower© : -15
Produces Gold - Silver
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