AVINO REPORTS
FURTHER HIGH-GRADE DRILL RESULTS FROM SAN GONZALO ZONE - Drills 3.0m of
10.28 g/t Gold and 545 g/t Silver
Avino Silver & Gold Mines Ltd. 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
To
(m)
|
From
(m)
|
Length
(m)
|
Au
(g/t)
|
Ag
(g/t)
|
Cu
(ppm)
|
Pb
(ppm)
|
Zn
(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
To
(m)
|
From
(m)
|
Length
(m)
|
Au
(g/t)
|
Ag
(g/t)
|
Cu
(ppm)
|
Pb
(ppm)
|
Zn
(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
|
22.650
|
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
To
(m)
|
From
(m)
|
Length
(m)
|
Au
(g/t)
|
Ag
(g/t)
|
Cu
(ppm)
|
Pb
(ppm)
|
Zn
(ppm)
|
195.05
|
195.90
|
.85
|
.221
|
189.4
|
238
|
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
(m)
|
To
(m)
|
Length
(m)
|
Au
(g/t)
|
Ag
(g/t)
|
Cu
(ppm)
|
Pb
(ppm)
|
Zn
(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�
David Wolfin, President
The TSX Venture Exchange has not
reviewed and does not accept the responsibility for the accuracy or
adequacy of this release.
This press release contains
certain forward-looking statements. Investors are cautioned that
certain statements in this release are "forward-looking
statements" and involve both known and unknown risks,
uncertainties and other factors. Such uncertainties include, among
others, certain risks associated with the operation of the company
described above. The Company's actual results could differ materially
from expected results.
|