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Avino Samples 2.10M of 536 g/t Ag, 1.692 g/t Au at San Gonzalo
Published : May 03, 2011
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Mots clés associés :   Avino | Copper | G Mexico | Zinc |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 3, 2011) - Avino Silver and Gold Mines Ltd. (News - Market indicators)(OTCBB:ASGMF)(BERLIN:GV6)(FRANKFURT:GV6) (Avino) provides the following update on progress at the San Gonzalo and Guadalupe deposits at the Avino property, located 82 Km North East of Durango, Mexico.

As expected (please see April 6, 2011 News Release), milling of the 10,000 tonne San Gonzalo bulk sample was completed April 2. Avino is now evaluating results of the bulk sampling program; Wardrop, A Tetra Tech Company (Wardrop) will review these results and make proposals for entering commercial production. As released April 6, two hundred tonnes of bulk concentrate from the bulk sample have been shipped to MRI. A further approximate 4,000 tonnes have been mined from San Gonzalo; milling of which should be completed by May 7. At present, approximately 270 tonnes of concentrate is stockpiled. Once milling of the current San Gonzalo ore is completed, the mill will process 17,000 tonnes of stockpiled copper, gold and silver ore from the main Avino vein. 

Wardrop mining engineers visited San Gonzalo underground workings in late March. Wardrop has recommended development by a 12% ramp (decline) in the foot wall approximately 40m from and parallel with the San Gonzalo vein. The vein can then be drilled in detail by close spaced underground drilling from cross cuts off the ramp. This will permit stope design. Wardrop's engineers feel that the planned production of 250 tonnes per day is achievable and requires three active stopes at all times.

In order to provide electricity for underground drilling and improve ventilation, Avino has decided to build the approximately 2Km of power line required from the mill to San Gonzalo. In the interim, electric power will be obtained from rented Gen Sets.

Continuous progress of Avino's regional drilling program has been achieved. The initial 11 holes were drilled at the South East end of San Gonzalo to guide in planning a new stope, 2-200, which is now being developed to the east of stope 2-140 between the 2260m and 2306m levels (for results of initial holes SG-11-01,02,03 please see February 18, 2011 News Release). Some of the recent holes were located to define the South eastern end of the vein system and intersected narrow or low values. Those with better grade intersections, and the 7 holes drilled in 2008, will be incorporated into a new block model and resource estimate that Wardrop will create for the San Gonzalo deposit.

Mining of the new stope has progressed rapidly and two sets of back (ie roof) sample results have been received from Inspectorate Labs. Location of these sample sets can be seen in a long section on Avino's website.

Assay Values (ppm)
    Width Gold Silver Lead Zinc Copper
Line 2   1.15 0.977 423 1137 3928 509
Line 3   1.50 0.513 333 1471 4066 767
Line 4   1.40 0.828 402 1340 1931 522
  Average 1.35 0.754 383 1331 3289 609
               
Line 5   1.50 0.459 176 2612 2889 392
Line 6   1.00 0.219 91 3786 4630 513
Line 7   1.25 0.679 223 737 1341 131
Line 8   1.85 1.301 178 1188 1316 240
Line 9   1.80 0.904 274 2204 774 230
Line 10   2.35 1.551 392 2819 1238 397
  Average 1.63 0.968 244 2197 1782 313
               
II Line 1   2.60 0.778 165 1261 1483 135
II Line 2   2.00 0.518 238 1635 1830 222
               
II Line 3   2.10 1.692 536 2566 2875 276
Includes Sample 158328 0.5 3.156 1151.6 3914 6096 540
               
II Line 4   1.80 1.841 397 1051 601 374
Includes Sample 158332 0.6 3.384 761.2 2310 886 725
               
II Line 5   2.50 0.546 191 692 1981 356
  Average 2.20 1.026 293 1415 1780 267

The San Gonzalo vein in the new stope 2-200 shows strong values of gold, silver, lead and zinc over mineable widths. These support the assays from the adjoining raise (L1 through L19) taken in meter intervalsover a 19 meter length. The average width was 1.23m, 2.071 g/t gold, 381 g/t silver, 5349 ppm lead, 1182 ppm zinc.

From March 22 – 28, the Avino regional program drilled 5 holes on the Guadalupe vein (for locations please see website). These holes explored higher grade areas along the Guadalupe structure which had been identified by previous surface sampling programs and a coincident IP chargeability anomaly. Results from the first two holes are as follows:

Hole# Bearing Dip From (m ) To (m ) Down Hole Intersection (m ) Gold (g/t ) Silver (g/t ) Copper (ppm ) Lead (ppm ) Zinc (ppm )
GPE-11-01 205 45 54.80   55.40   1.10   0.167   44.25   13700          
GPE 11-02 207 43 52.40   56.00   3.10   0.80   47.70   2372   2959   1435  

While these values are probably not "ore grade," the style of principal vein mineralization surrounded by a stock work of veinlets and the presence of significant copper values indicates that the Guadalupe structure has similarities to the main Avino vein that was mined by the company between 1976 and 2001. Avino is planning further drill holes at Guadalupe. The stock work nature of the mineralization at shallow depths (less than vertical 40 meters) indicates that open pit mining could be possible at Guadalupe as it was at the main Avino Vein (open pit production 1976-1992).

Founded in 1968, Avino has established a long record of mining and exploration in Mexico. The Company's focus is to bring the property to production. Avino remains well funded.

ON BEHALF OF THE BOARD

David Wolfin, President

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.

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 and Gold Mines Ltd.
David Wolfin
President
604.682.3701
604.682.3600 (FAX)
ir@avino.com
www.avino.com

Avino Silver and Gold Mines

PRODUCTEUR
CODE : ASM.V
ISIN : CA0539061030
CUSIP : 460374 10 1
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Avino Silver est une société de production minière d'argent et d'or basée au Canada.

Avino Silver détient divers projets d'exploration au Canada.

Son principal projet en production est AVINO MINE au Mexique et ses principaux projets en exploration sont MINTO, OLYMPIC-KELVIN, EAGLE et AUMAX au Canada.

Avino Silver est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 96,5 millions CA$ (77,7 millions US$, 64,6 millions €).

La valeur de son action a atteint son plus haut niveau récent le 07 mars 1997 à 4,50 CA$, et son plus bas niveau récent le 24 octobre 2008 à 0,18 CA$.

Avino Silver possède 52 440 000 actions en circulation.

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09/09/2013August Production Report
08/08/2013July Production Report
06/06/2013May Production Report
13/05/2013April Production Report
05/04/2013Q1/March Production Report
14/03/2013February Production Report
12/02/2013January Production Report
07/01/2013December Production Report
07/11/2012October Production Report
24/10/2012Operational Update & Q3 Production Report
03/05/2011SAMPLES 2.10M of 536 g/t AG, 1.692 g/t AU AT SAN GONZALO
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18/02/2011(Avino Mine)PROVIDES UPDATE ON SAN GONZALO BULK SAMPLE AND 2011 DRILL PR...
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26/05/2008(Avino Mine) PROVIDES MEXICO PROGRESS UPDATE
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15/08/2007(94.421 Au g/t over .5m)(1189.0 Ag g/t over .45m)
27/07/2007Intersects 3623.2 g/t Silver, 3.84 g/t Gold at San Gonzalo
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17/03/2015Mar 17, 2015 Fourth Quarter and Year End 2014 Financial Resu...
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17/03/2015& Gold Mines Ltd.: Fourth Quarter and Year End 2014 Financia...
04/11/2013Completes Level 5 Sampling at San Gonzalo
01/10/2013& Gold Mines Ltd.: San Gonzalo Mine-Level 5 Underground Deve...
16/09/2013San Gonzalo Update
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13/08/2013Retains Consulting Mining Engineer
29/07/2013Recognized With Safety Award
24/07/2013Files Technical Report on SEDAR
12/07/2013& Gold Mines Ltd.: Re-Pricing of Insiders' Stock Option
05/07/2013Announces Results of Annual General and Special Meeting
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29/04/2013Doubles Processing Capacity to 500 Tonnes Per Day With Secon...
23/04/2013Announces Implementation of Shareholder Rights Plan
05/02/2013Provides 2012 Year End Summary and Outlook for 2013
29/01/2013Samples Further High Grade at San Gonzalo Mine
11/12/2012& Gold Mines Ltd.: Appointment of Chief Operating Officer
01/11/2012Samples 14,768 g/t Ag Over 0.4 m at San Gonzalo Mine
19/09/2012Operational Update
31/07/2012AVINO SILVER & GOLD MINES LTD. ENTERS INTO OPTION AGREEMENT ...
27/07/2012Avino Silver & Gold Mines Ltd. Resume Trading
18/07/2012AVINO SILVER & GOLD MINES LTD: CLARIFICATION AND RETRACTION...
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09/06/2011COMPLETES SAN GONZALO BULK SAMPLING PROGRAM
06/04/2011Sells First 200 Tonnes of Concentrate From San Gonzalo Bulk ...
28/07/2010Featured in the Midas Letter
22/06/2010Releases New Corporate Video
28/05/2010At the 2010 World Resource Conference in Vancouver
05/05/2010At the 2010 New York Hard Assets Conference May 10-11, 2010
04/03/2010& Gold Mines Ltd - SAN GONZALO BULK SAMPLING PROGRAM UPDATE
28/01/2010& Gold Mines Ltd - San Gonzalo - Bulk Sample Update
01/12/2009Prepares For The 10.000 Tonne Bulk Sample
13/10/2009Reports on Progress Towards Bulk Sampling and Production
11/06/2009Update
17/02/2009& GOLD MINES LTD. - NEWS RELEASE
25/11/2008& Gold MInes Ltd - News Release
14/11/2008MEGA SILVER OPTIONS EAGLE VEIN PROPERTY KENO HILL, YUKON
10/09/2008to Attend 2008 Silver Summit
05/08/2008Reports On Progress Towards Bulk Sampling Program
25/07/2008Reports 4.75 Million Ounce Silver Resource From San Gonzalo ...
05/06/2008TO EXHIBIT AT CAMBRIDGE HOUSE VANCOUVER 2008
14/09/2007& Gold Mines, David Morgan to attend Silver Summit 2007
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