Avino Silver & Gold Mines Ltd. ("Avino" or "The Company") (TSX VENTURE:ASM)(NYSE
Amex:ASM)(BERLIN:GV6)(FRANKFURT:GV6) is pleased to announce the results from
first hole of the 2012 drill program on the Elena - Tolosa ("ET") zone at its
main mine located 80 km NE of Durango, Mexico.


The hole is part of a program to explore an area of the main Avino vein system
below the 12th level of the mine where the company ceased mining in 2001 due to
low metals prices and the closure of a key smelter. 


Remaining resources at the time of the closure, mostly below level 11 (as
calculated by mine staff, historic, non NI43-101 compliant) were 1,681,253 tons
at 100 g/t silver, 0.92 g/t gold and 0.63% copper. Drilling in the area between
2006 and 2012 will significantly add to this total. 


In February 2012, Avino announced a new agreement allowing the company to once
again mine main Avino vein (see news release dated Feb 12 2012). The 2012 drill
program on the main Avino vein is intended to increase confidence in the
resource as well as to expand tonnage and is the first step towards bringing the
mine back on line.


When the 2012 drill program is completed, results from 30 holes drilled between
2006 and 2012 will be computed into a new NI 43-101 compliant resource estimate
of the potential resource below the 12th level. The drill is currently on hole
#5 and results will be released as they are received.


As shown on Avino's website, the 2012 holes fill gaps between holes drilled by
the company in 2006, 2007 and 2008. As shown on the map, the 2012 program will
consist of 11 holes. 


The Avino deposit strikes approximately east-west and dips at 60-70 degrees to
the south. All holes to explore the vein zone area are therefore drilled from
south to north at various bearings and dip angles in order to intersect the
structure at a given depth.




----------------------------------------------------------------------------
                                   Down Hole                                
                                Intersection  Length  Silver    Gold  Copper
Hole #     Bearing     Dip        (from - to)     (m)   (g/t)   (g/t)      %
----------------------------------------------------------------------------
ET-12-01       332      62   246.30 - 275.10   28.80     142   0.352   0.481
----------------------------------------------------------------------------
                Including:    254.40 -275.10   20.70     175    0.36   0.577
----------------------------------------------------------------------------



Holes are drilled using Avino's own Long year 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.


Founded in 1968, Avino's mission is to create shareholder value through
profitable 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. 


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 Jun 2024 to Jul 2024 Click Here for more Avino Silver & Gold Mines Ltd. Charts.
Avino Silver & Gold Mines Ltd. (TSXV:ASM)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Avino Silver & Gold Mines Ltd. Charts.