EX-99.1 2 avino_ex991.htm PRESS RELEASE avino_ex991.htm
 
EXHIBIT  99.1
 
   
AVINO SILVER & 
GOLD MINES LTD.
 
 
T 604.682.3701
F 604.682.3600
 
 
Suite 400, 455 Granville Street 
Vancouver, BC V6C 1T1
 
 
ir@avino.com
www.avino.com
 
July 18, 2011
 TSX-V: ASM
U.S. OTC BB: ASGMF
Berlin & FSE: GV6
 
Avino Makes Further Progress at San Gonzalo and Guadalupe

Avino Silver and Gold Mines Ltd  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

Avino’s regional drilling program is continuing and so far this year 44 holes have been drilled for a total of approximately 5000 meters.  The holes have explored several different targets: San Gonzalo (11 holes), Guadalupe (13 holes), San Juventino (3 holes), San Lucero (5 holes), Mercedes (1 hole), San Jorge (3 holes), Yolanda (2 holes). The drill is currently on the fourth hole at La Postosina.

As proposed in the May 3rd 2011 news release, Avino has drilled a further 8 holes (GPE 11-03 through GPE-11-12) at Guadalupe as a follow up to significant intersections in holes GPE 11-01 and GPE 11-02.  Location of the holes can be seen in plan and section view on Avino’s website.

Assay results as follows:

Hole GPE 11-03
 
From
 
To
 
Length
 
Description
Gold
Silver
Copper
Lead
Zinc
(g/t)
ppm
47.20
47.40
0.20
Guadalupe Vein Mineralized zone of veinlets & breccia
0.498
547.7
1261
2534
2622
47.40
48.60
1.20
0.033
12.8
1621
514
1706
48.60
49.80
1.20
0.022
14
840
1472
1192
49.80
50.65
0.85
0.635
467.7
2578
4402
2036

Average 47.20 – 50.65m (3.45 m down hole length) 0.20 g/t gold, 156.3 g/t silver.
 
Hole GPE 11-05
 
From
 
To
 
Length
 
Description
Gold
Silver
Copper
Lead
Zinc
(g/t)
ppm
20.75
21.95
1.20
Guadalupe veinlets & breccia
0.034
44.9
932
1936
508
21.95
22.55
0.60
8.574
398.9
4247
18300
312

Average: 20.75 – 22.55 m (1.80 m down hole length) 2.88 g/t gold, 163 g/t silver
 
 
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Hole GPE 11-06
 
From
 
To
 
Length
 
Description
Gold
Silver
Copper
Lead
Zinc
(g/t)
ppm
62.40
63.30
0.90
Guadalupe zone
with Breccia, pyrite,
chalcopyrite
0.84
32.4
2626
3780
768
63.30
64.00
0.70
3.727
82.7
6822
3490
472
64.00
64.70
0.70
0.04
17.9
2412
2740
648
64.70
65.55
0.85
0.082
10.7
1121
2336
578
65.55
66.75
1.20
0.984
14.7
1711
4396
1360
66.75
67.30
0.55
0.219
91.1
10100
1332
742
67.30
67.65
0.35
9.323
36.6
2582
2156
1238

Average 62.40 – 67.65 (5.25 m down hole length) 1.53 g/t gold, 36 g/t silver, 3844 ppm copper, 3145 ppm lead and 846 ppm zinc.

Hole GPE 11-07
 
From
 
To
 
Length
 
Description
Gold
Silver
Copper
Lead
Zinc
(g/t)
ppm
72.10
72.45
0.35
Guadalupe vein with breccia and massive
pyrite
0.178
11.4
962
4404
2688
72.45
73.40
0.95
3.693
82.4
2468
1866
1042
73.40
73.65
0.25
1.201
59.5
5312
2038
1080
73.65
74.25
0.60
0.591
26
1374
1244
690

Average 72.10 – 74.25 (2.15m down hole length) 1.695 g/t gold, 52 g/t silver, 2284 ppm copper, 2125 ppm lead and 1216 ppm zinc

Holes GPE-11-04, 08 and 10 produced no significant assays.

Hole GPE 11-09
 
From
 
To
 
Length
 
Description
Gold
Silver
Copper
Lead
Zinc
(g/t)
ppm
66.15
66.70
0.55
Guadalupe vein with breccia and massive pyrite
0.136
157.9
1653
37000
67600
66.70
67.15
0.45
0.069
337.9
1614
118300
20500

Average 66.15-67.15 (1.0m down hole length), 0.10 g/t gold, 248 g/t silver.
 
Hole GPE 11-10
 
From
 
To
 
Length
 
Description
Gold
Silver
Copper
Lead
Zinc
(g/t)
ppm
109.10
109.70
0.60
Guadalupe vein with breccia and massive pyrite
1.371
240.2
13100
1680
4065
 
 
2

 
 
Hole GPE 11-12
 
From
 
To
 
Length
 
Description
Gold
Silver
Copper
Lead
Zinc
(g/t)
ppm
15.20
15.40
0.20
Guadalupe vein with breccia and massive pyrite
0.176
224.8
6583
908
1186

At San Gonzalo mining of stopes 2-080 and 2-200 on level 2 (2260m elevation) has continued to produce vein material with grades comparable to those predicted from the 2007 drilling as described in the NI 43-101 compliant “Resource Estimate on the San Gonzalo vein” (see Avino news release July 25, 2008)

Examples of recent sampling results in the back (roof) of the shrinkage stopes are:

Stope 2-080
 
 
Width
Gold
(g/t)
Silver
(g/t)
Lead
(ppm)
Zinc
(ppm)
Copper
(ppm)
Lines 2 - 4
1.35
0.754
383
1331
3289
609
Lines 5-10
1.63
0.968
244
2197
1782
313
II Line 1-5
2.20
1.026
293
1415
1780
267
Lines L1-5D
Lines L1-3E
2.61
1.116
243
1227
1842
203

Stope 200
 
 
Width
Gold
(g/t)
Silver
(g/t)
Lead
(ppm)
Zinc
(ppm)
Copper
(ppm)
Lines 1-5
2.64
0.856
286
4761
2887
354
Lines 1-6F
1.82
1.587
337
4588
1298
263

Locations of the sample sites and assay values can be seen on Avino’s website.

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 delivered by Avino personnel to Inspectorate Labs in Durango, Mexico.

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 inductivity couples argon plasma (‘‘ICP) package using a four-acid digestion with over-limit results being reanalyzed with assay procedures using ICP-AES.  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.

 
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ON BEHALF OF THE BOARD

“David Wolfin”
______________________________
David Wolfin, President

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.   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.


 
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