EX-99.1 2 avino_ex991.htm PRESS RELEASE avino_ex991.htm
EXHIBIT 99.1
 
T 604.682.3701
F 604.682.3600
Suite 900, 570 Granville Street ir@avino.com
Vancouver, BC V6C 3P1 www.avino.com

 
May 14, 2012
NYSE - AMEX: ASM
TSX-V: ASM
Berlin & FSE: GV6
 
AVINO UPDATES PROGRESS AT SAN GONZALO


Avino Silver & Gold Mines Ltd. (“Avino” or “The Company”) is pleased to provide the following update on the progress made at its San Gonzalo Mine located 82 KM NE of Durango, Mexico.

The decline to the fourth level is nearly complete with only 79 m remaining until level four is reached.  A 40 m cross cut will then be driven to access the San Gonzalo vein on the fourth level.  Avino will then drift along the vein and collect channel samples.  We expect to be in the vein on level 4 by July.  Please see the map on Avino’s website for details.

On the third level, Avino has drifted 94.9 m to the North West and 124.89 m to the South East along the vein; sampling and assay results from along the vein are as follows.
 
  Area
Strike
Length (m)
Vein Average
Width (m)
Individual
Sample Width
Gold (g/t)
Silver (g/t)
Lead (%)
Zinc (%)
Copper (%)
 
4.33
2.7
 
0.953
289
0.08
0.23
0.02
 
Including: L-60W
 
1.4
0.990
411.3
0.1043
0.2678
0.0252
 
L-62W
 
0.55
1.234
451.4
0.0989
0.2715
0.0425
   
0.65
0.680
305.3
0.0624
0.4376
0.0471
   
0.8
0.959
225.3
0.0319
0.2154
0.0148
   
0.35
0.696
382.3
0. 0556
0.3821
0.0235
                 
 
13.28
2.77
 
0.704
146
0.34
0.4
0.03
 
Including: L-51W
 
0.5
1.278
319.9
3.82
3.63
0.147
 
L-54W
 
1
2.616
528.7
0.1952
0.2605
0.0446
 
L-55W
 
1.2
1.676
607.5
0.318
0.6036
0.0396
 
L-57W
 
1.2
2.459
246
0.0549
0.1933
0.0212
 
L-58W
 
1.25
0.798
359.9
0.153
0.2937
0.0399
                 
 
7.5
1.53
 
0.13
34
0.12
0.6100
0.03
                 
 
9.01
2.3
 
0.75
213
0.19
1.15
0.05
North West
Including: L-41W
 
0.9
1.005
225.4
0.2816
3.18
0.0263
of Cross Cut
 
0.65
1.353
653.2
0.3813
1.54
0.049
 
L-44W
 
0.7
1.079
663.8
0.243
0.9504
0.0729
 
L-45W
 
0.4
1.015
749.7
0.1511
0.4027
0.0586
                 
 
15.33
2.02
 
0.376
42
0.12
0.31
0.02
                 
 
15.68
2.2
 
0.508
126
0.027
0.07
0.003
 
Including: L-20W
 
0.55
0.695
339.9
0.1592
0.03491
0.0617
 
L-22W
 
0.50
2.955
2684.7
0.4313
0.4481
0.0349
 
L-24W
 
0.50
2.507
571.4
0.2481
0.5343
0.0541
 
L-27W
 
0.4
1.577
1377
0.2796
1.07
0.047
                 
 
4.81
1.73
 
0.139
51
0.007
0.025
0.007
 
Including: L-16W
 
0.50
1.317
706
0.2344
0.34
0.0729
                 
 
7.97
1.69
 
0.45
203
0.2426
0.3246
1.469
 
Including: L-12W
 
0.50
1.099
1025.6
0.193
0.2334
0.0765
                 
 
16.99
1.23
 
0.37
58
0.3235
0.4224
1.38
 
Including: L-6W
 
0.30
3.074
395.3
3.3
0.5167
2.14
 
L-7W
 
0.50
2.451
229.7
0.2991
0.1684
0.9984
 
94.9
1.99
           
 
 
1

 
 
 
15.08
1.6
 
0.513
90
0.089
0.38
0.091
 
Including: L-6E
 
0.9
1.589
215
0.0618
0.2054
0.0166
     
0.9
2.699
445
0.00896
0.2016
0.0135
                 
 
19.03
2.01
 
1.06
277
0.829
1.021
0.058
 
Including: L-12E
 
0.7
1.759
4358.8
1.83
1.54
0.1304
 
L-14E
 
1.2
1.275
322
0.1359
0.5529
0.025
     
0.8
3.538
460
0.1884
0.605
0.0479
 
L-17E
 
0.4
6.037
219
6.02
12.27
0.3053
     
0.4
0.872
602
0.4677
0.746
0.0505
 
L-20E
 
0.8
1.944
689
0.2844
0.7389
0.1288
 
L-21E
 
0.5
2.909
1756.9
0.4395
0.9622
0.1015
 
L-23E
 
0.4
3.365
2453.8
0.4767
1.06
0.1171
South East
               
  of Cross Cut
8.21
1.85
 
0.21
34
0.253
0.68
0.011
                 
 
23.14
2.75
 
0.916
431
0.276
0.657
0.026
 
Including: L-31E
 
0.7
0.908
527
0.1778
0.7445
0.0157
 
L-32E
 
0.95
2.061
1233
0.2243
0.6851
0.0394
 
L-33E
 
0.65
1.053
603
0.1741
0.591
0.0309
     
0.55
2.606
2719.3
1.26
1.59
0.1296
 
L-34E
 
0.95
2.889
1635
0.7876
1.28
0.041
 
L-38E
 
0.6
1.555
1492
0.2565
0.6088
0.0414
 
L-39E
 
0.7
0.603
303
0.0975
0.1529
0.0203
     
1.1
2.29
1770.7
0.2642
0.2195
0.0424
 
L-41E
 
1
1.032
589
0.0806
0.165
0.0204
     
0.2
0.366
676
0.1782
0.4123
0.0281
 
L-42E
 
0.6
1.427
1402
0.1562
0.2879
0.0487
     
0.8
2.111
1851.4
0.7683
0.9447
0.0525
     
0.9
2.556
1117
0.3795
0.2116
0.0449
     
0.4
1.923
4894.7
1.2900
0.2659
0.1001
  L-43E  
1.1
1.347
884
0.1547
0.372
0.0278
     
0.65
6.397
5348.4
2.53
1.94
0.1204
                 
  6
1.96
 
0.244
72
0.66
0.316
0.036
                 
  5.79
1.77
 
0.169
44
0.083
0.584
0.013
  77.25
2.11
   
 
The remaining 47.6 m of vein is still of mineable-width but grades are low (see website)

Stope development has started on the third level on the 172.15 m length of vein.  Raises have been completed to join level three stopes to level two.  Average width of the vein shown above are calculated from 3 to 6 channel samples collected from one metre spaced lines across the vein and surrounding wall rock.

Samples were shipped to Inspectorate labs for analysis for Au, Ag, AS, Bi, Cu, Mo, Pb, Sb, Zn and Hg. Samples were crushed and ground in Durango with pulps assayed in Reno, NV using fire assay and AA finish for gold, four acid digestion and AA for most silver with fire assay and gravimetric finish for very high silver, Aqua Regia digestion and ICP for base metals.

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 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. 

Our primary goal is to become a significant low cost primary silver producer. Our specific objectives are to achieve full time commercial production as soon as possible, expand resources, reserves and the mines output as well as to identify, explore and develop new targets on the property.

ON BEHALF OF THE BOARD

“David Wolfin”
________________________________
David Wolfin
President & CEO


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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