avino_ex991.htm


	Report to:
	Avino Gold & Silver Mines Ltd.
	Resource Estimate Update for the Avino Property, Durango, Mexico
	704-EG-VMIN03003-01

		Report to:
		AVINO GOLD & SILVER MINES LTD.
		RESOURCE ESTIMATE UPDATE FOR THE AVINO PROPERTY, DURANGO, MEXICO
		EFFECTIVE DATE: FEBRUARY 21, 2018
		Prepared by:		Hassan Ghaffari, P. Eng
				Michael F. O’Brien, P.Geo., M.Sc., Pr.Sci,Nat., FAusIMM, FSAIMM
				Mark Horan, P.Eng.
				Jianhui (John) Huang, Ph.D., P.Eng.



		HG/vc




		Suite 1000, 885 Dunsmiur Street, Vancouver, British Columbia V6C 1N5 Phone: 604.408.3788 Fax: 604.684.6241

1.0	SUMMARY			1-1
	1.1	INTRODUCTION		1-1
	1.2	PROPERTY DESCRIPTION AND LOCATION		1-1
	1.3	GEOLOGY AND MINERALIZATION		1-2
		1.3.1	THE AVINO VEIN	1-4
		1.3.2	THE SAN GONZALO VEIN	1-4
		1.3.3	THE OXIDE TAILINGS	1-4
	1.4	RESOURCE ESTIMATES		1-5
	1.5	MINERAL PROCESSING, METALLURGICAL TESTING AND RECOVERY METHODS		1-7
		1.5.1	AVINO VEIN	1-7
		1.5.2	SAN GONZALO VEIN	1-8
		1.5.3	OXIDE TAILINGS	1-8
		1.5.4	SULPHIDE TAILINGS	1-8
	1.6	MINING METHODS		1-9
		1.6.1	AVINO VEIN	1-9
		1.6.2	SAN GONZALO VEIN	1-10
		1.6.3	OXIDE TAILINGS	1-10
	1.7	PROJECT INFRASTRUCTURE		1-11
	1.8	ENVIRONMENTAL		1-11
	1.9	CAPITAL AND OPERATING COSTS		1-12
		1.9.1	CAPITAL COST ESTIMATES	1-12
		1.9.2	OPERATING COST ESTIMATES	1-13
	1.10	ECONOMIC ANALYSIS		1-15
		1.10.1	AVINO AND SAN GONZALO VEINS	1-15
		1.10.2	TAILINGS RESOURCES	1-15
	1.11	RECOMMENDATIONS		1-16

2.0	INTRODUCTION			2-1
	2.1	EFFECTIVE DATES		2-1
	2.2	QUALIFIED PERSONS		2-1
	2.3	INFORMATION AND DATA SOURCES		2-3
	2.4	UNITS OF MEASUREMENT		2-3

3.0	RELIANCE ON OTHER EXPERTS			3-1

4.0	PROPERTY DESCRIPTION AND LOCATION			4-1
	4.1	LOCATION		4-1
	4.2	PROPERTY OWNERSHIP		4-2
	4.3	MINERAL CONCESSIONS AND AGREEMENTS		4-3

Table 1.1	Mineral Resources at the Avino Property	1-6
Table 1.2	Recent Production from the Avino Vein	1-9
Table 1.3	Recent Production from the San Gonzalo Vein	1-10
Table 1.4	Capital Costs for the Avino Vein (US$)	1-12
Table 1.5	Capital Costs for the San Gonzalo Vein (US$)	1-13
Table 1.6	Operating Costs for the Avino Vein (US$)	1-14
Table 1.7	Operating Costs for the San Gonzalo Vein (US$)	1-14
Table 2.1	Summary of QPs	2-2
Table 4.1	Summary of Property Ownership	4-3
Table 4.2	Mineral Concessions – Avino Property	4-4
Table 9.1	Summary Underground Channel Sampling by Level for the Avino (ET) Underground Mines	9-4
Table 9.2	Summary of Underground Channel Sampling by Level for the San Gonzalo Mine	9-4
Table 10.1	Drillholes Completed from 2007 to 2016 on the San Gonzalo Vein	10-3
Table 10.2	Drillholes Completed from 2001 to 2017 at ET Mine (includes San Luis, Avino vein and Chirumbo	10-6
Table 10.3	Drillholes Completed from 2017 to 2018 at Guadalupe and San Juventino	10-8
Table 10.4	Drillholes Drilled on Oxide Tailings 2003-2016	10-9
Table 10.5	Avino and San Gonzalo Density Data Summary	10-12
Table 12.1	Number of Records and Discrepancies for the Avino Drillhole Data	12-2
Table 12.2	Standards Specification and Performance	12-4
Table 14.1	Avino Mine – Mineral Resources	14-2
Table 14.2	Metal Grade Statistics for 2 m Composites for the Avino and San Gonzalo Vein Systems	14-12
Table 14.3	Oxide Tailings Samples by Sampling Campaign	14-13
Table 14.4	Oxide Tailings Assays by Unit	14-14
Table 14.5	Avino Vein System Density Data Summary	14-15
Table 14.6	San Gonzalo Vein System Density Data Summary	14-15
Table 14.7	Avino Vein System Variogram and Search Parameters	14-26
Table 14.8	San Gonzalo Vein System: Variogram and Search Parameters	14-27
Table 14.9	Oxide Tailings Deposit: Variogram and Search Parameters	14-27
Table 14.10	Estimation Block Model Specifications	14-28
Table 14.11	Explanation of Table 14-10	14-28
Table 14.12	Avino Vein: Block Estimates and Composite Sample Grades	14-30
Table 14.13	San Gonzalo Vein: Block Estimates and Composite Sample Grades	14-31
Table 14.14	Oxide Tailings: Block Estimates and Composite Sample Grades	14-32
Table 14.15	Criteria for Classification of Underground Mineral Resources	14-58
Table 14.16	Silver Equivalent Based Metal Prices and Operational Recovery Parameters	14-59
Table 14.17	Mineral Resource Statement for the Avino Property	14-60
Table 14.18	Avino Vein (ET and San Luis) – High Confidence/Measured	14-62
Table 14.19	Avino Vein (ET and San Luis) – Medium Confidence/Indicated	14-62
Table 14.20	Avino Vein (ET and San Luis) – Low Confidence/Inferred	14-62
Table 14.21	San Gonzalo Vein – High Confidence/Measured	14-63
Table 14.22	San Gonzalo – Medium Confidence/Indicated	14-63
Table 14.23	San Gonzalo – Low Confidence/Inferred	14-63
Table 14.24	Oxide Tailings – Medium Confidence/Indicated	14-64

Figure 1.1	General Location of the Property	1-2
Figure 1.2	Perspective View of the Property Looking North and Showing the Three Deposits	1-4
Figure 4.1	General Location of the Property	4-1
Figure 4.2	Local Property Location	4-2
Figure 4.3	Map of Avino Property Concessions	4-5
Figure 6.1	Avino Mine: Vertical Section View Showing Development and Stoping	6-2
Figure 6.2	San Gonzalo Mine: Vertical Section View Showing Development and Stoping	6-3
Figure 7.1	General Map of Property Geology	7-2
Figure 7.2	Orthogonal View of the Oxide Tailings Deposit and Drillholes	7-6
Figure 9.1	Channel and Drillhole Samples, Colour Coded by Silver Grade, within the Avino System	9-5
Figure 9.2	Channel Samples, Colour Coded by Silver Grade, within the San Gonzalo Vein System	9-5
Figure 10.1	Drillholes Completed from 2016 to 2017 on the Avino-San Luis Infill and Chirumbo, Guadalupe and San Juventino Areas	10-2
Figure 10.2	Location of Drillholes Completed from 2016 to 2017 on Drillholes Completed from 2016 to 2017 on the Guadalupe and San Juventino Veins	10-3
Figure 10.3	Location of Drillholes Completed from 2015 to 2016 on the Oxide Tailings	10-11
Figure 12.1	Standard 1307_ME-1307 – Gold Performance	12-5
Figure 12.2	Standard CDN-ME-1307 – Silver Performance	12-6
Figure 12.3	Standard CDN-ME-1307 – Copper Performance	12-6
Figure 12.4	Standard CDN-ME-1414 – Gold Performance	12-7

above mean sea level		amsl
acre		ac
ampere		A
annum (year)		a
billion		B
billion tonnes		Bt

acid-base accounting		ABA
Aranz Geo Expert Services		Aranz Geo
atomic absorption		AA
Avino Silver & Gold Mines Ltd.		Avino
caliper volume		CV
Canadian Institute of Mining, Metalurgy, and Petroleum		CIM
Cannon-Hicks & Associates Ltd.		Cannon-Hicks
certified reference material		CRM
Compañía Minera Mexicana de Avino		CMMA
Compañía Minera Mexicana de Avino, S.A. de C.V.		Avino Mexico
Convention on International Trade in Endangered Species of Wild Fauna and Flora		CITES
copper sulphate		CuS0₄
copper		Cu
dissolved oxygen		dO₂
east		E
Electrometals Electrowinning		EMEW
Elena Toloso Mine		ET
San Gonzalo Mine		SG
Environmental Impact Assessment Matter Regulation/

Avino Silver & Gold Mines Ltd. (Avino) is a Canadian-based mining and exploration company listed on the Toronto Stock Exchange (TSX) and the NYSE-American with precious metal properties in Mexico and Canada.

The Avino Mine (the Property or the Project), near Durango, Mexico, is Avino’s principal asset and is the subject of this Technical Report, which includes a current Mineral Resource estimate for the Avino Veins at the Elena Tolosa Mine (ET), San Gonzalo Veins at the San Gonzalo Mine (SG) and for the oxide tailings deposit.

Avino holds a 99.67% interest in the Property through its subsidiary companies called Compañía Minera Mexicana de Avino, S.A. de C.V. (CMMA) and Promotora Avino, S.A. de C.V. Avino commenced development, including drilling and bulk sampling, on the San Gonzalo Vein in 2010 and this work is ongoing. This marks the resumption of activity on the Property since 2001, when low metal prices and the closure of a key smelter caused the mine to close after having been in operation continuously for 27 years. Between 1976 and 2001, the mine produced approximately 497 t of silver, 3 t of gold, and 11,000 t of copper (Slim 2005a) as well as an apparently undocumented amount of lead.

The majority of the information has been sourced from the data provided by Avino: Avino internal reports; Tetra Tech (2013); Tetra Tech (2017); Slim (2005d), and Gunning (2009). The majority of the information was provided in English, but some information was written in Spanish and subsequently translated into English.

The purpose of this report is to support an updated Mineral Resource estimated as a result of modified current metal price parameters, new drilling information at the ET Mine (Avino and San Luis) and improved interpretation of the San Gonzalo mineralization trends. There has been no change to the oxide tailings estimate.

The Property is located in Durango State in North Central Mexico, within the Sierra Madre Silver Belt, 82 km northeast of Durango City (Figure 1.1). The current Property is comprised of 23 mineral concessions, totalling 1,103.934 ha. Of these, 22 mineral concessions, totalling 1,005.104 ha, are held by CMMA (Avino’s Mexican subsidiary company), by Promotora Avino SA de CV, and by Susesion de la Sra. Elena del Hoyo Algara de Ysita.

Avino Silver & Gold Mines Ltd.	1-1	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

Avino entered into an agreement (the Agreement) on February 18, 2012 through its subsidiary company, with Minerales de Avino, Sociedad Anonima de Capital Variable (Minerales), whereby Minerales has indirectly granted to Avino the exclusive mining and occupation rights to the La Platosa concession. The La Platosa concession covers 98.83 ha and hosts the Avino Vein and ET Zone (ET Zone).

Pursuant to the Agreement, Avino has the exclusive right to explore and mine the concession for an initial period of 15 years, with the option to extend the agreement for another 5 years. In consideration of the grant of these rights, Avino has paid to Minerales the sum of US$250,000 by the issuance of 135,189 common shares of Avino. Avino has also agreed to pay to Minerales a royalty equal to 3.5% of net smelter returns (NSRs), at the commencement of commercial production from the concession.

All concessions are current and up to date based on information received. Mineral concessions in Mexico do not include surface rights and Avino has entered into agreements with communal landowners (Ejidos) of San Jose de Avino, Panuco de Coronado and Zaragoza for the temporary occupation and surface rights of the concessions.

The Property is located within the Sierra de Gamon, on the east flank of the Sierra Madre Occidental. The area is a geological window into the Lower Volcanic series and consists of volcanic rocks of mainly Andesitic affiliation with other rock types occurring more sparsely to the north (Slim 2005d).

Avino Silver & Gold Mines Ltd.	1-2	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

A large monzonitic intrusion is observed in the region in the form of dykes and small stocks, which may be related to the Avino Vein mineralization. Several younger thin mafic sills are also found in various parts of the region.

The Avino concession is situated within a 12 km north-south by 8.5 km caldera, which hosts numerous low sulphidation epithermal veins, breccias, stockwork and silicified zones. These zones grade into a “near porphyry” environment in the general vicinity of the Avino property. The caldera has been uplifted by regional north trending block faulting (a graben structure), exposing a window of andesitic pyroclastic rocks of the lower volcanic sequence which is a favourable host rock. The upper volcanic sequence consists of rhyolite to trachytes with extensive ignimbrite and is intruded by monzonite bodies. The basal andesite-bearing conglomerate and underlying Paleozoic basement sedimentary rocks (consisting of shales, sandstones and conglomerates) have been identified on the Avino concession in the south-central portion of the caldera, covering the Guadalupe, Santiago, San Jorge, the San Gonzalo Trend, Malinche, Porterito and Yolanda areas.

A northerly trending felsic dyke, probably a feeder to the upper volcanic sequence, transects the Property and many of the veins. The Aguila Mexicana low temperature vein system, with significant widths but overall low precious metal values, trends north-northwest, similar to the felsic dyke and with similar continuity across the Property. The two structures may occupy deep crustal faults that controlled volcanism and mineralization, with the felsic dyke structure controlling the emplacement of the Avino, Nuestra Senora and El Fuerte-Potosina volcanic centres and the Aguila Mexicana controlling the Cerro San Jose and El Fuerte-Potosina volcanic centres (Paulter 2006).

Silver- and gold-bearing veins crosscut the various lithologies and are generally oriented north-northwest to south-southeast (the Avino Vein trend) and northwest to southeast the San Gonzalo trend). In Mexico, these vein deposits may have large lateral extents, but can be limited in the vertical continuity of grades due to the effects of pressure on boiling levels for mineralizing fluids. The rocks have been weathered and leached in the upper sections, as a result of contact with atmospheric waters. The oxide tailings material is derived primarily from these shallow zones, whereas the sulphide tailings are predominantly from material sourced at depth from the underground workings.

The valuable minerals found during the period of mining of the oxide zone are reported to be argentite, bromargyrite, chalcopyrite, chalcocite, galena, sphalerite, bornite, native silver and gold, and native copper.

Three deposits, the Avino Vein, the San Gonzalo Vein and the oxide tailings deposit, are the subject of Mineral Resource estimates disclosed in this report. Recent exploration drilling reported at the Guadalupe and San Juventino veins is at an early stage and no Mineral Resources have been estimated for these two veins.

Avino Silver & Gold Mines Ltd.	1-3	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

The Avino Vein (see Figure 1.2 for location) has been and continues to be the primary deposit mined on the Property since at least the 19^th century. It is 1.6 km long and up to 60 m wide on the surface. The deepest level is at the 1,930 m amsl level (430 m below surface).

The San Gonzalo Vein system (see Figure 1.2 for location), including the crosscutting Angelica vein, is located 2 km northeast of the Avino Vein. It constitutes a strongly developed vein system over 25 m across, trending 300 to 325°/80° northeast to 77° south. Banded textures and open-space filling are common and individual veins have an average width of less than 2 m. The vein was mined historically and underground workings extend approximately 1.1 km along strike and to the 1,970 m amsl (300 m below surface).

The oxide tailings deposit (see Figure 1.2 for location) comprises historic recovery plant residue material that was wasted from processing plants during the earlier period of open pit mining of the Avino Vein. The oxide tailings are partially covered by younger unconsolidated sulphide tailings on the northwest side.

Avino Silver & Gold Mines Ltd.	1-4	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

The Avino system, San Gonzalo system, and oxide tailings Mineral Resources were modelled and estimated using Leapfrog EDGE™ software version 4.2.3. The reported Mineral Resource estimated by ARANZ Geo Expert Services (ARANZ Geo) was interpolated using ordinary kriging (OK) and capped grades and inverse distance squared (ID²) and nearest neighbour (NN) for model validation purposes. The Avino system was estimated for silver, gold, copper. The San Gonzalo Vein system and oxide tailings were estimated for silver and gold. Under current economic and technical conditions gold and silver and copper are recoverable from the Avino system and all three metals are included in the mineral resource and for the silver equivalent (AgEQ) calculation for the Avino system. Under current economic and technical conditions only gold and silver are recoverable from the San Gonzalo system and the oxide tailings and consequently only silver and gold are included in the Mineral Resource and for the silver equivalent calculation for the San Gonzalo system and oxide tailings. Cut-off reporting (to consider “eventual prospects for eventual economic extraction”) utilizes an AgEQ calculation where the total metal value is converted into an in situ silver resource. For reporting purposes, a base-case AgEQ cut-off of 60 g/t is used for the Avino system, an AgEQ cut-off of 130 g/t is used for the San Gonzalo system, and an AgEQ cut-off of 50 g/t is used for the oxide tailings based on current economic parameters.

Table 1.1 is the Mineral Resource statement. Other grade tonnage graphs and tables found in Section 14.0 are intended to show sensitivity of the mineralized material and must not be considered Mineral Resources.

It must be noted that no Mineral Resource has been estimated for the sulphide tailings portion of the Property.

Avino Silver & Gold Mines Ltd.	1-5	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

						Grade								Metal Contents
Resource Category	Deposit	Cut-off(AgEQ g/t)		Tonnes (t)		AgEQ (g/t)		Ag (g/t)		Au (g/t)		Cu (%)		AgEQ(million tr oz)*		Ag(million tr oz)		Au(thousand tr oz)		Cu (t)
Measured and Indicated Mineral Resources
Measured	Avino – ET		60		3,890,000		141		71		0.54		0.55		17.6		8.9		67.4		21,000
Measured	Avino – San Luis		60		650,000		142		67		0.70		0.49		3.0		1.4		14.6		3,000
Measured	San Gonzalo System		130		290,000		397		314		1.65		0.00		3.7		2.9		15.4		0
Total Measured	All Deposits		-		4,830,000		156		85		0.63		0.51		24.3		13.2		97.4		24,000
Indicated	Avino – ET		60		2,640,000		105		49		0.56		0.34		8.9		4.2		47.6		9,000
Indicated	Avino – San Luis		60		1,620,000		126		54		0.82		0.36		6.6		2.8		42.9		6,000
Indicated	San Gonzalo System		130		240,000		319		257		1.25		0.00		2.5		2.0		9.6		0
Indicated	Oxide Tailings		50		1,330,000		124		98		0.46		0.00		5.3		4.2		19.8		0
Total Indicated	All Deposits		-		5,830,000		124		70		0.64		0.25		23.3		13.1		119.8		15,000
Total Measured and Indicated	All Deposits		-		10,660,000		139		77		0.63		0.37		47.5		26.3		217.2		39,000
Inferred Mineral Resources
Inferred	Avino – ET		60		2,380,000		111		58		0.51		0.33		8.5		4,4		39.1		8,000
Inferred	Avino – San Luis		60		1,780,000		124		57		0.72		0.38		7.1		3.2		41.2		7,000
Inferred	San Gonzalo System		130		120,000		262		219		0.86		0.00		1.0		0.8		3.3		0
Inferred	Oxide Tailings		50		1,810,000		113		88		0.44		0.00		6.6		5.1		25.6		0
Total Inferred	All Deposits		-		6,090,000		118		70		0.56		0.24		23.2		13.6		109.2		15,000

Notes:

Figures may not add to totals shown due to rounding.

Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.

The Mineral Resource estimate is classified in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum’s (CIM) Definition Standards

For Mineral Resources and Mineral Reserves incorporated by reference into National Instrument 43-101 (NI 43-101) Standards of Disclosure for Mineral Projects.

Mineral Resources are reported at cut-off grades 60 g/t, 130 g/t, and 50 g/t AgEQ grade for ET, San Gonzalo, an oxide tailings, respectively.

AgEQ or silver equivalent ounces are notational, based on the combined value of metals expressed as silver ounces

Cut-off grades were calculated using the following assumptions:

For Avino (ET and San Luis), San Gonzalo: gold price of US$1,300/oz, silver price of US$17.50/oz, and copper price of US$3.00/lb

For Oxide Tailings: gold price of US$1,250/oz, silver price of US$19.50/oz

A net smelter return (NSR) was calculated and the silver equivalent was back calculated using the following formulas:

For ET: AgEQ = (24.06 x Au (g/t) + 0.347 x Ag (g/t) + 43.0 x Cu (%) – 151.8 x Bi (%)) / 0.347

For San Gonzalo: AgEQ = (0.03 x Au (g/t) + 0.385 x Ag (g/t) – 4.03/0.385

For Oxide Tailings: AqEQ = 69.37 x Au (g/t) + Ag (g/t)

No Mineral Resource has been estimated for the sulphide tailings portion of the Property.

Au – gold; Ag – silver; Cu – copper.

Avino Silver & Gold Mines Ltd.	1-6	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

There are three separate mineralization sources in the Property, including the Avino and San Gonzalo mines, which are currently in operation, and the potential tailings resource from previous milling operations. The San Gonzalo Mine entered commercial production in October 2012, followed by reopening the Avino Mine in January 2015. The two mines feed a conventional flotation mill that has three separate circuits and a capacity of 1,500 t/d.

From January 2017, Avino has been constructing a new separate processing line identified as Circuit #4. The addition of Circuit #4 will have an identical throughput capacity as Circuit #3 which currently used for processing the materials from the Avino mine. The mill expansion is expected to increase overall mill capacity to 2,500 t/d.

The existing crushing plant will be upgraded to accommodate the higher throughput with a new larger tertiary cone crusher. The equipment in grinding, flotation and dewatering circuits planned for the expansion are similar in size to the existing equipment used for Circuit #3. The initial mill feed to Circuit #4 will be from the existing surface stockpiles although the additional circuit will be mainly used for processing the materials from San Luis of the Avino mine.

Avino has not based its production decisions on a Feasibility Study or Mineral Reserves demonstrating economic and technical viability, and as a result there is increased uncertainty and multiple technical and economic risks of failure that are associated with these production decisions. These risks, among others, include areas that would be analyzed in more detail in a Feasibility Study, such as applying economic analysis to Mineral Resources and Mineral Reserves, more detailed metallurgy, and a number of specialized studies in areas such as mining and recovery methods, market analysis, and environmental and community impacts. Information in this section was provided by Avino.

Avino is currently conducting mining activity on the Avino Vein and processing Avino Vein material at the mine plant. Historically, prior to the mine shutting down in 2001, Avino operated a 1,000 t/d processing plant, achieving up to 1,300 t/d, producing a copper concentrate that was sold to a smelter in San Luis Potosi for approximately 27 years. The mine and mill operations were then suspended. Following several years of redevelopment, Avino completed the Avino Mine and mill expansion in Q4 2014. On January 1, 2015, full scale operations commenced and commercial production was declared effective April 1, 2016 following a 19 month advancement and test period.

The plant consists of a conventional three-stage crushing circuit with the tertiary crusher in closed circuit with a screen. The crushed material is fed to a ball mill and classified with a hydrocyclone at a grind size of approximately 65% passing 200 mesh. The fines from the hydrocyclone reports to the flotation circuit where typical flotation reagents for copper minerals are used. The concentrates from the rougher and scavenger circuits are upgraded in a cleaner circuit with the final concentrate reporting to a thickener and pressure filter. The moisture of the filter cake is approximately 8% and then shipped for sale overseas. Flotation tailing is pumped to the permitted tailings impoundment where decant water is reclaimed for process use.

Avino Silver & Gold Mines Ltd.	1-7	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

Avino is currently conducting mining activity on the San Gonzalo Vein, including processing of San Gonzalo Vein material at the mill plant at the Avino Mine site.

The process plant consists of crushing and grinding circuits, followed by a gravity and flotation to recover and upgrade silver and gold from the feed material. Common reagents are used within the flotation circuit. The flotation concentrate is thickened, filtered to 9.9% moisture content, and sent to the concentrate stockpile for subsequent shipping to customers.

The final flotation tailings is disposed of in the existing permitted tailings storage facility.

Currently there is no metal recovery operation on the stored tailings. As reported by MineStart Management Inc. (MMI) and Process Research Associates Ltd. (PRA), several metallurgical work programs were conducted to investigate silver and gold recovery from the tailings.

The test work investigated various treatment methods, including gravity separation, flotation, and cyanide leaching (tank leaching and heap leaching). The preliminary test results appear to show that the tailings materials responded reasonably well to the cyanide leaching treatment, including tank leaching and column leaching testing procedures. An updated preliminary economical assessment was conducted in 2017 to evaluate the recovery of silver and gold from the oxide tailings using heap leaching technology followed by the Merrill Crown treatment on the pregnant leach solution .

The processing step will consist of tailings reclamation, agglomeration, and cyanide heap leaching followed by the Merrill-Crowe process to recover silver and gold from the pregnant solution. The process plant will operate at a throughput rate of 1,370 t/d on a 24 h/d, 365 d/a basis, with an overall utilization of 90%.

Avino is not currently conducting mining activity on the sulphide tailings. Because some of the oxide tailings and sulphide tailings were co-deposited, and the oxide tailings are partially covered by younger unconsolidated sulphide tailings on the northwest side of the tailings storage dam, the sulphide tailings materials will be reclaimed as required during the oxide tailings reclamation. The reclaimed sulphide tailings is planned to be stored in a separate sulphide tailings storage facility for further evaluation, while some of the sulphide tailings could be used for constructing the heap leach pad and facilities for the oxide tailings retreatment; however, no quantities have been estimated at this stage. In addition, no recovery methods are currently proposed for the sulphide tailings, which have been excluded from this estimate.

Avino Silver & Gold Mines Ltd.	1-8	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

Avino is currently conducting mining activity on the Avino Vein using sublevel stoping and room and pillar mining methods.

Avino Silver & Gold Mines Ltd.	1-9	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

Avino is currently conducting mining activity on the San Gonzalo Vein using cut-and-fill and shrinkage stoping mining methods.

The oxide tailings Mineral Resource will be mined/moved using a conventional truck/loader surface mining method. The production cycle consists of loading and trucking. The production schedule has been developed for the oxide tailings based on a treatment rate of 500 kt/a, which would be equivalent to a throughput rate of 1,370 t/d. This will give an overall project duration of approximately eight years. This eight-year period includes a one-year pre-production period and excludes the time required for remediation of the heap after the leaching process has been completed. Only oxide tailings will be considered for treatment, while sulphide materials will be considered waste.

Avino Silver & Gold Mines Ltd.	1-10	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

The Property is easily accessible by road and is an important part of the local community from which skilled workers are available. The history of operations at the Avino Mine provides ample evidence of sufficient infrastructure and services in the area. The San Gonzalo Mine entered commercial production in October 2012, followed by reopening the Avino Mine in January 2015. The two mines feed a conventional flotation mill that has three separate circuits and a capacity of 1,500 t/d. From January 2017, Avino has been constructing a new separate processing line identified as Circuit #4. The addition of Circuit #4 will have an identical throughput capacity as Circuit #3 which currently used for processing the materials from the Avino mine. The existing crushing plant will be upgraded to accommodate the higher throughput with a new larger tertiary cone crusher. The mill expansion is expected to increase overall mill capacity to 2,500 t/d.

The existing tailings deposition facility has been upgraded and is fully permitted and operational for approximately another 500,000 t of tailings. The offices, miner’s quarters, secured explosives storage facilities, warehouse, laboratory and other associated facilities are all in place. The proposed tailings leach facilities are planned to be located southeast of the existing tailings storage pond.

Before 2016, the mill was serviced with an existing power line providing only 1,000 kW of power with 500 kW servicing the mill, 400 kW for San Gonzalo and the balance for the well at Galeana, employee accommodation facility, and water reclaim from the tailings dam. The new power line from Guadelupe Victoria to the mine site was completed in June 2016. The power line was energized and tested on June 8^th, 2016. The line was fully functional at the design capacity of 5 MW. Current power consumption at the mine is approximately 2 MW, leaving sufficient additional power for potential future expansion projects, including the planned Circuit #4 mill expansion, the proposed oxide tailings retreatment project using heap leach followed by gold and silver recovery by Merrill-Crowe precipitation and possible further expansion or upgrading of the processing plant. Additionally, the existing power line was left in place to service local communities and provide backup power for the mine. A C-27 CAT diesel power generator, which can produce 700 kW, is now used as backup.

There is a water treatment plant for treating excess water from the Avino underground mine operation before discharging to El Caracol Dam. The effluent is being monitored on a daily basis when the treatment plant is operational.

Environmental settings, permits and registrations, and environmental management strategies that may be required for the Project are summarized in Section 20.0. Permits and authorizations required for the operation of the Project may include an operating permit, an application for surface tenures, a waste water discharge registration, a hazardous waste generator’s registration, and an Environmental Impact Assessment (EIA) or Evaluación de Impacto Ambiental. Acid-base accounting (ABA) tests have indicated that mild acid generation may already have started on the tailings dam. A gap analysis and additional tests to further characterize current conditions of the tailings should be completed to properly design a tailings management plan.

Avino Silver & Gold Mines Ltd.	1-11	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

Avino is currently conducting mining activity on the Avino and San Gonzalo veins. There is no cost estimate applicable and all costs are based on actual expenditure.

The actual capital expenditures (in US dollars) to date on the Avino Vein and San Gonzalo Vein operations are summarized in Table 1.4 and Table 1.5, respectively. The capital expenditures have been broken down by year and area.

Avino Silver & Gold Mines Ltd.	1-12	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

The capital costs for retreating the oxide tailings portion of the Property, including reclaiming the oxide tailings, constructing the heap leach pad and the treatment facilities, were estimated and reported in the technical report entitled “Technical Report on the Avino Property”, dated April 11, 2017.

The estimated capital cost was US$28.8 million (US$24.4 million of initial capital plus US$4.4 million sustaining capital), but costs are no longer current.

A PEA should not be considered to be a Prefeasibility or Feasibility study, as the economics and technical viability of the Project have not been demonstrated at this time. The PEA is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves. Furthermore, there is no certainty that the conclusions or results reported in the PEA will be realized. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.

Avino is not currently conducting mining activity on the sulphide tailings portion of the Property. No capital costs have been estimated for any potential mining activity on the sulphide tailings portion of the Property.

Avino is currently conducting mining activity on the Avino and San Gonzalo veins. There is no cost estimate applicable and all costs are based on actual expenditures.

Avino Silver & Gold Mines Ltd.	1-13	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

The actual operating costs (in US dollars) for the Avino Vein and the San Gonzalo Vein in 2016 and 2017 are presented in Table 1.6 and Table 1.7.

The mine and milling costs include operating and maintenance labour together with the operation associated consumable supplies. The cost for electrical power is included in the milling costs. The geological component is mostly related to technical labour.

The operating costs for retreating the oxide tailings portion of the Property, including reclaiming the oxide tailings, were estimated to be US$15.06/t, but costs are no longer current. The detailed estimates are reported in the technical report entitled “Technical Report on the Avino Property”, dated April 11, 2017.

Avino Silver & Gold Mines Ltd.	1-14	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

Avino is not currently conducting mining activity on the sulphide tailings portion of the Property. No operating costs have been estimated for any potential mining activity on the sulphide tailings portion of the Property.

Avino is currently conducting mining activity, including mineral processing, on the Avino and San Gonzalo Veins. There is no economic analysis performed on both the Veins.

Avino has not based its production decisions on a Feasibility study or Mineral Reserves demonstrating economic and technical viability, and as a result there is increased uncertainty and multiple technical and economic risks of failure, which are associated with these production decisions. These risks, among others, include areas that would be analyzed in more detail in a Feasibility study, such as applying economic analysis to Mineral Resources and Mineral Reserves, more detailed metallurgy, and a number of specialized studies in areas such as mining and recovery methods, market analysis, and environmental and community impacts.

In 2017, Tetra Tech prepared a preliminary economic assessment (PEA) technical report for the silver and gold recoveries from the oxide tailings, entitled “Technical Report on the Avino Property”, dated April 11, 2017.

Avino Silver & Gold Mines Ltd.	1-15	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

The report includes a preliminary economic evaluation for the oxide tailings retreatment based on a pre-tax financial model. Metal prices used in the base case for the preliminary economic evaluation were:

Avino commissioned PricewaterhouseCoopers (PwC) in Vancouver to prepare the tax component of the model for the post-tax economic evaluation for this updated PEA with the inclusion of applicable income and mining taxes.

Avino is not currently conducting mining activity on the sulphide tailings portion of the Property. No economical assessments have been conducted for any potential mining activity on the sulphide tailings portion of the Property.

The recommendations for the further Mineral Resource estimates are presented in Section 26.0.

Avino Silver & Gold Mines Ltd.	1-16	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

Avino is a Canadian-based mining and exploration company listed on the TSX and the NYSE-American trading under the symbol ASM. Avino has precious metal properties in Mexico and Canada and has a head office located at 900-570 Granville Street, Vancouver, British Columbia, Canada, V6C 3P1.

Avino retained Tetra Tech, in conjuction with ARANZ Geo, to prepare an update of resource estimate on the Avino Property in Durango, Mexico. The purpose of this report is to disclose three updated mineral resource estimates for the Avino Vein, the San Gonzalo Vein and Oxide Tailings portions of the Property. The report also includes a summary of the information previously disclosed in Tetra Tech report filed in 2017, comprising preliminary economic assessment on the oxide tailings portion of the Property. This report has been prepared in accordance with National Instrument 43-101 (NI 43-101) and Form 43-101F.

The effective date of this report is February 21, 2018. The effective date of the Mineral Resource estimate is January 31, 2018.

A summary of the Qualified Persons (QPs) responsible for this report is provided in Table 2.1. The following QPs conducted site visits of the Property:

Avino Silver & Gold Mines Ltd.	2-2	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

In preparation of this report, various historical engineering, geological and management reports compiled about the Project or site were reviewed and supplemented by direct site examinations and investigations. All the data files reviewed for this study were provided by Avino in the form of hard copy documents, electronic .pdf reports, .xls files, email correspondence, and personal communication with management and personnel from Avino. Work completed by Avino includes several decades of open pit and underground mining, drilling and sampling, trenching, metallurgical testing, and geophysical surveying.

All units of measurement used in this technical report and resource estimate are in metric, and currency is expressed in US dollars, unless otherwise stated.

Avino Silver & Gold Mines Ltd.	2-3	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

This Technical Report Update has been prepared by Michael O’Brien, P.Geo, of ARANZ Geo, and Hassan Ghaffari, P.Eng, Jianhui Huang, Ph.D. P.Eng. and Mark Horan, P.Eng, all of Tetra Tech. All authors are independent QPs as defined within the requirements of NI 43-101.

The information, conclusions, opinions, and estimates contained herein are based on:

Avino reported to the authors that, to the best of its knowledge, there is no known litigation that could potentially affect the Project.

Note: The authors of this report are not qualified to provide extensive commentary on legal or political issues associated with the Property, which are considered to be outside the scope of this report. For the portions of this report (Sections 1.2, 4.2 and 4.3) that deal with the types and numbers of mineral tenures and licenses; the nature and extent of title and interest in the Property and the terms of any royalties, back-in rights, payments or other agreements and encumbrances to which the Property is subject, we have relied upon the title opinion dated February 1, 2018 by Juan Manuel Gonzalez Olguin of the Mexican law firm Bufete Gonazalez Olguin, S.C., (a copy of which is appended to this report, see Appendix A).

The Property is in Durango State in North Central Mexico, within the Sierra Madre Silver Belt on the eastern edge of the Sierra Madre Occidental mountain range. The nearest major centre is the city of Durango, 82 km to the southwest of the Property. The Property is within the municipality of Pánuco de Coronado between the towns of Pánuco de Coronado and San José de Avino. The Property is located at latitude N 24° 53’, longitude W 104° 31’, 14 km northwest of Highway 40D.


Avino Silver & Gold Mines Ltd.	4-1	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

In 1968, Avino Mines and Resources Ltd. acquired a 49% interest in the company CMMA and Minera San José de Avino SA, which together held mineral claims totalling 2,626 ha (6,488 ac). Avino Mines and Resources Ltd. retained Vancouver based Cannon-Hicks & Associates Ltd. (Cannon-Hicks), a mining consulting firm, to conduct the exploration and development of the Property. Cannon-Hicks’s exploration activities included surface and underground sampling and diamond drilling (VSE 1979).

On July 17, 2006, the Company completed the acquisition of Compañía Minera Mexicana de Avino, S.A. de C.V. (Avino Mexico), a Mexican corporation, through the acquisition of an additional 39.25% interest in Avino Mexico which combined with the Company’s pre-existing 49% share of Avino Mexico, brought the Company’s ownership interest in Avino Mexico to 88.25%. The additional 39.25% interest in Avino Mexico was obtained through the acquisition of 79.09% of the common shares of Promotora Avino S.A. de C.V., referred to as “Promotora”, which in turn owns 49.75% of Avino Mexico’s common shares, and the direct acquisition of 1% of the common shares of Avino Mexico.


Avino Silver & Gold Mines Ltd.	4-2	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

The July 17, 2006 acquisition was accomplished by a share exchange by which the Company issued 3,164,702 shares as consideration, which we refer to as the “Payment Shares”, for the purchase of the additional 39.25% interest in Avino Mexico. The Payment Shares were valued based on the July 17, 2006 closing market price of the Company’s shares on the TSX.

The Company acquired a further 1.1% interest in Avino Mexico through the acquisition from an estate subject to approval and transfer of the shares to the Company by the trustee for the estate. On December 21, 2007 approval was received and the Company obtained the 1.1% interest from the estate for no additional consideration.

On February 16, 2009, the Company converted existing loans advanced to Avino Mexico into new additional shares of Avino Mexico. As a result, the Company’s ownership interest in Avino Mexico increased to 99.28%.

On June 4, 2013, the Company converted existing loans advanced to Avino Mexico into new additional shares of Avino Mexico, resulting in the Company’s ownership increasing by 0.38% to an effective 99.67%. The issuance of shares to the Company by Avino Mexico on June 4, 2013 resulted in a reduction in the non-controlling interest from 0.72% to 0.34%.

On August 26, 2015, the Company converted existing loans advanced to Avino Mexico into new additional shares, resulting in an increase of the Company’s ownership by 0.01% to an effective 99.67%. The intercompany loans and investments are eliminated upon consolidation of the financial statements. The Company had a pre-existing effective ownership interest of 99.66% in Avino Mexico prior to the 0.01% increase. The issuance of shares to the Company by Avino Mexico on August 26, 2015, resulted in a reduction in the non-controlling interest from 0.34% to 0.33%.

The current Property comprises 23 mineral concessions, totalling 1,103.934 ha (Figure 4.3). Of these, 22 mineral concessions totalling 1,005.104 ha, are held by CMMA (Avino’s Mexican subsidiary company), Promotora Avino SA de CV, and Susesion de la Sra. Elena del Hoyo Algara de Ysita. Ownership proportions and mineral concessions are summarized in Table 4.1 and Table 4.2, respectively.

Company	Relationship to Avino Silver and Gold Mines Ltd.	Effective Ownership of Avino Mine Property (%)
CMMA	Subsidiary		98.45
Promotora Avino, S.A. de C.V.	Subsidiary		1.22
Total Effective Ownership of Avino Mine Property	-		99.67
Estate of Ysita	Non-controlling interest		0.33
Total	-		100.00


Avino Silver & Gold Mines Ltd.	4-3	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico


Avino Silver & Gold Mines Ltd.	4-4	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

In May 1970, Avino Mines and Resources Ltd. signed a formal agreement with Selco Mining and Development (Selco), a division of Selection Trust Company. Due to other commitments, Selco abandoned its interest in the Project in 1973 (VSE 1979). On February 18, 2012, through its subsidiary company CMMA, Avino re-entered into an agreement (the Agreement) with Minerales, whereby Minerales has indirectly granted to Avino the exclusive mining and occupation rights to the La Platosa concession. The La Platosa concession covers 98.83 ha and hosts the Avino Vein and ET Zone.

Pursuant to the Agreement, Avino has the exclusive right to explore and mine the concession for an initial period of 15 years, with the option to extend the agreement for another 5 years. In consideration of the grant of these rights, Avino has paid to Minerales the sum of US$250,000, by the issuance of 135,189 common shares of Avino. Avino will have a period of 24 months for the development of mining facilities.


Avino Silver & Gold Mines Ltd.	4-5	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

Avino has agreed to pay to Minerales a royalty equal to 3.5% of NSRs, at the commencement of commercial production from the concession. In addition, after the development period, if the minimum monthly processing rate of the mine facilities is less than 15,000 t, then Avino must pay to Minerales in any event a minimum royalty equal to the applicable NSR royalty based on processing at a minimum monthly rate of 15,000 t. In the event of a force majeure, Avino shall pay the minimum royalty as follows:

	·	first quarter: payment of 100% of the minimum royalty

	·	second quarter: payment of 75% of the minimum royalty

	·	third quarter: payment of 50% of the minimum royalty

	·	fourth quarter: payment of 25% of the minimum royalty

	·	in the case of force majeure still in place after one-year of payments, payment shall recommence at a rate of 100% of the minimum royalty and shall continue being made as per the quarterly schedule.

Minerales has also granted to Avino the exclusive right to purchase a 100% interest in the concession at any time during the term of the Agreement (or any renewal thereof), upon payment of US$8 million within 15 days of Avino’s notice of election to acquire the Property. The purchase would be completed under a separate purchase agreement for the legal transfer of the concession. This agreement replaces all other previous agreements.

During the month of May of each year, Avino must file assessment work made on each concession for the immediately preceding calendar year. During the months of January and July of each year, Avino must pay in advance the mining taxes which are based on the surface of the concession and the number of years that have elapsed since it was issued.

Consistent with the mining regulations of Mexico, cadastral surveys have been carried out for all the listed mineral concessions as part of the field staking prior to recording (Slim 2005d). It is believed that all concessions are current and up to date. Mineral concessions in Mexico do not include surface rights. Avino has entered into agreements with communal land owners (Ejidos) of San José de Avino, for the temporary occupation and surface rights of the concessions.

A current title opinion dated February 1, 2018, has been prepared by Juan Manuel González Olguin of the Mexican law firm Bufete González Olguin S.C. (a copy of which is appended to this report [Appendix A]).


Avino Silver & Gold Mines Ltd.	4-6	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

5.0 ACCESSIBILITY, CLIMATE, INFRASTRUCTURE, LOCAL RESOURCES, AND PHYSIOGRAPHY

The average elevation of the Property is approximately 2,200 masl. Local relief is estimated to be roughly 100 m ranging from the bottom bench of the tailings to the top of the open pit.

Vegetation is sparse and consists of shrubs and grasses typical of the high desert.

The Property is easily accessible by road and the mine is an important employer of the local community from which skilled workers are available. Access is provided by Highway 40, a four-lane highway leading from Durango, past the airport and on to the city of Torreon in Coahuila. Successive turn-offs for the Property are at Francisco I Madero, Ignacio Zaragoza, and San José de Avino (Slim 2005d). The Avino mineral concessions are covered by a network of dirt roads, which provide easy transport access between all areas of interest on the Property and the mill at the main Avino Mine (Gunning 2009).

The nearest major city is Durango, with a population of approximately 465,000. Durango is a major mining centre in Mexico where experienced labour and services can be obtained. The two towns nearest the mine are Pánuco de Coronado and San José de Avino, where the majority of the employees lived while working at the mine when it was in operation. Pánuco de Coronado has a population of approximately 12,000, and San José de Avino is a small centre with a population of less than 1,000.

The climate is temperate and semi-arid. In the region, the mean annual rainfall is 580.6 mm and the average annual temperature is 16.9°C. July and January average temperatures are 21.8°C and 11.3°C, respectively (www.worldclimate.com – Durango). The majority of the rainfall occurs between June and September. In the winter months, the temperature can drop below freezing and frost and even light snowfall can occur.

Exploration, development, and mining activities may take place throughout the year without any significant seasonal impact.

Avino Silver & Gold Mines Ltd.	5-1	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

The Avino deposit was originally discovered around 1555 by the Spanish conquistador, Don Francisco de Ibarra. In 1562, Francisco de Ibarra, was appointed governor of the newly formed province of Nueva Vizcaya, in the Viceroyalty of Nueva España (New Spain) and, in 1563, founded the town of Durango. Francisco de Ibarra led several expeditions in search of silver deposits in the region and is recognized as having established Minas de Avino, present day Avino Mine; San Martín, Durango; and Pánuco, Sinaloa. Mining operations at the Avino Mine are said to have commenced in 1562-1563 and have been in production until the early 1900s. Operations at the Avino Mine continued up to the onset of the War of Independence (1810) when operations were interrupted but then restarted and continued through to the early 1900s.

In 1880, the mines were taken over by Avino Mines Ltd., a company controlled by American and British interests. The introduction of more modern industrial technology helped the Avino Mine develop into a significant mining operation at the beginning of the 20^th century. By 1908, the Avino Mine was considered one of the largest open pit mines in the world and equipped with one of the largest lixification smelters (Gallegos 1960; VSE 1979; Slim 2005d).

During the early phases of the Mexican Revolution in 1910, proceeds from the mine supplied funds to the revolutionary forces. Since much of the fighting occurred in and around Durango and the risk posed by brigands hiding in the mountains was high, the mine was abandoned in 1912.

Between 1912 and 1968, the mine was worked intermittently on a small scale (Avino Annual Report 1980). There is no documentary record of production from the Avino Mine during this period.

The Avino Vein System was the mainstay of historic exploitation and is situated adjacent to the mine offices and processing plant. The upper portion of the deposit was extensively mined in an open pit and the lower portion is currently accessible via a ramp and has been extensively developed and mined from more than 6 km of horizontal drifts, with vertical spacings between 15 and 25 m. The Avino (ET Mine) workings extend to a maximum depth of 360 m vertically below the portal of the Avino ramp. An old vertical shaft, no longer used for hoisting, is used for ventilation and to supply water and power for development and mining. A vertical section of Avino Mine is shown in Figure 6.1 . The western historically mined portion of the Avino Vein system is referred to as the San Luis. In 2016-2017, the focus of exploration drilling was on the region between the ET Mine and San Luis. The eastern extension of the Avino Vein system is known as Chirumbo.

Avino Silver & Gold Mines Ltd.	6-1	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

Figure 6.1 Avino Mine: Vertical Section View Showing Development and Stoping

Shallow workings from an old mine are present in the San Gonzalo Vein, and consist of small underground workings which were originally accessed by a five-level vertical shaft.

Current access to the San Gonzalo Deposit is via a ramp that is being actively developed. All old working levels have been dewatered. The deposit has been explored and exploited by more than 4 km of horizontal drifts with upper levels at 40 m vertical spacing and lower levels at 25 m vertical spacing. A vertical section of the San Gonzalo Mine is shown in Figure 6.2 .

The Guadalupe Vein (see Figure 7.1) extends between the Avino Vein and the San Gonzalo Vein and is a current exploration target.

The San Juventino Vein (see Figure 7.1) is adjacent to the eastern end of the Avino Vein and is a current exploration target.

Avino Silver & Gold Mines Ltd.	6-2	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

Figure 6.2 San Gonzalo Mine: Vertical Section View Showing Development and Stoping

Avino Silver & Gold Mines Ltd.	6-3	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

The Property is located within the Sierra de Gamon, on the east flank of the Sierra Madre Occidental. The area is a geological window into the Lower Volcanic series and consists mainly of volcanic flows, sills, and tuffaceous layers of andesite, rhyolite, and trachyte. Individual rock units typically vary from 300 to 800 m in thickness. Andesitic rocks outcrop over most of the region with other rock types occurring more sparsely to the north (Slim 2005d).

A large monzonitic intrusion is observed in the region in the form of dykes and small stocks, which appear to be linked to the onset of the Avino Vein mineralization. Other post-mineralization dykes of intermediate to felsic composition crop out in various areas and appear to cause minor structural displacements. Occurrences of thin mafic sills are also found in various parts of the region and are believed to be related to recent volcanism.

Higher areas of the Sierra Madre Occidental surrounding the mine are composed of rhyolites and ignimbrites of the Upper Volcanic Series, with thicknesses approaching 1,500 m.

The Laramide orogenic event is believed to have affected the Avino district. Later extrusive and intrusive igneous events appear to have caused the formation of various systems of pre-mineralization faulting. These fault systems usually produced normal displacement of the pre-existing rocks, and generally strike northwest-southeast (subparallel to the Avino Vein System). Additional normal fault systems are also observed in the region, striking northeast-southwest and dipping towards the south (subparallel to the San Gonzalo Vein System).

The rugged topography is a result of erosion of the post-mineralization faulted blocks. One of the most significant regional features of the district is the Avino Fault which strikes northwest 20° southeast, dips southeast and which appears to terminate the Avino Vein mineralization, juxtaposing the Upper and Lower Volcanic series (Figure 7.1).

Avino Silver & Gold Mines Ltd.	7-1	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

The Avino concession is located within a 12 km (north-south) by 8.5 km (east-west) caldera. The Property contains numerous low-sulphidation epithermal veins, breccias, stockwork, and silicified zones that grade into a “near porphyry” environment, particularly in the Avino Mine area. The caldera has been uplifted by regional north-trending block faulting (a graben structure), exposing a window of andesitic pyroclastic rocks of the lower volcanic sequence within the caldera. The Lower Volcanic Sequence is overlain by the Upper Volcanic Sequence, consisting of rhyolite to trachyte flows and extensive ignimbrites and intruded by monzonite bodies.

The basal andesite-bearing conglomerate and underlying Paleozoic basement sedimentary rocks (consisting of shales, sandstones and conglomerates) have been identified on the Avino concession in the south-central portion of the caldera, covering the Guadalupe, Santiago, San Jorge, the San Gonzalo Trend, Malinche, Porterito and Yolanda areas. A northerly trending felsic dyke, possibly a feeder to the upper volcanic sequence, transects the Property and many of the veins. The Aguila Mexicana low temperature vein system, trends north-northwest at a similar orientation to the felsic dyke and with similar continuity across the Property. The two structures have been interpreted to occur along deep crustal faults that controlled volcanism and mineralization, with the felsic dyke structure controlling the emplacement of the Avino, Nuestra Senora and El Fuerte-Potosina volcanic centres and the Aguila Mexicana structure controlling the Cerro San Jose and El Fuerte-Potosina volcanic centres (Paulter 2006).

Avino Silver & Gold Mines Ltd.	7-2	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

Silver- and gold-bearing veins cross-cut the various lithologies and are generally oriented north northwest-south southeast and northwest-southeast (Figure 7.1). The rocks have been weathered and leached in the upper sections, as a result of contact with atmospheric waters; the oxide tailings material (Section 7.2.3) is primarily from this source, whereas the sulphide tailings are predominantly from material sourced at depth, below the leached zone. In Mexico, these types of deposits can have large lateral extents, but can be limited in the vertical continuity of grades.

In the oxide zone, mineralization is primarily hosted by the minerals argentite, bromargyrite, chalcopyrite, chalcocite, galena, sphalerite, bornite, native silver, gold, and native copper. Other minerals present in mineralized areas, but not hosting the metals of interest, include hematite, chlorite, quartz, barite, pyrite, arsenopyrite and pyrrhotite. Malachite, anglesite and limonite are common in the quartz zones of the weathered parts of the oxide material.

The Avino Vein is 1.6 km long and 60 m wide on the surface. The Avino Vein is the most striking and important example of the epithermal mineralization of the district whose structures are normally weathered and leached in their upper section as a result of contact with atmospheric waters producing a band of oxide minerals and zones of supergene enrichment to a depth of about 70 m.

In the oxide portion of the Avino Vein, the common minerals encountered include hematite, limonite, anglesite and copper carbonate in white or green, somewhat chloritized, quartz zones. The common primary and secondary minerals encountered are argentite, bromargyrite, chalcopyrite, chalcocite, galena sphalerite, bornite, native silver, free gold, and native copper. Other minerals present in mineralized areas include quartz, pyrite, chlorite, barite, arsenopyrite, pyrrhotite and specularite.

Higher silver values are reported to decrease overall with depth, except at vein intersections and vein inflections, where higher values persist to depth. The same can be said for gold, although the higher values start just below the onset of silver mineralization, at or near the surface. In contrast, higher copper values coincide with vein intersections and may increase with depth. Sporadic, localized copper enrichment occurs toward the footwall contact and may represent a different phase of fluid emplacement. Despite the overall decrease in precious metal grade with depth, local increases in metal grades are apparent in the mine sampling and exploration drilling, possible reflecting changes in boiling level with pressure variations in the epithermal system.

The Avino Vein has been followed longitudinally for more than 1,300 m and vertically for more than 600 m. It strikes north 66° east with an east-west splay, and dips to the south and southeast at 60° to 70°. Steeply dipping, high grade zones within the vein and stock-work zones are frequently found in the upper part of the vein, as well as at its intersections with a number of lateral veins. An example of a higher-grade area of mineralization encountered with major lateral vein intersecting the Avino was the El Hundido, which exceeded 40 m in thickness. In the lower areas of the vein and mine, mineralized cross-veins, branch-veins, and stockwork zones have been found in the footwall at San Luis and at El Hundido, and are assumed to persist with depth.

Avino Silver & Gold Mines Ltd.	7-3	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

The hanging wall of the Avino Vein is andesite, while the footwall is a monzonite intrusive with andesite sections. A post-mineralization fault parallel with the vein occurs in the hanging wall at a distance of several metres in the area of San Luis, while in the central part of El Hundido, this fault is located at the contact with the vein over a distance of about 300 m, up to the area of Santa Elena and San Antonio. From that point, and proceeding toward the El Chirumbo Mine, this fault cuts the vein between the face at San Carlos and the exposure at the underground ramp. The fault then enters the footwall where it remains until a point about 30 m east of the west face of the Chirumbo area, producing a downward displacement of the vein of between 50 to 100 m.

At Chirumbo, the fault largely replaces the vein due to strong leaching by post-mineralization circulating of water in the gouge. On the east face at Chirumbo, the fault again enters the hanging wall; in this zone the vein is composed of branches and stockwork and to the east of this point the fault crosses the vein numerous times.

The deposit is epithermal and made up of veins and dependent stockwork structures, mainly in the hanging wall and often associated with vein intersections. Four vein systems have been described which, in decreasing order of importance, are:

The San Gonzalo Vein is located approximately 1.4 km northeast of the eastern modelled extent of the Avino Vein. The San Gonzalo Vein system constitutes a strongly developed vein system over 25 m wide, trending 300° to 325°/80° northeast to 77° south. It is characterized by banded textures and open-space filling. The main vein has an average width of 2 m, but the silica-pyrite or iron oxide-sericite alteration with additional stock working extends across 300 m, south of the main San Gonzalo Vein to the Los Angeles Vein.

The San Gonzalo is a typical narrow vein precious metal deposit with some erratic values and extends approximately 2 km to the northwest to the Santa Ana-Malinche area (Gunning 2009).

The Cerro San Jose-La Estella-San Gonzalo Cerro San Jose represents a distinct hydrothermal centre with similar characteristics to the Avino system which include the following (Paulter 2006):

The Avino tailings dam is located approximately 500 m west-southwest of the main shaft to the old underground workings and 2.5 km southwest of the San Gonzalo Vein. An orthogonal view of the oxide tailings deposit, looking northwards and with the drillholes indicated, is shown in Figure 7.2.

Avino Silver & Gold Mines Ltd.	7-5	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

Due to the historical processing sequence, the oxide tailings are primarily derived from weathered and oxidized rocks close to the surface on the Property, whereas the sulphide tailings are predominantly derived from material sourced at depth from the underground workings, below the weathered/leached zone.

The oxide tailings (both the middle and lower benches) have been analyzed in greater details than the sulphide tailings, and are included in the current mineral resource for the oxide tailings. The sulphide tailings, in the absence of any definitive sampling data penetrating the depth of the pile, are an exploration target (Section 14.15).

Avino Silver & Gold Mines Ltd.	7-6	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

Regionally, the Property is situated within a 12 km by 8.5 km caldera that hosts numerous low- to intermediate-sulphidation silver-gold epithermal veins, breccias, stockwork and silicified zones, grading into a “near porphyry” environment in the Avino Mine area.

The historic mining on the Property was on the Avino Vein, a silver-gold-copper rich epithermal vein. The San Gonzalo Vein, however, has a much lower copper content than the Avino Vein and is more equivalent to other silver-lead-zinc deposits of the Sierra Madres.

Low-sulphidation vein systems are commonly characterized by low concentrations of sulphide minerals, alteration mineralogy dominated by quartz-adularia-sericite, and a lack of extensive wall-rock alteration. Conversely, high-sulphidation vein systems are commonly characterized by sulphur saturation leading to the presence of native sulphur and sulphide minerals, quartz-alunite alteration, and extensive wall-rock alteration. The Mexican silver deposits are usually within the intermediate sulphidation range, rather than either of the end member classifications.

In Mexico, and particularly within the Mexican Silver Belt, these types of deposits can have large lateral extents, but may be limited vertically. There are many silver-gold mines in Mexico, some of which form large mining districts, and others that exploit multiple veins over limited vertical horizons that are sometimes only 100 m in depth (Gunning 2009).

On the Property, the oxide tailings have been predominantly sourced from earlier open pit operations and the sulphide tailings have been predominantly sourced from later underground workings. Exposure to surface weathering and historic process activities has homogenised the oxide tailings material to produce a deposit with little or no sulphides.

Avino Silver & Gold Mines Ltd.	8-1	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

Exploration on the Property has been ongoing since before production commenced, and the majority of the recorded work has been focused on the main Avino Vein and surrounding area. The following is a summary of significant exploration work conducted either by Avino, or on behalf of Avino, until the mine closed in 2001.

Pre-production exploration was carried out by CMMA and others, and covered 2,500 m of drifting and cross-cuts, as well as 8,000 m of surface and underground diamond drilling. Extensive rehabilitation was completed involving Selco, including connecting three of the old—possibly pre-1900—underground mine workings.

In 1970, a contract was signed with Selco, who spent more than US$1 million in exploration and feasibility studies before returning the Property back to CMMA in 1972, reportedly because of low metal prices. The majority of the documentation examined covered feasibility work and was related to investigations of old underground workings that were likely developed in the late 1800s. A contract was signed in October 1973 with S.G.L. Ltd. and Sheridan Geophysics Ltd., under which a new 500 t/d plant was completed in May 1974.

Since 1992 exploration in/for the mine has been limited to traditional underground mine development with associated sampling and planning for production feed. In the late 1990s it appears that development was not kept up as company monthly reports showed decreasing historical reserve allocations for production and mill feed.

The only recorded property exploration, apart from limited prospecting, is documented in the 1993 report by Servicios Administratos Luismin, SA de CV, the engineering branch of Cía Minera de San Luis Exploration. The study reported on detailed analysis and sampling of the then known showings on the Property with the emphasis on the Avino Vein and Potosina/El Fuerte area. The extensive underground sampling program carried out by Luismin provided later direction for underground mining. The report made recommendations for follow-up for drilling and underground development for the main Avino Vein, as well as trenching and drilling recommendations for the Potosina/El Fuerte area. It is believed that these recommendations were never implemented for the prospective areas. Additionally, the report included a property-scale geological mapping and lithogeochemical sampling program which was contoured and coloured for gold, silver, copper, lead, zinc, arsenic, antimony and mercury.

Avino Silver & Gold Mines Ltd.	9-1	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

Assay values from outcrop sampling of surface-mapped veins towards the San Jose hill ranged from lows of 2 g/t silver and trace gold over true thicknesses from 0.1 to 2.3 m up to a high of 755 g/t silver with a corresponding 1.5 g/t gold over a thickness of 0.45 m.

No systematic sampling, trenching or drilling of either the outcrops or the veins is known to have occurred during the program undertaken in 1993.

Since mine closure in 2001, Avino has intermittently conducted exploration work on the Property, with the intention of expanding and better defining known areas of mineralization. Historic near-to-surface mining activities are being relied upon for guidance, and modern techniques are being employed to integrate, manage and interpret results. Included in the list of exploration activities is an induced polarization (IP) geophysical survey, 1,500 soil samples, satellite imagery, mapping, trenching, tailings investigations, bulk sampling, and underground channel sampling.

Two specific mineralogical assessments were conducted in 2003 and 2004 on samples from the tailings on the Property. The purpose of the program was to provide data for independent investigation of the 1990 drilling results on the oxide tailings (discussed in Section 10.0) in terms of verifying assay grades and volumes, as well to examine the metallurgical characteristics of the material. The results and implications of these findings are discussed further in Section 13.0.

Avino Silver & Gold Mines Ltd.	9-2	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

The following information regarding the 2004 sampling is summarized from Slim (2005d).

The 2004 tailings field-work was under the direction of MineStart and excavation of the sample pits was under contract to Desarrollos Rod Construcciones of Durango. Given the hydraulic deposition of the tailings, four important factors required examination: anomaly characteristics of the samples and total population, assay comparison by fence, examination of downstream decrease in assays and factors arising from the downstream construction.

Comparison of the 2004 assays with those from 1990 show consistency in assay values and provide confidence in the 1990 sampling and assaying program.

The preliminary investigations in 2003 showed the need for a sampling of the oxide tailings to validate the assay results of the 1990 drilling and to carry out metallurgical characterization, the latter requiring large samples.

The sampling exercise carried out in 2004, using shallow (4 m deep) backhoe trenches and hand-dug pits, represented a local corroboration of the previous sampling but could not be considered to constitute a representative random sampling of the oxide tailings.

The trench sampling material (Z-series) from the 1993 campaign was also considered to be non-representative.

Some sampling was carried out in 2005 by means of hand-dug pits on the “upper bench” of sulphide tailings. The silver and gold values generally ranged from 40.0 to 100.0 g/t and 0.3 to 0.6 g/t, respectively. While these values give a general idea of the potential grade of the sulphide tailings, they have not been verified to be representative of the sulphide tailings, even at a local scale.

Avino completed a 10,000 t bulk sample program at the San Gonzalo deposit following a comprehensive review of the data and discussions with Tetra Tech. The bulk sample feed grade was 261 g/t silver and 0.9 g/t gold. Silver and gold recoveries were stated to be 76% and 59%, respectively, and 232 dry tonnes of flotation concentrate were produced.

9.2.4 UNDERGROUND CHANNEL SAMPLING OF SAN GONZALO AND AVINO VEINS, 2010 TO PRESENT

Underground channel sampling began in 2010 and has continued to the present at ET Mine (Avino Vein System) and San Gonzalo Mine. Channel sampling generated since 2010 data are summarized in

Avino Silver & Gold Mines Ltd.	9-3	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

Table 9.1 Summary Underground Channel Sampling by Level for the Avino (ET) Underground Mines

Table 9.2 Summary of Underground Channel Sampling by Level for the San Gonzalo Mine

Avino Silver & Gold Mines Ltd.	9-4	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

9.2.5 UNDERGROUND CHANNEL SAMPLING OF SAN GONZALO AND ANGELICA VEINS, 2010-PRESENT

Underground channel sampling began in 2010 and has continued to the present. Channel sampling between 2010 and 2012 was summarized in Tetra Tech (2013). Results of underground sampling since 2013 are summarized in Table 9.2.

Figure 9.1 and Figure 9.2 show the location of all channels, colour coded by grade, included in the current resource estimate (Section 14.2), within and adjacent to the Avino and San Gonzalo Vein systems respectively. Drillholes are also shown for orientation.

Figure 9.1 Channel and Drillhole Samples, Colour Coded by Silver Grade, within the Avino System

Figure 9.2 Channel Samples, Colour Coded by Silver Grade, within the San Gonzalo Vein System

Avino Silver & Gold Mines Ltd.	9-5	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

Drilling activities performed by Avino since acquisition of the Property are summarized in the following sections. Drillhole assay results have been previously reported (except ET-12-07 to ET-12-09; Appendix A) by Gunning (2009), Tetra Tech (2012) and Tetra tech (2013) and are not disclosed here.

Between 1968 and 2001, at least 25 diamond drillholes, ranging in length from 132.20 to 575.20 m, are reported to have been drilled from surface into the Avino Vein. Included in this total are 10 holes that were drilled by Selco in 1970 when they were re-habilitating some of the old underground workings to provide access for sampling (Slim 2005d). No further information on these drillholes was available to ARANZ Geo and they are not included in the resource estimate for the Avino Vein.

Between November 10 and December 5, 1990 and March 8 and May 30, 1991, Avino completed six trenches and 28 vertical drillholes in the tailings (Table 10.1) along 7 fences at a spacing of roughly 50 m by50 m (Figure 10.1) (Benitez Sanchez 1991). Drilling was completed transversely to the drainage pattern of the tailings. Cut at 1 m vertical increments, 461 samples were assayed for silver and gold at the mine assay lab and occasional moisture contents were reported. Assay results from these drillholes have been previously reported (Tetra Tech 2012). Although the Z-series trenches are included in Table 10.1 and Figure 10.1, they are not included in the oxide tailings resource estimate (Section 14.3) as they are not considered representative of the tailings at a local scale (see Section 9.2.1). During 2015 and 2016 further drilling was carried out on the oxide tailings.

A total of 37 drillholes have been completed on the Avino Vein system and 101 holes 21,253 m San Gonzalo Vein system, totalling almost 34,100 m. Additional exploration holes have been drilled elsewhere on the Property, but those drilling results are not considered material. Most holes were surveyed downhole using a Tropari single-shot magnetic instrument.

Avino Silver & Gold Mines Ltd.	10-1	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

Since 2016, 5,510 m (34 holes see Figure 10.1) were drilled in an infill program in the San Luis/Avino Vein system. In 2017, 1,478 m (7 holes, see Figure 10.1) were drilled in the Chirumbo section (eastern extension) of the Avino Vein. A total of 20,967 m (85 holes, see Table 10.1) of documented drilling has been used for Mineral Resource estimation on the Avino Vein system.

A total of 22, 617 m (110 holes, see Table 10.4 of documented drilling has been used for Mineral Resource estimation on the San Gonzalo vein system.

Figure 10.1 Drillholes Completed from 2016 to 2017 on the Avino-San Luis Infill and Chirumbo, Guadalupe and San Juventino Areas

During 2016 and 2017, exploration drilling was carried out on the San Juventino and Guadalupe veins (see Figure 10.2 and Table 10.5). These veins are strategically positioned next close to and between the ET and San Gonzalo mining operations. A total of 936 m (6 holes) of documented drilling has been drilled on the Guadalupe Vein. A total of 846 m (5 holes) of documented drilling has been drilled on the San Juventino Vein.

Avino Silver & Gold Mines Ltd.	10-2	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

Figure 10.2 Location of Drillholes Completed from 2016 to 2017 on Drillholes Completed from 2016 to 2017 on the Guadalupe and San Juventino Veins

Hole ID	Azimuth (°)	Dip (°)	Easting (m)	Northing (m)	Elevation (m)	Depth (m)
SG-07-01	43	60	571713	2713982	2,297	386.8
SG-07-02	38	48	571714	2713983	2,297	323.7
SG-07-03	74	43	571714	2713981	2,297	315.0
SG-07-04	53	49	571651	2714059	2,276	312.7
SG-07-05	59	69	571650	2714058	2,276	137.0
SG-07-06	55	58	571650	2714058	2,276	387.2
SG-07-07	44	44	571578	2714117	2,281	281.6
SG-07-08	43	55	571578	2714116	2,281	383.7
SG-07-09	38	45	571677	2714137	2,277	106.6
SG-07-10	53	58	571677	2714136	2,277	162.9
SG-07-11	15	49	571676	2714135	2,277	158.6
SG-07-12	89	53	571678	2714133	2,277	175.5
SG-07-13	55	49	571770	2713993	2,315	160.6
SG-07-14	54	53	571716	2713972	2,297	295.2
SG-07-15	218	49	571689	2714268	2,296	96.2
SG-07-16	219	54	571552	2714354	2,285	99.9
SG-07-17	252	55	571428	2714421	2,268	69.8
SG-07-18	218	65	571765	2714318	2,293	238.1
table continues…

Avino Silver & Gold Mines Ltd.	10-3	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

Hole ID

Azimuth

(°)

Dip

(°)

Easting

(m)

Northing

(m)

Elevation

(m)

Depth

(m)

SG-07-19	257	66	571763	2714320	2,293	344.9
SG-07-20	215	67	571650	2714345	2,281	247.4
SG-07-21	38	53	571713	2713979	2,297	295.0
SG-07-22	218	54	572007	2714128	2,343	232.5
SG-07-23	216	70	572007	2714128	2,343	303.5
SG-07-24	217	53	571969	2714077	2,351	124.4
SG-07-25	216	65	571969	2714078	2,351	190.5
SG-07-26	216	69	572033	2714172	2,337	395.4
SG-07-27	218	55	572078	2714077	2,345	237.8
SG-07-28	218	74	572078	2714078	2,345	319.5
SG-07-29	221	43	572033	2714010	2,356	103.6
SG-07-30	221	64	572034	2714010	2,356	158.4
SG-07-31	218	43	571954	2714056	2,352	104.8
SG-07-32	223	70	572122	2714135	2,330	408.0
SG-07-33	211	43	572069	2714009	2,353	130.6
SG-07-34	210	58	572069	2714010	2,353	183.1
SG-07-35	211	68	572069	2714010	2,353	272.2
SG-07-36	215	41	572050	2713959	2,358	102.2
SG-07-37	219	53	572115	2713975	2,351	154.4
SG-07-38	221	67	572115	2713975	2,351	214.2
SG-07-39	220	73	572120	2713898	2,353	128.1
SG-07-40	220	74	571899	2714211	2,321	516.1
SG-08-01	35	51	571776	2713974	2,314	210.1
SG-08-02	215	57	571964	2714167	2,335	269.1
SG-08-03	215	70	571964	2714168	2,335	332.0
SG-08-04	215	63	572029	2714121	2,343	270.0
SG-08-05	35	55	571701	2713893	2,285	475.3
SG-08-06	48	64	571679	2714137	2,277	226.4
SG-11-01	215	59	571981	2714009	2,357	101.0
SG-11-02	215	63	571995	2714030	2,355	141.2
SG-11-03	215	44	572020	2713994	2,357	98.5
SG-11-04	212	54	571969	2714079	2,351	176.5
SG-11-05	40	43	571892	2713832	2,317	151.4
SG-11-06	189	44	571732	2714379	2,274	122.3
SG-11-07	30	68	572030	2713946	2,358	74.0
SG-11-08	37	67	572043	2713888	2,360	125.4
SG-11-09	181	48	571585	2714366	2,278	71.1
SG-11-10	201	61	571240	2714538	2,235	78.4
SG-11-11	201	61	571329	2714397	2,274	92.0
SG-11-12	218	71	571811	2714288	2,305	312.2
SG-11-13	218	71	571847	2714258	2,310	345.4
SG-11-14	209	61	571939	2714214	2,326	330.5
table continues…

Avino Silver & Gold Mines Ltd.	10-4	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

Hole ID

Azimuth

(°)

Dip

(°)

Easting

(m)

Northing

(m)

Elevation

(m)

Depth

(m)

SG-11-15	211	68	572030	2714172	2,337	363.5
SG-11-16	209	62	572092	2714173	2,331	334.3
SG-11-17	210	70	571836	2714336	2,306	383.1
SG-11-18	218	71	571765	2714321	2,293	318.2
SG-14-01	287	54	571858	2714156	2,086	156.6
SG-14-02	258	60	571858	2714155	2,086	120.1
SG-14-03	160	71	571861	2714153	2,086	173.0
SG-14-04	199	70	571688	2714270	2,296	120.0
SG-14-05	219	70	572157	2714044	2,330	346.8
SG-14-06	207	79	572158	2714044	2,331	411.0
SG-14-07	210	27	572284	2714059	2,297	248.3
SG-14-08	209	58	572285	2714061	2,298	336.0
SG-14-09	208	68	572285	2714061	2,297	401.8
SG-14-10	213	50	572293	2713911	2,300	235.3
SG-14-11	37	-2	571865	2714159	2,087	224.2
SG-14-12	286	52	571896	2714157	2,044	185.0
SG-14-13	209	62	571898	2714156	2,043	213.4
SG-14-14	208	33	572294	2713912	2,300	192.2
SG-14-15	210	72	572294	2713912	2,300	257.4
SG-15-01	237	40	571874	2714128	2,043	75.2
SG-15-02	187	42	571875	2714128	2,043	81.7
SG-15-03	148	30	571878	2714126	2,043	75.8
SG-15-04	280	43	571873	2714130	2,043	98.8
SG-15-05	163	52	571878	2714127	2,043	58.0
SG-15-06	242	73	571876	2714129	2,043	106.4
SG-15-07	258	0	572234	2713841	2,139	44.0
SG-15-08	13	0	572255	2713906	2,138	16.2
SG-15-09	215	36	572255	2713894	2,138	99.6
SG-15-10	260	32	572252	2713896	2,137	90.5
SG-15-11	204	71	571672	2714298	2,292	150.0
SG-15-12	192	83	571672	2714298	2,291	200.8
SG-15-13	240	0	572288	2713887	2,138	74.5
SG-15-14	216	58	571652	2714345	2,280	145.8
SG-15-15	216	76	571652	2714346	2,280	195.7
SG-15-16	90	0	572288	2713888	2,138	100.8
SG-15-17	226	68	571593	2714352	2,282	145.3
SG-15-18	215	30	572479	2713867	2,284	209.8
SG-15-19	214	52	572480	2713868	2,283	290.9
SG-15-20	210	52	572586	2713740	2,309	218.8
SG-15-21	212	20	572584	2713739	2,309	145.6
SG-15-22	218	71	572570	2713772	2,303	350.0
SG-15-23	213	59	572702	2713747	2,284	251.8
table continues…

Avino Silver & Gold Mines Ltd.	10-5	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

Hole ID

Azimuth

(°)

Dip

(°)

Easting

(m)

Northing

(m)

Elevation

(m)

Depth

(m)

SG-15-24	215	28	572700	2713745	2,284	187.7
SG-16-01	250	68	571428	2714421	2,268	147.7
SG-16-02	250	77	571428	2714421	2,268	167.8
SG-16-03	208	51	571339	2714462	2,256	74.8
SG-16-04	193	79	571340	2714463	2,256	111.0
SG-16-05	190	75	571347	2714495	2,248	159.6
SG-16-06	215	69	571300	2714500	2,245	171.7
SG-16-07	215	54	571299	2714499	2,245	89.5

Table 10.2 Drillholes Completed from 2001 to 2017 at ET Mine (includes San Luis, Avino vein and Chirumbo

Hole ID	Azimuth (°)	Dip (°)	Easting (m)	Northing (m)	Elevation (m)	Depth (m)
BDD-5-1	329	0	570712	2712933	2,242	53.3
BDVD1	38	55	570374	2712575	2,248	100.1
CH-06-03	331	51	571013	2712796	2,208	454.3
DDH-1-1950	340	45	570481	2712348	2,193	433.1
DDH-1-2200	359	45	570025	2712487	2,232	151.1
DDH-2-2075	340	45	570296	2712488	2,221	287.1
DDH-2-2200	0	50	570155	2712550	2,252	178.8
DDH-3-2200	0	50	570286	2712594	2,258	175.1
DDH-4-1950	340	70	570302	2712480	2,220	331.7
DDH-8-2200	0	45	569961	2712489	2,232	162.0
ET-06-01	337	55	570271	2712262	2,187	431.2
ET-06-02	340	50	570337	2712309	2,190	416.7
ET-06-03	339	48	570457	2712361	2,194	421.2
ET-06-04	340	50	570501	2712468	2,215	444.1
ET-07-01	1	70	570176	2712453	2,222	298.6
ET-07-02	358	75	570206	2712467	2,224	311.9
ET-07-03	336	71	570344	2712498	2,226	349.5
ET-07-04	331	56	570440	2712511	2,226	318.7
ET-07-05	333	66	570440	2712510	2,226	351.5
ET-07-06	336	55	570520	2712524	2,225	320.1
ET-07-07	330	57	570585	2712569	2,230	304.9
ET-07-08	346	69	570584	2712569	2,231	399.7
ET-07-09	336	62	570629	2712604	2,235	328.6
ET-07-10	338	62	570645	2712650	2,245	308.7
ET-07-11	337	69	570682	2712654	2,241	329.8
ET-07-12	337	48	570735	2712654	2,234	284.7
ET-08-01	329	45	570807	2712712	2,236	221.5
ET-08-02	330	55	570341	2712549	2,244	234.5
table continues…

Avino Silver & Gold Mines Ltd.	10-6	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

Hole ID

Azimuth

(°)

Dip

(°)

Easting

(m)

Northing

(m)

Elevation

(m)

Depth

(m)

ET-08-03	330	65	570341	2712549	2,244	265.1
ET-08-04	336	65	570588	2712568	2,231	358.7
ET-08-05	336	67	570658	2712629	2,245	371.1
ET-08-06	336	60	570676	2712654	2,243	292.5
ET-08-07	336	60	570747	2712656	2,234	160.4
ET-08-08	336	45	570906	2712766	2,227	269.1
ET-12-01	336	63	570354	2712501	2,226	288.2
ET-12-02	337	53	570507	2712472	2,214	360.9
ET-12-03	336	59	570507	2712471	2,214	367.8
ET-12-04	339	64	570544	2712497	2,216	373.6
ET-12-05	336	62	570566	2712508	2,218	369.2
ET-12-06	334	70	570589	2712523	2,219	396.1
ET-12-07	334	63	570678	2712594	2,227	327.6
ET-12-08	333	71	570678	2712594	2,227	384.4
ET-12-09	329	72	570646	2712555	2,222	395.4
ET-16-01	338	21	570395	2712660	2,278	151.3
ET-16-02	336	44	570396	2712658	2,277	152.4
ET-16-03	338	47	570325	2712641	2,273	161.8
ET-16-04	340	45	570275	2712634	2,270	126.6
ET-16-05	339	42	570295	2712566	2,251	196.0
ET-16-06	6	74	570221	2712667	2,291	118.0
ET-16-07	320	73	570183	2712656	2,287	89.5
ET-16-08	337	47	570399	2712606	2,261	194.3
ET-16-09	337	49	570411	2712570	2,247	237.5
ET-16-10	9	21	570195	2712466	2,224	254.2
ET-16-11	2	44	570179	2712458	2,224	265.1
ET-16-12	359	63	570148	2712465	2,226	266.6
ET-17-01	360	62	569935	2712576	2,263	103.8
ET-17-02	358	55	569881	2712568	2,243	100.8
ET-17-03	360	34	569861	2712588	2,244	85.9
ET-17-04	251	90	569861	2712585	2,244	182.7
ET-17-05	321	89	569830	2712600	2,244	91.5
ET-17-06	338	48	570301	2712635	2,271	144.5
ET-17-07	337	29	570301	2712635	2,271	121.5
ET-17-08	336	54	570264	2712631	2,269	119.3
ET-17-09	337	31	570263	2712632	2,269	101.5
ET-17-10	339	23	570349	2712649	2,274	129.3
ET-17-11	336	24	570436	2712672	2,280	143.4
ET-17-12	348	60	570200	2712661	2,288	80.7
ET-17-13	349	29	570200	2712663	2,288	62.2
ET-17-14	339	31	570375	2712735	2,311	61.0
ET-17-15	341	19	570304	2712697	2,302	80.3
table continues…

Avino Silver & Gold Mines Ltd.	10-7	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

Hole ID

Azimuth

(°)

Dip

(°)

Easting

(m)

Northing

(m)

Elevation

(m)

Depth

(m)

ET-17-16	1	21	570197	2712460	2,223	247.6
ET-17-17	358	53	570197	2712460	2,223	261.6
ET-17-18	355	38	570236	2712452	2,219	249.5
ET-17-19	356	52	570155	2712467	2,226	225.7
ET-17-20	336	51	570369	2712554	2,243	220.3
ET-17-21	336	59	570357	2712552	2,243	248.4
ET-17-22	357	9	570236	2712454	2,220	234.9
ET-17-23	345	50	570999	2712915	2,225	190.6
ET-17-24	337	45	570964	2712882	2,230	208.2
ET-17-25	339	38	570965	2712962	2,232	140.8
ET-17-26	338	38	570888	2712934	2,268	160.0
ET-17-27	341	46	570926	2712854	2,229	223.3
SELCO-2-1800	342	68	570435	2712337	2,194	575.2
SELCO-3	339	53	570357	2712451	2,217	325.7
SELCO-4A	350	60	570070	2712396	2,214	251.0

Table 10.3 Drillholes Completed from 2017 to 2018 at Guadalupe and San Juventino

During 2015 and 2016, Avino drilled 57 new holes on the oxide tailings deposit. Collar coordinates are provided in Table 10.4. Drillholes completed before 2015 on the oxide tailings have been previously reported (Tetra Tech 2013). A location map of oxide tailings drillholes is provided in Figure 10.3. The 2015/16 holes are indicated in red.

Avino Silver & Gold Mines Ltd.	10-8	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

Hole ID	Azimuth (°)	Dip (°)	Easting (m)	Northing (m)	Elevation (m)	Depth (m)
A1	0	90	570205	2712340	2,203.8	5.2
A2	0	90	570184	2712306	2,203.5	7.2
A3	0	90	570192	2712267	2,203.1	8.2
A4	0	90	570167	2712236	2,203.0	9.2
A5	0	90	570175	2712197	2,202.9	15.2
A6	0	90	570152	2712167	2,202.0	18.2
A7	0	90	570159	2712128	2,201.0	16.2
A8	0	90	570150	2712094	2,200.4	8.2
B1	0	90	570132	2712365	2,217.1	10.2
B2	0	90	570114	2712318	2,216.7	19.2
B3	0	90	570101	2712268	2,216.4	26.6
B4	0	90	570079	2712207	2,216.1	23.7
B5	0	90	570082	2712140	2,214.3	18.2
C1	0	90	570085	2712383	2,217.6	8.7
C2	0	90	570077	2712354	2,217.1	15.2
C4	0	90	570049	2712250	2,216.1	24.2
C5	0	90	570028	2712164	2,216.0	14.2
C6	0	90	570017	2712117	2,216.4	10.2
D1	0	90	570029	2712373	2,217.6	13.2
D2	0	90	570018	2712329	2,216.7	19.2
D3	0	90	570003	2712273	2,217.6	19.7
D4	0	90	569962	2712167	2,215.9	6.2
E1	0	90	569977	2712369	2,216.5	13.2
E2	0	90	569960	2712311	2,216.1	18.7
E3	0	90	569952	2712267	2,215.8	12.2
F1	0	90	569936	2712401	2,216.4	18.7
F2	0	90	569926	2712364	2,216.1	16.2
F3	0	90	569915	2712324	2,215.8	15.2
PJ-15-01	0	90	570191	2712415	2,219.5	6.5
PJ-15-02	0	90	570183	2712386	2,219.2	12.4
PJ-15-03	0	90	570173	2712357	2,218.6	13.4
PJ-15-04	0	90	570168	2712327	2,217.7	18.9
PJ-15-05	0	90	570160	2712298	2,216.8	21.8
PJ-15-06	0	90	570153	2712269	2,216.4	8.3
PJ-15-06A	0	90	570155	2712277	2,216.5	26.8
PJ-15-07	0	90	570143	2712241	2,215.7	28.5
PJ-15-08	0	90	570128	2712212	2,219.5	28.0
PJ-15-09	0	90	570093	2712157	2,214.9	21.2
PJ-15-10	0	90	570101	2712184	2,215.2	27.0
PJ-15-11	0	90	570109	2712215	2,216.8	28.5
PJ-16-01	0	90	570116	2712245	2,216.7	27.9
table continues…

Avino Silver & Gold Mines Ltd.	10-9	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

Hole ID

Azimuth

(°)

Dip

(°)

Easting

(m)

Northing

(m)

Elevation

(m)

Depth

(m)

PJ-16-02	0	90	570124	2712274	2,217.2	26.4
PJ-16-03	0	90	570132	2712305	2,217.4	23.0
PJ-16-04	0	90	570139	2712335	2,218.0	18.0
PJ-16-05	0	90	570135	2712371	2,218.5	12.0
PJ-16-06	0	90	570154	2712393	2,219.2	8.0
PJ-16-07	0	90	570156	2712422	2,220.3	3.9
PJ-16-08	0	90	570111	2712340	2,218.8	18.0
PJ-16-09	0	90	570099	2712313	2,217.8	22.9
PJ-16-10	0	90	570091	2712284	2,216.9	27.5
PJ-16-11	0	90	570083	2712255	2,216.6	23.0
PJ-16-12	0	90	570078	2712223	2,216.0	24.1
PJ-16-13	0	90	570066	2712197	2,216.0	24.0
PJ-16-14	0	90	570057	2712168	2,215.9	20.0
PJ-16-15	0	90	570057	2712138	2,215.1	14.5
PJ-16-16	0	90	570020	2712120	2,215.8	9.5
PJ-16-17	0	90	570028	2712145	2,216.0	14.0
PJ-16-18	0	90	570035	2712177	2,215.9	13.1
PJ-16-19	0	90	570042	2712206	2,216.0	21.0
PJ-16-20	0	90	570050	2712234	2,217.1	26.0
PJ-16-21	0	90	570056	2712261	2,217.5	24.5
PJ-16-22	0	90	570029	2712232	2,218.2	21.5
PJ-16-23	0	90	570014	2712210	2,217.7	20.0
PJ-16-24	,0	90	569999	2712152	2,215.8	8.9
PJ-16-25	0	90	570004	2712125	2,216.2	8.4
PJ-16-26	0	90	570227	2712405	2,207.6	0.6
PJ-16-27	0	90	570219	2712377	2,206.3	0.5
PJ-16-27A	0	90	570218	2712373	2,206.0	0.7
PJ-16-28	0	90	570211	2712349	2,205.0	0.6
PJ-16-29	0	90	570188	2712322	2,205.5	7.9
PJ-16-30	0	90	570179	2712289	2,205.3	13.5
PJ-16-31	0	90	570173	2712261	2,205.8	16.0
PJ-16-32	0	90	570166	2712232	2,204.9	19.6
PJ-16-33	0	90	570159	2712206	2,204.5	17.0
PJ-16-34	0	90	570152	2712176	2,203.8	20.5
PJ-16-35	0	90	570141	2712147	2,202.9	13.7
PJ-16-36	0	90	570138	2712120	2,201.3	8.1
PJ-16-37	0	90	570130	2712090	2,200.6	4.3
PJ-16-38	0	90	570109	2712094	2,200.9	2.0
PJ-16-39	0	90	570116	2712122	2,201.7	6.0
PJ-16-40	0	90	570144	2712093	2,200.6	0.6
PJ-16-41	0	90	570049	2712386	2,245.9	28.5
PJ-16-42	0	90	570019	2712393	2,245.4	21.0
table continues…

Avino Silver & Gold Mines Ltd.	10-10	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

Hole ID

Azimuth

(°)

Dip

(°)

Easting

(m)

Northing

(m)

Elevation

(m)

Depth

(m)

PJ-16-43	0	90	570061	2712412	2,245.5	20.0
PJ-16-44	0	90	570052	2712443	2,245.5	5.0
Z1	100	30	570206	2712408	2,203.7	9.0
Z2	100	30	570189	2712363	2,203.7	16.0
Z3	100	30	570185	2712313	2,203.7	13.0
Z4	100	30	570174	2712266	2,203.7	13.0
Z5	100	30	570162	2712219	2,203.7	13.0
Z6	100	30	570150	2712173	2,203.7	14.0

Figure 10.3 Location of Drillholes Completed from 2015 to 2016 on the Oxide Tailings

Avino Silver & Gold Mines Ltd.	10-11	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

Bulk density samples were analyzed from all 2006-2012 drilling programs on both the Avino and San Gonzalo Veins. Analytical procedures are discussed in Section 11.7. Table 10.5 summarizes the results of these specific gravity measurements.

Avino Silver & Gold Mines Ltd.	10-12	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

The oxide tailings were sampled prior to institution of NI 43-101 and associated quality assurance (QA)/quality control (QC) requirements, and as such no QA/QC measures were utilized during the 1990-1991 program. As a result, the resource estimate for the oxide tailings in Section 14.3 is all classified as Inferred. Twenty-eight holes were drilled and six trenches completed, from which a total of 461 samples were collecting for assaying. The analyses were completed in the on-site laboratory, which is described in Section 11.7 and was visited during the site visit, as summarized in Section 12.4.

Avino’s current on-site, non-certified, laboratory facility consists of sample preparation, crushing and pulverizing, a fire assay and an atomic absorption (AA) section. However, the procedures and facilities used in 1990 to 1991 may be different from the current sample analysis procedures. Because of the uncertainty associated with these analyses, two separate verification exercises have been completed. Slim (2005d) collected several samples from the oxide tailings, and the results of this verification are discussed in Section 11.2. In 2012, Mr. M.F. O’Brien, QP, collected numerous verification samples from the oxide tailings, and these results are discussed in Section 12.3.2.

The sampling method and approach adopted by Slim (2005d) on the test pits in the oxide tailings incorporated the following steps:

	1.	A backhoe was used to excavate sample pits to a depth of 4 m. Hand samples were taken at 1 m vertical increments from the sidewalls of each pit.

	2.	The sample mass collected from each sampling point generally amounted to between 2 and 5 kg.

	3.	The sampling program was ostensibly based on the 1990 CMMA sampling program. Fourteen sample pits were excavated to a depth of 4 m and generated 86 samples.

The samples were air-freighted to PRA labs in Vancouver, British Columbia, from Durango, Mexico. The samples had been initially bagged and sealed with identification tags attached. The samples were allotted new identification numbers, and were subsequently un-bagged and dried. The dry samples were individually mixed and blended, and then split into four one-quarter fractions as directed by Slim (2005d). One fraction was used to determine the head grade assay, while another quarter was used to create composite samples used for the subsequent metallurgical test work program. Instructions were followed with the compositing of the samples, and the test work program.


Avino Silver & Gold Mines Ltd.	11-1	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

Excess sample was archived for future test work or analyses. For analytical techniques employed during the test work program, the standard fire assay (with AA spectrophotometric finish) was initially used for the silver analyses.

However, this method is not very accurate for silver values of less than 100 g/t. Subsequently, the inductively coupled plasma spectroscopy method (ICP-MS), which uses multi-acid digestion, was used for silver. This method also resulted in analyses being obtained for other elements of interest (e.g. copper, zinc, lead, etc.). The standard fire assay method was used for gold analyses. Cyanide and lime concentrations were measured using standard titrimetric methods. Total sulphur was measured using a standard Leco furnace, and sulphide sulphur assays were measured using the standard wet chemical gravimetric analysis (Slim 2005d).

The PRA labs (part of Inspectorate labs) in Nevada and British Columbia are International Organization for Standardization (ISO) 9001:2008 certified, full service laboratories that are independent of Avino. ARANZ Geo did not independently verify nor compare the results of the sampling program.

For the drilling programs at San Gonzalo, core is sawed at Avino's core storage facility at the secure mine site. Samples of vein material, usually from a few centimeters to 1.5 m, are placed and sealed in plastic bags, which are collected by personnel from Inspectorate Labs in Durango at the mine site facilities. Samples are prepared in Durango, and pulps are sent to the Inspectorate facility in Sparks, Nevada for analysis. Since 2016, all drill core samples have been sent to SGS Durango for sample preparation and assaying. Switch was made for faster turnaround times.

Sample preparation in Durango involves the initial drying of the entire sample. Two-stage crushing is used to create a product which is at least 80% minus 10 mesh. A Jones riffle splitter is then used to separate a nominal 300 g portion of the sample. This 300 g sub-sample is then pulverized to more than 90% passing a 150-mesh screen. Inspectorate Labs states that they use sterile sand to clean the pulverizer between samples (Gunning 2009).

Gold analyses are by 30 g fire assay with an AA finish. silver, zinc, and lead are analyzed as part of a multi-element inductively coupled argon plasma package using a four-acid digestion with over-limit results for silver being reanalyzed with assay procedures using fire assay and gravimetric. Avino employs a rigorous quality control program that includes standardized material, blanks, and core duplicates. However, for the 2007 program, Avino did not perform any independent QA/QC and relied on the internal QA/QC procedures completed by the labs (Gunning 2009).


Avino Silver & Gold Mines Ltd.	11-2	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

Inspectorate Labs in Nevada and British Columbia are ISO 9001:2008 certified, full service laboratories that are independent of Avino.

Avino used a series of standard reference materials (SRMs), blank reference materials (blanks) and duplicates as part of their QA/QC program during analysis of assays from San Gonzalo Vein drillholes. ARANZ Geo compiled and reviewed these results in Section 12.1.4.

Sample lengths of NQ drill core were diamond sawed into halves by mine staff and shipped to Inspectorate Labs in Durango for preparation into pulps and rejects. Pulps were analyzed at Inspectorate Labs in Sparks, Nevada. Gold and silver were analyzed by fire assay using aqua regia leach and AA finish. Other elements are reported from a 29-element ICP-MS package. Inspectorate Labs in Nevada and British Columbia are ISO 9001:2008 certified, full service laboratories that are independent of Avino. Sample preparation and analysis and QA/QC procedures are as described in Section 11.3.

Avino used a series of certified reference materials (CRMs), blank reference materials (blanks) and duplicates as part of their QA/QC program during analysis of assays from Avino Vein drillholes. ARANZ Geo compiled and reviewed these results in Section 12.1.4.

Samples from channels cut across the San Gonzalo Vein were assayed by Inspectorate Labs. Samples were crushed and ground in Durango with pulps assayed in Richmond, British Columbia 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. Base metals were analyzed via aqua regia digestion and ICP-MS. Inspectorate Labs in Durango and British Columbia are ISO 9001:2008 certified, full service laboratories that are independent of Avino. Sample preparation and analysis and QA/QC procedures are as described in Section 11.3.

For the 2011 bulk sampling program of San Gonzalo, samples were obtained from channels cut across the vein, and were assayed by Inspectorate Labs. Samples were crushed and ground in Durango with pulps assayed in Richmond, British Columbia 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. Base metals were analyzed via aqua regia digestion and ICP-MS for base metals. Inspectorate Labs in Nevada and British Columbia are ISO 9001:2008 certified, full service laboratories that are independent of Avino.

Samples from 2012 and 2013 underground channel sampling of the San Gonzalo Vein are shipped to Inspectorate Labs for analysis for gold, silver, arsenic, bismuth, copper, molybdenum, lead, antimony, zinc, and mercury. Samples are crushed and ground in Durango with pulps assayed in Reno, Nevada 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, and aqua regia digestion and ICP-MS for base metals. Inspectorate Labs in Nevada and British Columbia are ISO 9001:2008 certified, full service laboratories that are independent of Avino. Sample QA/QC procedures are as described in Section 11.3.


Avino Silver & Gold Mines Ltd.	11-3	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

The Avino laboratory has fire assay, AA and sieving analysis equipment and has been recently upgraded with new AA equipment. A high standard of neatness and cleanliness is being maintained to reduce the risk of contamination. The laboratory was reviewed by Mr. O’Brien during site visits in 2012 and 2016.

Avino completed specific gravity measurements on drillcore from both the Avino and San Gonzalo Veins. All measurements were completed by Avino staff on the mine site. Two different methods were employed to obtain these specific gravity values: caliper volume calculation (CV) and water displacement (WD). The procedures followed for each method are summarized in the following sections.

A total of 262 samples were measured for bulk density, 110 from the Avino Vein and 152 from the San Gonzalo Vein. ARANZ Geo provides recommendations regarding specific gravity sampling procedures in Section 26.1.4 and a QP opinion in Section 12.5.1.

The CV method of determining the specific gravity of drillcore samples involved the following procedures, based on the methodology outlined by Lipton (2001):

The WD method of determining the specific gravity of drill core samples involved the following procedures, based on Archimedes’ Principle:

ARANZ Geo is not aware of any drilling, sampling or recovery factors affecting the reliability of the samples. It is ARANZ Geo’s opinion that the sample preparation, security and analytical procedures followed by Avino are fit for the purpose of this Technical Report.


Avino Silver & Gold Mines Ltd.	11-5	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

ARANZ Geo compiled the drillhole data provided by Avino on a hole-by-hole basis, including drillhole collar, survey, lithology, and assay data.

During the site visit in June 2016, ARANZ Geo selected the following drillholes for verification in the core shack: ET-06-02, ET-07-01, ET-07-03, SG-15-03 and SG-14-02. Logging and cores showed good correspondence with no significant differences.

Collars for exploration drillholes are marked by concrete monuments and the collars have been surveyed. Subsequent collars have been similarly marked and were observed during a site visit in June 2016.

A check of the coordinates with a handheld global positioning system (GPS) during a site visit in 2016 revealed a possible 4 m constant error, which may indicate the existence of a small surveying error on the Property.

The QP opinion of the reliability of the Avino drillhole data is discussed in Section 12.5.1 and detailed recommendations are provided in Section 26.1.

Table 12.1 summarizes the database validation results. The Avino Vein lithology data for the older drillholes and upper portion of the mine, is very sparse owing to the age of the records. The upper part of the deposit model has consequently been modelled using assay data and development mapping information. As the deficient lithology information pertains mainly to parts of the deposit that have been mined out, ARANZ Geo does not consider it to be a material deficiency.


Avino Silver & Gold Mines Ltd.	12-1	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico


Avino Vein	Number of Records		Discrepancies		Discrepancy Rate (%)
Avino Vein
Survey Data		3,330		-		2.2
No Surveys for Collar				2
Duplicate Collar and Surveys				3
Duplicate Survey Depths				67
Assays		16,906				0.3
No Sample for Collars				24
Overlapping Segments				8
Collar Max Depth Exceeded				15
Lithology		4,059				54.2
From to Depth Overelap				280
No Samples for Collar				1,916
Collar Max Depth Exceeded				2
San Gonzalo Vein
Survey Data		3,506				0.1
No Survey for Collar				1
Duplicate Collar and Surveys				0
Duplicate Survey Depths				0
Incomplete Survey Data				2
Assays		16,077				0.2
No Samples for Collars				23
Overlapping Segments				8
Collar Max Depth Exceeded				6
Lithology		15,043				0.3
From to Depth Overlap				0
No Samples for Collar				52
Collar Max Depth Exceeded				0

A previous validation exercise was completed for assay results from post-2009 drilling by Tetra Tech (2012). Original assay certificates were compared against the data as reported by Avino. Assay results from drillholes SG-11-13 to SG-11-17, and ET-12-01 to ET-12-09 were verified. For all metals in the database (gold, silver, copper, lead, zinc, and bismuth), the error incidence was less than 1%.


Avino Silver & Gold Mines Ltd.	12-2	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

Downhole survey data exists for 87 of the 98 drillholes completed in the Avino and San Gonzalo Veins. Most drillholes have three or fewer downhole survey points, which is less frequent than typical industry practice. Many of these holes contain a survey data point at the collar and near the end of hole, and sometimes part-way down the hole. However, 26 of the 87 holes for which downhole survey data exists were not surveyed to within 10 m of the end of the hole. All measurements were completed by a magnetic survey method, which is not recommended in general, and particularly not in locations with extensive underground infrastructure such as those present on the Property. Given the abundance of historical infrastructure on the Property and the potential for any drillholes to intersect active workings, downhole survey measurements should be collected at a frequency of at least every 10 m and all drillholes should be cemented following completion.

Downhole survey data for hole SG-07-06 was disregarded below 50 m depth due to an unrealistic kink in the drillhole orientation below this depth, which could be due to an instrument malfunction or to magnetic interference.

ARANZ Geo has the following observations on the Avino geology database and interpretation:

To ARANZ Geo knowledge, routine photography of drillcore and underground drifts is being completed. A digital photographic record is kept of all drillcore and underground drifts for future reference, and to facilitate consistent core logging and geology interpretation.

QA/QC samples were submitted in the sample stream during all 2006 to 2012 drilling programs on both the Avino and San Gonzalo veins, although not in a consistent manner. These results were reviewed in detail by Tetra Tech and were discussed in Tetra Tech’s 2013 report. Avino used a number of SRMs, blank reference materials (blanks) and duplicates as part of their 2015/2016 QA/QC program.

Three standards were analyzed during 2015-2016 oxide tailings drilling campaign. Three laboratory-certified standards (see Table 12-2) were used and the silver and gold results are discussed below.

The standards were submitted at a rate of 10% (total of 561 samples) which is higher than the industry norm of 5%. They were submitted to both Inspectorate and SGS Laboratories.

The three standards appear to have been determined within the limits in most of cases, but standard CDN-ME-1305 showed some anomalies for silver, notably one high grade return above the upper limit and a run of four over the upper limit returns for the Inspectorate results. This is a high-grade silver sample, so it may be that the standard was not well mixed and is showing some nugget behaviour.


Avino Silver & Gold Mines Ltd.	12-3	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

During the period March 2016 to February 2018, 5,912 samples were submitted for assay, 5,462 to SGS Durango and 450 to Inspectorate America Corporation. Totals of 628 standard samples, 181 blanks and 138 duplicates were submitted. Thus, a relative submission rate of 10.6% standard reference materials, 3.1% blanks and 2.3% duplicate samples was maintained during the period. This is within industry norms.

Nine different reference standards, bracketing the expected ranges of grades for gold, silver and copper, were analyzed during the 2016-2017 period drilling campaigns for Avino-ET, San Gonzalo, Guadalupe and San Juventino. The silver, gold and copper results are discussed below.


Avino Silver & Gold Mines Ltd.	12-4	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

The standards performances are colour-coded in the two right hand columns of Table 12.1. Shades of red indicate relatively high percentage of assay returns recorded outside the two and three standard deviation confidence limits, while shades of green reflect low percentage of assays falling outside the limits. The pattern of performance for all three metals is similar for each of the standards. CDN-ME-1307 is the worst performer for gold, silver and copper.

Performance graphs showing the results for CDN-ME-1307 are shown as an example of a poorly performing standard in Figure 12.1 through Figure 12.3 for gold, silver and copper respectively. In the following graphs, good performance is indicated by consistent appearance of the assays within the red lines (representing three standard deviations from the mean of the material) and the brown lines (representing two standard deviations from the mean of the material). Poor performance is indicated by assays falling outside the confidence limits.


Avino Silver & Gold Mines Ltd.	12-5	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico


Avino Silver & Gold Mines Ltd.	12-6	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

Standard CDN-ME-1307 has produced quite erratic results for all three metals. This standard was not employed for a period of six months, between May and November, 2016. Standard materials can become less homogenous and thus less amenable to act as a standard material, if they allowed to remain in place for a long period of time, particularly if they are subjected to low frequency consistent vibration. This may occur on a mine site with heavy equipment or a laboratory crushing equipment in frequent prolonged use. This is one possibility for the pattern of assay results. It is best to keep consistently using a standard material unit lit is used up as it may deteriorate, through physical segregation of light and heavy particles and also possibly undergo chemical changes that can affect assay performance.

Performance graphs showing the results for CDN-ME-1414 are shown as an example of a well performing standard in Figure 12.4 through Figure 12.6 for gold, silver and copper respectively.


Avino Silver & Gold Mines Ltd.	12-7	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

CDN-ME-1414 displays consistent results and was frequently used during the period July 2017 to March 2018.


Avino Silver & Gold Mines Ltd.	12-8	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

Blank performance is shown in Figure 12.7, Figure 12.8 and Figure 12.9, for gold, silver and copper, respectively. All three graphs cover the period May 2016 to March 2018. Clusters of anomalous grades are present for all three metals, from November 2016 to March 2017 and may represent laboratory contamination that could be due to:

	·	consignments of high volumes of samples or

	·	high grade material from another operation or

	·	end of year staff turnover.

In any case, these sporadic incidents of blank failure are relatively few and contamination does not appear to be significant. Nevertheless, Avino should continue to monitor blanks and inform external laboratories if failures occur in clusters.


Avino Silver & Gold Mines Ltd.	12-9	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

Duplicate results for gold silver and copper are summarized in Figure 12.10 to Figure 12.15. Scatterplots (Figure 12.10, Figure 12.12, and Figure 12.14) show good correspondence across the spectrum of assay values. Power fit curves have been generated to show the relationships telescoped across the logarithmic axes.

Half Absolute Relative Difference (HARD) Charts are useful for assessing the precision of a set of duplicates and are shown in Figure 12.11, Figure 12.13, and Figure 12.15, for gold, silver and copper, respectively. In all three cases the plots do not pass through the nominal target of 90^th percentile passing 20% half absolute relative difference for pulp duplicates.


Avino Silver & Gold Mines Ltd.	12-10	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

ARANZ Geo recommends that some experiments be carried out to improve assay precision.


Avino Silver & Gold Mines Ltd.	12-11	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico


Avino Silver & Gold Mines Ltd.	12-12	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico


Avino Silver & Gold Mines Ltd.	12-13	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico


Avino Silver & Gold Mines Ltd.	12-14	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico


Avino Silver & Gold Mines Ltd.	12-15	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

The correlation graphs for the three metals (Figure 12.10, Figure 12.12, and Figure 12.14) show no significant bias between originals and repeats.

A limited number of specific gravity measurements were originally collected by Avino from drillholes in the Avino and San Gonzalo Veins. These measurements were not representative of the veins spatially or by drilling program, and Tetra Tech (2012) requested additional specific gravity measurements be completed on drillcore from both veins. These additional measurements were completed by Avino in 2013. Review of these measurements (see Section 14.6) suggests that they are a limited basis for spatial estimation. Consequently, the long-term historic production average value of 2.63 has been assigned as a density factor to the Avino and San Gonzalo Mineral Resources disclosed in Section 14.0.

A QP opinion of the reliability of the Avino specific gravity data is discussed in Section 12.5.1.


Avino Silver & Gold Mines Ltd.	12-16	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

Tetra Tech (2012) compiled the assay data used in the oxide tailings resource estimate by referring to original mine sections and verification of this data is described below. The 1:1,000 scale plans drafted for this exercise were scanned and used to verify the positions of the old drillholes. One transposition error on a collar elevation in mine coordinates was observed and subsequently corrected (drillhole E3 was incorrectly recorded at an elevation of 2,275 m, and was corrected to 2,257 m).

Avino provided the following formulae to convert the collar coordinate data from local mine grid coordinates to Universal Transverse Mercator (UTM) coordinates:

Since the trenches (named with Z-series) from the 1990 to 1991 program represent incomplete surface sampling of an unrepresentative part of the pile (at the wall where the outlets for the hydraulic emplacement of the material were sited), these data were not used in the oxide tailings resource estimate.

Tetra Tech (2013) verified 54% of drillholes in this database (15 of 28 drillholes) and 58% of both silver and gold assays (444 of 766 values) used for this estimation. QG Consulting verified the oxide tailings data in 2016 and ARANZ Geo reviewed the work again in 2017 and is not aware of any significant errors.

The QP opinion of the reliability of the 1990 to 1991 oxide tailings assays is discussed in Section 12.5.2.

As was reported by Tetra Tech (2013), during a previous site visit conducted on June 7 and 8, 2012, Michael F. O’Brien visited the tailings heaps and supervised the collection of eight samples from the oxide tailings (3 to 4 kg each). The samples were collected from gulleys that had eroded into the tailings pile and provided a vertical section through the tailings. It is believed that while such samples cannot provide a statistically representative reflection of overall grade, they do provide some insight into the grade of the tailings near surface. The eight samples were each split into three separate sub-samples, which were submitted in turn to the Avino Mine laboratory together with SGS laboratories in Durango and Vancouver.

Statistical analysis of the three sets of results demonstrated that there is good correlation between the three laboratories and this conclusion remains valid.


Avino Silver & Gold Mines Ltd.	12-17	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

The sampling exercise in 2012 provided the opportunity to review the artificial sedimentary deposit that comprises the Avino oxide tailings and supported the previous assumptions of the tailings, such as regarding the oxide tailings as two superimposed units with slightly different chemical and particle size characteristics and pronounced horizontal continuity. The source data and plans prepared more than 20 years ago after the initial drilling campaign, were examined at the mine and found to be of professional standard and provide support for their use in the estimation of the oxide tailings. The overall homogeneity of the material, horizontal continuity and relatively high confidence in the volume and tonnage, mitigate any uncertainty in the historical data set. The pattern of sample grades (see Figure 14.6) from the 2015/2016 drill campaigns the earlier drilling form a coherent pattern with no obvious discontinuity between campaigns.

Michael F. O’Brien conducted site visits on June 7 and 8, 2012, June 6 and 7, 2016, and June 12 to 15, 2017. During the latest visit, Mr. O’Brien visited Avino and San Gonzalo underground mines to review the Avino and San Gonzalo Vein systems. The surface drill sites and exposure to the Guadalupe Vein were examined.

The drill dataset has been produced over a long period of time within a brownfield property. All data used for this study is obtained from work carried out by staff of the current issuer, which has owned the Property continuously since the start of this work.

A single, compiled database containing all relevant drilling information does not exist for the Property. A variety of partially-compiled data sources were provided to ARANZ Geo.

Downhole survey data and the location of the Avino and San Gonzalo Vein intersections observed in drillholes has been verified by both surface and underground mapping, providing confidence in the location, orientation, and true width of both veins.

The legacy data from the Avino Vein is understandably deficient in recorded lithology data. Modelling of the Avino Vein and San Gonzalo Vein Systems made use of grade as well as lithology data. Consequently, ARANZ Geo regards the lithology database adequate and fit for purposes of resource estimation. The recent mining history provides comfort that the potentially economic units persistently demonstrate continuity as new exposures become available.


Avino Silver & Gold Mines Ltd.	12-18	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

Based on a review of specific gravity data from drillholes in the Avino and San Gonzalo veins, ARANZ Geo concludes that future bulk density measurements should be completed using a water displacement method. A comparison of the two measurement techniques used for these specific gravity samples indicates that the results are acceptable for this study. However, ARANZ Geo considers that the current level of data is inadequate for meaningful spatial estimation and recommends that the frequency at which specific gravity measurements are collected should be increased. To supplement the specific gravity data generated from drillhole samples, ARANZ Geo recommends that large grab samples be obtained from the underground development at approximately 30 m intervals and subjected to the water displacement method of specific gravity determination.

The rate of QA/QC standard reference materials, blanks and duplicates insertions meets recommended industry standards. HARD charts indicate less assay precision than would be expected for pulp duplicates.

ARANZ Geo has found no evidence of systematic laboratory bias, indicating that the assay results are reliable but ARANZ Geo recommends that some experiments be carried out to improve assay precision.

The identified grade pattern is similar in character to other tailings deposits, such as overall homogeneity and a pronounced horizontal continuity.

Verification samples taken by Mr. O’Brien have confirmed the presence of gold and silver mineralization at grades similar to those obtained in the original tailings drilling campaign, with a low silver bias consistent with the superficial position of the samples in the zone most likely to have suffered surface leaching. The verification samples also confirm that the mine lab assays are not materially different from those of external labs.

In ARANZ Geo’s opinion the assay, sample location, vein lithology, and specific gravity data from the Avino and San Gonzalo Veins are reliable to support the purpose of this Technical Report and a current mineral resource on both veins and the oxide tailings.


Avino Silver & Gold Mines Ltd.	12-19	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

There are three separate mineralization sources in the Avino property, including the Avino and San Gonzalo Mines, which are currently in operation, and the potential tailings resource from previous milling operations. The San Gonzalo Mine entered commercial production in October 2012, followed by reopening of the Avino Mine in January 2015. The two mines feed a conventional flotation mill that has three separate circuits and a capacity of 1,500 t/d.

The Avino vein material is currently been processed at the Avino mill using froth flotation to produce a marketable copper concentrate with silver and gold credits. The material has been successfully processed in the past. Bismuth was identified as a deleterious material in the concentrate and there are plans for test work to reduce the bismuth content in the concentrate to improve on the smelter return. No mineral processing or metallurgical test work has been performed in the preparation of this report.

The Avino Vein was mined during the 27 years of open pit and underground production prior to 2001. From 1997 to 2001, the mine and mill production averaged 1,000 t/d and achieved up to 1,300 t/d. The mine and mill operations were then suspended. Following several years of redevelopment, in Q4 2014 Avino completed its Avino Mine and mill expansion. On January 1, 2015, full-scale operations commenced and commercial production was declared effective April 1, 2016 following a 19-month advancement and test period.

The mill feed from the Avino Mine has been processed using froth flotation to produce a copper concentrate with silver and gold credits. In 2017 operation, the average copper, silver and gold recoveries reporting to a copper concentrate of 20.3% copper, 2,560 g/t silver and 16.7 g/t gold were 89%, 85%, and 69% respectively. The total material processed was 460,890 t.

The Company has not based its production decisions on a feasibility study or mineral reserves demonstrating economic and technical viability, and as a result there is increased uncertainty and there are multiple technical and economic risks of failure, which are associated with these production decisions. These risks, among others, include areas that would be analyzed in more detail in a feasibility study, such as applying economic analysis to resources and reserves, more detailed metallurgy, and a number of specialized studies in areas such as mining and recovery methods, market analysis, and environmental and community impacts.


Avino Silver & Gold Mines Ltd.	13-1	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

The San Gonzalo treatment scheme was based on the bulk sample test carried out in 2012. The feed grade of the bulk sample tested was 261 g/t silver and 0.9 g/t gold. Silver and gold recoveries were 76% and 59% respectively and 232 dry tonnes of flotation concentrate were produced from 10,000 t of feed. Conventional froth flotation was used to produce the flotation concentrate with the silver and gold values. Since then, a gravity circuit had been installed to improve the silver and gold recoveries. In 2017, a total of 81,045 t of mill feed with average grades of 269 g/t silver and 1.32 g/t gold has been processed. The silver and gold recoveries to the silver and gold concentrate were 84% and 78%, respectively.

Tetra Tech (2017) previously disclosed mineral processing and metallurgical testing methods and results for the oxide tailings portion of the Property in the technical report entitled “Technical Report on the Avino Property”, dated April 11, 2017.

Tetra Tech (2017) previously disclosed mineral processing and metallurgical testing methods and results for the sulphide tailings portion of the Property in the technical report entitled “Technical Report on the Avino Property”, dated April 11, 2017.


Avino Silver & Gold Mines Ltd.	13-2	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

The following tables provide a synopsis of the reported Mineral Resources reported in this section. Table 14.1 summarizes the base case values for all current Mineral Resources on the Property.

The reporting cut-off for the Avino Vein is 60 g/t AgEQ and the cut-off for the San Gonzalo Vein is 130 g/t AgEQ. These cut-offs were determined by Avino based on actual mining scenarios and a silver price of $18.50/oz.

No Mineral Resource for the sulphide tailings is disclosed in this Technical Report.

Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.


Avino Silver & Gold Mines Ltd.	14-1	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico

Resource Category	Deposit	Cut-off AgEQ (g/t)	Tonnes (t)	Grade					Metal Contents
Resource Category	Deposit	Cut-off AgEQ (g/t)	Tonnes (t)		AgEQ (g/t)	Ag (g/t)	Au (g/t)	Cu (%)	AgEQ(million tr oz)*	Ag (million tr oz)	Au (thousand tr oz)	Cu (t)
Measured and Indicated Mineral Resources
Measured	Avino – ET	60	3,890,000		141	71	0.54	0.55	17.6	8.9	67.4	21,000
Measured	Avino – San Luis	60	650,000		142	67	0.70	0.49	3.0	1.4	14.6	3,000
Measured	San Gonzalo System	130	290,000		397	314	1.65	0.00	3.7	2.9	15.4	0
Total Measured	All Deposits	-	4,830,000		156	85	0.63	0.51	24.3	13.2	97.4	24,000
Indicated	Avino – ET	60	2,640,000		105	49	0.56	0.34	8.9	4.2	47.6	9,000
Indicated	Avino – San Luis	60	1,620,000		126	54	0.82	0.36	6.6	2.8	42.9	6,000
Indicated	San Gonzalo System	130	240,000		319	257	1.25	0.00	2.5	2.0	9.6	0
Indicated	Oxide Tailings	50	1,330,000		124	98	0.46	0.00	5.3	4.2	19.8	0
Total Indicated	All Deposits	-	5,830,000		124	70	0.64	0.25	23.3	13.1	119.8	15,000
Total Measured and Indicated	All Deposits	-	10,660,000		139	77	0.63	0.37	47.5	26.3	217.2	39,000
Inferred Mineral Resources
Inferred	Avino – ET	60	2,380,000		111	58	0.51	0.33	8.5	4,4	39.1	8,000
Inferred	Avino – San Luis	60	1,780,000		124	57	0.72	0.38	7.1	3.2	41.2	7,000
Inferred	San Gonzalo System	130	120,000		262	219	0.86	0.00	1.0	0.8	3.3	0
Inferred	Oxide Tailings	50	1,810,000		113	88	0.44	0.00	6.6	5.1	25.6	0
Total Inferred	All Deposits	-	6,090,000		118	70	0.56	0.24	23.2	13.6	109.2	15,000


Avino Silver & Gold Mines Ltd.	14-2	704-ENG-VMIN03003-01
Resource Estimate Update for the Avino Property, Durango, Mexico