Avino Makes Further Progress at San Gonzalo and Guadalupe
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/18/11 -- Avino Silver & Gold Mines Ltd. (TSX VENTURE: ASM)(OTCBB: ASGMF)(FRANKFURT: GV6)(BERLIN: GV6) provides the following update on progress at the San Gonzalo and Guadalupe deposits at the Avino property, located 82 Km North East of Durango, Mexico.
Avino's regional drilling program is continuing and so far this year 44 holes have been drilled for a total of approximately 5000 meters. The holes have explored several different targets: San Gonzalo (11 holes), Guadalupe (13 holes), San Juventino (3 holes), San Lucero (5 holes), Mercedes (1 hole), San Jorge (3 holes), Yolanda (2 holes). The drill is currently on the fourth hole at La Postosina.
As proposed in the May 3rd 2011 news release, Avino has drilled a further 8 holes (GPE 11-03 through GPE-11-12) at Guadalupe as a follow up to significant intersections in holes GPE 11-01 and GPE 11-02. Location of the holes can be seen in plan and section view on Avino's website.
Assay results as follows:
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Hole GPE 11-03
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Gold Silver Copper Lead Zinc
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From To Length Description (g/t) ppm
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47.20 47.40 0.20 Guadalupe 0.498 547.7 1261 2534 2622
----------------------- Vein ---------------------------------------
47.40 48.60 1.20 Mineralized 0.033 12.8 1621 514 1706
----------------------- zone of ---------------------------------------
48.60 49.80 1.20 veinlets & 0.022 14 840 1472 1192
----------------------- breccia ---------------------------------------
49.80 50.65 0.85 0.635 467.7 2578 4402 2036
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Average 47.20 - 50.65m (3.45 m down hole length) 0.20 g/t gold, 156.3 g/t silver.
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Hole GPE 11-05
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Gold Silver Copper Lead Zinc
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From To Length Description (g/t) ppm
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20.75 21.95 1.20 Guadalupe 0.034 44.9 932 1936 508
----------------------- veinlets & ---------------------------------------
21.95 22.55 0.60 breccia 8.574 398.9 4247 18300 312
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Average: 20.75 - 22.55 m (1.80 m down hole length) 2.88 g/t gold, 163 g/t silver
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Hole GPE 11-06
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Gold Silver Copper Lead Zinc
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From To Length Description (g/t) ppm
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62.40 63.30 0.90 Guadalupe 0.84 32.4 2626 3780 768
----------------------- zone with ---------------------------------------
63.30 64.00 0.70 Breccia, 3.727 82.7 6822 3490 472
----------------------- pyrite, ---------------------------------------
64.00 64.70 0.70 chalcopyrite 0.04 17.9 2412 2740 648
----------------------- ---------------------------------------
64.70 65.55 0.85 0.082 10.7 1121 2336 578
----------------------- ---------------------------------------
65.55 66.75 1.20 0.984 14.7 1711 4396 1360
----------------------- ---------------------------------------
66.75 67.30 0.55 0.219 91.1 10100 1332 742
----------------------- ---------------------------------------
67.30 67.65 0.35 9.323 36.6 2582 2156 1238
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Average 62.40 - 67.65 (5.25 m down hole length) 1.53 g/t gold, 36 g/t silver, 3844 ppm copper, 3145 ppm lead and 846 ppm zinc.
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Hole GPE 11-07
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Gold Silver Copper Lead Zinc
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From To Length Description (g/t) ppm
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72.10 72.45 0.35 Guadalupe 0.178 11.4 962 4404 2688
----------------------- vein with ---------------------------------------
72.45 73.40 0.95 breccia and 3.693 82.4 2468 1866 1042
----------------------- massive ---------------------------------------
73.40 73.65 0.25 pyrite 1.201 59.5 5312 2038 1080
----------------------- ---------------------------------------
73.65 74.25 0.60 0.591 26 1374 1244 690
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Average 72.10 - 74.25 (2.15m down hole length) 1.695 g/t gold, 52 g/t silver, 2284 ppm copper, 2125 ppm lead and 1216 ppm zinc
Holes GPE-11-04, 08 and 10 produced no significant assays.
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Hole GPE 11-09
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Gold Silver Copper Lead Zinc
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From To Length Description (g/t) ppm
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Guadalupe
66.15 66.70 0.55 breccia and 0.136 157.9 1653 37000 67600
----------------------- massive ---------------------------------------
66.70 67.15 0.45 pyrite 0.069 337.9 1614 118300 20500
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Average 66.15-67.15 (1.0m down hole length), 0.10 g/t gold, 248 g/t silver.
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Hole GPE 11-10
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Gold Silver Copper Lead Zinc
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From To Length Description (g/t) ppm
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Guadalupe
vein with
breccia and
massive
109.10 109.70 0.60 pyrite 1.371 240.2 13100 1680 4065
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Hole GPE 11-12
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Gold Silver Copper Lead Zinc
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From To Length Description (g/t) ppm
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Guadalupe
vein with
breccia and
massive
15.20 15.40 0.20 pyrite 0.176 224.8 6583 908 1186
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At San Gonzalo mining of stopes 2-080 and 2-200 on level 2 (2260m elevation) has continued to produce vein material with grades comparable to those predicted from the 2007 drilling as described in the NI 43-101 compliant 'Resource Estimate on the San Gonzalo vein' (see Avino news release July 25, 2008)
Examples of recent sampling results in the back (roof) of the shrinkage stopes are:
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Stope 2-080
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Gold Silver Lead Zinc Copper
Width (g/t) (g/t) (ppm) (ppm) (ppm)
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Lines 2 - 4 1.35 0.754 383 1331 3289 609
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Lines 5-10 1.63 0.968 244 2197 1782 313
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II Line 1-5 2.20 1.026 293 1415 1780 267
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Lines L1-5D 2.61 1.116 243 1227 1842 203
Lines L1-3E
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Stope 200
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Gold Silver Lead Zinc Copper
Width (g/t) (g/t) (ppm) (ppm) (ppm)
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Lines 1-5 2.64 0.856 286 4761 2887 354
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Lines 1-6F 1.82 1.587 337 4588 1298 263
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Locations of the sample sites and assay values can be seen on Avino's website (http://www.avino.com/i/pdf/AvinoNRMapJul18.pdf).
Holes are drilled using Avino's own Long year 44 core rig at thin wall NQ diameter. Core is sawed at Avino's core storage facility at the secure mine site. Samples of vein material, usually from a few centimeters to 1.5m, are placed in plastic bags. The sealed sample bags are delivered by Avino personnel to Inspectorate Labs in Durango, Mexico.
Gold analyses are by 30-gram fire assay with an atomic absorption finish. Silver, zinc and lead are analyzed as part of a multi-element inductivity couples argon plasma ('ICP) package using a four-acid digestion with over-limit results being reanalyzed with assay procedures using ICP-AES. The company employs a rigorous quality control program that includes standardized material, blanks and core duplicates.
The project is under the supervision of Chris Sampson, P.Eng, BSc, ARSM Avino Consultant, who is a qualified person within the context of National Instrument 43-101 and has prepared and approved the technical data in this news release.
ON BEHALF OF THE BOARD
David Wolfin, President
This release contains statements that are forward-looking statements and are subject to various risks and uncertainties concerning the specific factors disclosed under the heading 'Risk Factors' and elsewhere in the Company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Avino Silver & Gold Mines Ltd.
David Wolfin
President
604.682.3701
604.682.3600 (FAX)
ir@avino.com
www.avino.com