Avino Announces Results from Hanging-Wall Breccia Sampling Campaign
ASM: TSX/NYSE American
Avino Silver & Gold Mines Ltd. T (604) 682 3701
Suite 900-570 Granville Street F (604) 682 3600
Vancouver, BC V6C 3P1 www.avino.com
July 23, 2019
AVINO ANNOUNCES RESULTS FROM HANGING-WALL BRECCIA SAMPLING CAMPAIGN
Avino Silver & Gold Mines Ltd. (ASM: TSX/NYSE American/GV6: FSE; "Avino" or "the Company") is pleased to announce
the results from a sampling campaign comprising 52 recent and historic holes that were previously drilled in the hanging-
wall of the Avino vein stockwork system located on the Avino property. The relogging and sampling by the mine geology
team of intervals previously regarded as not of economic interest has revealed extensive Hanging -wall Breccia (“HWB”)
material with significant and consistent metal grades and wide vein widths. These results include significant intercepts
such as:
• ET-17-01 from 46.90 m to 47.65 m grading 2.18 g/t gold, 606 g/t silver and 0.35 % copper over a sampled length
of 0.75 m;
• ET-16-06 from 30.20 m to 31.70m grading 0.96 g/t gold, 312 g/t silver and 0.38 % copper over a sampled length
of 1.50 m;
• ET-17-13 from 23.40 m to 24.15 m grading 0.54 g/t gold, 290 g/t silver and 0.44% copper over a sampled length
of 0.75 m.
These sampling results are encouraging as the material has the potential to add mineable tonnage to our portfolio at an
opportune time. With the San Gonzalo mine nearing the end of its current economic life, the Company has been looking
at all options to increase overall head grade, and the preliminary results of this campaign provide a major milestone to
achieving that goal.
“The drill results from this sampling campaign are encouraging and indicate that our team in Mexico has once again
successfully met the challenge to find higher grades and thick veins, both as replacement for the closure of San Gonzalo
and potentially improve margins before the end of this year”, said David Wolfin, President and CEO.
The additional sampling of the 52 drill holes are summarized as follows:
Table 1: Summary of Recent Sampling in the Hanging-wall of the Avino Vein
Hole ID Vein From To Length
(m) Au (g/t) Ag
(g/t) Cu (%)
BDVD 1 Hanging-wall Breccia 61.95 65.00 3.05 1.31 24 0.02
DDH 1-2200 Hanging-wall Breccia 132.40 136.70 4.30 1.47 71 0.49
DDH 2-2200 Hanging-wall Breccia 99.80 102.00 2.20 5.00 120 0.13
DDH 8-2200 Hanging-wall Breccia 100.00 116.00 16.00 2.06 67 0.69
DDH 8-2200 Including 100.00 105.00 5.00 0.85 103 1.40
DDH 8-2200 Including 110.00 116.00 6.00 2.68 46 0.46
ET-06-01 Hanging-wall Breccia 243.05 247.00 3.95 0.24 34 0.24
N E W S R E L E A S E
Avino Silver & Gold Mines Ltd. – July 23, 2019
Avino Announces Results from Hangingwall Breccia Sampling Campaign
ET-06-02 Hanging-wall Breccia 212.35 215.30 2.95 1.50 31 0.47
ET-06-02 Including 213.30 213.90 0.60 1.31 26 0.94
ET-06-02 Including 213.90 214.55 0.65 0.67 35 0.92
ET-06-03 Hanging-wall Breccia 150.90 157.75 6.85 0.34 19 0.25
ET-06-03 Including 150.90 152.00 1.10 0.59 42 0.69
ET-06-04 Including 80.15 81.35 1.20 0.59 7 0.12
ET-07-01 Hanging-wall Breccia 185.00 187.20 2.20 0.15 35 0.08
ET-07-02 Hanging-wall Breccia 172.70 174.20 1.50 0.97 47 0.13
ET-07-03 Hanging-wall Breccia 116.25 118.15 1.90 0.24 116 0.36
ET-07-04 ArgAlt 73.80 75.05 1.25 3.27 10 0.11
ET-07-04 Hanging-wall Breccia 79.10 81.10 2.00 15.60 146 0.28
ET-07-05 Hanging-wall Breccia 87.50 94.45 6.95 0.02 5 0.05
ET-07-06 Hanging-wall Breccia 51.20 56.35 5.15 0.43 31 0.09
ET-07-07 Hanging-wall Breccia 2.00 16.10 14.10 0.12 10 0.07
ET-07-08 Hanging-wall Breccia 0.00 6.80 6.80 0.34 69 0.06
ET-08-02 Hanging-wall Breccia 72.20 74.40 2.20 0.96 102 0.07
ET-08-03 Hanging-wall Breccia 80.40 84.50 4.10 3.82 103 0.23
ET-08-04 Hanging-wall Breccia 4.30 5.60 1.30 0.19 10 0.02
ET-12-01 Hanging-wall Breccia 99.40 101.85 2.45 0.11 29 0.19
ET-12-02 Hanging-wall Breccia 79.85 81.70 1.85 0.06 9 0.12
ET-12-03 Hanging-wall Breccia 78.30 81.45 3.15 0.08 3 0.06
ET-12-04 Hanging-wall Breccia 57.25 60.90 3.65 0.49 52 0.29
ET-12-05 Hanging-wall Breccia 49.10 52.30 3.20 0.72 26 0.04
ET-12-06 Hanging-wall Breccia 37.70 43.15 5.45 1.26 133 0.07
ET-12-09 Hanging-wall Breccia 14.90 16.00 1.10 0.18 19 0.11
ET-16-01 Hanging-wall Breccia 4.05 7.70 3.65 1.03 102 0.16
ET-16-02 Hanging-wall Breccia 5.05 9.88 4.83 1.27 105 0.16
ET-16-03 Breccia 32.25 32.38 0.13 1.03 11 0.04
ET-16-03 Flt 55.84 62.45 6.61 0.12 77 0.12
ET-16-03 Hanging-wall Breccia 18.07 22.25 4.18 0.50 52 0.12
ET-16-04 Hanging-wall Breccia 38.20 43.05 4.85 0.38 37 0.13
ET-16-05 Hanging-wall Breccia 71.70 76.75 5.05 1.49 50 0.10
ET-16-06 Hanging-wall Breccia 28.80 38.30 9.50 1.82 119 0.50
ET-16-06 Including 28.80 29.20 0.40 0.75 114 3.50
ET-16-06 Including 30.20 31.70 1.50 0.96 312 0.38
ET-16-06 Including 31.70 32.60 0.90 0.71 72 2.18
ET-16-07 Hanging-wall Breccia 33.70 39.65 5.95 2.29 232 0.30
ET-16-07 Including 34.90 35.85 0.95 0.68 163 0.58
ET-16-08 Hanging-wall Breccia 30.25 40.80 10.55 0.48 31 0.17
ET-16-08 Narrow Vein 42.45 42.65 0.20 1.96 97 0.10
ET-16-09 Hanging-wall Breccia 62.45 67.35 4.90 5.36 26 0.07
Avino Silver & Gold Mines Ltd. – July 23, 2019
Avino Announces Results from Hangingwall Breccia Sampling Campaign
ET-16-10 Hanging-wall Breccia 155.70 159.40 3.70 1.43 10 0.05
ET-16-11 Hanging-wall Breccia 152.47 160.90 8.43 2.16 21 0.15
ET-16-11 Including 159.20 160.30 1.10 4.04 43 0.31
ET-16-12 Hanging-wall Breccia 183.40 185.70 2.30 0.15 9 0.07
ET-16-12 Including 183.40 183.55 0.15 1.60 57 0.60
ET-17-01 Hanging-wall Vein 40.35 41.50 1.15 1.06 190 1.03
ET-17-01 Including 40.35 41.00 0.65 0.57 143 0.75
ET-17-01 Including 41.00 41.30 0.30 2.25 250 0.90
ET-17-01 Including 41.30 41.50 0.20 0.86 254 2.12
ET-17-01 Hanging-wall Breccia 66.00 68.65 2.65 1.13 76 0.20
ET-17-01 Narrow Vein 15.40 16.00 0.60 1.88 51 0.03
ET-17-01 Vuggy Quartz 45.60 48.95 3.35 0.64 215 0.39
ET-17-01 Including 46.90 47.65 0.75 2.18 606 0.35
ET-17-06 Hanging-wall Breccia 23.40 31.10 7.70 0.86 149 0.25
ET-17-07 Hanging-wall Breccia 24.75 30.05 5.30 0.92 177 0.14
ET-17-08 Hanging-wall Breccia 43.40 48.70 5.30 0.35 113 0.10
ET-17-09 Andesite & Narrow Vn 46.65 50.30 3.65 0.08 57 0.63
ET-17-09 Hanging-wall Breccia 42.85 46.35 3.50 0.68 56 0.04
ET-17-12 Hanging-wall Breccia 27.40 32.95 5.55 0.46 39 0.29
ET-17-13 Hanging-wall Breccia 22.50 28.50 6.00 1.76 120 0.41
ET-17-13 Including 22.50 23.40 0.90 0.72 116 1.25
ET-17-13 Including 23.40 24.15 0.75 0.54 290 0.44
ET-17-13 Including 24.15 24.90 0.75 1.82 28 0.42
ET-17-16 Hanging-wall Breccia 160.10 165.20 5.10 0.41 52 0.12
ET-17-17 Hanging-wall Breccia 156.35 158.50 2.15 0.17 19 0.05
ET-17-18 Hanging-wall Breccia 172.40 175.10 2.70 0.72 24 0.11
ET-17-18 Including 172.40 172.95 0.55 0.74 68 0.39
ET-17-19 Hanging-wall Breccia 163.70 167.20 3.50 0.35 14 0.09
ET-17-19 Narrow Vein 69.80 70.00 0.20 1.16 45 0.13
ET-17-19 Narrow Vein 85.55 85.80 0.25 0.20 110 4.01
ET-17-19 Narrow Vein 140.65 141.30 0.65 5.64 26 0.09
ET-17-20 Hanging-wall Breccia 67.20 70.05 2.85 0.90 14 0.04
ET-17-21 Hanging-wall Breccia 68.40 76.80 8.40 0.83 27 0.19
ET-17-22 Hanging-wall Breccia 177.15 180.30 3.15 1.71 10 0.06
True Widths cannot be determined with the information available
The significance of these results is best explained graphically in Figures 1 (an inclined oblique view) and 2 (a vertical
projection).
Avino Silver & Gold Mines Ltd. – July 23, 2019
Avino Announces Results from Hangingwall Breccia Sampling Campaign
Figure 1 Inclined Oblique View in the Plane of the HW Breccia
In Figure 1, The previous interpreted extent of the HWB is shown in blue while the sampled HWB intervals
referred to in Table 1 are shown in red. The HWB trends eastwards and diverges away from the main Avino vein
system (mine workings shown in grey).
Avino Silver & Gold Mines Ltd. – July 23, 2019
Avino Announces Results from Hangingwall Breccia Sampling Campaign
Figure 2 Long Section Projected Looking 337⁰
In Figure 2, the previously limited extent of the HWB is being interpreted to extended towards the east and to depth (340
m from surface). Sampling coverage within the previous interpreted extent of the HWB may increase confidence in a
future resource estimate. The HWB material has not yet been exploited and is close to the existing development levels 6
and 9 where services such as compressed air, water and electricity can be accessed swiftly if mineability is confirmed. At
the time of the drilling, the main Avino vein structure was the target and the potential of the HWB was unknown, therefore
the spacing in the vein intercepts which were recently sampled was is 30 to 70 metres apart.
About the Avino Vein System
The Avino vein is 1.6 k ilometers long and 60 metres wide on the surface and has been followed longitudinally for more
than 1,300 metres and vertically for more than 600 m etres. 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 and breccia zones
are frequently found in the upper part of the vein, as well as at its intersections with several lateral veins. The HWB and
associated units which are the subject of this d iscussion, intersect the Avino vein in the southwest of the ET Mine but
strike west east and progressively diverge from the Avino vein. At the easternmost explored extent ( Hole ET-12-09), the
HWB is 240 m in the Hanging-wall of the Avino vein.
The hanging wall of the Avino Vein is andesite, while the footwall is a monzonite intrusive with andesite sections.
Avino Property Exploration Potential
The Company is optimistic regarding the unexplored potential across the Avino Property which hosts dozens of historic
shallow artisanal mines. Regionally, the Avino concession is situated within a 12 k ilometre north-south by 8.5 kilometre
caldera, which hosts numerous l ow sulphidation epithermal veins, breccias, stockwork and silicified zones. These zones
grade into a “near porphyry” environment, particularly in the Avino Mine area.
Avino Silver & Gold Mines Ltd. – July 23, 2019
Avino Announces Results from Hangingwall Breccia Sampling Campaign
Sampling and Assay Methods
Following detailed geological and geotechnical logging, drill core samples are sawed in half. One half of the core is
submitted to SGS Laboratory facility in Durango, Mexico, and the other half is retained on -site for verification and
reference. Gold is assayed by fire assay with an AA fin ish. Any samples exceeding 3.0 grams/tonne gold are re -assayed
and followed by a gravimetric finish. Multi-element analyses are also completed for each sample by SGS ICP14B methods.
Any copper values exceeding 10,000 ppm (1%) are -assayed using ICP 90Q. Silver is fire assayed with a gravimetric finish
for samples assaying over 100 grams/tonne.
Avino uses a series of standard reference materials (SRMs), blank reference materials (blanks), and duplicates as part of
their QA/QC program during analysis of assays.
Qualified Person(s)
Information in this press release has been reviewed and approved by Michael O’Brien, P.Geo., Director and Principal
Consultant, Red Pennant Geoscience, who is an “independent qualified person”, as defined by Section 1.5 of National
Instrument 43-101.
About Avino
Avino is a silver and gold producer with a diversified pipeline of gold, silver and base metals properties in Mexico and
Canada employing approximately 350 people. Avino produces from its wholly owned Avino Mine near Durango, Mexico,
and is currently evaluating the potential economics of possible future production at the Bralorne Gold Mine in British
Columbia, Canada. The Company’s gold and silver production remains unhedged. The Company’s mission and strategy is
to create shareholder value through its focus on profitable organic growth at the historic Avino Property near Durango,
Mexico, and the strategic acquisition of mineral exploration and mining properties. We are committed to managing all
business activities in an enviro nmentally responsible and cost -effective manner, while contributing to the well -being of
the communities in which we operate.
ON BEHALF OF THE BOARD
“David Wolfin”
________________________________
David Wolfin
President & CEO
Avino Silver & Gold Mines Ltd.
Safe Harbor Statement - This news release contains “forward -looking information” and “forward -looking statements” (together, the “forward looking statements”)
within the meaning of applicable Canadian securities laws and the United States Private Securities Litigation Reform Act of 1995, including, but are not limited to, the
Company’s ability to meet its production guidance, expectations of All -In Sustaining Cash Cost (“AISC”), information on the updated mineral resource estimate for the
Company’s Avino Property located near Durango in west -central Mexico (the “Property”) with an effective date of February 21, 2018, and amended on December 19,
2018, prepared for the Company, and reference to Measured, Indicated, Inferred Resources referred to in this press release. These forward-looking statements are made
as of the date of this news release and the dates of technical reports, as applicable. Readers are cautioned not to place undue reliance on forward-looking statements,
as there can be no assurance that the future circumstances, outcomes or results anticipated in or implied by such forward -looking statements will occur or that plans,
intentions or expectations upon which the forward-looking statements are based will occur. While we have based these forward-looking statements on our expectations
about future events as at the date that such statements were prepared, the statements are not a guarantee that such future events will occur and are subject to risks,
uncertainties, assumptions and oth er factors which could cause events or outcomes to differ materially from those expressed or implied by such forward -looking
statements. No assurance can be given that the Company’s Property does not have the amount of the mineral resources indicated in the updated report or that such
mineral resources may be economically extracted.
Such factors and assumptions include, among others, the effects of general economic conditions, the price of gold, silv er and copper, changing foreign exchange rates
and actions by government authorities, uncertainties associated with legal proceedings and negotiations and misjudgments in the course of preparing forward-looking
information. In addition, there are known and unknown risk factors which could cause our actual results, performance or achievements to differ materially from any
future results, performance or achievements expressed or implied by the forward -looking statements. Known risk factors include risks assoc iated with project
development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in metal prices; title matters; uncertainties
and risks related to carrying on business in foreign countries; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest
among certain of our officers, directors or promoters with certain other projects; the absence of dividends; currency fluctuations; competition; dilution; the volatility of
the our common share price and volume; tax consequences to U.S. investors; and other risks and uncertainties. Although we have attempted to identify important factors
that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be
Avino Silver & Gold Mines Ltd. – July 23, 2019
Avino Announces Results from Hangingwall Breccia Sampling Campaign
Page 7
other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove
to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance
on forward-looking statements. We are under no obligation to update or alter any forward-looking statements except as required under applicable securities laws.
Cautionary Note Regarding Non-GAAP Measures
This news release includes certain terms or performance measures commonly used in the mining industry that are not defined un der International Financial Reporting
Standards (“IFRS”), including silver equivalent ounces (AgEq oz) of production. Non-GAAP measures do not have any standardized meaning prescribed under IFRS and,
therefore, they may not be comparable to similar measures reported by other companies. We believe that, in addition to conventional measures prepared in accordance
with IFRS, certain investors use this information to evaluate our performance. The data presented is intended to provide addi tional information and should not be
considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Readers should also refer to our management’s discussion and
analysis available under our corporate profile at www.sedar.com or on our website at www.avino.com.