Avino Announces Further Results from Its Current Exploration Drill Programs (Between the San Luis Workings and Elena Tolosa Workings, and to the WEST of San Luis) at the Avino MINE
NYSE-MKT: ASM
TSX-V: ASM
FSE: GV6
April 25, 2017
AVINO ANNOUNCES FURTHER RESULTS FROM ITS CURRENT EXPLORATION DRILL
PROGRAMS (BETWEEN THE SAN LUIS WORKINGS AND ELENA TOLOSA
WORKINGS, AND TO THE WEST OF SAN LUIS) AT THE AVINO MINE
Avino Silver & Gold Mines Ltd. (NYSE-MKT:ASM: TSX.V, ASM; “Avino” or the “Company”) is pleased to
announce the following results from a further ten holes of its originally planned 18 -hole drill program
(3,000 metres) at the main Avino Mine located on the Avino property, 8 0 Km northeast of Durango,
Mexico. The results from the first eight holes of the drill program were released on
December 21, 2016 and are available on our website at the following link:
http://www.avino.com/s/news.asp?ReportID=774072.
The objective of the foregoing drill program which commenced in September, 2016 was to explore the
area of the Avino Vein System between the San Luis workings and the Elena Tolosa (“ET”) current
production area . This new area is close to surface and accessible from the existing Avino Mine
underground workings. The area was identified as a target of interest and may have been overlooked in
the past given that on surface and at shallow depths, the Avino Vein syste m splits into hanging wall and
foot wall structures.
The 18-hole drill program was completed w ith Hole ET -17-11 in mid March, and i n order to fully
evaluate the tonnage and the grade of the new zone, Avino decided to extend the program with an
expected additional 20 drill holes. The drill is currently completing Hole ET -17-17 (the sixth hole of the
extended 20-hole program).
In addition to the foregoing drilling there were five holes (17-01 to 17 -05) drilled west of the San Luis
workings the results of which are attached in a separate table.
The Avino Vein (Epithermal) has been followed longitudinally for more than 1,300 metres and vertically
for more than 600 metres. 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 (See
Avino stockwork photos linked here) are frequently found throughout the vein, as well as at its
intersections with a number of lateral veins. The new zone is approxima tely 240 metres of strike length
by 130 metres in depth , and an average of 15 metres in thickness. The Avino vein remains open at
depth.
There are two longitudinal section maps linked to this release , 1) showing the full longitudinal section,
(to view click here) and 2) a close up of the area of drilling between the San Luis and the Elena Tolosa
workings, (to view click here) which will also be available on our website at www.avino.com. The central
area workings area is referred to as Elena Tolosa.
“We are very encouraged with the overall results of the initial exploration drill program between the San
Luis workings and Elena Tolosa, and due to the success of the program, we are pleased to have
extended it. T he results support the continuation of the extensive Avino Vein system , and continue to
demonstrate that this is a new gold rich area that has been untouched in the past.”
David Wolfin – President & CEO Avino Silver & Gold Mines Ltd.
AVINO SILVER &
GOLD MINES LTD.
T 604.682.3701 Suite 900, 570 Granville Street [email protected]
F 604.682.3600 Vancouver, BC V6C 3P1 www.avino.com
Avino Silver & Gold Mines Ltd. - News Release – April 25, 2017
Avino Announces Further Results from its Current Exploration Drill Programs (Between the San Luis Workings and
Elena Tolosa Workings, and to the West of San Luis) at the Avino Mine
Page 2
Drill intersections are spaced 25 metres apart in order to add greater certainty to the new mineralized
block. This tonnage is included in the inferred category of mineral resources in the most recent resource
estimate dated September 26, 2016. Two access levels between San Luis and ET have been channel
sampled thus providing more certainty. An evaluation of the zone is being carried out by company
engineers and ge ologists, with the expectation of converting a portion of the inferred resources to the
indicated resource category.
The results of the remaining ten holes are as follows:
Hole Number Zone
Intersection
(m)
Length
(m) Au (g/t)
Ag
(g/t) Cu (%)
ET-16-09 Infill Hanging Wall Breccia Zone 55.55 – 57.1 1.55 2.16 110 0.09
Including 56.25 – 57.1 0.85 3.71 140 0.06
Hanging Wall Breccia Footwall
Zone 62.45 – 67.35 4.90 5.36 26 0.07
Including 62.45 – 63.75 1.30 1.95 10 0.02
64.85 -66.17 1.32 7.04 50 0.14
66.17 – 67.35 1.18 11.95 28 0.10
Avino Vein Hanging Wall Zone 165.45- 169.0 3.55 0.50 75 0.18
Avino Vein Intermediate Zone 174.08 – 182.85 8.77 1.17 45 0.21
Including 175.5 – 176.5 1.0 2.99 153 0.21
176.5 – 176.9 0.40 1.58 104 0.69
Avino Vein Footwall Zone) 195.3 – 214.5 19.20 0.39 51 0.38
Including 202.4 – 214.3 11.90 0.45 57 0.54
ET-16-10 Infill Veins on Hanging Wall 155.70 – 161.45 5.75 1.03 13 0.05
Including 155.7 – 157.25 1.55 2.36 12 0.03
157.25 – 157.8 0.55 1.18 15 0.04
Avino Vein Hanging Wall Zone 178.9 – 193.25 14.35 0.34 6 0.01
Avino Vein Footwall Zone 197.9 – 216.05 18.05 0.60 8 0.06
Including 197.9 – 198.3 0.40 3.07 25 0.01
214.1 – 215.2 1.10 4.57 6 0.03
ET-16-11 Infill Avino Vein HW Breccia Zone 152.47 – 160.90 8.43 2.16 21 0.2
Including 158.15 – 159.2 1.05 5.90 30 0.17
159.2 – 160.3 1.10 4.04 43 0.30
Avino Vein Footwall Zone 206.9 – 231.4 24.50 0.36 29 0.40
Including 206.9 – 209.45 2.55 2.80 110 0.62
ET-16-12 Infill Hanging Wall Vein 63.05 – 64.35 1.30 0.28 29 0.06
127.65 – 127.8 0.15 5.339 10 0.06
183.4 – 183.55 0.15 1.598 57 0.06
FW Avino Vein 230.75 – 242.45 11.70 0.36 131 0.41
Including 237.35 – 237.95 0.60 4.069 1216 3.16
Avino Silver & Gold Mines Ltd. - News Release – April 25, 2017
Avino Announces Further Results from its Current Exploration Drill Programs (Between the San Luis Workings and
Elena Tolosa Workings, and to the West of San Luis) at the Avino Mine
Page 3
Hole Number Zone
Intersection
(m)
Length
(m) Au (g/t)
Ag
(g/t) Cu (%)
ET-17-06 Infill Hanging wall Breccia 23.4 – 31.10 7.70 0.86 149 0.25
Andesite with veinlets 53.30 – 54.4 1.10 0.06 147 1.49
Avino Vein 81.85 – 120.65 38.80 1.07 29 0.1
Avino Vein Hanging Wall Zone 81.85 – 84.95 3.10 0.40 136 0.40
Avino Vein Intermediate 90.0 – 97.20 7.20 0.91 28 0.15
Avino Vein Intermediate 101.7 – 107.8 11.15 0.47 10 0.03
Including 97.20 – 98.35 1.15 3.35 42 0.04
98.35 – 99.70 1.35 3.39 29 0.01
99.70 – 100.55 0.85 3.91 20 0.06
100.55 – 101.70 1.15 4.12 49 -
Avino Vein Footwall Zone 112.20 – 120.65 8.45 0.88 15 0.08
ET-17-07 Infill Hanging wall Breccia 24.75 – 30.05 5.30 0.92 177 0.14
Including 27.55 – 28.35 0.8 2.10 487 0.16
Andesite with veinlets 31.35 – 37.30 5.95 0.05 156 0.23
Avino Vein 72.0 – 98.50 26.50 1.26 21 0.09
Including 77.40 – 78.60 1.20 4.09 18 0.26
84.30 – 85.05 0.75 6.04 4 0.004
96.30 – 97.25 0.95 2.49 85 0.03
97.25 -98.50 1.25 2.52 52 0.09
ET-17-08 Infill Hanging wall Breccia 39.3 – 48.70 9.40 0.42 67 0.09
Avino Vein 85.80 – 101.85 16.05 1.20 39 0.19
Including 95.65 – 96.10 0.45 5.36 3 0.002
98.55 – 99.45 0.90 4.29 11 0.24
100.05 – 100.95 0.85 3.53 2 0.015
ET-17-09 Infill Hanging Wall Breccia 42.85 – 50.30 7.45 0.36 55 0.33
Including 48.8 – 49.05 0.25 0.23 420 4.76
Avino Vein 68.60 – 88.60 20.0 2.32 66 0.08
Including 80.35 – 81.45 1.10 4.62 70 0.045
81.45 – 82.15 0.70 6.85 476 0.11
82.15 – 83.00 0.85 2.91 86 0.11
83.0 – 84.10 1.10 2.74 69 0.02
84.10 – 85.10 1.0 3.68 85 0.44
86.75 – 87.25 0.5 2.59 157 0.003
88.10 – 88.6 0.5 4.89 15 0.004
ET-17-10 Infill Avino Vein 94.55 – 113.20 18.2 0.44 17 0.04
Stockwork Footwall 121.5 – 125.6 3.20 0.46 41 0.05
Avino Silver & Gold Mines Ltd. - News Release – April 25, 2017
Avino Announces Further Results from its Current Exploration Drill Programs (Between the San Luis Workings and
Elena Tolosa Workings, and to the West of San Luis) at the Avino Mine
Page 4
Hole Number Zone
Intersection
(m)
Length
(m) Au (g/t)
Ag
(g/t) Cu (%)
ET-17-11 Infill New vein Hanging Wall 86.4 – 88.45 2.05 0.92 154 0.61
Including 86.4 – 87.10 0.70 0.66 103 0.85
87.10 – 87.45 0.35 1.48 97 0.07
87.45 – 88.05 0.60 1.33 290 0.43
95.5 – 103.5 7.85 0.14 98 0.07
Avino Vein 117.85 – 124.05 6.20 0.46 192 0.34
Including 117.85 – 120.4 3.45 0.76 305 0.51
True widths cannot be determined with the information available.
Holes drilled west of the San Luis workings:
This exploration drilling is in a new gold rich area that has not been explored in the past and is west o f
the San Louis workings. The following five h oles ET 17 -01 to 17 -05 were not part of the infill drill
program, and were drilled in January and February, 2017. These holes are situated west of the San Luis
workings and indicate that the mineralization of t he Avino vein system runs right into the fault. The
copper values are showing higher than the gap area between San Luis and Elena Tolosa.
Hole Number Zone
Intersection
(m)
Length
(m) Au (g/t)
Ag
(g/t) Cu (%)
ET-17-01 Hanging Wall Vein 40.35 – 41.5 1.15 1.06 190 1.03
Hanging Wall Vein 45.60 – 48.95 3.35 0.64 215 0.39
Hanging Wall Avino Vein 63.45 – 71.1 7.65 0.47 39 0. 394
Avino Vein Footwall Zone 86.05 – 90.4 4.35 1.90 125 0.65
Including 86.05 – 86.4 0.35 5.58 276 0.73
88.05 – 88.65 0.60 3.39 126 0.88
88.65 – 89.65 1.00 2.82 173 1.63
ET-17-02 Hanging Wall Vein 49.8 – 61.1 11.30 0.97 54 0.24
Including 58.0 – 59.45 1.45 3.19 68 0.76
Mineralized Zone 67.45 – 79.0 11.55 0.43 7 0.19
Footwall Avino Vein 79.95 – 86.40 6.45 1.85 34 0.24
Including 85.4 – 85.7 0.30 13.99 31 0.31
ET-17-03 Hanging Wall Vein 53.0 – 55.75 2.75 0.38 30 0.24
Hanging Wall Vein 56.55 – 66.65 10.10 0.49 29 0.10
Including 66.20 – 66.65 0.45 2.83 62 1.04
Footwall Avino Vein 69.0 – 72.75 3.75 0.27 20 0.10
ET-17-04 Hanging Wall Vein 59.4 – 66.3 6.90 1.05 38 0.27
Including 63.0 – 63.50 0.5 2.98 41 0.08
Stockwork between Hanging
Wall and Footwall of Avino Vein 69.40 – 79.7 10.30 0.18 7 0.2
Footwall Avino Vein 94.80 – 103.6 8.80 1.24 14 0.14
Including 97.70 – 98.45 0.75 2.82 19 0.08
ET-17-05 Did not cut vein
True widths cannot be determined with the information available.
Avino Silver & Gold Mines Ltd. - News Release – April 25, 2017
Avino Announces Further Results from its Current Exploration Drill Programs (Between the San Luis Workings and
Elena Tolosa Workings, and to the West of San Luis) at the Avino Mine
Page 5
Assay Methods
Following detailed geological and geotechnical logging, drill core samples are sawed in half. One half of
the c ore is submitted to the assay labs and the other half is retained on -site for verification and
reference.
Samples from diamond drill holes of the program were submitted to the SGS Laboratory facility in
Durango, Mexico. The gold is assayed by fire assay with an AA finish. 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 over 10,000 ppm (1%) are re-
assayed usi ng 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)
Avino's projects are under the supervision of Chris Sampson, P.Eng, Avino Consultant , and Jasman Yee
P.Eng, Avino Director, who are both qualified persons within the context of National Instrument 43 -101.
Both have reviewed and approved the technical data in this news release.
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 500 people. Avino produce s from its wholly owned Avino
and San Gonzalo Mines near Durango, Mexico, and is currently planning for future production at the
Bralorne Gold Mine in British Columbia, Canada. The Company’s gold and silver production remains
unhedged. The Company’s missio n 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 b usiness
activities in an environmentally 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 & Chief Executive Officer
Safe Harbor Statement - This news release contains "forward -looking information" and "forward -looking statements" (together, the "forward
looking statements") within the meaning of applicable securities laws and the United States Private Securities Litigation Ref orm Act of 1995,
including our belief as to the use of proceeds from the Offering and the Company’s plans for production for its Avino propert y and Bralorne
Mine property. 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 other factors which could cause events or outcomes to differ materially from those expressed
or implied by such forward-looking statements.
Avino Silver & Gold Mines Ltd. - News Release – April 25, 2017
Avino Announces Further Results from its Current Exploration Drill Programs (Between the San Luis Workings and
Elena Tolosa Workings, and to the West of San Luis) at the Avino Mine
Page 6
Such factors and assumptions include, among others, our ability to use the proceeds from the Offering as expected, the effect s of general
economic conditions, the price of gold, silver 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 act ual 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 associated with
project development; the need for ad ditional 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 of wit h 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 t hat could cause
actual actions, events or results to differ materially from those described in forward -looking statements, there may be 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 to United States Investors - The information contained herein and incorporated by reference herein has been prepared in
accordance with the requirements of Canadian securities laws, which differ from the requirement s of United States securities laws. In
particular, the term "resource" does not equate to the term "reserve". The Securities Exchange Commission's (the "SEC") discl osure standards
normally do not permit the inclusion of information concerning "measured min eral resources", "indicated mineral resources" or "inferred
mineral resources" or other descriptions of the amount of mineralization in mineral deposits that do not constitute "reserves " by SEC
standards, unless such information is required to be disclosed by the law of the Company's jurisdiction of incorporation or of a jurisdiction in
which its securities are traded. U.S. investors should also understand that "inferred mineral resources" have a great amount of uncertainty as to
their existence and great uncertainty as to their economic and legal feasibility. Disclosure of "contained ounces" is permitted disclosure under
Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute "reser ves" by SEC
standards as in place tonnage and grade without reference to unit measures.
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.