ASM.TO · 2017-08-14 12:00:00

Avino Announces Remaining Results from the Extended 22-HOLE Exploration Drill Program at the Avino MINE

Drill Results

NYSE-MKT: ASM

TSX-V: ASM

FSE: GV6

August 14, 2017

AVINO ANNOUNCES REMAINING RESULTS FROM THE EXTENDED 22-HOLE EXPLORATION

DRILL PROGRAM AT THE AVINO MINE

Avino Silver & Gold Mines Ltd. (NYSE-MKT:ASM: TSX.V, ASM; “Avino” or the “Company”) is pleased to

announce the drill results from the remaining eleven holes of the extended 22-hole drill program at the

main Avino Mine located on the Avino property, 80 Km northeast of Durango, Mexico. The 22-hole

program, comprising approximately 3, 374 metres, was extended from the original 18 -hole program to

fully evaluate the tonnage and the grade of the new area of the Avino Vein System between the San Luis

workings and the Elena Tolosa (“ET”) current production area. The results from the original eighteen hole

drill program were released on December 21, 2016 and April 25, 2017 and are available on our website at

the following links:

http://www.avino.com/s/news.asp?ReportID=774072 and http://www.avino.com/s/news.asp?ReportID=787740.

The objective of the extended drill program of an additional 22 holes, which commenced in March, 2017,

was to fully evaluate the tonnage and the grade of the new 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 system splits into hanging wall and foot wall structures.

The Avino Vein (Epithermal) has been followed along strike 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 approximately 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 is a longitudinal section map linked to this release which is a close up of the area of drilling between

the San Luis and the Elena Tolosa workings , (to view click here) and 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 pleased with the success of th is drill program which began in September, 2016. These

remaining results support the continuation of the extensive Avino Vein system, and provide further

confidence that should allow us to go underground to develop this area for mining. We are also

encouraged by the notable assays that d emonstrate that this is a new gold rich area that has been

untouched in the past.

Furthermore, we are excited to have commenced drilling on three additional areas of mineralization at

the Avino property, where there may be potential to expand the resources.”

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 – August 14, 2017

Avino Announces Remaining Results From its Extended 22-Hole Exploration Drill Program at the Avino Mine

Page 2

Drill intersections are spaced 25 to 30 metres apart in order to increase confidence in grade and continuity

for the new mineralized block. This material 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

Elena Tolosa have been channel sampled thus providing more certainty. An evaluation of the zone is being

carried out by company engineers and geologists , with the expectation of converting a portion of the

inferred resources to the indicated resource category.

The results of the remaining eleven holes are as follows:

Hole Number Zone

Intersection

(m)

Length

(m) Au (g/t)

(g/t) Cu (%)

ET-17-12 Infill Hanging Wall Breccia 27.40 – 36.70 9.30 0.39 29 0.25

Including 27.40 – 28.30 0.90 0.926 94 0.14

28.30 – 29.55 1.25 0.748 25 0.15

31.95 – 32.95 1.00 0.407 55 0.11

Avino Vein Footwall Zone 51.60 – 74.25 22.65 1.48 41 0.20

Including 55.20 – 67.55 12.35 2.20 64 0.17

52.55 – 53.20 0.65 1.32 9 0.01

54.0 – 55.20 1.20 1.44 11 0.01

55.20 – 56.20 1.00 2.78 12 0.05

56.20 – 56.95 0.75 2.38 32 0.01

56.95 – 57.65 0.70 4.28 15 0.01

57.65 – 58.60 0.95 5.34 127 0.32

58.60 – 59.20 0.60 6.60 54 0.01

59.20 – 60.00 0.80 3.68 115 0.13

60.00 – 60.30 0.30 1.15 353 0.03

60.30 – 61.30 1.00 2.77 104 0.23

61.30 – 62.10 0.80 1.37 57 0.93

66.00 – 66.75 0.75 1.08 26 0.19

66.75 – 67.55 0.80 1.37 57 0.93

67.80 – 68.80 1.00 1.02 38 1.34

ET-17-13 Infill Hanging Wall Breccia 22.50 – 30.25 7.75 1.44 97 0.43

Including 22.50 – 23.40 0.90 0.72 116 1.25

23.40 – 24.15 0.75 0.54 290 0.44

24.15 – 24.90 0.75 1.82 28 0.42

24.90 – 25.55 0.65 1.52 70 0.11

25.55 – 26.25 0.70 5.48 101 0.05

26.25 – 26.90 0.65 2.02 42 0.03

27.75 – 27.90 0.35 2.34 152 0.09

27.90 – 28.50 0.60 0.44 273 0.87

True widths cannot be determined with the information available.

Avino Silver & Gold Mines Ltd. - News Release – August 14, 2017

Avino Announces Remaining Results From its Extended 22-Hole Exploration Drill Program at the Avino Mine

Page 3

Hole Number Zone Intersection

(m)

Length

(m)

(g/t)

(%)

Avino Vein All Zone 33.10 – 54.25 21.15 1.34 28 0.85

Including 33.10 – 33.60 0.50 1.22 37 0.07

44.70 – 45.60 0.90 2.12 13 0.04

45.60 – 46.70 1.10 2.44 21 0.12

46.70 – 47.50 0.80 3.30 28 0.55

47.50 – 47.95 0.45 1.69 80 13.4

47.95 – 48.95 1.00 1.65 43 0.89

53.75 – 54.25 0.50 1.35 61 0.72

ET-17-14 Infill Avino Vein All Zone 22.55 – 57.05 34.50 0.347 88 0.82

Avino Fault Hanging Wall 22.55 – 30.30 7.75 0.41 232 0.15

Avino Vein Hanging Wall Zone 33.65 – 41.40 7.75 0.21 20 0.02

Avino Vein 44.45 – 50.05 5.60 0.21 20 0.02

Avino Vein Footwall Zone 51.30 – 57.05 5.75 1.04 97 0.20

Including 22.80 – 23.20 0.40 0.53 170 0.35

25.70 – 26.20 0.50 0.34 104 0.12

27.45 – 28.15 0.70 0.12 96 0.06

35.85 – 36.55 0.70 0.25 128 0.74

36.55 – 37.45 0.90 0.11 78 0.11

39.35 – 39.90 0.55 0.27 199 0.08

39.90 – 40.60 0.70 2.66 1,844 0.03

40.60 – 41.40 0.80 0.58 141 0.02

53.90 – 54.70 0.80 2.11 305 0.48

54.70 – 55.35 0.65 5.51 182 0.61

56.75 – 57.05 0.30 1.68 4 0.01

ET-17-15 Infill Hanging Wall Breccia 12.25 – 14.70 2.45 0.21 231 0.17

Including 12.25 – 13.65 1.40 0.27 257 0.15

13.65 – 14.70 1.05 0.12 196 0.19

Hanging Wall Fault 28.45 – 29.80 1.35 0.51 92 0.07

Including 29.30 – 29.55 0.25 1.91 251 0.14

Avino Vein 40.30 – 65.70 25.40 0.68 47 0.08

Avino Vein Footwall 58.55 – 65.70 7.15 1.46 95 0.08

Including 41.50 – 42.55 1.05 0.64 113 0.69

58.55 – 59.70 1.15 1.63 63 0.02

59.70 – 59.95 0.25 1.14 402 0.11

61.35 – 62.25 0.90 1.25 15 0.02

62.25 – 62.95 0.70 1.37 126 0.05

62.95 – 63.70 0.75 1.34 108 0.10

63.70 – 65.30 1.60 2.38 111 0.11

65.30 – 65.70 0.40 2.65 275 0.36

True widths cannot be determined with the information available.

Avino Silver & Gold Mines Ltd. - News Release – August 14, 2017

Avino Announces Remaining Results From its Extended 22-Hole Exploration Drill Program at the Avino Mine

Page 4

Hole Number Zone Intersection

(m)

Length

(m)

(g/t)

(%)

ET-17-16 Infill Avino Vein 160.10 – 203.15 43.05 0.50 33 0.08

Avino Vein Footwall 190.00 – 203.15 13.15 0.81 53 0.10

Including 171.65 – 172.55 0.90 0.21 276 1.0

172.55 – 173.40 0.85 1.37 12 0.01

173.90 – 174.30 0.40 1.13 28 0.01

185.20 – 185.75 0.55 1.25 4 0.01

190.0 – 190.75 0.75 1.69 40 0.05

192.30 – 192.75 0.45 3.73 184 0.04

192.75 – 193.25 0.50 1.11 4 0.01

193.25 – 193.50 0.25 4.73 19 0.08

197.90 – 198.10 0.20 3.29 3 0.02

198.55 – 199.40 0.85 1.14 392 0.07

200.15 – 201.0 0.85 1.33 28 0.03

202.85 – 203.15 0.30 1.61 314 2.34

ET-17-17 Infill Avino FootWall Vein 237.90 – 246.75 8.85 0.09 61 0.77

Including 240.25 – 246.75 6.50 0.10 78 1.02

240.80 – 241.75 0.95 0.11 229 2.19

ET-17-18 Infill Avino Vein 186.75 – 195.20 8.45 1.36 7 0.02

Including 188.85 – 190.30 1.45 1.32 6 0.03

193.05 – 193.65 0.90 8.03 13 0.04

193.95 – 195.20 1.25 1.40 9 0.04

Avino FootWall Vein 225.60 – 238.85 13.25 0.26 28 0.23

Including 227.80 – 228.40 0.60 3.50 91 1.26

ET-17-19 Infill Avino Hanging Wall Vein 140.65 – 141.30 0.65 5.64 26 0.09

Avino Vein 190.15 – 213.55 23.40 1.09 167 0.38

205.15 – 206.25 1.10 4.07 223 0.30

206.25 – 206.60 0.35 2.31 502 3.90

206.60 – 207.50 0.90 1.13 109 0.14

207.50 – 208.40 0.90 1.64 80 0.38

208.40– 209.00 0.60 11.19 1,082 0.58

209.0 – 209.90 0.90 4.96 1,023 0.93

209.90 – 211.0 1.10 1.54 447 0.51

211.00 – 211.90 0.90 1.71 270 0.58

211.90 – 212.55 0.65 0.50 360 1.34

ET-17-20 Infill Hanging Wall Breccia Zone 67.2 – 75.4 8.2 0.59 18 0.07

Including 67.2 – 70.05 2.85 0.90 14 0.04

67.55 – 68.20 0.65 1.87 15 0.08

True widths cannot be determined with the information available.

Avino Silver & Gold Mines Ltd. - News Release – August 14, 2017

Avino Announces Remaining Results From its Extended 22-Hole Exploration Drill Program at the Avino Mine

Page 5

Hole Number Zone Intersection

(m)

Length

(m)

(g/t)

(%)

Avino Vein 174.2 – 214.65 40.45 0.56 42 0.19

Avino Vein Hanging Wall 175.2 – 184.95 15.1 0.98 53 0.15

Including 183.2 – 184.15 0.95 2.43 98 0.16

184.15 – 184.95 0.8 2.26 89 0.13

Avino Vein Foot Wall 200.8 – 206.75 5.95 0.77 85 0.22

Including 203.3 – 203.9 0.6 0.49 184 0.66

205.1 – 205.65 0.55 1.33 284 1.00

ET-17-21 Infill Hanging Wall Breccia 64.75 – 76.8 12.05 0.64 28 0.18

Including 68.4 -68.75 0.35 0.22 86 1.84

74.1 – 75.25 1.15 0.18 80 0.06

75.25 – 75.75 0.5 3.01 32 0.04

75.75 – 76.8 1.05 2.54 22 0.07

Avino Hanging Wall Vein 148.45 – 148.65 0.2 0.05 118 3.89

Avino Vein 198.9 – 240.95 42.05 0.49 103 0.18

Including 200.3 – 200.9 0.60 0.68 152 0.48

207.55 – 208.6 1.05 4.71 166 0.12

208.6 – 210.45 1.85 1.44 150 0.13

210.45 – 211.9 1.45 2.69 95 0.13

221.6 – 222.9 1.30 0.19 418 0.01

229.0 – 230.3 1.30 0.16 491 0.41

ET-17-22 Infill Avino Hanging Wall Vein 177.15 – 180.30 3.15 1.71 10 0.06

Intermediate Avino Vein 202.70 – 222.45 19.75 1.41 29 0.08

Including 216.05 – 217.65 1.60 4.77 17 0.07

True widths cannot be determined with the information available.

Avino Silver & Gold Mines Ltd. - News Release – August 14, 2017

Avino Announces Remaining Results From its Extended 22-Hole Exploration Drill Program at the Avino Mine

Page 5

New Drill Programs Targeting Three Areas of Potential Mineralisation

The company has commenced new drill programs on the Avino property which are targeting three areas

of mineralisation.

The first area of drilling is located on surface at the west end of the San Gonzalo mine, and comprises six

(6) holes for a total of 1,200 metres of NQ drilling. The second area is situated where the Avino -San

Juventino and the Footwall Breccia intersect, and consists of five (5) holes for a total of 1,300 metres.

The third area is located in the historical El Chirumbo mining area, which is located at the east end of the

Avino vein, and comprises 10 holes for a total of 2,000 metres of NQ drilling. This area was previously

mined between 1930 and 1940 and is characterized by gold rich mineralization in narrow vein (1 metre in

width) and the company believes there is potential to extend the mineralisation.

These three areas are all outside of the exis ting active mining areas and have the potential to extend

resources.

Assay Methods

Following detailed geological and geotechnical logging, drill core samples are sawed in half. One half of

the core is submitted for assaying and the other half is retained on -site for verification and reference.

Samples from diamond drill holes 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 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)

Avino's projects are under the supervision of Michael O’Brien P.Geo., Pr.Sci.Nat., who is an employee of

ARANZ Geo Canada and is independent of Avino, as defined by Section 1.5 of NI 43-101., 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 produces 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 g old and silver production remains

unhedged. The Company’s mission and strategy is to create shareholder value through its focus on 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

environmentally responsible and cost -effective manner, while contributing to the well -being of the

communities in which we operate.

Avino Silver & Gold Mines Ltd. - News Release – August 14, 2017

Avino Announces Remaining Results From its Extended 22-Hole Exploration Drill Program at the Avino Mine

Page 6

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 property 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.

Such factors and assumptions include, among others, our ability to use the proceeds from the Offering as expected, the effects 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 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 associated 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 of 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 a nd 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 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 requirements of United States securities laws. In particular,

the term "resource" does not equate to the term "reserve". The Securities Exchange Commission's (the "SEC") disclosure standards normally do

not permit the inclusion of information concerning "measured mineral 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 "reserves" 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.

1.48 Au (g/t) 41 Ag (g/t) 0.20 Cu %

1.09 Au (g/t) 167 Ag (g/t) 0.38 Cu %

0.50 Au (g/t) 33 Ag (g/t) 0.08 Cu %

From 237.90 to 246.75 (8.85 m) AR FW Zone

0.09 Au (g/t) 61 Ag (g/t) 0.77 Cu %

0.26 Au (g/t) 28 Ag (g/t) 0.23 Cu %

0.49 Au (g/t) 103 Ag (g/t) 0.18 Cu %

LEVEL 6 1/2

LEVEL 8 1/2

El Trompo Ramp

LEVEL 8

LEVEL 9 1/2

S.L.

LEVEL 7 1/2

LEVEL 8

LEVEL 8 1/2

OLD LEVEL 6

GENERAL

SAFT

59-1.25-1.29

Width=13.50 m

TOPE N.11

Ancho = 4.10 m.

Ag= 61 g/t

Au= 0.56 g/t

Cu= 0.26 %

TOPE N.11 12

Ancho = 12.4 m

Ag= 99 g/t

Au= 1.35 g/t

MINED

FILLED

2200 masl

2100 masl

ET-17-21

ET-17-20

ET-17-17

ET-17-18

ET-17-14

ET-17-13

ET-17-12

ET-17 - 22

TOPE N.11.5

ET-17-15

From 51.6 to 74.25 (22.65m) 18.26 m AR FW Zone

From 22.55 to 57.05 (34.50m) 29.89 m AR All

From 40.3 to 65.70 (25.40m) 22.69 m AR All

ET-17-16

From 160.1 to 203.15 (43.05 m) 42.66 m AR

All

ET-17-19

From 225.60 to 238.85 (13.25 m) 13.20 m AR

FW Zone

From 190.15 to 213.55 (23.40 m) AR FW Zone

From 174.20 to 214.65 (40.45 m) 36.10 m AR

ALL Zone

0608

0510

0612

15 14

From 198.90 to 240.95 (42.05 m) 35.20 m AR

ALL Zone

1.34 Au (g/t) 28 Ag (g/t) 0.85 Cu %

From 33.1 to 54.25 (21.15m) 20.50 m AR All

Mine Pillars

Regional fault

Rhyolitic Dyke

Ore Mined out

EXPLORATION- NEW

DEVELOPMENTS

Old Mine Pillars/

E X P L A N A T I O N

Partial Mined

Diamond Holes in 2016

Diamond Holes in 2017

AV = Avino Vein

FW = Footwall

S = Stockwork

HW = Hanging Wall

HWB = Hanging Wall Breccia

Note: Numbered holes without

values indicate holes from the

current drill program that were

released previously

0.68 Au (g/t) 47 Ag (g/t) 0.08 Cu %

0.35 Au (g/t) 88 Ag (g/t) 0.08 Cu %

0.56 Au (g/t) 42 Ag (g/t) 0.19 Cu %

August 14, 2017

Avino Announces Remaining Results From the

Extended 22-Hole Exploration Drill Program at the Avino Mine

1.41 Au (g/t) 29 Ag (g/t) 0.08 Cu %

From 202.70 to 222.45 19.75 m)

← Back to feed