Avino Plans 8,000 Metre Drill Program at Bralorne
NYSE American-: ASM
TSX-V: ASM
December 11, 2017 FSE: GV6
AVINO PLANS 8,000 METRE DRILL PROGRAM AT BRALORNE
Avino Silver & Gold Mines Ltd. (ASM: TSX.V, ASM: NYSE American , GV6: FSE, “Avino” or “the
Company”) is pleased to announce that plans have been finalised for an 8,000 metre drill program to
commence early January, 2018, at its Bralorne Gold Mine located near Gold Bridge, British Columbia.
On November 14, 2017, the Company announced the receipt of an approved Permit Amendment to the
Mines Act Permit M207, see news release, http://www.avino.com/i/pdf/nr/2017-11-14-nr-asm.pdf.
The area of drilling is within the recently approved Permit Amendment , with drilling to be completed
under Deemed Authorization.
The program will consist of 8,000 metres of drilling , and will focus on 9 gold-bearing veins containing
existing resources as defined in the NI 43-101 Updated Resource Estimate completed in October, 2016 .
This program is designed to delineate additional resources above the 800 level in the vicinity of
previously reported gold resources . The program has been designed by Bralorne's independent
consultant with the assistance of Bralorne geologists. This program will also include two geotechnical
holes to provide information for the engineering design of the proposed new tunnel on the 800 level.
This drill program will be aimed at both identifying additional resources and increasing the confidence in
existing resources, in advance of a revised resource update.
“I am very pleased to commence this planned drill program. We have been focused on returning this
historical gold mine into production since acquiring the Bralorne Gold Mine in 2014. This drill program
and the receipt of the Amended Permit in November, are important steps that bring us closer to
achieving our plans for the Bralorne Gold Mine.”
- David Wolfin, President, CEO & Director, Avino Silver & Gold Mines Ltd.
Chance Find Procedure
To ensure that no culturally sensitive artifacts are removed or destroyed, the drill program will be run in
accordance with our Chance Find Procedure. All ground disturbances will be overseen by a Cultural
Heritage Resource Monitor , provided by the Lillooet Tribal Co uncil, who has the ability to halt work in
the area if anything of significance is discovered. The project is to be overseen by consulting
archeologist, Gordon Mohs, M.A of Tetra Tech.
Qualified Person(s)
Avino's projects are under the supervision of Fred Sveinson, B.A., B. Sc., P.Eng, Senior Mining Advisor,
who is a qualified person within the context of National Instrument 43 -101, and Mr. Garth Kirkham,
P. Geo., who is a principal of Kirkham Geosystems Ltd., and who is an "independent qualified person", as
defined by Section 1.5 of NI 43 -101. Both have reviewed and approved the technical data in this news
release.
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 – December 11, 2017
Avino Plans 8,000 Metre Drill Program at Bralorne
Page 2
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 ramping up for future production at the
Bralorne Gold Mine in British Columbia, Canada. The Company’s gold and silver production remain s
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 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 & 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 securities laws and the United States Private Securities Litigat ion Reform Act of 1995, including our belief as to the extent and
timing of various studies including the PEA, and exploration results, anticipated capital costs and operational costs, the potential tonnage, grades and content of
deposits, timing and estab lishment and extent of resource estimates. 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. W hile 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, the effects of general economic conditions, the p rice of gold, silver and copper, changing foreign exchange
rates and actions by government authorities, uncertainties associated with legal proceedings and negotiations and misjudgment s in the course of preparing
forward-looking information. In addition, t here 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 i nclude 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 fo reign 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 p rojects; 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 as
set forth in our regulatory filings in Canada and the U.S. . Although we have attempted to identif y 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 Exchang e 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 amou nt of mineralization in mineral
deposits that do not constitute "reserves" by SEC standards, unless such information is required to be disclosed by the law o f the Company's jurisdiction of
incorporation or of a jurisdiction in which its securities are traded. U.S. investors s hould 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 regul ations; however, the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC st andards as in place
tonnage and grade without reference to unit measures.
Neither the TSX Venture Exchange nor its Regulation Serv ices Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.