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Avino Silver & Gold Mines Ltd
Symbol C : ASM
Shares Issued 76,027,129
Close 2019-08-12 C$ 0.93
Recent Sedar Documents

Avino Silver drills 0.91 m of 12.35 g/t Au at Bralorne

2019-08-13 07:00 ET - News Release

Mr. David Wolfin reports

AVINO ANNOUNCES FINAL RESULTS FROM THE NORTHEAST BLOCK Q1-Q2 2019 DRILL CAMPAIGN AT THE BRALORNE GOLD MINE INTERCEPTS 12.35 G/T GOLD OVER 0.91 METER AND 3.06 G/T GOLD OVER 2.6 METRES

Avino Silver & Gold Mines Ltd. has released complete results from the first quarter/second quarter 2019 drilling campaign in the newly identified Northeast block vein network at the Bralorne gold mine located near Gold Bridge, B.C. First pass drill testing of this exciting target is now complete, and the area is considered by Avino to have high potential to host another large Bralorne-style gold vein system.

Drilling began in the northeast block on Jan. 11, 2019, and 35 holes have now been completed with gold-bearing quartz veins intersected in 27 holes, including 12.35 g/t (grams per tonne) gold over 0.91-metre true width at 204.7 m depth in SB-2019-024, and 3.06 g/t gold over 2.6 m true width at 257 m depth in SB-2019-031. Assay results from all 35 holes into the northeast block have now been received. Drilling through the third quarter will target underexplored and highly prospective volumes between the historic Bralorne and Pioneer mines.

The company is using the gross proceeds of $6-million raised from the flow-through share offering which closed on April 27, 2018, to finance the exploration work. The news release dated April 27, 2018, describing the offering may be viewed on the Avino website or under the company's profile on SEDAR and was also filed with the Securities and Exchange Commission on Form 6-K.

Flow-through funds for this campaign are available to be used by the end of December, 2019. An estimated $4.5-million has been spent to date on 24,000 metres of an expected 28,000 to 30,000 metres of the diamond drilling program. The program was planned in two phases with phase 1 targeting underexplored portions of known veins from the fourth quarter of 2018 through the first quarter of 2019, and phase 2 targeting new discoveries in unexplored portions of the property from Q1 2019 until the end of the year.

"We are very encouraged by the completed first pass drill testing of the northeast block target area, and we now consider the area to have high potential to host another large Bralorne-style gold vein system," said David Wolfin, Avino's president and chief executive officer. "The drilling during the third quarter will be focused on the underexplored areas between the historic Bralorne and Pioneer mines. We look forward to receiving these assays later in the year and to the continued success of the drill campaign."

Drilling campaign -- northeast block target initial results

The 2019 northeast block drilling campaign has identified a new vein array with a 1,100-metre strike extent using a wide-spaced 150-metre drill pattern. The occurrence of gold-bearing quartz veins in 77 per cent of these holes, together with the structural and textural similarities that appear between these intercepts and the mineralization at the nearby King, Bralorne and Pioneer mines, is considered strongly supportive of Avino's exploration thesis (see the Avino news release dated April 1, 2019).

                         NORTHEAST BLOCK ASSAY HIGHLIGHTS
  
Hole No.              From            To        Length    True width            Au
                       (m)           (m)           (m)           (m)         (g/t)

SB-2019-005          61.87         78.75         16.88           N/A         1.93*
including            62.87         65.04          2.17           N/A         3.17*
and                  68.04         71.04          3.00           N/A         3.11*
SB-2019-005         105.20        106.20          1.00          0.53        12.98*
SB-2019-006          85.00         90.00          5.00           N/A         2.14*
including            87.00         89.00          2.00           N/A         3.97*
SB-2019-007         250.54        257.15          6.61           N/A         2.03*
including           254.70        255.70          1.00           N/A         6.12*
SB-2019-012          46.60         49.60          3.00          2.12         3.04*
including            47.60         48.60          1.00          0.71         6.00*
SB-2019-013         168.26        168.83          0.57          0.23        30.73*
SB-2019-013         440.94        441.50          0.56          0.43         3.61*
SB-2019-019          48.50         50.50          2.00          1.97          3.47
SB-2019-023         208.62           213          4.38          3.79          2.47
including           212.33           213          0.67           N/A          4.52
SB-2019-023         263.75         264.9          1.15          0.88          3.87
SB-2019-024          204.7         205.7             1          0.91         12.35
SB-2019-024          372.5         373.5             1           N/A          3.96
SB-2019-029          98.05         99.05             1          0.94          4.15
SB-2019-031            257           267            10          2.59          3.06
including              265           266             1           N/A          6.98

* Reported in news release April, 2019.

         SECOND QUARTER 2019 NORTHEAST BLOCK SIGNIFICANT INTERCEPTS
  
Hole No.          From           To      Length        True width        Au
                   (m)          (m)         (m)               (m)     (g/t)

SB-2019-014      68.35        69.35           1              0.64      1.45
SB-2019-015        205          207           2              1.81      1.14
SB-2019-016     272.62       273.23        0.61              0.53      1.07
SB-2019-016        375          376           1              0.97      1.09
SB-2019-016      476.7        477.7           1              0.98      1.16
SB-2019-017     125.33       126.33           1              0.57      1.77
SB-2019-017     131.25          132        0.75              0.38      2.14
SB-2019-017        285       285.85        0.85              0.49      1.63
SB-2019-017     491.62        493.2        1.58              0.91      1.58
SB-2019-018      90.15         90.9        0.75              0.19      2.23
SB-2019-018      94.75        95.35         0.6               N/A      2.37
SB-2019-019         33           34           1              0.50      1.31
SB-2019-019       47.5         51.5           4              3.94      2.12
including         48.5         50.5           2              1.97      3.47
SB-2019-019       78.5         79.5           1              0.21      1.38
SB-2019-019         87           89           2              0.68      1.82
SB-2019-019       91.8         92.8           1              0.26      1.86
SB-2019-019        159          161           2               N/A      1.19
SB-2019-020                                                   N/A
SB-2019-021         23           24           1              0.50      1.74
SB-2019-021      141.5          144         2.5              0.86      1.57
SB-2019-022                                                   N/A
SB-2019-023     208.62          213        4.38              3.79      2.47
including       212.33          213        0.67               N/A      4.52
SB-2019-023     246.72       247.22         0.5              0.34       1.6
SB-2019-023     253.56       255.56           2              1.41      1.61
SB-2019-023     263.75        264.9        1.15              0.88      3.87
SB-2019-023        266        266.7         0.7               N/A      1.37
SB-2019-023     268.75        269.9        1.15               N/A      2.31
SB-2019-023     285.36       286.06         0.7              0.63      2.14
SB-2019-023        383       383.87        0.87              0.71      1.49
SB-2019-024      204.7        206.6         1.9              1.72      7.14
including        204.7        205.7           1              0.91     12.35
SB-2019-024      372.5        373.5           1               N/A      3.96
SB-2019-024        391          392           1              0.94      1.02
SB-2019-025        267          268           1              0.68       1.1
SB-2019-026      228.5        229.5           1              0.50      2.09
SB-2019-027                                                   N/A
SB-2019-028      78.35        79.09        0.74              0.31       1.7
SB-2019-028     131.85       132.35         0.5              0.29      2.55
SB-2019-028      228.5        229.5           1              0.77      2.07
SB-2019-029      98.05        99.05           1              0.94      4.15
SB-2019-030      369.5        370.5           1              0.91      1.43
SB-2019-031        245          248           3              0.88      2.06
SB-2019-031        257          267          10              2.59      3.06
including          260          261           1              0.26      3.70
and                262          263           1              0.17      4.88
and                265          266           1               N/A      6.98
and                266          267           1               N/A       4.3
SB-2019-032         65           66           1              0.97      1.51
SB-2019-033                                                   N/A
SB-2019-034                                                   N/A
SB-2019-035      246.1          248         1.9               N/A      2.18
including        246.1          247         0.9               N/A      3.23
SB-2019-035      276.4        277.2         0.8               N/A      1.83
SB-2019-035     322.25       322.96        0.71               N/A      2.57

True widths cannot always be determined with the information available.       
 

BP gap target -- Q3 drilling

Drilling is now under way in the historically underexplored gap between the Bralorne and Pioneer mines. Avino's newly developed conceptual targeting model has highlighted two large volumes of prospective ground possessing direct structural and lithological similarities to areas which hosted the hugely productive 77 and 27 veins. Historically, exploration drilling in this area was oriented orthogonal to the nearby 51B FW (footwall) and countless veins, leading to a drill pattern which contains large gaps in some of the most prospective ground in the district.

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 the MSA Laboratory facility in Langley, B.C., Canada, and the other half is retained on site for verification and reference. Gold is assayed by 30-gram fire assay with an AAS (atomic absorption spectroscopy) finish (MSA method FAS-111). Any samples exceeding 1.0 gram/tonne gold are reassayed using a 500-gram metallic screen process followed by 30-gram fire assay (MSA method MSC-500). Multielement analyses are also completed for each sample (MSA method ICP-130).

Avino uses a series of standard reference materials (SRMs), blank reference materials (blanks) and duplicates as part of its quality assurance/quality control program during analysis of assays.

Qualified person(s)

Avino's Bralorne gold mine project is under the supervision of Fred Sveinson, BA, BSc, PEng, senior mining adviser, who is a qualified person within the context of National Instrument 43-101, and Garth Kirkham, PGeo, principal of Kirkham Geosystems Ltd., who is an independent qualified person, as defined by Section 1.5 of National Instrument 43-101. Both have reviewed and approved the technical data in this news release.

About Avino Silver & Gold Mines Ltd.

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 and San Gonzalo mines near Durango, Mexico, and is currently exploring and drilling 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 seek Safe Harbor.

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