Avino Silver & Gold Mines Ltd.
TSX VENTURE : ASM
OTC Bulletin Board : ASGMF
BERLIN : GV6
FRANKFURT : GV6

Avino Silver & Gold Mines Ltd.

November 24, 2008 08:00 ET

Avino San Gonzalo Drilling Intersects 758 GPT Ag, 3.22 GPT Au Over 0.85 Meters

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 24, 2008) - Avino Silver & Gold Mines Ltd. (the "Company") (TSX VENTURE:ASM)(OTCBB:ASGMF)(BERLIN:GV6)(FRANKFURT:GV6) is pleased to announce results from drilling programs at its San Gonzalo Deposit and ET Zone (Main Avino Vein) on the Avino property north east of Durango, Mexico.

At San Gonzalo results of the first 2008 diamond drill holes, SG-08-01 and 02 were released September 17, 2008. The Company is now pleased to release results of the remaining four holes drilled at San Gonzalo this year. Hole locations are shown on Avino's website www.avino.com.

(All lengths are down hole distances.)

Hole SG-08-03 intersected San Gonzalo vein 322.20 - 325.7m (3.7m) 0.41 g/t gold 119 g/t silver which includes 322.00 - 323.70m (1.7m) 0.2 g/t gold 74.7 g/t silver and 323.70 - 325.7m (2.0m) 0.58 g/t gold 156 g/t silver.

Detailed intersections:



---------------------------------------------------------------------------
g/t ppm
From To Length ------------------------------
(m) (m) (m) Description Au Ag Cu Pb Zn
---------------------------------------------------------------------------
321.40 322.00 0.60 0.016 1.6 33 126 423
---------------------- Andesite volcanic ------------------------------
322.00 322.85 0.65 with quartz veins 0.215 74.1 409 11500 2725
---------------------- ------------------------------
322.85 323.70 0.85 0.195 75.2 389 2665 3405
---------------------- ------------------------------
323.70 324.10 0.40 0.109 221.0 3668 65000 3569
---------------------------------------------------------------------------
324.10 324.90 0.80 0.925 55.0 264 6449 3610
---------------------- San Gonzalo vein ------------------------------
324.90 325.70 0.80 with quartz breccia 0.457 223.5 729 15500 4012
---------------------- ------------------------------
325.70 327.00 1.30 0.288 31.8 483 2241 2408
---------------------------------------------------------------------------


Hole SG-08-04 intersected San Gonzalo vein 261.25 - 264.6m (3.35m) 0.5 g/t gold 59 g/t silver.

Detailed intersections as follows:



---------------------------------------------------------------------------
g/t ppm
From To Length ------------------------------
(m) (m) (m) Description Au Ag Cu Pb Zn
---------------------------------------------------------------------------
261.25 261.75 0.50 0.802 81.0 145 754 1251
---------------------- ------------------------------
261.75 262.75 1.00 0.331 61.4 234 1014 2002
---------------------- ------------------------------
262.75 263.15 0.40 San Gonzalo Vein 0.040 11.2 39 109 353
---------------------- ------------------------------
263.15 263.70 0.55 0.990 85.0 119 396 794
---------------------- ------------------------------
263.70 264.60 0.90 0.424 49.7 208 440 702
---------------------------------------------------------------------------


Hole SG-08-05 did not intersect the San Gonzalo vein but hit a breccia zone which may be part of the vein system. Values were low:



---------------------------------------------------------------------------
g/t ppm
From To Length ------------------------------
(m) (m) (m) Description Au Ag Cu Pb Zn
---------------------------------------------------------------------------
437.75 438.50 0.75 0.030 0.1 5 33 32
---------------------- ------------------------------
438.50 438.90 0.40 Breccia Zone less less 6 22 76
than than
0.005 0.1
---------------------- ------------------------------
438.90 439.55 0.65 0.015 less 7 18 65
than
0.1
---------------------- ------------------------------
439.55 440.35 0.80 0.010 less 8 14 30
than
0.1
---------------------------------------------------------------------------


Hole SG-08-06 intersected San Gonzalo 214.05 - 219.70m (5.65m) 0.88 g/t gold, 235 g/t silver.

Details as follows:



---------------------------------------------------------------------------
g/t ppm
From To Length ------------------------------
(m) (m) (m) Description Au Ag Cu Pb Zn
---------------------------------------------------------------------------
214.05 214.85 0.80 0.729 204.0 2944 21400 17600
---------------------- ------------------------------
214.85 215.95 1.10 San Gonzalo vein 0.523 95.0 1189 5264 6417
---------------------- with Sulphide ------------------------------
215.95 216.80 0.65 Minerals 0.335 47.5 398 1486 2918
---------------------- ------------------------------
216.80 218.00 1.20 0.360 87.3 1960 5342 7772
---------------------- ------------------------------
218.00 218.85 0.85 3.228 758.9 3731 18500 19000
---------------------- ------------------------------
218.85 219.70 0.85 0.402 316.1 7094 17500 14800
---------------------------------------------------------------------------


Avino also drilled eight core holes totalling 2,183m on the ET (Elena-Tolosa) Zone on the main Avino vein in 2008, below the area where the Company ceased production in November 2001 due to low metal prices.

The eight holes in 2008 were mostly positioned in order to define the western and eastern edges of the ET ore shoot, locations are shown in plan and section on the Company's website.

Hole ET-08-01 drilled on the eastern side of the ET shoot below level 9. The hole intersected the Avino vein but gold and silver values are low.

Avino vein 196.90 - 213.40m (16.5m).

Details:



---------------------------------------------------------------------------
g/t ppm
From To Length ------------------------------
(m) (m) (m) Description Au Ag Cu Pb Zn
---------------------------------------------------------------------------
196.90 198.40 1.50 0.322 3.6 259 149 719
---------------------- ------------------------------
198.40 199.90 1.50 0.020 7.8 97 68 554
---------------------- ------------------------------
199.90 201.40 1.50 0.054 5.2 331 180 665
---------------------- ------------------------------
201.40 202.90 1.50 less 2.4 306 45 2079
than
0.005
---------------------- ------------------------------
202.90 204.40 1.50 Avino Vein 0.090 1.6 271 54 5950
---------------------- ------------------------------
204.40 205.90 1.50 0.005 0.6 456 25 2784
---------------------- ------------------------------
205.90 207.40 1.50 less 0.8 168 16 4381
than
0.005
---------------------- ------------------------------
207.40 208.90 1.50 less 0.8 229 18 2361
than
0.005
---------------------- ------------------------------
208.90 210.40 1.50 0.040 1.3 178 34 3494
---------------------- ------------------------------
210.40 211.90 1.50 0.015 0.3 320 23 2502
---------------------- ------------------------------
211.90 213.40 1.50 0.005 3.0 621 29 3957
---------------------------------------------------------------------------


Hole ET-08-02 drilled on west side of ET shoot 50m west of workings on level 10.

The hole intersected gold values in the hanging wall of the main Avino vein, 189.75 - 194.25m (4.50m) 2.66 g/t gold 19.7 g/t silver. The overall vein was intersected 189.75 - 213.50m (23.75m).

Detailed values as follows:



---------------------------------------------------------------------------
g/t ppm
From To Length ------------------------------
(m) (m) (m) Description Au Ag Cu Pb Zn
---------------------------------------------------------------------------
189.75 191.25 1.50 2.635 19.4 692 724 817
---------------------- ------------------------------
191.25 192.75 1.50 3.225 12.0 113 95 612
---------------------- ------------------------------
192.75 194.25 1.50 2.080 27.7 224 125 595
---------------------- ------------------------------
194.25 195.75 1.50 less 40.5 1734 454 847
than
0.005
---------------------- ------------------------------
195.75 197.25 1.50 Avino Vein less 3.4 28 184 1074
than
0.005
---------------------- ------------------------------
197.25 198.75 1.50 less 4.0 42 168 690
than
0.005
---------------------- ------------------------------
198.75 200.25 1.50 less 4.9 201 352 1042
than
0.005
---------------------- ------------------------------
200.25 201.75 1.50 less 10.6 276 162 670
than
0.005
---------------------- ------------------------------
201.75 203.25 1.50 0.035 20.3 68 320 1091
---------------------- ------------------------------
203.25 204.75 1.50 less 12.7 228 413 871
than
0.005
---------------------- ------------------------------
204.75 206.25 1.50 less 32.2 751 317 530
than
0.005
---------------------- ------------------------------
206.25 207.75 1.50 less 8.5 1200 83 410
than
0.005
---------------------- ------------------------------
207.75 209.25 1.50 less 10.3 957 134 660
than
0.005
---------------------- ------------------------------
209.25 210.75 1.50 less 25.5 1180 185 522
than
0.005
---------------------- ------------------------------
210.75 212.25 1.50 less 22.9 2220 423 3806
than
0.005
---------------------- ------------------------------
212.25 213.50 1.25 less 36.9 400 473 2021
than
0.005
---------------------------------------------------------------------------


Hole ET-08-03 Also drilled on the west side of ET workings approximately 50m beyond end of level 11 1/2. Intersected a mineralized breccia in the hanging wall rock 80.40 - 84.50m (4.1m) 3.82 g/t gold, 103 g/t silver. The main vein was intersected 214.55 - 257.85m (43.3m) 0.52 g/t gold, 43 g/t silver.

Detailed intersections as follows:



---------------------------------------------------------------------------
g/t ppm
From To Length ------------------------------
(m) (m) (m) Description Au Ag Cu Pb Zn
---------------------------------------------------------------------------
79.75 80.40 0.65 Breccia Zone 0.020 14.7 409 40 2080
---------------------- ------------------------------
80.40 81.90 1.50 1.396 48.0 2641 148 435
---------------------- ------------------------------
81.90 83.20 1.30 6.720 174.4 2456 327 21
---------------------- ------------------------------
83.20 84.50 1.30 3.703 96.4 1815 818 94
---------------------------------------------------------------------------
214.55 216.05 1.50 0.135 21.2 315 241 217
---------------------- ------------------------------
216.05 217.55 1.50 0.109 40.6 257 618 318
---------------------- ------------------------------
217.55 219.05 1.50 3.017 113.2 5264 177 123
---------------------- ------------------------------
219.05 220.55 1.50 0.096 7.9 1528 298 330
---------------------- ------------------------------
220.55 222.05 1.50 0.025 8.8 405 253 275
---------------------- ------------------------------
222.05 223.66 1.50 0.128 11.9 520 687 391
---------------------- ------------------------------
223.56 225.05 1.50 Main Avino Vein 0.049 9.6 1592 5318 570
---------------------- ------------------------------
225.05 226.55 1.50 0.105 8.4 631 331 750
---------------------- ------------------------------
226.55 228.05 1.50 0.084 21.1 432 167 487
---------------------- ------------------------------
226.05 229.55 1.50 0.100 21.7 517 1910 584
---------------------- ------------------------------
229.55 231.05 1.50 0.723 82.3 484 4282 3006
---------------------- ------------------------------
231.05 232.55 1.50 1.310 94.9 3753 565 674
---------------------- ------------------------------
232.55 234.05 1.50 1.890 58.4 574 474 619
---------------------- ------------------------------
234.05 235.55 1.50 1.658 69.1 1117 412 687
---------------------- ------------------------------
235.55 237.05 1.50 2.756 53.0 2590 396 711
---------------------- ------------------------------
237.05 238.55 1.50 1.065 28.7 1816 280 410
---------------------- ------------------------------
238.55 240.05 1.50 0.219 66.5 1263 916 416
---------------------- ------------------------------
240.05 241.55 1.50 0.185 45.3 369 191 424
---------------------- ------------------------------
241.55 243.05 1.50 0.167 42.0 1220 482 438
---------------------- ------------------------------
243.05 244.55 1.50 0.382 48.1 8097 525 2111
---------------------- ------------------------------
244.55 246.05 1.50 Main Avino Vein 0.648 60.7 1638 766 716
---------------------- ------------------------------
246.05 247.55 1.50 0.506 49.7 1311 549 415
---------------------- ------------------------------
247.55 249.05 1.50 0.125 39.7 1343 911 475
---------------------- ------------------------------
249.05 250.55 1.50 0.160 78.1 3430 790 737
---------------------- ------------------------------
250.55 252.05 1.50 0.135 92.9 3617 551 506
---------------------- ------------------------------
252.05 253.55 1.50 0.130 44.4 5739 351 603
---------------------- ------------------------------
253.55 255.05 1.50 0.070 42.6 3395 796 357
---------------------- ------------------------------
255.05 256.55 1.50 0.045 30.0 2971 365 374
---------------------- ------------------------------
256.55 257.85 1.30 0.025 31.4 5772 1510 686
---------------------------------------------------------------------------


Hole ET-08-04 Hit the Avino vein 75m below the lowest working level 12 of the mine, it intersected the Avino vein from 321.00 - 341.10m (20.1m) which includes 327.00 - 330.00m 3m 1.17 g/t gold, 133 g/t silver.

337.50 - 341.10m (3.6m) 0.04 g/t gold, 128 g/t silver and 327.00 - 341.10m (14.1m) 81 g/t silver, 0.726 copper.

Detailed intersections:



---------------------------------------------------------------------------
g/t ppm
From To Length ------------------------------
(m) (m) (m) Description Au Ag Cu Pb Zn
---------------------------------------------------------------------------
321.00 322.50 1.50 0.501 34.2 2378 264 426
---------------------- ------------------------------
322.50 324.00 1.50 1.146 71.0 3147 421 496
---------------------- ------------------------------
324.00 325.50 1.50 0.904 55.2 4652 230 288
---------------------- ------------------------------
325.50 327.00 1.50 0.262 54.9 1395 230 236
---------------------- ------------------------------
327.00 328.50 1.50 2.174 165.0 8408 509 286
---------------------- ------------------------------
328.50 330.00 1.50 0.173 101.9 7194 8582 3727
---------------------- ------------------------------
330.00 331.50 1.50 Main Avino Vein 0.053 56.0 4926 5923 18300
---------------------- ------------------------------
331.50 333.00 1.50 0.095 54.9 4081 2559 561
---------------------- ------------------------------
333.00 334.50 1.50 0.080 23.1 1089 1199 301
---------------------- ------------------------------
334.50 336.00 1.50 0.052 56.6 11000 536 597
---------------------- ------------------------------
336.00 337.50 1.50 0.030 49.7 10900 170 618
---------------------- ------------------------------
337.50 339.00 1.50 0.032 156.6 14700 395 853
---------------------- ------------------------------
339.00 340.00 1.00 0.025 48.4 6149 174 595
---------------------- ------------------------------
340.00 341.10 1.10 0.064 161.8 8252 2170 1765
---------------------------------------------------------------------------


Hole ET-08-05 Drilled approximately 80m east of hole ET-08-04 intersected the Avino vein 293.35 - 302.70 (9.35m). It is well off the ET shoot and did not intersect significant gold or silver values but copper values are of interest:



---------------------------------------------------------------------------
g/t ppm
From To Length ------------------------------
(m) (m) (m) Description Au Ag Cu Pb Zn
---------------------------------------------------------------------------
290.95 292.30 1.35 0.172 16.7 533 3964 643
---------------------- ------------------------------
292.30 293.35 1.05 0.096 0.5 581 5078 2842
---------------------- ------------------------------
293.35 294.85 1.50 0.379 30.8 2116 8000 559
---------------------- ------------------------------
294.85 296.35 1.50 0.050 12.3 2654 7063 582
---------------------- ------------------------------
296.35 297.60 1.25 Main Avino Vein 0.568 67.3 3564 3688 164
---------------------- ------------------------------
297.60 299.10 1.50 0.062 42.4 5360 1771 688
---------------------- ------------------------------
299.10 300.60 1.50 0.020 31.8 14900 896 3473
---------------------- ------------------------------
300.60 301.70 1.10 0.060 34.4 11300 282 1743
---------------------- ------------------------------
301.70 302.70 1.00 0.130 44.2 10000 469 1265
---------------------------------------------------------------------------


Hole ET-08-06 Intersects the Avino vein 60m east of final working face on level 11 1/2. The Avino vein is wide: 237.60 - 288.70m (51.10m) but gold and silver values are low although some high copper grades were intersected on the foot wall side of the vein:



---------------------------------------------------------------------------
g/t ppm
From To Length ------------------------------
(m) (m) (m) Description Au Ag Cu Pb Zn
---------------------------------------------------------------------------
237.60 238.25 0.65 0.140 74.2 3526 7260 909
---------------------- ------------------------------
238.25 239.75 1.50 0.065 22.4 2260 344 383
---------------------- ------------------------------
239.75 241.25 1.50 0.020 8.7 883 43 528
---------------------- ------------------------------
241.25 242.75 1.50 0.115 10.1 2249 374 1981
---------------------- ------------------------------
242.75 244.25 1.50 0.045 8.7 2641 40 631
---------------------- ------------------------------
244.25 245.75 1.50 0.105 14.4 3472 87 651
---------------------- ------------------------------
245.75 247.25 1.50 0.072 17.1 4780 41 876
---------------------- ------------------------------
247.25 248.75 1.50 0.053 20.5 6107 100 950
---------------------- ------------------------------
248.75 250.25 1.50 0.100 11.0 4619 191 1044
---------------------- ------------------------------
250.25 251.75 1.50 0.120 10.4 4869 282 784
---------------------- ------------------------------
251.75 253.25 1.50 0.035 4.0 1261 45 662
---------------------- ------------------------------
253.25 254.75 1.50 0.163 14.9 2553 78 835
---------------------- ------------------------------
254.75 256.25 1.50 0.045 25.4 6483 95 734
---------------------- ------------------------------
256.25 257.75 1.50 0.015 12.0 5544 40 871
---------------------- ------------------------------
257.75 259.25 1.50 0.025 39.8 5758 217 521
---------------------- ------------------------------
259.25 260.75 1.50 0.025 20.6 6136 89 465
---------------------- ------------------------------
260.75 262.25 1.50 Main Avino Vein 0.015 10.5 3202 74 327
---------------------- ------------------------------
262.25 263.75 1.50 0.059 24.0 3670 105 533
---------------------- ------------------------------
263.75 265.25 1.50 0.049 28.7 3252 183 718
---------------------- ------------------------------
265.25 266.75 1.50 0.053 14.2 6129 112 584
---------------------- ------------------------------
266.75 268.25 1.50 0.156 47.3 7192 217 399
---------------------- ------------------------------
268.25 269.75 1.50 0.102 19.8 3342 125 326
---------------------- ------------------------------
269.75 271.25 1.50 0.030 9.1 4101 38 414
---------------------- ------------------------------
271.25 272.75 1.50 0.010 9.3 2611 94 455
---------------------- ------------------------------
272.75 274.25 1.50 0.020 7.9 3355 41 391
---------------------- ------------------------------
274.25 275.75 1.50 0.020 16.5 4405 58 496
---------------------- ------------------------------
275.75 277.25 1.50 0.076 82.7 4570 422 979
---------------------- ------------------------------
277.25 278.75 1.50 0.084 58.4 5545 956 593
---------------------- ------------------------------
278.75 280.25 1.50 0.010 16.6 5749 74 659
---------------------- ------------------------------
280.25 281.75 1.50 0.020 18.7 4592 68 575
---------------------- ------------------------------
281.75 283.25 1.50 0.015 16.1 4219 74 651
---------------------- ------------------------------
283.25 284.75 1.50 0.038 23.6 3526 7260 909
---------------------------------------------------------------------------
284.75 286.25 1.50 Main Avino Vein less 6.7 2841 22 1225
than
0.005
---------------------- ------------------------------
286.25 287.75 1.50 0.092 49.4 25700 44 2712
---------------------- ------------------------------
287.75 288.70 0.95 0.105 62.5 27200 57 2669
---------------------------------------------------------------------------


Hole ET-08-07 Drilled 150m east of ET-08-04 it did not intersect the Avino vein.

Hole ET-08-08 Drilled approximately 100m east of the ET-08-01 it intersected the main Avino vein 192.95 - 203.25m (10.3m) but gold and silver values were generally low:



---------------------------------------------------------------------------
g/t ppm
From To Length ------------------------------
(m) (m) (m) Description Au Ag Cu Pb Zn
---------------------------------------------------------------------------
192.95 194.45 1.50 1.456 4.6 318 57 508
---------------------- ------------------------------
194.45 195.95 1.50 0.431 4.4 329 256 502
---------------------- ------------------------------
195.95 197.10 1.15 0.325 13.5 1523 2446 3813
---------------------- ------------------------------
197.10 198.60 1.50 0.100 2.5 133 355 1688
---------------------- ------------------------------
198.60 199.70 1.10 Main Avino Vein 0.048 4.4 101 36 1206
---------------------- ------------------------------
199.70 200.80 1.10 0.046 5.7 69 72 896
---------------------- ------------------------------
200.80 201.75 0.95 0.203 27.2 120 301 627
---------------------- ------------------------------
201.75 203.25 1.50 0.030 6.5 431 43 1048
---------------------------------------------------------------------------


This news release was prepared by Chris J. Sampson, P. Eng., a qualified person under NI 43-101.

Founded in 1968, Avino has established a long record of mining and exploration. The Company's focus is the acquisition and aggressive exploration of top silver prospects throughout North America. Avino remains well funded.

ON BEHALF OF THE BOARD

David Wolfin, President

The TSX Venture Exchange has not reviewed and does not accept the responsibility for the accuracy or adequacy of this release.

Contact Information

  • Avino Silver & Gold Mines Ltd.
    David Wolfin
    President
    (604) 682-3701
    (604) 682-3600 (FAX)
    Email: ir@avino.com
    Website: www.avino.com