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VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/29/13 -- Avino Silver & Gold Mines Ltd. (TSX VENTURE: ASM)(NYSE MKT: ASM)(FRANKFURT: GV6) ("Avino" or "the Company") is pleased to provide the following update of activities at its San Gonzalo Mine 80 km North East of Durango, Mexico.
San Gonzalo Development
Avino continues with underground development extending the decline from level 4 to level 5. The decline has advanced approximately 320 metres with 47 metres remaining to reach the level 5 elevation of 2,130 metres.
This week, Avino received several new pieces of equipment from Caterpillar which will speed up the ramp advance to level 5. The new equipment was purchased using Avino's new credit facility through Caterpillar announced in the news release dated December 20th, 2012. The new equipment includes:
-- Scoop tram-- Jumbo-- Loader
On the level 4 (elevation 2,175 metres) of the San Gonzalo mine, Avino has been mining both to the NW and SE of the bottom of the old shaft. Avino now has sample assay results from 157 metres of the vein NW of the shaft and 197 metres SE of the shaft. Avino is still waiting for assays from approximately 32 metres at the end of the SE section.
Avino staff channel sample the face after each round. These samples are analyzed for silver, gold, copper, lead and zinc by fire assay and AA methods at the Company's lab at the mine, providing an estimate of vein width and grade. Channel samples are then taken from the back and sent to be assayed by Inspectorate Labs for public release in compliance with NI 43-101 (Refer to assay methods in QA/QC section below). The lengths sampled to date are as follows:
----------------------------------------------------------------------------North West of Cross Cut (old shaft)----------------------------------------------------------------------------Length along Average Silver Gold Copper Lead Zinc vein (m) Width (m) (g/t) (g/t) (ppm) (ppm) (ppm)----------------------------------------------------------------------------27.89 1.88 702 3.45 740 8,260 10,810----------------------------------------------------------------------------14.14 1.46 85 0.72 330 4,810 8,400----------------------------------------------------------------------------49.29 2.07 494 2.54 790 14,820 26,100----------------------------------------------------------------------------10.18 2.22 1,380 3.24 1,180 9,420 21,120----------------------------------------------------------------------------27.50 1.91 335 1.37 700 7,180 13,350----------------------------------------------------------------------------9.38 1.47 34 0.19 190 2,440 5,630----------------------------------------------------------------------------18.54 1.26 226 0.78 300 2,760 4,860----------------------------------------------------------------------------156.92--------------------------------------------------------------------------------------------------------------------------------------------------------South East of Cross Cut (old shaft)----------------------------------------------------------------------------Length along Average Silver Gold Copper Lead Zinc vein (m) Width (m) (g/t) (g/t) (ppm) (ppm) (ppm)----------------------------------------------------------------------------4.6 1.47 13 0.09 110 1,660 2,080----------------------------------------------------------------------------30.72 2.41 483 2.66 642 7,390 17,026----------------------------------------------------------------------------16.89 1.38 61 0.40 710 1,690 2,490----------------------------------------------------------------------------8.07 1.08 87 0.62 510 2,480 7,140----------------------------------------------------------------------------16.34 1.18 23 0.14 180 1,290 2,690----------------------------------------------------------------------------9.0 1.29 197 0.46 690 4,200 4,790----------------------------------------------------------------------------7.29 1.30 97 0.76 630 5,350 11,390----------------------------------------------------------------------------6.19 1.46 43 0.21 200 800 2,300----------------------------------------------------------------------------24.37 1.87 1,141 3.28 800 4,600 6,700----------------------------------------------------------------------------13.53 1.32 400 1.39 500 2,400 6,000----------------------------------------------------------------------------4.77 0.88 72 0.79 600 600 1,500----------------------------------------------------------------------------4.47 1.67 226 1.00 1,100 2,200 2,200----------------------------------------------------------------------------7.98 2.40 1,336 11.32 1,300 6,600 5,500----------------------------------------------------------------------------10.85 2.49 281 1.26 400 2,500 5,500----------------------------------------------------------------------------12.09 1.25 137 0.71 500 1,300 2,700----------------------------------------------------------------------------4.33 1.75 201 1.05 800 1,600 2,000----------------------------------------------------------------------------7.37 1.10 367 0.93 800 1,800 3,200----------------------------------------------------------------------------7.82 1.88 433 1.18 600 1,800 5,100----------------------------------------------------------------------------196.68----------------------------------------------------------------------------
