ASM Avino Silver And Gold Mines Ltd (delisted)

Avino Silver & Gold Mines Ltd. (TSX VENTURE:ASM)(NYSE
MKT:ASM)(BERLIN:GV6)(FRANKFURT:GV6) ("Avino" or "the Company") is pleased to
announce that it has completed installation and testing on the new 250 tonne per
day ("tpd") circuit ("Circuit 2") at its processing facility located on the
Avino property near Durango, Mexico. 


The new circuit was commissioned on April 11th, 2013 and is currently being used
to process historic surface stockpiled material left from past mining of the
main Avino vein. The Company expects the stockpiles will provide enough mill
feed for approximately seven months of operations. During the third quarter of
2012, Circuit 1 (250 tpd) produced 50,074 ounces of silver equivalent
(calculated) from the same stock piles, Avino expects output will be similar
from Circuit 2. After the historic stockpiles have been depleted, the new
circuit will have the ability to process additional mill feed from the San
Gonzalo and Avino Mines as they are developed at depth. The circuit could also
be used for toll milling and to potentially process material from other high
priority targets elsewhere on the property once further exploration and
development has been completed. 


Estimated and rounded data from the first week of production are as follows:



--  Average daily throughput: 205 tpd 
--  Average feed grades: 85 g/t Ag, 1 g/t Au 
--  Metallurgical Recoveries: 67% for silver and 54% for gold 
--  Concentrate Grades: 3,600 g/t silver and 32 g/t gold 



Circuit 2 brings the current processing capacity at the plant to 500 tpd. Avino
plans to further expand the plant to 1,500 tpd with the re-commissioning of an
additional 1,000 tpd circuit ("circuit 3") to be completed in 2014 which will be
used to treat new material from the historic main Avino mine. 


In order to start production next year, the Avino Mine is currently being
de-watered. New underground earth moving machinery will be acquired and financed
through Caterpillar using a $5 million credit facility announced in December
2012 (see news release dated Dec 20th, 2012)


About Avino

Founded in 1968, Avino's mission is to create shareholder value through
profitable organic growth at the historic Avino property near Durango, Mexico.
We are committed to managing all business activities in an environmentally
responsible and cost-effective manner while contributing to the well-being of
the community in which we operate.


Avino's key goal is to become a significant low-cost primary silver producer
with specific objectives to: 1) expand resources and reserves, 2) increase the
mine's output, and 3) identify, explore and develop new targets on the property.


ON BEHALF OF THE BOARD

David Wolfin, President & CEO

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 Reform Act of 1995, including our belief as to the extent
and timing of various studies including the PEA, and exploration results, the
potential tonnage, grades and content of deposits, timing and establishment and
extent of resources 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. 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, 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 and 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.



FOR FURTHER INFORMATION PLEASE CONTACT: 
Avino Silver and Gold Mines Ltd.
David Wolfin
604.682.3701
604.682.3600 (FAX)
ir@avino.com
www.avino.com

Avino Silver & Gold Mines Ltd. (TSXV:ASM)
Historical Stock Chart
From Jun 2024 to Jul 2024

Avino Silver & Gold Mines Ltd. (TSXV:ASM)
Historical Stock Chart
From Jul 2023 to Jul 2024