NYSE-American: ASM
TSX-V:
ASM
FSE: GV6
VANCOUVER, Dec. 11, 2017 /CNW/ - Avino Silver & Gold Mines Ltd. (TSX.V:
ASM, NYSE-American: ASM, FSE: GV6; "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 Council, 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.
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 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 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
Litigation 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 establishment 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. 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 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 as set forth in our regulatory filings in
Canada and the U.S. 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.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Avino Silver & Gold
Mines Ltd.