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ASM Avino Silver And Gold Mines Ltd (delisted)

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Share Name Share Symbol Market Type
Avino Silver And Gold Mines Ltd (delisted) TSXV:ASM TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Avino Provides Update on San Gonzalo Bulk Sample and 2011 Drill Program

18/02/2011 12:00pm

Marketwired Canada


Avino Silver & Gold Mines Ltd. (TSX
VENTURE:ASM)(OTCBB:ASGMF)(BERLIN:GV6)(FRANKFURT:GV6) is pleased to announce that
processing of the San Gonzalo bulk sample began on January 18, 2011. The monthly
totals to February 11th, were 1550 tonnes milled for production of 47 tonnes of
concentrate grading 8.4 kg/t silver. Average month to date silver feed grade for
February was 329 g/t at 77% recovery. This feed grade result is similar to the
estimated resource grade of 332 g/t in the NI 43-101 report by Orequest 2009.
Gold results are pending from the accredited lab of SGS in Durango, Mexico.
Silver assays are from the on-site laboratory using aqua regia digestion
followed by AA spectroscopy. Weekly check samples for silver and gold are sent
to SGS, Durango.


Silver recovery of 77% was an improvement over January results of 70% when 1793
tonnes were processed for the production of 72 tonnes of concentrate grading 5
Kg/t silver and 28.3 g/t gold. The mineralized zone where the bulk sample has
been extracted is partially oxidized and near the surface. Efforts are
continuing to be made at the plant to improve the recovery.


The test marketing of the concentrate is currently underway. All interested
parties have been sent samples for evaluation. Proposals are expected soon with
a decision to be made late February or early March.


As announced in the February 2nd news release, Avino's 2011 drill program
started January 27 and by February 11th the first 3 core holes totaling 341 m
had been completed. All three holes targeted the San Gonzalo vein between the
presently mined area and the intersection in hole SG-07-33. (116.15m - 122.7 m
(6.55 m down hole) 0.76 g/t gold and 141 g/t silver).


The holes intersected the San Gonzalo vein as follows:



--------------------------------
SG-11-01         76.75 - 79.80 m
--------------------------------
SG-11-02        119.8 - 122.45 m
--------------------------------
SG-11-03         80.95 - 83.50 m
--------------------------------
(all down holes lengths)



Locations of the holes can be viewed on plan and section maps on Avino's
website, http://www.avino.com/i/pdf/AvinoNRFeb0211.pdf. Assay results from these
holes are not yet available.


ON BEHALF OF THE BOARD

David Wolfin, President

This release contains statements that are forward-looking statements and are
subject to various risks and uncertainties concerning the specific factors
disclosed under the heading "Risk Factors" and elsewhere in the Company's
periodic filings with Canadian securities regulators. Such information contained
herein represents management's best judgment as of the date hereof based on
information currently available. The Company does not assume the obligation to
update any forward-looking statement.


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