Overview

Avino Silver & Gold Mines Ltd. is a Vancouver based mining\exploration company focused on precious and base metals in Mexico and Canada. Avino is currently working to re-activate the Avino mine, an important historical producer of silver, gold, copper, lead, and zinc located in the Durango State of North Central Mexico. Current work is focused on four key goals:
• Expand resources and reserves;
• Reactivate the mill;
• Conduct a 10,000 ton bulk sample on the recently explored San Gonzalo Zone;
• Resume production as quickly as possible

Chief Properties

The Avino Mine

Avino Silver & Gold Mines’ primary asset is the historic Avino Mine located in the Durango province of North Central Mexico. The area was first mined in the 1500’s when Spanish Conquistadors dubbed it the mountain of silver. Small scale mining continued on the property intermittently until the late 19th century when The British began large scale development of the project. Mining continued by the British up until the Mexican revolution of 1912 when foreign companies were forced to flee the country. In 1968 Avino became one of the first Canadian based junior resource exploration companies to form a joint venture partnership with Mexican nationals after the Revolution. Back then by Mexican law foreigners could only own 49% of a property partnership. (Avino has since increased it’s ownership to 89.5%). The mine operated continuously for 27 years between 1972 and 2001 producing 16 million ounces silver, 96 thousand ounces gold and 24 million pounds of copper. When low metals prices and the closure of a key smelter forced the Avino mine to close in 2001, considerable metal along with infrastructure, fresh water and a pool of supportive local labor remained.

With commodity prices significantly improved, Avino has undertaken an extensive program to expand known resources and investigate underexplored areas across its 1347 hectare property with the intent of resuming production. To identify targets Avino has conducted IP Geophysical surveys, soil sampling as well molecular resonance coupling. Between 2006 and 2007 Avino drilled 82 holes totaling over 18 thousand meters. Drilling continues in 2008 with an exploration crew working on the property full time. The areas explored most extensively are the Elena Tolosa (ET zone) and the San Gonzalo (SG zone). The ET zone was the system mined throughout Avino’s 27 year production history; drilling at depth in 2007 produced very promising results. Following the old adage that the best place to look for a new mine is below or beside an old mine, The San Gonzalo zone also exits beneath the workings of a historical producer. Highlights from both zones as well as Avino’s tailings resource follows:

1. San Gonzalo zone
- Completed 40 holes over 9204m in 2007. Drilling highlights include:

• Established 93% recovery rate by bulk floatation sample in 2008;
• NI 43-101
• 4.7 million oz/Ag (444,250 tones @ 332 g/t Ag, 2.61 g/t Au)
• 10,000 tonne bulk sample scheduled for November 2008;
• New 250 t/d circuit currently being added to the mill to accommodate SG ore

2. Elena Tolosa zone
- Completed 18 holes in 2007 and 2008. Drilling highlights include:

• Low cost of production (in 2001 between $3-5 per ounce);
• NI 43-101 resource estimate planned after completion of definition drilling;
• Located directly next to 1200 ton per day capacity mill;
• Historically never explored at depth

3. Tailings Resource- (NI 43-101) 12 million ounces silver, 60,000 ounces of gold remain in the tailings pond from open pit operations prior to 1993 (Based on a study completed by Wardrop Engineering in 2006)

British Columbia Properties (Located in the Historic Bridge River Valley in South Western BC)

Minto – Has been explored intermittently for over 60 years, and several gold and silver-bearing structures are known on the property. Between 1934 and 1940, the Minto Mine produced 17,558 ounces of gold and 50,582 ounces of silver from 88,000 tons of ore.

Avino drilled four diamond core holes in 2006 to explore down dip extensions of gold bearing structures originally discovered trenching on the Minto North Zone in 1985. Drilling was highlighted by an 0.25m intersection in hole #MO-06-01 that graded 45.4 g/t Au.
Olympic – Past drilling in the area on a zone called the Margarita Zone returned 24 g/t gold over 0.85 meters within a wider intersection of 8.2 g/t gold over 3.48 meters. The true width of this zone was estimated at 1.47 meters.
Aumax – The large Aumax Property, located 16 kilometers southwest of Lillooet, covers nearly 10 square kilometers. Prospecting since 1999 has resulted in high-grade silver and gold assays in soil, rock and trench samples. Silver values have ranged as high as 617.4 g/ton with gold assays up to 10.29 g/t. Further exploration, now under evaluation, would include trenching and possible diamond drilling.

Yukon Territories (Eagle Property)

Located in the historic Keno Hill District, the Eagle Property has produced very high assays for silver since exploration first occurred there in 1964. This discovery became known as the Eagle Vein, and it clearly justified further exploration. A study carried out in August 2002 recommended geochemical and geophysical exploration would follow based on the success of the initial work.

Management

• David Wolfin – President & Director
• Loius Wolfin – Founder & Director
• Lloyd Andrews – Director
• Michael Baybak – Director
• Gary Robertson – Director
• Chris Sampson – Consulting Geologist
• Vic Chevillon – Head Geologist & Director
• Jasman Yee – Chemical Engineer

Media Links

CEO Clips
The Melman Report
Howlett Research Corp.
Fundamental Research Corp.
Investor Digest
Richmond Club Interview
Biography Channel Interview

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