Avino Silver & Gold Mines Ltd

Avino Reports 4.74 Million Ounce
Silver Resource From San Gonzalo Zone

       VANCOUVER, BC, July 25, 2008 - Avino Silver & Gold Mines Ltd. ("Avino" or the "Company") is pleased to announce the completion of the first NI 43-101 resource calculation from the company's San Gonzalo deposit at the Avino Mine holdings near Durango in west-central Mexico. The inferred resource, compiled by Dave Gunning, P.Eng., of Orequest Consultants Ltd. ("Orequest"), concerns the San Gonzalo vein only. Orequest estimated the resource contained 4.75 million ounces of silver and 37,300 ounces of gold, calculated as follows: 444,250 tonnes; Ag 332 g/t; Au g/t 2.61; Zinc 1.5%; Lead 1.0%.
       The figures were compiled from surface drilling at San Gonzalo (January to December 2007, 40 holes, 9,204 metres), which produced some significant silver intersections as reported in our May 26, 2008 news release.
       In his report to Avino, Dave Gunning noted: "Polygons were created around drill holes based on a cutoff grade of 150 grams per tonne equivalent silver (a 50:1 ratio of gold to silver was used) and minimum vein thicknesses of 1.2 metres. The average density measured by staff was 2.64 which was used to calculate polygonal tonnage. Individual high-grade samples (a total of 4) were cut to 1500 g/t silver."
       Gunning also reported that approximately 43,000 tonnes of material surrounded the existing San Gonzalo mine workings which, based on historic sample results, was estimated to grade 596 g/t silver. No gold assays were available, and the results could not be verified nor could the actual outlines of the workings. Recent drilling has, however, helped to validate the grades. This tonnage will remain historic in nature until further development can make the figures more reliable.
       "We are extremely encouraged by the San Gonzalo resource figures," said Avino President David Wolfin. "This area of the property holds significant expansion potential, and we will focus our near-term exploration on both upgrading and increasing the current resource."
       Based on the results, Avino is proceeding with a 10,000-tonne bulk sample of San Gonzalo ore. The bulk sample will confirm grade and tonnage of a specific block of ground in the core of the deposit and compare grade with that from the surface drilling. It will also provide concentrate for testing at various smelters. Concurrently, the company is re-commissioning the Avino mill to process the sample at the rate of 250 tonnes per day.
       This news release was reviewed by Dave Gunning, P.Eng., a qualified person under NI 43-101.
       Founded in 1968, Avino has established a long record of mining and exploration. The Company's focus is the acquisition and aggressive exploration of top silver prospects throughout North America. Avino remains well funded.
       For more information on Avino Silver & Gold Mines Ltd., contact David Wolfin, President, at (604) 682-3701, Fax: (604) 682-3600. Email: ir@avino.com or visit the website at www.avino.com
.


Special Note Regarding Forward-Looking Statements-Certain statements in Gold Stock News Mining Stocks Updates constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following: risks inherent in restrictions of foreign ownership; uncertainties relating to carrying on business in foreign countries; the Company's history of operating losses and uncertainty of future profitability, uncertainty of access to additional capital environmental liability claims and insurance; and dependence on joint venture partners. Certain forward-looking statements will be identified by a cross-reference to the Special Note. Forward-looking statements are typically identified by the words: believe, expect, anticipate, intend, estimate and similar expressions, or which by their nature refer to future events. The Company cautions investors that any forward-looking statements made by the company are not guarantees of future performance, and that the actual results may differ materially from those in the forward-looking statements as a result of various factors, including but not limited to, the Company's ability to be able to continue its substantial projected growth, or be able to fully implement its business strategies, or that management will be able to successfully integrate the operations of its various acquisitions.

GOLD STOCK NEWS
Copyright 2008 | All Rights Reserved
Reproduction in whole or part is strictly prohibited without prior written permission
NOTE: Gold Stock News does not itself endorse or guarantee the accuracy or reliability of information, statements or opinions expressed by any individuals or organizations posted on this site
PLEASE READ DISCLAIMER
Web Site Designed & Maintained by
  
Gemini Communications

  in association with
  
THE BULL & BEAR
INTERNET DIVISION

1-800-336-BULL