Avante Mining Assays up to 1.85% of Nickel from Historic Core Samples and Receives Drilling Permits at the TL Nickel Project
810 – 789 West Pender Street, Vancouver, BC V6C 1H2
T e l : 604-687-2038 Fax: 604-687-3141
Avante Mining Assays up to 1.85% of Nickel from Historic Core Samples and
Receives Drilling Permits at the TL Nickel Project
Vancouver, BC, July 6, 2023 - Avante Mining Corp. (" Avante" or the " Company" ) ( T S X V : A V A ) , i s
pleased to report results from its sampling program of historic al core from the TL Nickel Project (the
“Property”) located 50km northwest of the V oisey’s Bay Nickel mine, in Newfoundland and Labrador (see
press release dated May 31, 2023). The sample results included high grade values up to 1.85% Nickel (Ni)
over 0.9 metres from one of the high-grade intervals with a weighted average of 1.28% Ni over 4.4 metres.
Sampling targeted 1995 and 1996 drilling with the assistance of the Provincial geologist. Avante staff laid
out the historic diamond drill holes and compared the original drill logs to the core. Where a minimum of
half-core existed, samples were collected through mineralized z ones including shoulder samples into the
regional sedimentary and mafic gneisses that host the mineraliz ed mafic intrusive zones. Mineralization
consisted of disseminated and lo calized clots of pyrrhotite-cha lcopyrite-pentlandite hosted in fine to
medium grained gabbroic dykes.
The Company has now verified the grades from these reports and has confidence that the work was done
to a high standard adding a more complete image of the differen t zones of mineralization on the project.
The PGE+Au grades are consistent with 2008 drilling conducted by Nortec Ventures Corp in the Long Pond
and All-About-It zones which show up to 1.02% Ni, 0.51% Cu, 0.0 3% Co, and 0.35 g/t PGE+Au over 14
metres ( see press release dated May 31, 2023 ). Strengthened confidence in historic assays highlights
approximately 1km of explored strike length of a 2.5km long section of geophysical anomaly located within
the Avante claim block including internal pockets of untested ground.
Table 1: New assay results from historic core which confirm high grades of Nickel and Copper.
Hole From (m) to (m) Int (m) Au (ppb) Pt (ppb) Pd (ppb) Co % Cu % Ni %
C1-2 20.0 24.0 4.0 75 55 141 0.02 0.44 0.66
C1-2 incl. 20.0 21.0 1.0 51 102 152 0.02 1.20 0.71
C1-2 and incl. 22.0 23.0 1.0 136 9 262 0.03 0.29 1.09
C1-4 10.0 16.0 6.0 30 24 82 0.01 0.19 0.40
C1-4 incl. 12.0 14.0 2.0 40 7 153 0.02 0.18 0.64
C1-4 and incl. 12.0 13.0 1.0 36 12 184 0.02 0.24 0.77
C1-4 34.0 40.0 6.0 67 93 109 0.01 0.12 0.45
C1-4 incl. 35.0 39.0 4.0 82 122 127 0.02 0.14 0.51
C1-4 and incl. 35.0 36.0 1.0 107 95 152 0.02 0.18 0.61
C3-2 15.5 22.0 6.5 61 154 190 0.03 0.27 1.02
C3-2 incl. 16.5 21.4 4.9 68 63 218 0.03 0.33 1.22
C3-2 and incl. 16.5 20.9 4.4 42 18 228 0.04 0.16 1.28
C3-2 and incl. 16.5 17.4 0.9 39 2 374 0.05 0.25 1.85
C3-2 and incl. 18.0 19.0 1.0 30 10 223 0.04 0.14 1.48
C3-2 and incl. 19.9 20.9 1.0 29 19 259 0.04 0.13 1.43
C3-2 incl. 21.4 22.0 0.6 27 1059 39 0.01 0.05 0.22
C3-2 35.0 37.0 2.0 37 31 93 0.02 0.18 0.55
C3-2 incl. 36.0 37.0 1.0 40 20 132 0.02 0.20 0.70
810 – 789 West Pender Street, Vancouver, BC V6C 1H2
T e l : 604-687-2038 Fax: 604-687-3141
C1-2 (Long Pond Area) originally reported as 0.72% Ni, 0.38% Cu , 0.02% Co, over 3.72m (Consolidated
Magna Ventures Ltd. and Consolidated Viscount Resources Ltd.). Re-sampling assays graded 0.66% Ni,
0.44% Cu, 0.02% Co over 4 metres, with individual assays grading 1.2% Copper and 1.09% Nickel.
C1-4 (Long Pond Area) originally reported as 0.63% Ni, 0.35% Cu , 0.02% Co over 3.48m (Consolidated
Magna Ventures Ltd. and Consolidated Viscount Resources Ltd.). Re-sampling assays graded 0.45% Ni,
0.12% Cu, 0.01% Co over 6m, with individual assays grading up to 0.77% Ni, 0.24% Cu.
C3-2 (All About It Area) originally reported as 1.15% Ni, 0.42% Cu, 0.04% Co over 5.23m (from 15m
downhole) (Consolidated Magna Ventures Ltd. and Consolidated Vi scount Resources Ltd.). Re-sampling
assays graded 1.22% Ni, 0.33% Cu, 0.3% Co over 4.9 metres with individual assays grading up to 1.84%
Copper and 1.85% Nickel.
C3-2 historically reported interval of 23.7 meters was not fully resampled, however, the resampling results
confirm the reported grades within the intervals that were resa mpled and confirms that the sampling
procedures at the time were adequate and allows the verification of the reported interval grading 0.47% Ni,
0.16% Cu, 0.02% Co over 23.7 metres. The final 2 metres of this interval from the reported section ended
with 0.55% Nickel in the Company’s assays of the historic core which matches well with the historically
reported grades.
The presence of nickel-copper-cobalt-PGE sulphide mineralizatio n within structurally controlled mafic
intrusive rock suggests a similarity to the V oisey's Bay and other sulphide-bearing mafic intrusives within
the Nain Plutonic Suite. The imminent drilling program at the TL Nickel project aims to help elucidate the
nature of this system, its structural controls and source of mineralization.
Project Update
The Company is also pleased to report that is has received perm its for exploration and drilling and has
begun to mobilize crew to the Property to begin preparations for the upcoming programs.
"The results received from the historical core underscore the p otential for economic grades of
mineralization on the Property," said Adrian Smith, CEO of Avante. "These results confirm the historically
reported grades, and when paired with the compilation work that the Company has now completed,
including the remodelling of all historical data and geophysical surveys, lay a foundation for the next phase
of exploration and drilling which is expected to begin in July."
About the TL Nickel Project
The Property is located 50km northwest from the V oisey’s Bay Nickel mine in the Churchill Province of
Labrador and consists predominatel y of quartz-feldspathic and m etasedimentary gneisses derived from
plutonic and sedimentary rocks. The rocks are intruded by the m ulti-phase, Nain Plutonic Suite (NPS)
composed primarily of anorthosite, troctolite, diorite and granitoids.
Following the discovery of V oisey’s Bay deposit, enhanced regional prospecting led to the discovery of
three pyrrhotite-chalcopyrite-pyrite showings located on the Property, namely, the Long Pond, All About-
it, and No Baccy. Initial surface grab samples from the Long Po nd and All About-it Showings returned up
to 1.36% Ni and 0.58% Cu, and 1.05% Ni and 1.53% Cu respectively. Initial chip sampling at the No Baccy
Showing returned up to 0.71% Ni and 0.85% Cu over 2.3 metres (Saunders & Scott, 2003). Work continued
on the Property through 1995-1996 and 2001-2008 which resulted in the identification of a primary
mineralized corridor occurring over approximately 2.5 kilometres centered on the Property.
810 – 789 West Pender Street, Vancouver, BC V6C 1H2
T e l : 604-687-2038 Fax: 604-687-3141
Disclosure
32 samples were collected from these three holes and submitted to Eastern Analytical, an ISO 17025
certified lab, accredited and ope rating independently of Avante, for comprehensive analysis. Each sample
was crushed to 80% - 10 mesh after which 250g was pulverized to 95% 150 mesh. 30g subsamples were
analyzed by fire assay with ICP-MS finish for gold, platinum, a nd palladium. All samples were also
analysed for 34-element trace geochemistry where 200mg subsamples were totally dissolved in four acids
and analysed by ICP-OES. Concentrations exceeding the upper det ection limits for Ni, Cu, or PGEs were
subjected to a multi-acid digestion and atomic absorption finish.
Some results presented in this release are considered historic in nature. The qualified person for the
Company has not verified the historic sample analytical data di sclosed within this release. While the
Company has obtained all historic records, including analytical data from the previous owners of the
Property and from various govern ment databases, the Company has not independently verified all of the
results of the historic sampling.
Adrian Smith, PGeo, is a qualif ied person as defined by NI 43-1 01 for the Property. The qualified person
is a member in good standing of the Professional Engineers and Geoscientists Newfoundland and Labrador
(PEGNL) and is a registered professional geoscientist (PGeo). M r. Smith has reviewed and approved the
technical information disclosed herein.
About Avante Mining Corp.
Avante Mining Corp. (TSXV: ACP) is a Canadian based exploration company. Avante owns the option for
a 100% interest in the TL Nickel Project, which is located 50km from the world class V oisey's Bay Nickel
mine in Labrador, Canada, which includes nickel grades in excess of 1% Nickel. The Company also owns
the LMSL Copper Gold & Silver Project in British Columbia, and holds other highly prospective
exploration projects in Canada. The Company is focused on creat ing shareholder value through new
discoveries and strategic development of its mineral properties . For further information, please visit
http:/avantemining.com/
The forward-looking statements contained in this pr ess release are made as of the date hereof and Avante
Mining Corp. undertakes no obligations to update public ly or revise any forward-looking statements or
information, whether as a result of new information, future events or otherwise, unless so required by
applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts res ponsibility for the adequacy or accuracy of this
release.
CONTACT INFORMATION:
Adrian Smith, CEO and Director
Contact 1-778-331-3816