Avante Mining Commences Field Work at Pipestone Property
1890 – 1075 West Pender Street, Vancouver, BC V6E 3C9
Tel: 604-687-2038 Fax: 604-687-3141
Avante Mining Commences Field Work at Pipestone Property
Vancouver, BC / December 4, 2023 - Avante Mining Corp. ("Avante" or the "Company") ( T S X V: AVA)
(OTCPK: ACPRF) (FSE: P210), a Canadian nickel-focused exploration company, is pleased to announce
that is ha s initiated field work on the Pipestone Nickel Project located in central Newfoundland ( the
“Pipestone Project” or the "Property").
The Company has commenced a preliminary sampling and mapping program to confirm historically
significant mineralization identified on the Property. Historical drilling re -assayed in 2012 (NFLD/3284)
confirmed consistent and highly elevated nickel with 0.22% Nickel (Ni) over the entire length of two
drillholes that were re-sampled, including one intercept 0.22% Ni over the entire hole length of 87.15 metres
in DDH78-AL-1 located in the norther portion of the Property area. The Company sees the opportunity to
identify broad areas of similar or better nickel mineralization that could contain magnetically recoverable
nickel (awaruite) and/or sulfide-nickel mineralization through a focused exploration strategy.
Project Highlights:
• Work is now underway, Avante is the first company to target awaruite in this region since 2012;
• Highly elevated historical drilling re-assaying up to 0.27% Ni and 0.22% Ni over 87.15 metres;
• Till sampling, mapping, and sampling indicate highly elevated nickel and awaruite is present in the
project area, which will allow Avante to accelerate through early-stage exploration on the Property;
• Critical mineral focus, with potential for nickel and chromium alongside other potential metals;
• The Pipestone Project consists of 161 claims encompassing 40.25 square kilometres of ground;
• Good infrastructure with existing r oad access extending onto the Property and a hydroelectric
generating station located approximately 20km south of the Property;
Figure 1: Company geologist Michael Piller examining ultramafic rock outcropping on the Pipestone
Project, 2023.
1890 – 1075 West Pender Street, Vancouver, BC V6E 3C9
Tel: 604-687-2038 Fax: 604-687-3141
Adrian Smith, CEO comments, “The project covers a significant portion of a 30-plus-kilometre belt of
nickel bearing ultramafic “ophiolitic” rocks which have been confirmed to host a naturally occurring nickel-
iron alloy. This style of nickel mineralization uniquely occurs with other critical minerals and provides us
with a unique opportunity to identify a bulk tonnage nickel deposit , potentially containing significant
amounts of nickel that could be mined in an environmentally friendly process, meaning significantly less
carbon output compared to other nickel producers globally.”
Figure 2: Piller 2012 - fine grained awaruite within ultramafic sample from the Atlantic Lake area, northern
Pipestone Project area.
Avante is the first exploration company to target awaruite nickel mineralization at the Pipestone Project
since the project was identified in a joint effort between Cliffs Natural Resources Inc. (“Cliffs”) and Altius
Resources Inc. (“Altius”) in 2012. The 2012 project was a culmination of a two -year generative program
under the Cliffs -Altius alliance, concluding “the Pipestone Ni alloy Property represents the most
encouraging awaruite project on the island of Newfoundland” (NFLD/3284). Following this work, poor
market conditions and Cliff’s financial issues left the project to lapse and saw no significant work over the
subsequent years. Recently a growing demand for nickel and the increasing incentives to produce metals
with a low to carbon neutral footprint makes identifying large scale awaruite deposits a strategic investment
opportunity.
Avante is now in the process of completing field mapping and sampling alongside a n extensive data
compilation program to build on the work completed by previous operators including Cliffs and Altius
whom successfully identified highly elevated values of nickel and awaruite. Initial testing will target areas
where previous drilling and sampling identified appreciable grades of nickel and awaruite using a technique
of magnetic separation of the ferro magnetic nickel iron alloy. The success of this initial program will lead
to the development of a drilling program targeting a bulk tonnage source of green nickel.
Adrian Smith continues , “We see Newfoundland as a top jurisdiction for mining with a supportive
government and access to important low-cost hydro electric power. Newfoundland has a growing natural
resource economy and is well positioned geographically to supply critical minerals for new Canadian and
US battery plants and the stainless-steel industry in Europe and the US.”
1890 – 1075 West Pender Street, Vancouver, BC V6E 3C9
Tel: 604-687-2038 Fax: 604-687-3141
Figure 3: Pipestone Project Claim Location Map
Pipestone Project target mineralization includes bulk tonnage mineralization with in ultramafic rocks
containing a high primary nickel content. These rocks are naturally altered to convert the primary nickel
into either a nickel -iron alloy (awaruite) or a nickel-sulphide, where areas of awaruite mineralization
represent an opportunity for a “green” nickel source . Awaruite deposits such as FPX Nickel’s PFS level
Baptiste Project have been validated by investment from the Canadian government, Finish steel producer,
Outokumpu and Japanese JOGMEC, Toyota Motor Company, and Panasonic Corporation.
1890 – 1075 West Pender Street, Vancouver, BC V6E 3C9
Tel: 604-687-2038 Fax: 604-687-3141
Disclosure
The Company has not independently verified the historic samples reported in this release but has received
data from the previous property owners and from the Government of Newfoundland and Labrador’s online
database.
Adrian Smith, P.Geo., is a qualified person as defined by NI 43-101. 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 (P .Geo.). Mr. Smith has reviewed and approved the technical
information disclosed herein.
References
Piller, M. 2012. ‘An Examination of Awaruite (Ni3Fe) Formation During Serpentinization of the
Pipestone Pond Ophiolitic Complex in the Atlantic Lake Area, Central Newfoundland’: Unpublished BSc.
(Hons.) Dissertation, Memorial University of Newfoundland.
https://fpxnickel.com/2023/01/fpx-nickel-commences-preliminary-feasibility-study-on-the-baptiste-
nickel-project-2/
About Avante Mining Corp.
Avante Mining Corp. (TSXV: A V A) (OTCPK: ACPRF) (FSE: P210) is a mining exploration company
focused on developing high-value geographically significant projects including the V oisey’s West and the
Pipestone Project . Avante is paving the way by combining quality projects with proven exploration
strategies and a dedicated team to achieve exceptional outcomes.
The Company’s V oisey’s West project is located in the same intrusive complex as the world class V oisey's
Bay Nickel mine where reported remaining proven and probable reserves include 32.4 million tonnes of
2.13% nickel, 0.96% copper, 0.13% cobalt, and additional measured and indicated 10.3 million tonnes of
0.87% nickel, 0.65% copper, 0.04% c obalt. It represents one of the most competitive nickel operations
globally.
The Pipestone Project represents one of the rare awaruite projects globally which are a focus in the
development of large-scale bulk tonnage nickel targets that have low carbon emission profiles and are very
attractive to steel produces looking to reduce their carbon output.
A V ANTE MINING CORP.
For more information, please call Adrian Smith, CEO, at 1-778-331-3816, email [email protected],
or visit www.avantemining.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking statements:
This news release may include "forward -looking information" under applicable Canadian securities
legislation. Such forward-looking information reflects management's current beliefs and are based on a
number of estimates and/or assumptions made by and information currently available to the Company that,
while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors that
may cause the actual results and future events to differ materially from those expressed or implied by such
forward-looking information. Readers are cautioned that such forward- looking information are neither
promises nor guarantees and are subject to known and unknown risks and uncertainties including, but not
limited to, general business, economic, comp etitive, political and social uncertainties, uncertain and
1890 – 1075 West Pender Street, Vancouver, BC V6E 3C9
Tel: 604-687-2038 Fax: 604-687-3141
volatile equity and capital markets, lack of available capital, actual results of exploration activities,
environmental risks, future prices of base and other metals, operating risks, accidents, labour issues, delays
in obtaining governmental approvals and permits, and other risks in the mining industry.
The Company is presently an exploration stage company. Exploration is highly speculative in nature,
involves many risks, requires substantial expenditures, and may not result in the discovery of mineral
deposits that can be mined profitably. Furthermore, t he Company currently has no reserves on any of its
properties. As a result, there can be no assurance that such forward -looking statements will prove to be
accurate, and actual results and future events could differ materially from those anticipated in suc h
statements.