Avante Mining Cuts 24 metres of Visible Sulfides at the Voisey’s West Project
810 – 789 West Pender Street, Vancouver, BC V6C 1H2
Tel: 604-687-2038 Fax: 604-687-3141
Avante Mining Cuts 24 metres of Visible Sulfides at the Voisey’s West Project
Vancouver, BC, August 21, 2023 - Avante Mining Corp. ("Avante" or the " Company") (TSXV: A V A), is
pleased to announce that it has intersected a 24-metre interval with visible sulfides and visually identified
pentlandite, a nickel sulfide, at the Company’s V oisey’s West nickel project (the “V oisey’s West” or the
“Project”). The Project is located in the same intrusive complex as the nearby V oisey’s Bay mine and 70km
west of the town of Nain, Labrador, Canada.
Highlights
• First drilling into new zone visually identified nickel sulfide in pyrrhotite, 30 metres north of the
northernmost drill intersection with significant sulfides to date.
• 2.5km trend containing multiple high-grade nickel zones.
• 340 meters north of drillhole intersection showing 14 metres at 1.02% nickel, 0.51% copper and
0.03% cobalt (08-AA-60)
• 950 meters north of drillhole intersection showing 5 metres at 1.28% nickel, 0. 52% copper, and
.03% cobalt (08-LP-55)
• Multiple targets remain open for expansion and show potential for additional new discoveries.
• Magmatic nickel sulphide style of mineralization, similar to V oisey’s Bay.
Adrian Smith, CEO of the Company commented, “With this new discovery, we have validated our structural
and geophysical exploration model and are excited to continue with further drilling on this and additional
untested targets.”
Figure 1: New drill core from VW-23-03 showing partial section from 15 metres to 24 metres. Interval of
visual sulfides with pyrrhotite and visually identified interstitial chalcopyrite and pentlandite within the
pyrrhotite showing disseminated to blotchy and net-texture. Bottom contact at 45 degrees.
810 – 789 West Pender Street, Vancouver, BC V6C 1H2
Tel: 604-687-2038 Fax: 604-687-3141
Figure 2: Drill hole VW-23-03 section from 1 to 4 meters downhole showing disseminated coarse patches
of pyrrhotite with visually identified interspersed chalcopyrite and pentlandite within pyrrhotite.
The new drill hole (VW -23-03) has discovered a new zone of mineralization 30 metres north of the No
Baccy zone. The hole is drilling away from previous holes NB -08-64 and NB-08-65 which intersected 1
meter of 1.47% Nickel, 0.28% Copper, 0.03% Cobalt, and 1 me tre of 1.2% Nickel, 1.04% Copper, 0.03%
Cobalt respectively. The new hole is testing a VTEM conductor and is the furthest north drillhole on the
Project to identify significant sulfides mineralization in drilling to date.
The newly discovered zone in hole VW-23-03 was collared into shallow till cover targeting a VTEM
anomaly intersected a mottled gabbro intrusive with pervasive sulfides beginning at the bedrock contact.
Company geologists have visually identified the sulfides as pyrrhotite with intersperse d chalcopyrite and
pentlandite. These sulfides occur as fine-grained disseminations to semi-massive net-textured aggregates.
Figure 3: Close up core photo from VW-23-03 at 23.4 metres down hole showing sulfide matrix net-texture.
810 – 789 West Pender Street, Vancouver, BC V6C 1H2
Tel: 604-687-2038 Fax: 604-687-3141
The bottom contact of the mineralized interval in hole VW-23-03 is at 45 degrees to core axis, however the
true thickness or extent of the zone is not known, additional drilling will aim to better define the orientation
and extent.
Drill hole VW-23-01 identified minor sulfide mineralization and is being processed and sampled. Drill hole
VW-23-02 was lost due to weather delays causing the drill rods to be stuck and lost down hole prior to
reaching the anticipated target depth.
The Company plans to provide further updates on the drilling as additional information becomes available.
The Company is working to log and sample the core and will be sending samples for analysis to a Canadian
accredited laboratory for complete multi-element analysis withfurther updates to follow.
Adrian Smith continues , “Magmatic sulfide ore deposits are known for being some of the worlds most
valuable metal accumulations and become physically concentrated within magma reservoirs and flow
pathways. At V oisey’s West, we believe we are seeing evidence of these pathways, which by their nature
are deep seeded conduits potentially connected to magma chambers with additional accumulation at depth.
We are excited to discover a new previously unknown zone near surface and believe there is much more to
be discovered at V oisey’s West.”
About the Voisey’s West Project
The V oisey’s West is located 50km from, and within the same intrusive complex and geological setting as
the world class V oisey’s Bay nickel mine.
The Property is in the Churchill Province of Labrador and underlain predominately by quartz-feldspathic
and metasedimentary gneisses derived from plutonic and sedimentary rocks. The rocks are intruded by the
multi-phase, Nain Plutonic Suite (NPS) composed primarily of anorthosite, troctolite, diorite and granitoids
and are known to host nickel-sulfide mineralization.
Following the discovery of V oisey’s Bay deposit, enhanced regional prospecting led to the discovery of
three pyrrhotite-chalcopyrite-pyrite-pentlandite showings located on the V oisey’s West, namely, the Long
Pond, All-About-It and No Baccy. Initial surface grab samples from the Long Pond and All -About-It
showings returned up to 1.36% Ni ckel and 0.58% C opper, and 1.05% Ni ckel and 1.53% C opper
respectively. Continued work led to the identification of a primary mineralized corridor occurring over
approximately 2.5 kilometres and multiple high-grade nickel drill intersections up to 14 metres of 1.02%
Nickel, 0.51% Copper and 0.03% Cobalt.
Disclosure
Some results presented in this release are considered historic in nature. The qualified person for the
Company has not verified all of the historic sample analytical data disclosed within this release. While the
Company has obtained all historic records, i ncluding analytical data from the previous owners of the
V oisey’s West and from various government databases, the Company has not independently verified all of
the results of the historic sampling. See news release dated July 6, 2023 , for information on confirmation
sampling completed by the Company.
Adrian Smith, P.Geo., is a qualified person as defined by NI 43 -101 for the V oisey’s West project. 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.
810 – 789 West Pender Street, Vancouver, BC V6C 1H2
Tel: 604-687-2038 Fax: 604-687-3141
Approval of Rolling Stock Option Plan
The Company also announces that its shareholder s approved all resolutions, including the ratification of
the Company’s rolling stock option plan, at the annual general meeting of shareholders held on May 2,
2023.
The maximum number of common shares which may be issued under the stock option plan is 10% of the
Company’s issued and outstanding share capital at the date of grant. The stock option plan has a “rolling”
limit, as the number of common shares reserved for issuance pursuant to the grant of stock options will
automatically increase as the Company’s issued and outstanding share capital increases. The limit includes
outstanding stock options previously granted.
About Avante Mining Corp.
Avante Mining Corp. (TSXV: ACP) is a mining exploration company focused on developing high -value
geographically significant projects including the V oisey’s West. Avante is paving the way by combining
quality projects with proven exploration strategies and a dedicated team to achieve exceptional outcomes.
The V oisey’s West 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% Cobalt. It represents one of the most competitive nickel operations globally.
For more information visit avantemining.com
The forward-looking statements contained in this press release are made as of the date hereof and Avante
Mining Corp. undertakes no obligations to update publicly or revise any forward-looking statements or
information, whether as a result of new information, futur e 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 responsibility for the adequacy or accuracy of this
release.
CONTACT INFORMATION:
Adrian Smith, CEO and Director
Contact 1-778-331-3816