Avante Mining Cuts 9 Metres at 1.12% Nickel and Intersects the Highest- Grade Nickel to Date 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 9 Metres at 1.12% Nickel and Intersects the Highest-
Grade Nickel to Date at the Voisey’s West Project
Vancouver, BC / October 26, 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 new assay results returned the highest-grade intersection of nickel -copper mi neralization at the
V oisey’s West nickel project (the “V oisey’s West” or the “Project”) to date with 2.84% nickel (Ni) and
3.28% nickel equivalent (NiEq ) over one metre within a heavily mineralized interval over 18 metres
including 9 metres of 1.12% Ni from its maiden drilling program. The Project is located within the same
sulfur rich host rocks and intrusive complex as the nearby V oisey’s Bay mine and is located 70km west of
the town of Nain, Labrador, Canada.
Highlights:
• High-grade nickel intercepts within hole VW-23-04 include; 2.84% Ni and 3.28% NiEq over one
metre within 9 metres of 1.12% Ni , and separately 1.97% NiEq over 3 metres as part of a well
mineralized 18 metre interval at 0.99 % NiEq.
• High-grade nickel -copper intercepts from hole VW -23-05 include 14.78 metres of 0.86 NiEq
including 3 metres of 1.20% nickel and 1.75% NiEq with 0.94% copper.
• Successfully identified ne w zone and expanded on the P rojects high-grade nickel intercepts 350
meters north of the previously drilled hole with 14 metres at 1.02% Ni including 2.15% Ni over
one metre.
• 2.84% nickel in 50% sulfide represents >5% Ni in a massive sulfide zone. This shows great
potential for increased grades and potential for the future expansion of mining activities in the
region with one of the worlds most prolific nickel mines.
• V oisey’s West is host to a magmatic sulfide system beginning at or near surface, the same deposit
type that formed the nearby world-class V oisey’s Bay mine which is host to 32.4 million tonnes
(Mt) of nickel grading 2.13% (proven and probable).
• Confirmed the newly developed project model extending the drilled area and identified new high-
grade mineralization with a limited program and budget.
Adrian Smith, Chief Executive Officer of Avante, commented, “We are excited to have drilled the highest
grades at V oisey’s West to date, this discovery underscores the p otential of V oisey’s West to host
economically important nickel deposits. This high-grade intersection was discovered while testing the north
extension of the 1 -kilometre trend containing gr eater than 1% nickel in drilling within the overall 2.5 -
kilometre trend. We believe the new zone is host to continuous mineralization over 250 metres, of which
the northern 150 metres remains completely untested. Having such an extensive area of continuous sulfides
within the much larger corridor makes this new area a prime location to follow the magmatic nickel system
to depth. Future targeting will include down hole geophysics to aid in tracking the system vertically for the
planned phase two program which will continue to expand the zone near surface while also testing to depth.”
810 – 789 West Pender Street, Vancouver, BC V6C 1H2
Tel: 604-687-2038 Fax: 604-687-3141
Table 1: Significant assay results from hole VW-23-04 and VW-23-05
Hole VW-23-04
From
(m) To (m) Int (m) Ni (%) Cu (%) Co (%)
Au
(g/t)
Pt
(g/t)
Pd
(g/t)
PEG +
Au (g/t) NiEq (%)
3.9 22.0 18.1 0.75 0.31 0.02 0.04 0.03 0.18 0.25 0.99
incl. 3.9 7.0 3.1 0.79 0.25 0.02 0.06 0.16 0.16 0.38 1.03
and incl. 13.0 22.0 9.0 1.12 0.33 0.03 0.03 0.01 0.28 0.31 1.39
incl. 13.0 14.0 1.0 2.84 0.20 0.08 0.02 0.01 0.91 0.94 3.28
incl. 19.0 22.0 3.0 1.61 0.48 0.05 0.03 0.00 0.29 0.33 1.98
Hole VW-23-05 1.2 16.0 14.8 0.61 0.37 0.02 0.08 0.02 0.12 0.22 0.86
incl. 1.2 3.0 1.8 0.89 0.29 0.02 0.03 0.01 0.20 0.24 1.12
and incl. 12.0 15.0 3.0 1.20 0.94 0.03 0.13 0.03 0.16 0.32 1.75
*Nickel Equivalents were calculated based on 8.23$/lb Nickel, 3.58$/lb Copper, 15$/lb Cobalt, 1970$/oz Gold, 894$/oz Platinum, 1110$/oz Palladium, and
recoveries calculated at 100%.
The V oisey’s West mineralization shows many similarities to the V oisey’s Bay, pyrrhotite-chalcopyrite-
pentlandite sulphide mineralization located within feeder systems of the Eastern Deeps and Reid Brook
Zones where these zones traced well below 1-kilometre vertical depth. Proven and probable reserves for
underground mining operations ( Reid Brook & Eastern Deeps zones) at V oisey’s Bay are 23.6Mt with
grades of 2.17% nickel, 0.91% copper, 0.14% cobalt (US -SEC). This highlights the potential for the
V oisey’s West system to be vertically extensive and remains open across the 2.5km strike hosted on the
Project.
Figure 1: Drill core from VW-23-04 showing partial section from approximately 13.4 metre to 14.1 metres.
Interval of net-textured sulfide including one metre of 2.84% Ni, 3.28 NiEq within 9 metres of 1.12% Ni.
Drill core shows the typical density settling characteristics of a magmatic system where the hole VW -23-
04 drilled at the steepest angle encounters higher sulfide concentrations. Due to the vertically zoned nature
810 – 789 West Pender Street, Vancouver, BC V6C 1H2
Tel: 604-687-2038 Fax: 604-687-3141
of the mineralization, there is potential for massive sulphides to exist as pooled accumulations below, with
even higher grades as part of a vertically extensive system.
Hole VW-23-04 and VW -23-05 were collared into shallow till cov er overtop of a VTEM anomaly and
intersected a mottled gabbro intrusive with pervasive sulfides beginning at 3.9 metres and 1.2 metres
respectively, at the bedrock contact. The sulfides occur as fine-grained disseminations to semi-massive net-
textured aggregates. Hole VW-23-04 was drilled at 360 degrees and 60-degree dip with the bottom contact
of the mineralized interval at 35 degrees to core axis. Hole VW -23-05 was drilled at 360 degrees and 45-
degree dip. The true thickness or extent of the zone is not known, additional drilling will aim to better define
the orientation and extent. The new zone is visible in areas daylighting through till cover over approximately
250m length within the overall 2.5-kilometre strike of the mineralized trend.
VW23-04 an d VW23-05 are characterized by lightly disseminated to net -textured and semi -massive
mineralization. Zones with accumulate semi -massive to massive sulphide veins are also observed
throughout the mineralized intervals. VW23-05 contains a noticeable increase in chalcopyrite interspersed
through the pyrrhotite. A relatively low abundance of visible pentlandite would suggest that pentlandite
occurs as lamellae within pyrrhotite and chalcopyrite rather than “eyes” at the triple-junction boundary of
pyrrhotite grains more common within massive ores. D etailed microscope and mineral chemistry will aid
to determine mineralogical relationships.
Figure 2: View from the bottom of Nickel Hill looking up towards a new drilling discovery. Thin glacial till
obscures bedrock with bolder -train/subcrop indicating proximal source of continuous magmatic-nickel-
sulfide zone. The Nickel Hill area continues under till cover for approximately 250 metres and largely
remains untested.
810 – 789 West Pender Street, Vancouver, BC V6C 1H2
Tel: 604-687-2038 Fax: 604-687-3141
Adrian Smith continues , “We are excited to continue working on the V oisey’s West p roject, we are in a
prime location adjacent to one of the worlds most prolific nickel m ines. We plan to conduct down hole
geophysics as part of a phase 2 drilling program currently being designed to target the deeper extent of the
high-grade nickel mineralization encountered. Our goal with downhole geophysics is to identify the areas
where the sulfides settle into massive sulphide pools or pockets which should be part of the magmatic
conduit system already identified at the V oisey’s West project. Our team is eager to advance to the next
phase of the exploration and to continue working with local communities and stakeholders.”
About the Voisey’s West Project
The V oisey’s West is located 50 km from, and within the same intrusive complex and geological setting as
the world class V oisey’s Bay nickel mine.
The Project 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% nickel and 0.58% copper, and 1.05% nickel and 1.53% copper 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.
QAQC
The drill core samples were split in two with one half sent for analysis and the other retained for the
Company’s records. The split samples were submitted to Eastern Analytical, an ISO 17025 certified lab,
accredited and operating 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, and palladium. All samples were also analysed fo r 34-
element trace geochemistry where 200mg subsamples were totally dissolved in four acids and analysed by
ICP-OES. Concentrations exceeding the upper detection limits for Ni, Cu, or PGEs were subjected to a
multi-acid digestion and atomic absorption fini sh. In addition to the independent QAQC procedures
preformed at the independent laboratory, the Company inserted blanks , field duplicates, and standardized
samples into the sample sequence.
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, including analytical data from the previous owners of t he
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 Geos cientists
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
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. 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% n ickel, 0.65%
copper, 0.04% cobalt. It represents one of the most competitive nickel operations globally.
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.
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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
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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, the Company currently has no reserves on any of its
properties. As a result, there can be no assurance that such forward -looking statements will pr ove to be
accurate, and actual results and future events could differ materially from those anticipated in such
statements.