Avante Mining Identifies New Zone of High-Grade Nickel Up To 1.9% Ni from Maiden Drill Program at Voisey’s West
810 – 789 West Pender Street, Vancouver, BC V6C 1H2
Tel: 604-687-2038 Fax: 604-687-3141
Avante Mining Identifies New Zone of High-Grade Nickel Up To 1.9% Ni
from Maiden Drill Program at Voisey’s West
Vancouver, BC / September 27, 2023 - Avante Mining Corp. ("Avante" or the " Company") (TSXV:
AVA ) (OTCPK: ACPRF) (FSE: P210), a Canadian nickel -focused exploration company, is pleased to
announce that it has received first assay results from its maiden drilling program of five holes at the 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:
• The Company has received initial assays from hole 3 of its 5-hole program at V oisey’s West.
• High-grade nickel intercepts include 1.68% NiEq over 2.74 metres as part of 0.78% NiEq over
22.74 metres; individual samples as high as 1.90% Ni over 1 metre.
• Drilling confirms a magmatic sulfide system is hosted on the Project similar to the nearby
world-class V oisey’s Bay mine which is host to 32.4 Mt of nickel grading 2.13% (proven and
probable).
• Net-texture to semi-massive textures paired with sulphide concentrations increasing with depth ,
indicates the potential for massive sulphides to exist below with even higher grades.
• Assays from t he other holes drilled during the program will be released in the coming weeks
including hole 4 which contains the highest concentration of sulphides (up to >60%) on the Project
(hole 3 was locally up to >40%).
Adrian Smith, Chief Executive Officer for Avante, commented, “We are excited to announce initial assay
results from our maiden drilling program at V oisey’s West. Drill hole VW-23-03 was our first drill hole
testing a new extension and it confirms that our system has the ingredients to potentially host a significant
mineralization, as we have seen elsewhere in the region at V oisey’s Bay.” Mr. Smith continued, “With assays
still to come from the holes where we observed the greatest concentration of sulphides, we are very pleased
with the success of this maiden program thus far. We believe that V oisey’s West is a discovery in the making
and the results thus far have validated our belief that V oisey’s West has the potential to host a major nickel
discovery.”
Table 1: Assay results from hole VW-23-03 (additional assays pending)
from
(m) to (m)
Int.
(m)
Ni
(%)
Cu
(%)
Co
(%)
Au
(g/t)
Pt
(g/t)
Pd
(g/t)
PGE
+ Au
(g/t)
NiEq
(%)*
VW23-03 1.26 24.00 22.74 0.62 0.16 0.02 0.06 0.02 0.12 0.21 0.78
incl. 1.26 4.00 2.74 1.45 0.23 0.04 0.04 0.00 0.25 0.30 1.68
and incl. 16.00 18.00 2.00 1.23 0.22 0.03 0.06 0.03 0.27 0.37 1.46
and incl. 23.00 24.00 1.00 1.21 0.15 0.03 0.03 0.00 0.17 0.20 1.37
Individual samples up to 1.90 % Nickel, 0.05 % Cobalt, 0.43 g/t Gold, and 0.35 g/t Palladium over 1m
*Nickel Equivalents were calculated based on 8.80$/lb Nickel, 3.70$/lb Copper, 15$/lb Cobalt, 1925$/oz Gold, 922$/oz
Platinum, 1230$/oz Palladium, and recoveries calculated at 100%.
810 – 789 West Pender Street, Vancouver, BC V6C 1H2
Tel: 604-687-2038 Fax: 604-687-3141
Figure 1: Drill core from VW -23-03 showing partial section from approximately 1 metre to 4 metres.
Interval of visual sulfides including 2.74metres @ 1.45% Nickel, 1.68 NiEq.
The results from VW -23-03 confirm the reported discovery of a new zone previously unident ified
containing nickel sulfide mineralization 30 metres north of the furthest north hole at the No Baccy zone.
This represents the furthest north intersection containing over 1% Nickel on the property. Evidence also
suggests that the mineralization is open and continues to the north and potentially to depth.
Reported grades from drilling with over 1% nickel now occur over a 1-kilometer strike length and remain
open. It is highly probable that these areas are associated with a magmatic feeder or conduit system that
extends to depth, something that has not yet been tested on the property.
Hole VW23-03 was collared into shallow till cover targeting a VTEM anomaly and intersected a mottled
gabbro intrusive with pervasive sulfides beginning at the bedrock contact. The sulfides occur as fine-grained
disseminations to semi-massive net-textured aggregates. The hole was drilled at 350 degrees and 45-degree
dip with the bottom contact of the mineralized interval 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.
Results are pending for holes VW23 -04 and VW23-05 which include additional intersections of
disseminated, blebby, net -textured, sulfide -matrix breccia, semi -massive sulfides. The Company’s
Geologists have visually identified nickel -sulfide in the form of pentlandite and copper -sulfide as
chalcopyrite within pyrrhotite hosted in a gabbroic mafic intrusion within the pending holes.
810 – 789 West Pender Street, Vancouver, BC V6C 1H2
Tel: 604-687-2038 Fax: 604-687-3141
Figure 2: Core photo from VW-23-04 (dry core) at 21 to 22 metres down hole showing net-texture, sulfide-
matrix texture. Assays from VW-23-04 are pending.
Figure 3: Close up of core from hole VW-23-04 at 20 metres down hole showing net to semi-massive (assays
pending).
Holes VW-23-04 and VW-23-05 show that the typical density settling characteristics of a magmatic system
where the hole VW-23-04 drilled at the steepest angle encounters higher sulfide concentrations where hole
VW-23-05 shows higher copper content and greater disseminations and net textures. Due to the vertically
zoned nature of the mineralization, there remains great potential for increased accumulations of sulfides at
depth.
810 – 789 West Pender Street, Vancouver, BC V6C 1H2
Tel: 604-687-2038 Fax: 604-687-3141
Figure 4: Hole VW-23-05 from 12.5 to 13 metres and 14.5 to 15 metres downhole showing disseminated
and stringy to net-textured and sulfide matrix breccia textures (results pending).
The results further confirm a magmatic sulfide system is hosted on the V oisey’s West, similar to the nearby
V oisey’s Bay mine. Typical magmatic sulfide textures from the current drilling can be seen in the additional
figures and include type examples of net-texture, semi-massive and sulfide-matrix breccia textures. These
are formed as mafic intrusions interact with sulfurous country rock and separate the metals from the magma
during emplacement. The sulfurous country rocks at V oisey’s West are the same metamorphosed sediments
(paragneiss) as at V oisey’s Bay which have proven themselves to be an ideal source of sulfur to generate
large volumes of sulfides. The depth potential of the system is only constrained by the presence of the
sulfur-bearing country rocks, which in the case of V oisey’s West appears to be significant.
810 – 789 West Pender Street, Vancouver, BC V6C 1H2
Tel: 604-687-2038 Fax: 604-687-3141
Figure 5: Drilling update map showing current drill location with previous drilling over total magnetic
intensity (hot colors representing high magnetic signal).
Additional drilling will aim to better define the orientation and extent of this new zone, specifically to depth
where higher concentration of pooled sulfides may exist, and further north where additional untested
anomalies exist. The Company plans to provide further updates on drilling as additional information
becomes available.
810 – 789 West Pender Street, Vancouver, BC V6C 1H2
Tel: 604-687-2038 Fax: 604-687-3141
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% 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.
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, p latinum, and 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 detection limits for Ni, Cu, or PGEs were subje cted to a
multi-acid digestion and atomic absorption finish. 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 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.
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,
810 – 789 West Pender Street, Vancouver, BC V6C 1H2
Tel: 604-687-2038 Fax: 604-687-3141
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.
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, competitive, political and social uncertainties, uncertain and
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, 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 prove to be
accurate, and actual results and future events could differ materially from those anticipated in such
statements.