Avante Mining Hits Additional Sulfides Over 22 Metres at Voisey's West

Vancouver, British Columbia--(Newsfile Corp. - September 12, 2023) - Avante Mining Corp. (TSXV: AVA) ("Avante" or the "Company"), is pleased to announce that it has intersected two additional intervals with visually identified nickel sulphide including 22 metres and 16 metres containing disseminated to semi-massive sulfides at the Voisey's West nickel project ("Voisey's West" or the "Project"). The Project is located in the same intrusive complex as the nearby Voisey's Bay mine and 70km west of the town of Nain, Labrador, Canada.

Highlights

  • Two additional holes into new zone containing visually identified nickel sulfide in pyrrhotite.

  • Hole 4 contains highest concentration of sulfides to date including large zones of semi-massive sulfides.

  • Hole 5 shows higher percentage of visual copper mineralization indicating potential for platinum group elements and gold enrichment.

  • Drilling continues to expand on new discovery located 950 meters north of drillhole intersection showing 5 metres at 1.28% nickel, 0.52% copper and 0.03% 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 the nearby Voisey's Bay.

Adrian Smith, CEO of the Company, commented, "These new holes show the highest concentration of sulphides on the property that we have seen. We are also seeing a variation of metals with a greater amount of visible copper higher in the system and greater concentrations of sulfides below, leaving us excited to follow the mineralization to depth where more massive sulfides could exist. The latest drilling verifies the presence of favorable conditions for the development of substantial mineral accumulations, and we are enthusiastic about progressing with our efforts at Voisey's West."

Figure 1: Core photo from VW-23-04 at 19.8 metres down hole (left) and 20.2 metres (right) showing net-texture, sulfide-matrix to massive texture.

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Continued drilling at Voisey's West has intersected two additional intervals of disseminated, blebby, net-textured, sulfide-matrix breccia, semi-massive and 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.

The Company's Geologists confirm a magmatic sulfide system is hosted on the Voisey's West, similar to the nearby Voisey's Bay mine. Typical magmatic sulfide textures from the current drilling are shown in Figures 1 to 4 below 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 Voisey's West are the same metamorphosed sediments (paragneiss) as at Voisey'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 Voisey's West appears to be significant.