Avante Mining Corp. announced 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. 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 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. 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. Drill hole VW-23-04 cut an additional zone of visible sulfides at the newly discovered North Baccy Zone over 22 metre intervals downhole. The mineralized interval consists of gabbroic intrusive rock with sulfides from 1-2% to predominantly greater than 10% to 20% and to over 60% as disseminations to net-textured to sulfide-matrix breccia and locally massive. The Company's Geologists have visually identified nickel sulfide as pentlandite hosted within pyrrhotite. The gabbro is intruding a garnet paragneiss which is interpreted to be the source of sulfur for the mineralized zone and contains patchy to disseminated sulfides throughout to the end of the hole at 125 meters. The hole was drilled due north at 60-degree dip. Drill hole VW-23-05 cut additional visible sulfides at the newly discovered North Baccy Zone over a 16- metre interval. The sulfides are concentrated in the same gabbroic intrusive rock but show higher elevations of visible copper mineralization as seen in Figure 4. Sulfide concentrations range from 2% to predominantly 10% to over 40% and occur as disseminated, blebs and bands, net-textured, fracture-fill, to semi massive. Company geologists have visually identified copper and nickel sulfides in the form of chalcopyrite and pentlandite within the pyrrhotite. The hole was drilled due north at a 45-degree dip. The Company has now confirmed a magmatic sulfide system hosted on the Project in drilling to 1 kilometer in length. The project scale geology also suggests that there is a significant vertical zone where the two rock types responsible for generating nickel sulfides are present, and it is likely that the zone of sulfide generation extends to depth along the pathways of the mafic intrusions.