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Avante Closes Acquisition of Mineral Licenses Adjoining Its Pipestone Project
Vancouver, British Columbia--(Newsfile Corp. - March 15, 2024) - Avante Mining Corp.  &#x...
About this update from First Atlantic Nickel & Cobalt Corp.
[{"type":"text","content":"Avante Closes Acquisition of Mineral Licenses Adjoining Its Pipestone ProjectVancouver, British Columbia--(Newsfile Corp. - March 15, 2024) - Avante Mining Corp.  (TSXV: AVA) (OTC Pink: ACPRF) (FSE: P210) (\"Avante\" or the \"Company\"), a Canadian nickel-focused exploration company, is pleased to advise that it has closed the previously announced acquisition (the \"Transaction\") of 100% of the issued and outstanding shares of 1446199 B.C. LTD. (the \"Target\") pursuant to a share purchase agreement dated March 4, 2024 (the \"Agreement\") with the Target and all of the shareholders of the Target (the \"Vendors\"). The Target holds a 100% interest in 13 mining licenses totalling 17,375 Hectares (the \"Property\") which adjoin the Company's Pipestone Project in central Newfoundland.Project Highlights:Increased project size, covers approximately 210 square kilometres of mineralized belt;Avante is the first company to target awaruite (nickel-iron alloy) in this region since 2012;Increased size secures the majority of the nickeliferous Pipestone ultramafic complex;Historical drilling in the north Property area re-assayed up to 0.27% Ni and 0.22% Ni over the entire hole of 87.15 metres (bottomed in mineralization) and remains open in all directions (NFLD/3284);Good infrastructure with existing road access extending onto the Property and a hydroelectric generating station located approximately 15km south of the Property; andMajor expanded regional compilation underway to allow acceleration through early-stage exploration on the Property.Adrian Smith comments, \"We are excited to be moving the Pipestone Project forward at an accelerated pace where we now control the majority of the nickeliferous Pipestone ultramafic complex in central Newfoundland. We believe this project is located in a top tier jurisdiction to develop mining projects and are now well into the process of compiling the significant amount of work that has been completed within the Property area including the sampling from Cliffs Natural Resources Inc (\"Cliffs\"). Cliffs previously identified the Pipestone belt as a top priority project with the potential to define an awaruite deposit similar to the Decar property owned by FPX Nickel.\"The Pipestone Project now covers over 40 kilometers of strike effectively securing the majority of the nickeliferous Pipe...