SOURCE: Avanti Mining Inc

Avanti Mining Inc

August 25, 2011 12:18 ET

Avanti Intersects 395.1 Meters Averaging 0.088% Molybdenum at Kitsault

VANCOUVER, BC--(Marketwire - Aug 25, 2011) - Avanti Mining Inc. (TSX-V: AVT) (PINKSHEETS: AVNMF) ("Avanti" or the "Company") is pleased to announce that it has received assays from the next 10 holes of its 2011 drill program at the Kitsault Mine molybdenum project located in northwest British Colombia. Four of these holes were drilled into the northwest portion of the Kitsault mine project where previous drilling had not completely defined the extent and quality of mineralization and six are from the Roundy Creek prospect located approximately 4 km west of the Kitsault mine.

Drill highlights include:

  • Hole K11-13 intersected 395.1 meters averaging 0.088% molybdenum and 3.8 g/t silver while bottoming in mineralization -- one of the best holes drilled at Kitsault and extended the zone to the north and depth.
  • Hole K11-14 intersected 122.3 meters averaging 0.081% molybdenum and 3.5 g/t Ag while bottoming in mineralization
  • Hole RC11-01 intersected 76.2 meters averaging 0.095% molybdenum and 1.1 g/t silver while bottoming in mineralization
  • Hole RC11-02 intersected 98.9 meters averaging 0.175% molybdenum and 1.7 g/t silver while bottoming in mineralization
  • Hole RC11-03 intersected 138.2 meters averaging 0.144% molybdenum and 2.9 g/t silver while bottoming in mineralization
  • Hole RC11-04 intersected 111.2 meters averaging 0.058% molybdenum and 2.2 g/t silver while bottoming in mineralization
  • Hole RC11-05B intersected 120.4 meters averaging 0.058% molybdenum and 4.5 g/t silver while bottoming in mineralization
  • Hole RC11-06 intersected 150.9 meters averaging 0.130% molybdenum and 1.8 g/t silver while bottoming in mineralization

"Drilling at the Kitsault Mine molybdenum project and Roundy Creek prospect continues to highlight the robust nature of mineralization on our property," said Craig J. Nelsen, President & CEO of Avanti. "While many of the drill holes have bottomed in mineralization, at Kitsault this is because we are at the bottom of the resourse shell and at Roundy Creek, we are trying to confirm the high grade within 100 meters of the surface. The Roundy Creek geologic model is being developed at this point in time and most of the drilling reported here is in the eastern part of the Sunshine Creek project where very little previous work has been completed."

Drill Results

A map showing the location of these drill holes relative to the previous drilling by all prior operators at Kitsault and Roundy Creek is available at or click the links below to view the maps.

Kitsault Drill Hole Map:

Roundy Creek Drill Hole Map:

The detailed drill results for Holes K11-11 to K11-17 and RC11-01 to RC11-06 are summarized below:

Hole Number EASTING/ AZIMUTH/ TD (m) From (m) To (m) Length (m) % Mo ppm Ag
K11-11 473,050E/ 180/ 201.17 no significant results
6,142,180N -80
K11-13 473,000E 180/ 512.06 117.0 512.1 395.1 0.088 3.7
inc (0.05 c/o) 6,142,060N -75 150.0 507.0 357.0 0.095 3.9
inc (0.1 c/o) 201.0 342.0 141.0 0.128 4.8
inc (0.1 c/o) 177.0 186.0 9.0 0.094 1.9
inc (0.1 c/o) 354.0 366.0 12.0 0.086 7.4
inc (0.1 c/o) 390.0 402.0 12.0 0.103 0.8
inc (0.1 c/o) 456.0 468.0 12.0 0.115 1.4
K11-14 472,835E/ 90/ 335.28 213.0 335.3 122.3 0.081 3.5
inc (0.05 c/o) 6,142,005N -45 225.0 321.0 96.0 0.095 3.6
inc (0.1 c/o) 249.0 303.0 54.0 0.127 4.4
K11-17 472,950E/ 180/ 316.99 279.0 317.0 38.0 0.038 2.5
6,142,100N -70

2011 Roundy Creek Calculated Composite
Hole Number EASTING/ AZIMUTH/ TD (m) From (m) To (m) Length (m) % Mo ppm Ag
RC11-01 468,640E/ 0/ 80.8 4.6 80.8 76.2 0.095 1.1
inc (0.05 c/o) 6,142,284N -60 12.0 80.8 68.8 0.101 1.1
inc (0.1 c/o) 42.0 80.8 38.8 0.130 0.7
RC11-02 468,640E/ 0/ 104.9 6.0 104.9 98.9 0.175 1.7
inc (0.1 c/o) 6,142,260N -60 6.0 104.9 98.9 0.175 1.7
RC11-03 468,620E/ 0/ 138.4 5.2 138.4 133.2 0.144 2.9
inc (0.05 c/o) 6,142,253N -60 5.2 138.4 133.2 0.144 2.9
inc (0.1 c/o) 5.2 93.0 87.8 0.185 1.9
RC11-04 468,620E/ 0/ 114.9 3.7 114.9 111.2 0.058 2.2
inc (0.05 c/o) 6,142,228N -60 3.7 114.0 110.3 0.058 2.3
RC11-05 468,600E/ 0/ 20.4 1.8 20.4 18.6 0.058 1.4
inc (0.05 c/o) 6,142,236N -60 1.8 20.4 18.6 0.058 1.4
RC11-05B 468,600E/ 0/ 121.9 1.5 121.9 120.4 0.075 4.5
inc (0.05 c/o) 6,142,237N -60 1.5 27.0 25.5 0.056 5.3
inc (0.05 c/o) 42.0 81.0 39.0 0.083 1.6
inc (0.1 c/o) 45.0 66.0 21.0 0.099 1.7
inc (0.05 c/o) 93.0 121.9 28.9 0.122 3.9
inc (0.1 c/o) 105.0 121.9 16.9 0.159 5.2
RC11-06 468,600E/ 0/ 152.4 1.5 152.4 150.9 0.130 1.8
inc (0.05 c/o) 6,142,207N -60 1.5 150.0 148.5 0.132 1.8
inc (0.1 c/o) 1.5 72.0 70.5 0.200 1.8
  1. Principal composites are calculated at a cut-off grade of 0.027% molybdenum as stated in the 2010 Feasibility Study and allow inclusion of up to nine meters of material below that grade. Other cut-offs (internal to the main 0.027% zones) at 0.05% and 0.10% molybdenum use the same compositing rules. Multiple intersections in a hole are separated by the word "and". As Roundy Creek is intended to be a high-grade satellite feed, cut-offs at 0.05% or 0.10% molybdenum are more appropriate.
  2. Gaps in the Kitsault hole number sequence indicate drilling conducted elsewhere on the property for condemnation purposes that do not contain significant mineralization.
  3. Approximate horizontal widths at Kitsault can be calculated by multiplying the drill thickness of a -45 degree inclined hole times 0.7 and a -60 degree inclined hole by 0.5. Roundy Creek horizontal widths are unknown at this point as the geologic model is being developed.
  4. Silver results on the above table are included for informational purposes only. Please consult the Company's recent Kitsault Mine Feasibility Study for a discussion on the possibility of silver by-product recovery. No revenues have been assumed for silver in the Kitsault Feasibility Study but metallurgical test that may develop a saleable silver by-product are underway.

All of the sawn half core drill samples (dominantly HQ size) collected by Company personnel are delivered to the ALS Minerals sample preparation lab in Terrace, B.C. where they are logged into the computer tracking system, crushed, split and a pulp sample prepared. Various quality control tests for crushing and labeling accuracy are performed at this lab. The pulp samples are then sent to the ALS Minerals laboratory in Vancouver, B.C. for 33-element analysis by Inductively Couple Plasma - Atomic Emission Spectroscopy. ALS Minerals is an ISO/17025 certified laboratory. ALS monitors quality control through the introduction of blanks, standards and duplicate sampling. In addition, Avanti personnel routinely insert hidden blanks and standards into the sampling stream. Bruce Davis, AUSIMM, is responsible for analyzing the QA/QC aspects of this work and Ken Collison, P. Eng., Senior Vice President Project Development, is responsible for the technical information in this press release. Both individuals are Qualified Persons as defined by NI 43-101.

Avanti Mining Inc. is focused on the development of the past producing Kitsault molybdenum mine located north of Prince Rupert in British Columbia. In late 2010, Avanti completed the Kitsault Feasibility Study on the Kitsault Mine Project, dated December 15, 2010, prepared by AMEC Americas Limited that showed Proven and Probable Reserves of 232.5 million tonnes averaging 0.081% molybdenum.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements: This news release contains certain forward-looking information concerning the business of Avanti Mining Inc. (the "Corporation"). All statements, other than statements of historical fact, included herein including, statements about matters related to the classification of mineral resources and development of the Kitsault molybdenum mine, are forward-looking statements. These forward-looking statements are based on the opinions of management at the date the statements are made and are based on assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events to differ materially from those projected in forward-looking statements. Important factors that could cause actual results to differ materially from the Corporation's expectations include fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs or in construction projects and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risks and uncertainties disclosed in the Corporation's Annual Information Form for the year ended December 31, 2010, which is available at The Corporation is under no obligation to update forward-looking statements if circumstances or management's opinions should change, excepting as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.

For further information, please visit

Contact Information

  • Contact:
    Craig J. Nelsen
    Chief Executive Officer
    303-565-5491, extension 4471

    A.J. Ali
    Chief Financial Officer
    303-565-5491, extension 4472