High Tide is earning a 100% interest in the Labrador West Iron Project located adjacent to IOC/Rio Tinto’s 23 million tonnes per year Carol Lake Mine in Labrador City, Labrador.
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I’m Ebony North for Investmentpitch Media
High Tide Resources is one of the latest new listings on the Canadian Securities Exchange, trading under the symbol “HTRC”, following its spin-off from Avidian Gold Corp.which retained a significant share position.
Steve Roebuck, President and Interim CEO, stated: “We are very pleased to begin trading on the CSE commencing Friday 25, 2022. We have come a long way in developing High Tide and are excited to present the Company to a broader investment community. Our corporate strategy and main objective are to create material shareholder value from the continued responsible exploration and potential development of the Company’s Labrador West Iron Project and Lac Pegma mineral deposit. I would like to thank the many people who have assisted in making this moment possible.”
High Tide is earning a 100% interest in the Labrador West Iron Project located adjacent to IOC/Rio Tinto’s 23 million tonnes per year Carol Lake Mine in Labrador City, Labrador.
Located only 15 kilometres northeast of Labrador City, Labrador, the project is proximal to all the critical infrastructure required to explore, daylight and develop a major new iron deposit in the heart of the southern Labrador Trough which is home to 4 operating iron mines.
It also owns a 100% interest in the Lac Pegma copper-nickel-cobalt deposit located 50 kilometres southeast of Fermont Quebec.
The flagship Labrador West Iron Project was explored and drilled by Rio Tinto Exploration from 2010 to 2012, with 18 holes totaling 4,227 metres drilled with the best intersection being 279.7 metres grading 29.7% iron.
High Tide drilled 4 holes of approximately 1,000 metres in 2020
Hole 57 intersected 314.7 metres grading 29.6% iron and hole 59 intersecting 321.5 metres grading 26.8%.
Holes 56 and 58 were stopped while still in high-grade iron mineralization due to poor ground conditions and did not reach the target depth of 350 metres.
Management believes these results confirmed the historical results, thereby significantly de-risking the deposit preparing it for rapid advancement.
Located approximately 50 kilometres southeast of nearby Fermont, Quebec, the Lac Pegma project is a magmatic sulphide copper-nickel-cobalt deposit that was first discovered in 1955 and drilled in 1996.
High Tide was very active at Lac Pegma throughout 2021 engaging in multiple campaigns with work that Included staking an additional approximately 1800 hectares of very prospective land along strike of the main deposit, flying a heliborne high-resolution magnetic and time-domain electromagnetic survey over the entire project area, and prospecting, mapping and sampling historic and recently found outcrops.
The shares are trading at $0.15.
For more information, please visit the company’s website www.HighTideResources.com, contact Steve Roebuck, President and Interim CEO, at 905-741-5458 or by email at SRoebuck@HighTideResources.com
I’m Ebony North for Investmentpitch Media
