The Property is located in the southern Labrador Trough, home to four operating iron ore mines, and less than 20 km northeast of
The path forward for the Project will focus on increasing knowledge and confidence levels while reducing risk. Additional infill and step-out drilling will target expansion of the resource in size and its upgrading from the current Inferred category to Indicated and Measured categories, while providing more critical geological information required for further deposit modelling and detailed metallurgical studies. The results of metallurgical testing completed so far indicate a quality concentrate product can be achieved using gravity separation techniques, with results that are comparable to similar iron mining projects in the region.
The Inferred Mineral Resource Estimate was prepared by
High Tide will be attending PDAC in
A Technical Report prepared in accordance with NI 43-101 Form F-1 supporting the MRE reported herein for the
Iron and the Western Labrador Trough Infrastructure Advantage
The Labrador Trough of western Labrador and adjoining
The Property is strategically located near the mining communities of
The
About High Tide
High Tide is focused on and committed to the development of mineral projects critical to infrastructure development using industry best practices combined with a strong social license from local communities. High Tide owns a 100% interest in the
Further details on the Company, including a property Technical Report on the
Contact:
Tel: +1 (905) 741-5458
Email: sroebuck@hightideresources.com
Sampling Protocol, Analytical Procedures and QAQC
Mercator supervised the 2020 and 2022 diamond drilling programs carried out by High Tide that contribute to support of the current Mineral Resource Estimate. This included designing and implementing a comprehensive QAQC program consistent with CIM best practice methods. Core was delivered to a secured location for geological and geotechnical logging, and sampling. After core logging, core was marked for sampling and splitting. Certified reference materials were used for blanks and standards and inserted at a rate of every alternating 10th sample. Quarter core duplicates were also collected every 40th sample and laboratory duplicates (alternating between coarse reject and pulp splits) were also analyzed every 40th sample. All split samples were stored in a secure location in sealed shipping bags prior to shipment to the laboratory for assay testing.
Sample shipments were securely delivered via courier to
Mercator also reviewed the QAQC protocols and results associated with the 2010-2012 Rio Tinto diamond drilling campaigns and found the procedures and results satisfactory.
Forward looking information
This news release includes certain 'forward-looking statements' which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as 'believes', 'anticipates', 'expects', 'estimates', 'may', 'could', 'would', 'will', or 'plan'. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, closing of the Agreement, exercising the Option, the acquisition of low cost and potentially high reward lithium projects, the ability to keep exploration costs low, expected access to regional lithium processing hubs, the Company's objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: the ability to anticipate and counteract the effects of COVID-19 pandemic on the business of the Company, including without limitation the effects of COVID-19 on the capital markets, commodity prices supply chain disruptions, restrictions on labour and workplace attendance and local and international travel, failure to receive requisite approvals in respect of the foregoing, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
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