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Avidian's Majority Controlled High Tide Resources Corp Options Clearcut Lithium Project in Quebec
TORONTO, ON / ACCESSWIRE / July 19, 2022 / Avidian Gold Corp., (" Avidian " or the " Company...
About this update from Avidian Gold Corp.
[{"type":"text","content":"Avidian's Majority Controlled High Tide Resources Corp Options Clearcut Lithium Project in QuebecTORONTO, ON / ACCESSWIRE / July 19, 2022 / Avidian Gold Corp., (\"Avidian\" or the \"Company\") (TSX-V:AVG)(OTCQB:AVGDF) is pleased to announce that High Tide Resources Corp (CSE:HTRC) has entered into an option purchase agreement to acquire a 100% interest in the Clearcut Lithium Project (the \"Property\") located in the emerging Cadillac-Pontiac lithium camp in the Abitibi Témiscamingue region southwest of Val d'Or, Quebec (Figure 1). Avidian owns approximately 33% of High Tide Resources and through this acquisition Avidian shareholders have gained an indirect interest and exposure to the high-demand lithium market for the EV battery sector.Avidian President & CEO Steve Roebuck states: \"Adding the Clearcut Lithium Project to High Tide's project portfolio is a low-risk and potentially high-reward opportunity that further enhances the value proposition for Avidian shareholders. Lithium is in high-demand making Clearcut a natural fit alongside High Tide's Lac Pegma Copper-Nickel-Cobalt Project that further diversifies High Tide's battery metals projects along with its flagship Labrador West Iron Project.\"Further details on this acquisition by High Tide can be found in their press release dated July 14, 2022.About Avidian Gold Corp.Avidian brings a disciplined and veteran team of project managers together with a focus on advanced-stage gold exploration projects in Alaska and Nevada. The Company's district-scale Golden Zone property hosts a NI 43-101 Indicated gold resource of 267,400 ounces (4,187,000 tonnes at 1.99 g/t Au) plus an Inferred gold resource of 35,900 ounces (1,353,000 tonnes at 0.83 g/t Au) within the Breccia Pipe Deposit. This resource is exposed on the surface and was pit constrained for an open-pit mining scenario. The Technical Report was filed on November 17, 2017, and was authored by Leon McGarry, B.Sc., P.Geo. and Ian D. Trinder, M.Sc., P.Geo. Additional projects include the Amanita and the Amanita NE gold properties which are both adjacent to Kinross Gold's Fort Knox gold mine in Alaska, and the Jungo gold-copper property in Nevada.Further details on the Company and the individual projects, including the NI 43-101 Technical reports on the Golden Zone property can be found on the Company's website at www...