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Avidian's Majority Owned High Tide Resources Announces Maiden Mineral Resource Estimate at its Labrador West Iron Project
Inferred Mineral Resource of 654.9 Million Tonnes Grading 28.8% Total Iron TORONTO, ON / ACCE...
About this update from Avidian Gold Corp.
[{"type":"text","content":"Avidian's Majority Owned High Tide Resources Announces Maiden Mineral Resource Estimate at its Labrador West Iron ProjectInferred Mineral Resource of 654.9 Million Tonnes Grading 28.8% Total IronTORONTO, ON / ACCESSWIRE / February 24, 2023 / Avidian Gold Corp. (\"Avidian\" or the \"Company\") (TSXV:AVG) is pleased an update on the Labrador West Iron Project, through its majority owned investment in High Tide Resources (CSE:HTRC).Dino Titaro, Director and Chairman of Avidian Gold states, \"As a 28% owner in High Tide Resources, Avidian is very pleased with yesterday's great news from their high-quality & low-impurity Labrador West Iron Project. Since going public in February 2022, High Tide has delivered a very substantial maiden Mineral Resource Estimate and added two exciting lithium projects to its portfolio of battery metals projects in Ontario and Quebec. As High Tide enters its second year of operation we support and encourage their continued growth and success and as their value grows, so does value of Avidian.\"Below is the High Tide Resources press release in its entirety.High Tide Resources Corp. (\"High Tide\" or the \"Company\") (CSE: HTRC) is pleased to announce the release of its maiden Mineral Resource Estimate (\"MRE\") for its flagship Labrador West Iron Project (the \"Project\" or \"Property\"). The Property is located in the southern Labrador Trough, home to four operating iron ore mines, and less than 20 km northeast of IOC/Rio Tinto's Carol Lake Mine complex in Labrador City, Newfoundland and Labrador (Figure 1).Steve Roebuck, Director, President & Interim CEO of High Tide states, \"This is a major milestone for the Company and we are extremely pleased with the results of the maiden Mineral Resource Estimate. The deposit is robust, starts at surface and has great potential to grow in size. We have a very strong project that should prove appealing to both strategic partners and investors alike. The southern Labrador Trough produces some of the cleanest iron concentrates and pellets in the world, and with demand increasing, and industry pivoting to green iron and green steel, High Tide is very well positioned to be a leader in the next generation of high-quality low-carbon iron projects globally\".The path forward for the Project will focus on increasing knowledge and confidence levels while reducing ri...