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High Tide Resources Announces Filing of the Labrador West Iron Project NI 43-101 Technical Report
TORONTO, ON / ACCESSWIRE / April 6, 2023 / High Tide Resources Corp. (" High Tide " or the " Com...
About this update from High Tide Resources Corp.
[{"type":"text","content":"High Tide Resources Announces Filing of the Labrador West Iron Project NI 43-101 Technical ReportTORONTO, ON / ACCESSWIRE / April 6, 2023 / High Tide Resources Corp. (\"High Tide\" or the \"Company\") (CSE:HTRC) is pleased to announce the filing of a National Instrument 43-101 - Standards of Disclosure for Mineral Projects (\"NI 43-101\") compliant technical report for the Labrador West Iron Project (the \"Labrador West Technical Report\").The Labrador West Technical Report is dated April 6, 2023 with an effective date of January 31, 2023 and was completed by Mercator Geological Services (\"Mercator\") and BBA Inc. (\"BBA\") at the request of High Tide. The report titled, \"NI 43-101 Technical Report, Mineral Resource Estimate, Labrador West Iron Project, Newfoundland and Labrador, Canada\" has been filed on the Company's profile on SEDAR at www.sedar.com and will be posted on the Company's website at www.hightideresources.com. There are no material differences in the Labrador West Technical Report from the information disclosed in the news release issued February 23, 2023 titled \"High Tide Resources Announces Maiden Mineral Resource Estimate at its Labrador West Iron Project\".The Inferred Mineral Resource estimate was prepared by Mercator in accordance with the CIM Standards for Mineral Resources and Mineral Reserves (MRMR) (May 10, 2014) and CIM MRMR Best Practice Guidelines (November, 2019) and has been reported in accordance with NI 43-101 (see High Tide press release dated February 23, 2023).Table 1: Labrador West Mineral Resource Estimate - Effective Date: January 31, 2023TypeCut-off (FeT %)CategoryTonnes (millions)(FeT %)Pit Shell Constrained15Inferred654.928.84Notes:Total iron (FeT) Mineral Resources include only oxide-facies iron formation (magnetite or hematite dominated).Mineral Resources are defined within an optimized conceptual pit shell with an overall pit slope angle of 50⁰ and a 1.3:1 strip ratio (waste: mineralized material)Pit shell optimization parameters include: pricing of CDN $129 /tonne for 65% Fe concentrate, exchange rate of CDN $1.30 to US$ 1.00, mining cost at CDN $3.00/t, processing cost at CDN $4.55/t processed, tailings cost at CDN $0.35 processed, rail & port cost at CDN $18.00/t shipped, G & A Cost at CDN $5.00/t processed, Ocean Freight at CDN $28.00/t shipped and mill recovery ...