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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 High Tide Resources Corp.
[{"type":"text","content":"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 23, 2023 / 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 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 Mercator Geological Services Limited (‘Mercator') in accordance with National Instrument 43-101 (NI 43-101), the CIM Standards (May 10, 2014) and CIM MRMR Best Practice Guidelines (November, 2019).Table 1: Labrador West Mineral Resource Estimate - Effective Date: January 31, 2023TypeCut-o...