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High Tide Resources Completes Drill Program at Labrador West Iron Project
Significant Thicknesses of Iron Mineralization Identified in All Holes TORONTO, ON / ACCESSWIRE / July 26, 2022 / High Tide Resources Corp. ("High Tide" or the
About this update from High Tide Resources Corp.
[{"type":"text","content":" Significant Thicknesses of Iron Mineralization Identified in All Holes TORONTO, ON / ACCESSWIRE / July 26, 2022 / High Tide Resources Corp. (\"High Tide\" or the \"Company\") (CSE:HTRC) is pleased to announce the completion of the spring/summer drilling program at its flagship Labrador West Iron Project (the \"Project\" or \"Property\") located 20 km northeast and adjacent to IOC/Rio Tinto's Carol Lake Mine complex in Labrador City, Newfoundland (Figure 1). Steve Roebuck, Director, President & Interim CEO of High Tide states, \"Completing this program marks a significant milestone for High Tide and the Labrador West Iron Project's continued development. We are on schedule to meet our main objective of preparing a maiden resource before the end of the year on a new, and significant, iron deposit in the heart of the southern Labrador Trough in safe, secure and accessible Canada.\" A total of 2298 metres were drilled with significant iron mineralization visually identified in all seven HQ-diameter diamond dill holes (Figure 2). The core is being logged and sampled at High Tide's core shack located in Labrador City with all samples being shipped to Activation Laboratories in Ancaster, Ontario for sample preparation and analytical testing. Assays will be reported in a timely manner. Labrador West Iron Project High Tide plans to quickly advance the Project through the drilling phase, release a maiden resource and potentially commence a PEA level study all within the first 12 months of going public. Explored and drilled by Rio Tinto Exploration from 2010 to 2012, and by High Tide Resources in 2020 & 2022, with 27 core holes and ~7,500 metres of drill core the deposit is ready for rapid advancement. Located only 20 kilometres northeast of Labrador City, the Project is proximal to all the critical infrastructure required to explore and develop a major new iron deposit, in the heart of the southern Labrador Trough. Iron and the Western Labrador Trough Infrastructure Advantage The Labrador Trough of western Labrador and adjoining Quebec constitutes Canada's premier iron producing district and is host to world-class deposits that have been mined for more than half a century. These have produced over 2 billion tonnes of iron ore to date and are considered to have very significant growth potential. The high quality of the deposits in...