Announcement Date: 2022-08-23
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: High Tide Resources Corp.
Project name: Labrador West
Location: Canada
Commodities: Iron
Highlight: Drilling results incl. 124.9m @ 28.23% Fe from 26.3m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: TORONTO, August 23, 2022 – High Tide Resources Corp. (“High Tide” or the “Company”) (CSE: HTRC) is pleased to report assay results (Table 1) from drill holes 22LB0061 and 22LB0062 from the 2022 spring/summer drilling program at its flagship Labrador West Iron Project (the “Project” or “Property”). The Project is located 20 km northeast and adjacent to IOC/Rio Tinto’s Carol Lake Mine complex in Labrador City, Newfoundland (Figure 1). A total of 2298 metres of core was drilled with iron mineralization visually identified in all seven HQ/NQ-diameter diamond dill holes (Figure 2). The 2022 drill program was designed to in-fill between recent and historical drill holes and test for depth and lateral continuity in preparation for a maiden resource later this year. Drill holes 22LB0061 & 22LB0062 were drilled to a depth of 252 metres and 350 metres respectively intersecting multiple horizons of Sokomon Iron Formation (Figure 3). The oxide facies of the Sokomon Iron Formation are dominated by the iron oxide minerals, hematite and magnetite accompanied by quartz occurring predominantly as chert. There may be accessory carbonates
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