| Announcement Date: | 2022-10-25 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Avidian Gold Corp. |
| Project name: | Labrador West |
| Location: | Canada |
| Commodities: | Iron |
| Highlight: | Drilling results incl. 205.16m at 32.06% Fe from 4.6m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Toronto, Ontario – October 25, 2022: Avidian Gold Corp., (“Avidian” or the “Company”) (TSX-V: AVG) advises that ~33% owned High Tide Resources Corp (CSE: HTRC) (“High Tide” or the “Company”) today announced final drill results from the Labrador West Iron Project successfully completing almost 2300 metres of additional drilling during the spring/summer drill program. These results, and all previously reported assays from 2022 and 2020 plus the historical Rio Tinto holes, along with metallurgical data, are now being used to refine the geological and lithological model and will be incorporated into the upcoming maiden mineral resource estimate. Avidian President & CEO Steve Roebuck states: “We look forward to the maiden mineral resource estimate at the Labrador West Iron Project through our majority ownership in High Tide. The southern Labrador Trough is home to four operating iron mines producing some of the world’s most in-demand high-grade iron concentrates and pellets. The future of low-carbon green steel production will rely heavily upon the southern Trough |
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