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High Tide Resources (CSE:HTRC) reports final assay results from Labrador West Iron Project and completes geophysical survey at Clearcut Lithium Project

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CSE:HTRC
26 October 2022 12:00 (EDT)

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High Tide Resources Corp. (HTRC) has reported final assay results from the 2022 spring/summer drilling program at its flagship Labrador West Iron Project.

The project is located 20 km northeast and adjacent to IOC/Rio Tinto’s Carol Lake Mine complex in Labrador City, Newfoundland.

The company has completed a high-resolution heliborne magnetic & spectrometric survey at its 14,400-hectare Clearcut Lithium Project in Quebec.

Steve Roebuck, Director, President & Interim CEO of High Tide, sat down with Sabrina Cuthbert to discuss the results.

We are very pleased to report more significant iron intercepts from the important oxide-facies iron formation drilled at our Labrador West Iron Project. These results, and all previously reported assays along with metallurgical data, are now being used to refine our geological and lithological model and will be incorporated into the upcoming maiden mineral resource estimate.

The Clearcut Lithium project in Quebec represents an exceptional opportunity for both High Tide and Avidian shareholders. Given the recent activity in the domestic and global lithium markets, with record high prices and very strong demand from the electric vehicle and battery storage markets, the company is well-positioned to benefit from this massive increase in demand.

The Labrador West Iron Project is comprised of four mineral licences (99 mineral claims), totalling 2,475 hectares.

The Clearcut Lithium Project consists of 249 claims accessible by a network of logging roads.

High Tide is focused on the development of advanced-stage iron ore and battery metal projects in Canada.

High Tide Resources Corp. (HTRC) opened trading at C$0.10.


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