High Tide Resources Reports 91.4 Metres of 28.7% Fe and 112.6 Metres of 27.2% Fe from Labrador West Iron Project
CSE: HTRC
High Tide Resources Corp. ("High Tide" or the "Company") announced assay results from its flagship Labrador West Iron Project (the "Project" or "Property"), according to the company. The Project is located 20 km northeast of and adjacent to the Iron Ore Company of Canada's ("IOC", majority-owned by Rio Tinto) Carol Lake Mine complex in Labrador City, Newfoundland and Labrador, the company stated.
The results reported include 91.4 metres of 28.7% Fe and 112.6 metres of 27.2% Fe, as stated in the press release headline. The company also stated that new drilling has extended iron oxide mineralization by over 1,100 metres.
Key Highlights
- Assay results include 91.4 metres of 28.7% Fe and 112.6 metres of 27.2% Fe, according to the company.
- New drilling has extended iron oxide mineralization by over 1,100 metres, according to the company.
- The Labrador West Iron Project is located 20 km northeast of and adjacent to IOC's Carol Lake Mine complex in Labrador City, NL, according to the company.
- Table 1 in the release lists significant iron intercepts of oxide-facies iron formation across multiple drill holes.
Assay Results (Table 1: Significant Iron Intercepts of Oxide-Facies Iron Formation)
- Hole 26LB0067: 6.9 to 68.0 m (61.1 m) at 27.5% FeT; including 83.0 to 179.0 m (96.0 m) at 26.3% FeT; including 209.0 to 242.0 m (33.0 m) at 24.4% FeT.
- Hole 26LB0068: 23.0 to 276.9 m (253.9 m) at 25.9% FeT; including 23.0 to 41.0 m (18.0 m) at 33.2% FeT; including 50.0 to 135.6 m (85.6 m) at 27.6% FeT; including 144.8 to 175.3 m (30.5 m) at 25.9% FeT; including 183.7 to 276.9 m (93.2 m) at 25.3% FeT.
- Hole 26LB0069: 95.0 to 186.4 m (91.4 m) at 28.7% FeT; including 131.0 to 173.0 m (42.0 m) at 23.1% FeT; including 200.0 to 245.0 m (45.0 m) at 22.6% FeT.
- Hole 26LB0070: 8.1 to 14.5 m (6.4 m) at 26.6% FeT; including 59.0 to 110.0 m (51.0 m) at 23.3% FeT; including 146.0 to 170.0 m (24.0 m) at 25.5% FeT.
Additional drill hole data, including results referenced in the release headline for 112.6 metres of 27.2% Fe, extend beyond the intercepts detailed above; specific hole-level figures for that interval are according to the company as stated in the press release.
Strategic/Operational Context
According to the company, the assay results pertain to the Labrador West Iron Project, situated adjacent to IOC's Carol Lake Mine complex. The company stated that new drilling has extended iron oxide mineralization at the Project by over 1,100 metres.
About High Tide Resources Corp.
According to the press release, High Tide Resources Corp. (CSE:HTRC) is advancing assay work at its flagship Labrador West Iron Project, located 20 km northeast of and adjacent to the Iron Ore Company of Canada's (IOC, majority-owned by Rio Tinto) Carol Lake Mine complex in Labrador City, Newfoundland and Labrador.
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