High Tide Resources Corp. Provides Drilling Update from Labrador West Iron Project
CSE: HTRC
Overview
High Tide Resources Corp. (CSE: HTRC) provided an update on its 2026 drilling program at the Labrador West Iron Project on July 16, 2026. According to the company, drilling continues to progress with daily production rates and steady core flow to the assay lab.
As of the date of the release, the company reported that 12 drill holes have been completed, with two additional holes currently in progress. A total of 3,500 metres of HQ core has been drilled, with an average hole length of approximately 280 metres. With two rigs operating, daily production has averaged 80 metres per day, keeping the program on schedule, according to the company.
Key Highlights
- 12 drill holes completed to date, with two additional holes currently in progress
- 3,500 metres of HQ core drilled; average hole length of approximately 280 metres
- Two rigs operating with average daily production of 80 metres per day
- Core from nine holes logged, sampled, and submitted for analysis; remaining holes being logged and split
- First assay results expected toward the end of the month, in line with the laboratory's four- to six-week turnaround time
- Airborne drone magnetic geophysical survey completed over the central and eastern portion of the project area; final processed results expected shortly
- Metallurgical testwork at SGA's laboratory in Germany progressing, with pilot plant-scale testwork preparation underway; the pilot plant will use gravity concentration and flotation to produce concentrate from 2.5 tonnes of coarse reject drill core material collected in the 2022 drill program
Operational Context
Steve Roebuck, President and CEO of High Tide, stated: "Our geology team and drill crews are doing excellent work, and the program is advancing efficiently. Core quality has been consistently good, and with assays pending, we're encouraged by the potential to expand the mineralized footprint and support future resource growth. Ongoing metallurgical testwork at SGA's laboratory in Germany is progressing well as we prepare to begin pilot plant-scale testwork. The pilot plant will use gravity concentration and flotation to produce concentrate from 2.5 tonnes of coarse reject drill core material collected in the 2022 drill program."
The company stated that final processed results from the airborne drone magnetic geophysical survey will be integrated with drilling data to refine geological interpretation and guide future targeting. The Labrador West Iron Project is located near the mining communities of Labrador City and Wabush in western Labrador and, according to the company, benefits from established infrastructure including road access, nearby power, and proximity to rail.
What to Watch Next
- First assay results expected toward the end of the month
- Final processed results from airborne drone magnetic geophysical survey expected shortly
- Continued drilling of remaining planned metres
- Ongoing core logging, sampling, and assay submissions
- Integration of geophysics and drilling data into updated geological model, with results to be applied toward resource expansion and future economic studies
- Continued metallurgical testwork at SGA's laboratory in Germany
About High Tide Resources Corp.
High Tide is focused on and committed to the development of mineral projects critical to infrastructure development using industry best practices combined with a strong social license from local communities. High Tide owns a 100% interest in the Labrador West Iron Project which hosts a NI 43-101 Inferred iron resource of 655 Mt @ 28.84% Fe and is located adjacent to IOCC's Carol Lake Mine in Labrador City, NL. This resource is exposed at surface and was pit constrained for an open-pit mining scenario. The Technical Report was filed on SEDAR on April 6, 2023 and was authored by Ryan Kressall M.Sc., P.Geo, Matthew Herrington, M.Sc., P.Geo, Catharine Pelletier, P.Eng. and Jeffrey Cassoff P.Eng.
The Company also owns a 100% interest in the Lac Pegma copper-nickel-cobalt deposit located 50 kilometres southeast of Fermont, Quebec.
Further details on the Company, including a NI 43-101 technical report on the Labrador West Iron property can be found on the Company's website at www.hightideresources.com.
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