High Tide Resources Stakes More Ground at Labrador West Iron Project as Drilling Concludes for 2026
CSE: HTRC
Overview
High Tide Resources Corp. ("High Tide" or the "Company") announced that it has completed the 2026 drilling campaign and staked an additional 925 hectares (37 claims) adjacent to its flagship and 100%-owned Labrador West Iron Ore Project (the "Project" or "Property"), according to the company.
The Project is located 20 km northeast and adjacent to the Iron Ore Company of Canada's ("IOC", majority-owned by Rio Tinto) Carol Lake Mine complex in Labrador City, NL, the company stated. The Labrador West Iron Project's footprint is now 3401 hectares in size, according to the company.
Key Highlights
- The Company staked an additional 925 hectares (37 claims) adjacent to the Labrador West Iron Ore Project, bringing the Project's footprint to 3401 hectares.
- Over the course of the summer drill campaign, the Company completed 27 drill holes for a total of 6335 metres of HQ & NQ core drilled.
- The Company published two press releases, on August 31 and September 16, disclosing assays from its drilling; additional results will be disclosed when received, according to the company.
- The Company thanked Mercator Geological Services, Mustang Helicopters, and Logan Drilling Group International for their work on the program.
- On July 21, 2026, the governments of Newfoundland and Labrador, Quebec and Canada jointly announced a power generation and transmission agreement under which the federal government committed over $1 billion to the construction of a Labrador West transmission line necessary to open new mining and other industrial projects in the Labrador Trough, according to the company.
Strategic/Operational Context
Steve Roebuck, President & CEO of High Tide, commented: "The summer drill campaign was completed safely and to a high technical standard, delivering strong geological data across the full program. We exceeded several operational targets, giving us a robust dataset that materially advances our understanding of the system and positions us well to deliver an updated Mineral Resource Estimate in the coming months. Based on encouraging results along the eastern boundary, we also expanded the project's footprint by staking additional ground to protect that flank while we continue to evaluate the extent of mineralization in that direction."
According to the company, the Labrador Trough of western Labrador and adjoining Quebec constitutes Canada's primary iron producing district and is host to world-class deposits that have been mined for more than half a century, producing over 2 billion tonnes of iron ore to date. The company stated that the high quality of the deposits in the region allows for a wide range in product diversity, including premium concentrate and pellets, both blast furnace and direct reduction grades.
The Labrador West Iron Project is strategically located near the mining communities of Wabush and Labrador City in the province of Newfoundland & Labrador and Fermont, Quebec, according to the company. The area is home to Champion Iron's Kami Deposit and Bloom Lake Mine, ArcelorMittal's Mont-Wright Mine, Tacora Resources' Scully Mine and Rio Tinto IOC's Carol Lake Mine, the company noted. The Wabush and Labrador City region is served with skilled labour and a highway as well as access to abundant low-cost hydroelectricity and a common carrier railway, which has 80 million tonnes per year of capacity for transport of iron products to the deep-water port of Sept-Îles, Quebec, providing year-round access to global markets, according to the company.
What to Watch Next
- Additional assay results from the 2026 drilling program are expected to be disclosed when received, according to the company.
- The Company stated it is positioned to deliver an updated Mineral Resource Estimate in the coming months.
- The Company intends to continue evaluating the extent of mineralization along the eastern boundary of the Project, according to the company.
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 licence from local communities. High Tide owns a 100% interest in the Labrador West Iron Project which hosts a NI 43-101 Inferred mineral resource of 655 Mt at 28.84% Fe, as set out in the Company's technical report dated April 6, 2023 and is located adjacent to IOC'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., Catherine 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.
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