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High Tide Reports Iron Assay Results from Labrador West Project

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FAQSIR News Desk
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High Tide Resources Corp. (CSE:HTRC) has reported assay results from its Labrador West Iron Project in Newfoundland and Labrador, including 91.4 metres at 28.7% Fe and 112.6 metres at 27.2% Fe. The company said the results represent complete assays received to date from the relevant drill holes.

#Drilling Results and Mineralization

The Labrador West results cover seven drill holes located outside the project's current pit shell. High Tide said the reported drilling is not limited by a boundary to the north by northeast.

Drill holes 26LB0070 and 26LB0081 are more than 1100 metres apart. According to the company, each hole drilled between those two locations has encountered well-mineralized material. Nearby step-out holes have also displayed similar mineralization, although assays for those holes remain pending.

High Tide's reported significant FeT (%) values are weighted length averages for continuous total iron above 18%, with intervals of up to 9 metres below that grade permitted in the calculation. The company estimates true widths at 80 to 90% of drill core length. All holes were drilled vertically at -90 degrees.

#Current Exploration Programme

High Tide said it has completed 22 drill holes and has two additional holes in progress. The programme has covered more than 5,500 metres of HQ and NQ core, averaging roughly 250 metres per hole.

Assays were completed by independent laboratory Activation Laboratories in Ancaster, Ontario. The company said sample standards were inserted every 20th sample as part of quality control and quality assurance procedures consistent with CIM best practice methods.

#Project Location and Existing Resource

The Labrador West Iron Project is located 20 km northeast of and adjacent to Iron Ore Company of Canada's Carol Lake Mine complex in Labrador City, Newfoundland and Labrador. High Tide owns a 100% interest in the project.

The company states that the project has a NI 43-101 Inferred mineral resource of 655 Mt at 28.84% Fe. That resource was set out in a technical report dated April 6, 2023, and was constrained for an open-pit mining scenario. An inferred mineral resource is not a mineral reserve.

#Regional Infrastructure

The company also referred to a power generation and transmission agreement announced on July 21, 2026, by the governments of Newfoundland and Labrador, Quebec and Canada. Under the agreement, the federal government committed over $1 billion to construction of a Labrador West transmission line intended to support new mining and industrial projects in the Labrador Trough.

High Tide said the region is served by a railway with 80 million tonnes per year of capacity for transporting iron products to the deep-water port of Sept-Îles, Quebec. The project is near the mining communities of Wabush and Labrador City and Fermont, Quebec.

#Risks and Forward-Looking Information

High Tide said forward-looking information in its announcement involves inherent risks and uncertainties and that it provides no assurance that actual results will meet management's expectations.

The risks identified by the company include commodity prices, supply chain disruptions, financing availability and costs, changes in equity markets, delays in project development, and the need for governmental and environmental approvals. The company also cited the possibility that the Labrador West transmission line may not progress as expected or at all.

Additional risks include failure to identify or expand mineral resources, failure to convert estimated mineral resources to reserves, political risks, duties to accommodate First Nations and other Indigenous peoples, and capital and operating costs varying significantly from estimates. High Tide said actual events, results, performance, prospects and opportunities could differ materially from its forward-looking information.

#Key Takeaways

  • High Tide reported intercepts of 91.4 metres at 28.7% Fe and 112.6 metres at 27.2% Fe.
  • The seven reported drill holes are outside the current pit shell.
  • Drill holes 26LB0070 and 26LB0081 are more than 1100 metres apart, with well-mineralized holes reported between them.
  • High Tide has completed 22 drill holes, with two more in progress and more than 5,500 metres of HQ and NQ core drilled.
  • The company states that the project hosts a NI 43-101 Inferred mineral resource of 655 Mt at 28.84% Fe.

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Frequently Asked Questions

High Tide Resources Corp. (CSE:HTRC) has reported assay results from its Labrador West Iron Project, including 91.4 metres of 28.7% Fe and 112.6 metres of 27.2% Fe. The company says these are complete results from the drill holes received to date.
The Project is located 20 km northeast of and adjacent to Iron Ore Company of Canada's Carol Lake Mine complex in Labrador City, Newfoundland and Labrador. High Tide says it owns a 100% interest in the Project.
High Tide says it has completed 22 drill holes, with two more in progress. Total drilling exceeds 5,500 metres of HQ & NQ core, averaging roughly 250 metres per hole. Drill holes 26LB0070 and 26LB0081 are more than 1100 metres apart, and assays from nearby step-out holes are pending.
The source states that true widths are estimated to be 80 to 90% of drill core length. It also says all holes were drilled vertical (-90 degrees), and that significant FeT (%) values are weighted length averages of continuous total iron greater than 18%, allowing for intervals up to 9 metres in width below this grade.
The company states that the Labrador West Iron Project hosts a NI 43-101 Inferred mineral resource of 655 Mt at 28.84% Fe, based on its technical report dated April 6, 2023. The resource was pit constrained for an open-pit mining scenario. An inferred mineral resource is not described in the source as a mineral reserve.
The source says that, 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 construction of a Labrador West transmission line. It also states that the railway serving the region has 80 million tonnes per year of capacity for transporting iron products to the deep-water port of Sept-Îles, Quebec. The source identifies risks including failure of the transmission line to progress as expected or at all, and failure to receive required approvals.
The company says forward-looking information involves inherent risks and uncertainties and provides no assurance that actual results will meet management's expectations. Listed risks include commodity prices, supply chain disruptions, financing availability and costs, changes in equity markets, delays in project development, required governmental and environmental approvals, political risks, duties to accommodate First Nations and other Indigenous peoples, failure to identify or expand mineral resources, failure to convert estimated mineral resources to reserves, and capital and operating costs varying significantly from estimates. The source also says actual events, results and prospects could differ materially from forward-looking information.