TORONTO, ON / ACCESSWIRE / January 16, 2023 / High Tide Resources Corp. (“High tide” or “Company“) (CSE:HTRC) announces today that it has completed the Phase 1 geo-exploration program for the 14,400 hectare Clearcut Lithium Project (the “Property”) located in the nascent Cadillac-Pontiac lithium field southwest of Val d’Or, Quebec (Figure 1). Companies already operating at the camp include Winsome Resources, Sayona Mining, Vision Lithium, Brunswick Exploration and Renforth Resources.
Steve Roebuck, High Tide States Director, President and Interim CEO“The survey team carried out an excellent first-time ground survey program in a large area under challenging weather conditions in late 2022. Combined with LiDAR reprocessing and digital mapping, we now have a much better understanding of the geology on parts of the property and will use this, along with analytical geochemistry and new airborne geophysics, to refine our survey model as we prepare for 2023 for the spring research program of .
The exploration program was conducted by ALS GoldSpot Discoveries Ltd. (formerly GoldSpot Discoveries Corp.) technical team to identify lithium-cesium-tantalum-bearing pegmatite bodies (LCT-Pegmatite) using systematic rock geochemical sampling of all pegmatite bodies and felsic intrusions. A total of 294 stations were described for geology and 142 rock samples were collected (Figure 2) and sent to ALS Labs – an accredited laboratory – for analysis using the ME-ICP81 and ME-MS81 packages. Quality assurance and quality control procedures have been implemented to ensure best practice in rock sampling and analysis: standards and blanks were regularly introduced into the sample stream. The results of the analysis are still pending.
The property consists of 249 claims accessible through a network of logging roads, which increases efficiency and reduces survey costs. The 2022 Geology Program highlighted felsic to intermediate intrusions, including granite, granodiorite, tonalite and diorite, which locally contain discontinuous biotite-muscovite-bearing pegmatite dikes. The field program, along with a new airborne magnetic and radiometric survey in 2022, will provide unprecedented insight into the geological framework of the property for further exploration. Field data and analysis interpretations are performed by the same team of ALS GoldSpot experts to create a prospect analysis of LCT-Pegmatites using a hybrid approach of machine learning techniques and geoscience expertise.
About the rise
High Tide is focused and committed to developing advanced mineral projects in Canada using industry best practices with a strong social license from local communities. High Tide owns a 100% interest in the Labrador West Iron Project, located adjacent to the Carol Lake mine in Labrador City, NF, and owns a 100% interest in the Lac Pegma copper-nickel-cobalt deposit located 50 kilometers southeast of Quebec and Fermont. earns a 100% interest in the Clearcut Lithium Project, located ~75 kilometers southwest of Val d’Or, Quebec. Majority shareholder Avidian Gold (TSX.V: AVG) controls approximately 33% of High Tide’s outstanding shares.
Further information about the Company, including the NI 43-101 technical report on the Labrador West Iron property, is available on the Company’s website at www.hightideresources.com.
The technical information contained in this press release has been prepared in accordance with the Canadian regulatory requirements set out in NI 43-101 – Mineral Project Disclosure Standards and has been reviewed and approved by professional geologist Ludovic Bigot (OGQ – P.GEO No. 01655), a qualified person under to NI 43-101 guidelines.
For more information, please contact:
Director, President and Interim CEO
Cell: (905) 741-5458
Neither the Canadian Securities Exchange nor its regulatory services provider (as that term is defined in the Canadian Securities Exchange Policy) accepts responsibility for the adequacy or accuracy of this press release.
This press release contains certain “forward-looking statements” that are not historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, goals or objectives, including statements that the Company or management expects a certain condition or result to occur. Forward-looking statements can be identified by terms such as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will” or “plan”. Because forward-looking statements are based on assumptions and address future events and conditions, they inherently involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company gives no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors associated with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information contained in this press release includes, but is not limited to, the listing of the Company’s stock on the CSE, the Company’s goals, objectives or future plans, statements, exploration results, potential mineralization, mineral reserve estimates, exploration and mining. development plans, timing of the start of operations and assessments of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: our ability to anticipate and cope with the effects of the COVID-19 pandemic on the Company’s business, including without limitation the effects of COVID. -19 in the capital markets, disruptions in the supply chain of commodity prices, restrictions on labor and workplace attendance and lack of local and international travel, failure to obtain the necessary confirmations related to the above, failure to identify mineral resources, failure to convert estimated mineral reserves into reserves. , the inability to complete a feasibility study recommending a production decision, the preliminary nature of metallurgical test results, delays or failures in obtaining required governmental, environmental or other project approvals, political risks, the inability to fulfill the obligation to accept First Nations and other indigenous peoples, uncertainties related to the availability of future financing requirements costs and expenses, changes in stock markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs that differ significantly from forecasts and other risks associated with the mineral exploration and development industry and those risks set forth in the Company’s public filings on SEDAR. Although the Company believes that the assumptions and factors used in the preparation of the forward-looking information contained in this press release are reasonable, undue reliance should not be placed on such information, which is current only as of the date of this press release, and does not constitute assurance. provided that such events occur within the disclosed time periods or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
Figure 1: Clearcut Lithium Project location map with other company claims.
Figure 2: Clearcut Lithium Project sample, station and traverse location map for the November 2022 field program.
SOURCE: High Tide Resources Corp.