2022-10-26 | CSE:HTRC | Press Release
TORONTO, ON / ACCESSWIRE / October 26, 2022 / High Tide Resources Corp. (“flood” or the “company“) (CSE:HTRC) is pleased to announce that it has completed a high resolution heliborne magnetic and spectrometric survey (Figure 1) on its 14,400 hectare Clearcut Lithium project (‘Property’) in the emerging Cadillac-Pontiac lithium camp southwest of Val d’Or, Quebec (Figure 2).
Steve Roebuck, High Tide’s director, president and interim CEO, explains“The Clearcut Lithium Project in Quebec represents an exceptional opportunity for both High Tide and Avidian shareholders. The Company is well positioned to benefit from this massive increase in demand.”
The property consists of 249 claims accessed through a network of logging roads (Figure 3) which increases efficiency and reduces exploration costs. The 1975 Quebec MERN report DP-338 indicates that the property is almost entirely underlain by granite with pegmatite. The Company and its technical consultants are currently reviewing the recently acquired data and preparing for a site survey in the coming weeks. More information will be shared once the data has been processed and the destinations selected.
Figure 1: Clearcut Lithium geophysical survey outline
High Tide is focused on and committed to the development of late-stage mineral projects in Canada by applying industry best practices combined 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 has a 100% interest in the Lac Pegma copper-nickel-cobalt deposit located 50 km south-east of Fermont. Quebec and is earning a 100% interest in the Clearcut Lithium Project, located approximately 75 kilometers southwest of Val d’Or, Quebec. Majority shareholder Avidian Gold (TSX.V:AVG) controls approximately 33% of High Tide’s outstanding shares.
Additional Company details, including a NI 43-101 Technical Report on the Labrador West Iron property, are available on the Company’s website at www.hightideresources.com.
The technical information contained in this press release has been approved by Steve Roebuck,
P.Geo., Director, President and Interim CEO of High Tide, who is a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.
For more information please contact:
Director, President and interim CEO
Mobile: (905) 741-5458
Email: [email protected]
Neither the Canadian Securities Exchange nor its regulatory service provider (as that term is defined in the policies of the Canadian Securities Exchange) 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, objectives or goals, including statements that state that the Company or management expects a specified condition or result to occur. Forward-looking statements may be identified by terms such as “believe,” “anticipate,” “expect,” “estimate,” “may,” “might,” “would,” “will,” or “plan.” Because forward-looking statements are based on assumptions and relate to future events and conditions, by their nature they involve risks and uncertainties. Although these statements are based on information currently available to the company, the company makes no representation that actual results will meet management’s expectations. Risks, uncertainties and other factors involved in 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 in this press release includes, but is not limited to, the listing of the Company’s shares on the CSE, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, estimates of mineral resources, exploration and mine development plans, timing of operations and Estimates of Market Conditions. Factors that could cause actual results to differ materially from such forward-looking information include, among others: the ability to predict and counteract the impact of the COVID-19 pandemic on the Company’s business, including without limitation to the impact of COVID -19 on the capital markets, supply chain disruptions in commodity prices, restrictions on labor and job attendance and local and international travel, failure to obtain necessary permits in relation to the foregoing, failure to identify mineral resources, failure to convert estimated mineral resources into reserves, inability to complete a feasibility study recommending a production decision, the preliminary nature of metallurgical test results, delays in obtaining or non-obtaining of required regulatory information r, environmental or other project permits, political risk, inability to meet First Nations and other Indigenous Peoples enrollment obligations, uncertainties related to the availability, amount and cost of funding needed in the future, changes in stock markets, inflation, changes exchange rates, fluctuations in commodity prices, delays in project development, capital and operating costs that differ materially from estimates, and the other risks associated with the mineral exploration and development industry and those risks discussed in the public documents filed on SEDAR of the company are listed. Although the Company believes that the assumptions and factors used in preparing the forward-looking information contained in this press release are reasonable, undue reliance should not be placed on such information, which speaks only as of the date of this press release and does not constitute any representation can be assumed that such events will occur in the periods indicated 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 2: Clearcut Lithium Project location map with other Company claims
Figure 3. Clearcut Lithium Project property map showing roads and possible pegmatite outcrop.
SOURCE: High Tide Resources Corp.
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