High Tide Resources Reports Final Drill Results and Prepares for Maiden Mineral Resource Estimate

TORONTO, ON / ACCESSWIRE / October 25, 2022 / Avidian Gold Corp., (“avidians” or the “company“) (TSXV:AVG) is pleased to announce that approximately 33% owned High Tide Resources Corp (CSE:HTRC) (“High Tide” or the “Company”) announced today the final drill results from the Labrador West Iron Project announced with the successful completion of nearly 2300 meters of additional drilling during the spring/summer drill program These results and all previously reported assay results from 2022 and 2020 as well as Rio Tinto’s historic drill holes, along with metallurgical data, are now being used to refine the geological and lithological model will be used and incorporated into the forthcoming maiden mineral resource estimate.

Steve Roebuck, President and CEO of Avidian, explains: “We look forward to the maiden mineral resource estimate at the Labrador West Iron Project through our controlling interest in High Tide. The southern Labrador Trough is home to four operating iron mines that produce some of the world’s most sought after high grade iron concentrates and pellets. The future of low carbon green steel production will depend heavily on the Southern Trough and projects like Labrador West to increase high quality iron production. High Tide is very well positioned with exciting infrastructure metals projects in safe Canada including the Clearcut Lithium project near Val d’Or and the Lac Pegma copper-nickel-cobalt project near Fermont, Quebec.”

A complete listing of all significant assay results from the spring/summer 2022 drill program at its flagship Labrador West iron project is also provided (see Table 1). For more information and a full press release, visit https://hightideresources.com.

About Avidian Gold Corp.

Avidian brings together a disciplined and experienced team of project managers focused on advanced stage gold exploration projects in Alaska and Nevada. The Company’s district-wide Golden Zone property hosts a NI 43-101 compliant indicated gold resource of 267,400 ounces (4,187,000 tonnes at 1.99 g/t Au) and an inferred gold resource of 35,900 ounces (1,353,000 tonnes at 0.83 g/t Au). g/t Au) within the breccia tube deposit. This resource is exposed at surface and has been pit constrained for an open pit mining scenario. The technical report was submitted on November 17, 2017 and was prepared by Leon McGarry, B.Sc., P.Geo. and Ian D. Trinder, M.Sc., P.Geo. Other projects include the Amanita and Amanita NE gold properties, both adjacent to Kinross Gold’s Fort Knox gold mine in Alaska, and the Jungo gold-copper property in Nevada.

Additional details on the Company and individual projects, including NI 43-101 compliant technical reports on the Golden Zone property, can be found on the Company’s website at www.avidiangold.com.

Table 1: Significant iron intervals of oxide facies iron formation from the 2022 program

About High Tide Resources CorpHigh 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, which is approximately 50 years old kilometers southeast of Fermont, Quebec is earning a 100% interest in the Clearcut Lithium Project, located approximately 75 kilometers southwest of Val d’Or, Quebec. Majority shareholder and parent company 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.

Qualified Person

The technical information contained in this news release has been approved by Steve Roebuck, P.Geo., President and CEO of Avidian, who is a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.

For more information please contact:

Steve Robuck
President & CEO, Director
Mobile: (905) 741-5458
E-mail: This email address is being protected from spam bots. You need JavaScript enabled to view it.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information

This press release contains certain “forward-looking statements” that are not historical facts, including statements regarding the use of proceeds. 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 Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, estimates of mineral resources, exploration and mine development plans, and timing of commencement 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.