# Avidian's Majority Owned High Tide Resources Announces Maiden Mineral Resource Estimate at its Labrador West Iron Project Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/avidian-s-majority-owned-high-tide-resources-announces-maiden-mineral-resource-e--132b34f8-a11d-4249-9f4d-0ba8c1e38b6f Original source: https://money.tmx.com/en/quote/AVG/news/8575624568007897/avidian-s-majority-owned-high-tide-resources-announces-maiden-mineral-resource-e Publisher: tmx Original announcement: 2023-02-24T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Avidian Gold Corp. - Ticker: AVG - Exchange: TSX - Region: Labrador - Primary commodity: Iron ore - Secondary commodities: None reported - Document categories: Resource update - Extracted: 2026-09-19 16:32:20 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary High Tide Resources has announced a maiden Inferred Mineral Resource Estimate for its Labrador West Iron Project totaling 654.9 million tonnes at 28.8% FeT. The resource is constrained within an optimized pit shell and was prepared in compliance with NI 43-101 standards. Reasoning: The announcement of a maiden 654.9 Mt iron resource at 28.8% FeT is a major milestone for High Tide Resources, though the resource is entirely in the Inferred category. - Positive factor: Maiden Mineral Resource Estimate announced - Positive factor: Substantial tonnage of 654.9 Mt - Positive factor: High grade of 28.8% FeT - Positive factor: NI 43-101 compliant - Positive factor: QA/QC protocols and accredited lab \(Actlabs\) disclosed - Negative factor: 100% Inferred category \(no M&I component\) Facts used in scoring: 1 ## Classification and evidence **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. No prior estimate exists, so every change band is not applicable. Why it applies: This is the first formal MRE for the Labrador West Iron Project. Evidence · text > is pleased to announce the release of its maiden Mineral Resource Estimate \("MRE"\) **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The entire resource is classified as Inferred. Evidence · text > Inferred Mineral Resource of 654.9 Million Tonnes Grading 28.8% Total Iron **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The MRE was prepared in accordance with NI 43-101 standards. Evidence · text > prepared by Mercator Geological Services Limited \(‘Mercator'\) in accordance with National Instrument 43-101 **QA/QC Disclosed** Polarity: positive Story-specific tag Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release provides detailed sampling protocols, use of CRMs, and lab accreditation. Evidence · text > Actlabs is an accredited analytical services firm that is ISO 17025 registered. **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: A current resource fact retains the disclosed cut-off grade ## Extracted facts Stored fact records: 1. Some facts used in scoring do not have a stored record. ## Resource Estimates (1) ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/avidian-s-majority-owned-high-tide-resources-announces-maiden-mineral-resource-e--132b34f8-a11d-4249-9f4d-0ba8c1e38b6f#fact-resource-facts-0) Labrador West Iron Project · iron\_ore #### Identity - Project: Labrador West Iron Project - Commodity: iron\_ore - Region: labrador - Reported Region: Labrador - Ticker: AVG #### Resource scope - Estimate type: resource - Effective date: 2023-01-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Ryan Kressall, Matthew Harrington - Resource group id: resource:a00f6057ad76865c3773 - Deposit or zone: Pit Shell Constrained - Mining method: open\_pit - Material type: oxide #### Resource Data - Category: inferred - Tonnes: 654900000 - Grade: 28.84 - Grade Unit: % - Cutoff Grade: 15 - Cutoff Unit: % FeT #### Prior Estimate - Resource Date: 2023-01-31 #### Lab - Laboratory: Actlabs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2023-02-24T00:00:00.000Z Reasoning: Significant maiden resource discovery, but geological confidence is limited to the Inferred category. - Positive factor: Large tonnage - Positive factor: High grade for iron ore - Negative factor: Entirely Inferred Evidence · table > 28.84 Context: 654.9 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.