High Tide Reports 128.9 Metres of 30.2% Fe and 179.6 Metres of 26.7% Fe from Labrador West Iron Project

Original announcement by cse on

Company
High Tide Resources Corp.
Ticker
HTRC
Exchange
CSE
Region
Newfoundland & Labrador
Primary commodity
Iron ore
Secondary commodities
None reported
Document categories
Drill results, Resource update
Extracted
2026-09-22 07:37:26 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

High Tide Resources Corp. announced strong iron drill results from its Labrador West Iron Project, including 128.9 metres of 30.2% Fe and 179.6 metres of 26.7% Fe. The drilling successfully extended mineralization beyond the existing resource boundary, with 11 of 13 holes located outside the current resource. The company expects these results to contribute to an updated mineral resource estimate later this year. The project is strategically located near existing iron ore operations in Newfoundland & Labrador, benefiting from established infrastructure and a new power transmission agreement.

Reasoning: High Tide reports strong iron drill results with significant widths and grades above the project average, extending mineralization beyond the current resource boundary. The project benefits from good infrastructure and QA/QC is disclosed. The vertical drilling orientation is noted as a potential factor for true width estimation.

Positive factors

  • High-grade iron intercepts reported, including 128.9m at 30.2% Fe and 179.6m at 26.7% Fe, which are above the project average and prior best intercept.
  • Drilling extends mineralization beyond the existing resource boundary, indicating potential for resource growth.
  • Good QA/QC disclosure with certified lab and QP sign-off.
  • Project is strategically located in a world-class iron producing district with good infrastructure.

Negative factors

  • Drill holes are vertical, which may not be optimal for true width estimation if mineralization is not horizontal.

Facts used in scoring: 22

Classification and evidence

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: True widths are estimated to be 80 to 90% of drill core length.

Evidence · text

“True Widths are estimated to be 80 to 90% of drill core length”

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: Assays were completed at Activation Laboratories (“ActLabs”) and sample standards were submitted every 20th sample.

Evidence · text

“Assays were completed at Activation Laboratories (“ActLabs”) in Ancaster Ontario, which is independent of High Tide. At ActLabs, analysis followed a specific sample preparation protocol and analysis regime. In addition, sample standards were submitted every 20th sample to ensure quality control and quality assurance consistent with CIM best practice methods.”

QP/CP Signedpositive

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: Steve Roebuck, P.Geo., Director, President and CEO of High Tide, approved the technical information as a Qualified Person.

Evidence · text

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

Step-Out Extensionpositive

Mineralization extended beyond the previously known limit.

Why it applies: 11 of the drill holes have been outside the existing resource boundary and will be very beneficial when it comes time for the updated mineral resource estimate.

Evidence · text

“Impressively, 11 of the drill holes have been outside the existing resource boundary and will be very beneficial when it comes time for the updated mineral resource estimate later this year.”

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: The Project is located 20 km northeast and adjacent to the Iron Ore Company of Canada’s Carol Lake Mine complex.

Evidence · text

“The Project is located 20 km northeast and adjacent to the Iron Ore Company of Canada’s (“IOC”, majority-owned by Rio Tinto) Carol Lake Mine complex in Labrador City, NL (Figure 7).”

Cut-off Disclosedpositive

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

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The source explicitly discloses a revised resource estimate

Evidence · text

“updated mineral resource estimate”

Extracted facts

Stored fact records: 22. Some facts used in scoring do not have a stored record.

Drill Results (21)

26LB0071Labrador West · iron_oreGrade: 30.2Grade Unit: %Intercept: 128.9 mView all details
Link to this fact

Identity

Hole ID
26LB0071
Project
Labrador West
Commodity
iron_ore
Region
canada_nl
Reported Region
canada_nl
Ticker
HTRC

Geometry

Grade
30.2
Grade Unit
%
Intercept
128.9 m
True Width
103.12 m
From
7.2 m
To
136 m
Intercept Depth
7.2 m

Classification

Program
exploration
Sample Type
drill
Group ID
26LB0071:7.2-136
Mining Method
open_pit

Location

Easting
650799
Northing
5897018
CRS
NAD83 Zone 19N
Dip
-90 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
Activation Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards

Compositing

Cutoff Grade
18
Cutoff Unit
%
Max Dilution
9 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: This intercept shows exceptional grade and width for iron ore, significantly exceeding the project's average and prior best. The estimated true width adds confidence, and its location outside the current resource boundary is a strong positive for future resource growth.

Positive factors

  • High grade (30.2% Fe) and significant width (128.9m) for iron ore.
  • Grade is above the project average (27.95% Fe) and prior best intercept (28.7% Fe).
  • True width estimated at 80-90% of core length, providing good confidence in thickness.
  • Intercept is outside the existing resource boundary, indicating potential for resource expansion.

Evidence · table

“30.2”

Context: 128.9

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 103.12

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "High Tide Reports 128.9 Metres of 30.2% Fe and 179.6 Metres of 26.7% Fe from Labrador West Iron Project Drilling Continu"

26LB0071Labrador West · iron_oreGrade: 24.9Grade Unit: %Intercept: 47.6 mView all details
Link to this fact

Identity

Hole ID
26LB0071
Project
Labrador West
Commodity
iron_ore
Region
canada_nl
Reported Region
canada_nl
Ticker
HTRC

Geometry

Grade
24.9
Grade Unit
%
Intercept
47.6 m
True Width
38.08 m
From
171.2 m
To
218.8 m
Intercept Depth
171.2 m

Classification

Program
exploration
Sample Type
drill
Group ID
26LB0071:171.2-218.8
Mining Method
open_pit

Location

Easting
650799
Northing
5897018
CRS
NAD83 Zone 19N
Dip
-90 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
Activation Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards

Compositing

Cutoff Grade
18
Cutoff Unit
%
Max Dilution
9 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: This intercept provides a good width and economic grade, contributing positively to the overall drill program. The estimated true width enhances confidence in the reported thickness.

Positive factors

  • Good width (47.6m) and economic grade (24.9% Fe) for iron ore.
  • True width estimated at 80-90% of core length, providing good confidence in thickness.

Evidence · table

“24.9”

Context: 47.6

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 38.08

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "High Tide Reports 128.9 Metres of 30.2% Fe and 179.6 Metres of 26.7% Fe from Labrador West Iron Project Drilling Continu"

26LB0071Labrador West · iron_oreGrade: 24.8Grade Unit: %Intercept: 16.3 mView all details
Link to this fact

Identity

Hole ID
26LB0071
Project
Labrador West
Commodity
iron_ore
Region
canada_nl
Reported Region
canada_nl
Ticker
HTRC

Geometry

Grade
24.8
Grade Unit
%
Intercept
16.3 m
True Width
13.04 m
From
261.5 m
To
277.8 m
Intercept Depth
261.5 m

Classification

Program
exploration
Sample Type
drill
Group ID
26LB0071:261.5-277.8
Mining Method
open_pit

Location

Easting
650799
Northing
5897018
CRS
NAD83 Zone 19N
Dip
-90 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
Activation Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards

Compositing

Cutoff Grade
18
Cutoff Unit
%
Max Dilution
9 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: This intercept shows an economic grade over a moderate width, contributing to the overall positive results of the hole. The estimated true width adds confidence.

Positive factors

  • Economic grade (24.8% Fe) for iron ore.
  • True width estimated at 80-90% of core length.

Evidence · table

“24.8”

Context: 16.3

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 13.04

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "High Tide Reports 128.9 Metres of 30.2% Fe and 179.6 Metres of 26.7% Fe from Labrador West Iron Project Drilling Continu"

26LB0072Labrador West · iron_oreGrade: 26.5Grade Unit: %Intercept: 22.1 mView all details
Link to this fact

Identity

Hole ID
26LB0072
Project
Labrador West
Commodity
iron_ore
Region
canada_nl
Reported Region
canada_nl
Ticker
HTRC

Geometry

Grade
26.5
Grade Unit
%
Intercept
22.1 m
True Width
17.68 m
From
9.9 m
To
32 m
Intercept Depth
9.9 m

Classification

Program
exploration
Sample Type
drill
Group ID
26LB0072:9.9-32
Mining Method
open_pit

Location

Easting
651996
Northing
5896452
CRS
NAD83 Zone 19N
Dip
-90 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
Activation Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards

Compositing

Cutoff Grade
18
Cutoff Unit
%
Max Dilution
9 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: This intercept shows good grade and width, contributing positively to the overall results of the hole. The estimated true width enhances confidence.

Positive factors

  • Good grade (26.5% Fe) and width (22.1m) for iron ore.
  • True width estimated at 80-90% of core length.

Evidence · table

“26.5”

Context: 22.1

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 17.68

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "High Tide Reports 128.9 Metres of 30.2% Fe and 179.6 Metres of 26.7% Fe from Labrador West Iron Project Drilling Continu"

26LB0072Labrador West · iron_oreGrade: 27.9Grade Unit: %Intercept: 30 mView all details
Link to this fact

Identity

Hole ID
26LB0072
Project
Labrador West
Commodity
iron_ore
Region
canada_nl
Reported Region
canada_nl
Ticker
HTRC

Geometry

Grade
27.9
Grade Unit
%
Intercept
30 m
True Width
24 m
From
38 m
To
68 m
Intercept Depth
38 m

Classification

Program
exploration
Sample Type
drill
Group ID
26LB0072:38-68
Mining Method
open_pit

Location

Easting
651996
Northing
5896452
CRS
NAD83 Zone 19N
Dip
-90 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
Activation Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards

Compositing

Cutoff Grade
18
Cutoff Unit
%
Max Dilution
9 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: This intercept shows strong grade and good width, aligning with the project's average. The estimated true width adds confidence to the reported thickness.

Positive factors

  • Strong grade (27.9% Fe) and good width (30.0m) for iron ore.
  • Grade is near the project average (27.95% Fe).
  • True width estimated at 80-90% of core length.

Evidence · table

“27.9”

Context: 30.0

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 24

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "High Tide Reports 128.9 Metres of 30.2% Fe and 179.6 Metres of 26.7% Fe from Labrador West Iron Project Drilling Continu"

26LB0072Labrador West · iron_oreGrade: 24.2Grade Unit: %Intercept: 57 mView all details
Link to this fact

Identity

Hole ID
26LB0072
Project
Labrador West
Commodity
iron_ore
Region
canada_nl
Reported Region
canada_nl
Ticker
HTRC

Geometry

Grade
24.2
Grade Unit
%
Intercept
57 m
True Width
45.6 m
From
86 m
To
143 m
Intercept Depth
86 m

Classification

Program
exploration
Sample Type
drill
Group ID
26LB0072:86-143
Mining Method
open_pit

Location

Easting
651996
Northing
5896452
CRS
NAD83 Zone 19N
Dip
-90 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
Activation Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards

Compositing

Cutoff Grade
18
Cutoff Unit
%
Max Dilution
9 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: This intercept provides a good width and economic grade, contributing positively to the overall drill program. The estimated true width enhances confidence in the reported thickness.

Positive factors

  • Good width (57.0m) and economic grade (24.2% Fe) for iron ore.
  • True width estimated at 80-90% of core length.

Evidence · table

“24.2”

Context: 57.0

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 45.6

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "High Tide Reports 128.9 Metres of 30.2% Fe and 179.6 Metres of 26.7% Fe from Labrador West Iron Project Drilling Continu"

26LB0072Labrador West · iron_oreGrade: 26.7Grade Unit: %Intercept: 179.6 mView all details
Link to this fact

Identity

Hole ID
26LB0072
Project
Labrador West
Commodity
iron_ore
Region
canada_nl
Reported Region
canada_nl
Ticker
HTRC

Geometry

Grade
26.7
Grade Unit
%
Intercept
179.6 m
True Width
143.68 m
From
161 m
To
340.6 m
Intercept Depth
161 m

Classification

Program
exploration
Sample Type
drill
Group ID
26LB0072:161-340.6
Mining Method
open_pit

Location

Easting
651996
Northing
5896452
CRS
NAD83 Zone 19N
Dip
-90 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
Activation Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards

Compositing

Cutoff Grade
18
Cutoff Unit
%
Max Dilution
9 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: This intercept demonstrates very significant width and strong grade, contributing substantially to the potential for resource expansion. The estimated true width adds confidence, and its location outside the current resource boundary is a strong positive.

Positive factors

  • Very significant width (179.6m) and strong grade (26.7% Fe) for iron ore.
  • Grade is near the project average (27.95% Fe).
  • True width estimated at 80-90% of core length, providing good confidence in thickness.
  • Intercept is outside the existing resource boundary, indicating potential for resource expansion.

Evidence · table

“26.7”

Context: 179.6

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 143.68

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "High Tide Reports 128.9 Metres of 30.2% Fe and 179.6 Metres of 26.7% Fe from Labrador West Iron Project Drilling Continu"

26LB0073Labrador West · iron_oreGrade: 26Grade Unit: %Intercept: 26.7 mView all details
Link to this fact

Identity

Hole ID
26LB0073
Project
Labrador West
Commodity
iron_ore
Region
canada_nl
Reported Region
canada_nl
Ticker
HTRC

Geometry

Grade
26
Grade Unit
%
Intercept
26.7 m
True Width
21.36 m
From
13.3 m
To
40 m
Intercept Depth
13.3 m

Classification

Program
exploration
Sample Type
drill
Group ID
26LB0073:13.3-40
Mining Method
open_pit

Location

Easting
651302
Northing
5896672
CRS
NAD83 Zone 19N
Dip
-90 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
Activation Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards

Compositing

Cutoff Grade
18
Cutoff Unit
%
Max Dilution
9 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: This intercept shows good grade and width, contributing positively to the overall results of the hole. The estimated true width enhances confidence.

Positive factors

  • Good grade (26.0% Fe) and width (26.7m) for iron ore.
  • True width estimated at 80-90% of core length.

Evidence · table

“26.0”

Context: 26.7

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 21.36

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "High Tide Reports 128.9 Metres of 30.2% Fe and 179.6 Metres of 26.7% Fe from Labrador West Iron Project Drilling Continu"

26LB0073Labrador West · iron_oreGrade: 25Grade Unit: %Intercept: 66.1 mView all details
Link to this fact

Identity

Hole ID
26LB0073
Project
Labrador West
Commodity
iron_ore
Region
canada_nl
Reported Region
canada_nl
Ticker
HTRC

Geometry

Grade
25
Grade Unit
%
Intercept
66.1 m
True Width
52.88 m
From
45.9 m
To
112 m
Intercept Depth
45.9 m

Classification

Program
exploration
Sample Type
drill
Group ID
26LB0073:45.9-112
Mining Method
open_pit

Location

Easting
651302
Northing
5896672
CRS
NAD83 Zone 19N
Dip
-90 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
Activation Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards

Compositing

Cutoff Grade
18
Cutoff Unit
%
Max Dilution
9 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: This intercept provides a good width and economic grade, contributing positively to the overall drill program. The estimated true width enhances confidence in the reported thickness.

Positive factors

  • Good width (66.1m) and economic grade (25.0% Fe) for iron ore.
  • True width estimated at 80-90% of core length.

Evidence · table

“25.0”

Context: 66.1

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 52.88

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "High Tide Reports 128.9 Metres of 30.2% Fe and 179.6 Metres of 26.7% Fe from Labrador West Iron Project Drilling Continu"

26LB0073Labrador West · iron_oreGrade: 26.9Grade Unit: %Intercept: 62.9 mView all details
Link to this fact

Identity

Hole ID
26LB0073
Project
Labrador West
Commodity
iron_ore
Region
canada_nl
Reported Region
canada_nl
Ticker
HTRC

Geometry

Grade
26.9
Grade Unit
%
Intercept
62.9 m
True Width
50.32 m
From
131.1 m
To
194 m
Intercept Depth
131.1 m

Classification

Program
exploration
Sample Type
drill
Group ID
26LB0073:131.1-194
Mining Method
open_pit

Location

Easting
651302
Northing
5896672
CRS
NAD83 Zone 19N
Dip
-90 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
Activation Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards

Compositing

Cutoff Grade
18
Cutoff Unit
%
Max Dilution
9 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: This intercept shows strong grade and good width, contributing positively to the overall results of the hole. The estimated true width enhances confidence.

Positive factors

  • Strong grade (26.9% Fe) and good width (62.9m) for iron ore.
  • True width estimated at 80-90% of core length.

Evidence · table

“26.9”

Context: 62.9

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 50.32

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "High Tide Reports 128.9 Metres of 30.2% Fe and 179.6 Metres of 26.7% Fe from Labrador West Iron Project Drilling Continu"

26LB0073Labrador West · iron_oreGrade: 24.2Grade Unit: %Intercept: 33.4 mView all details
Link to this fact

Identity

Hole ID
26LB0073
Project
Labrador West
Commodity
iron_ore
Region
canada_nl
Reported Region
canada_nl
Ticker
HTRC

Geometry

Grade
24.2
Grade Unit
%
Intercept
33.4 m
True Width
26.72 m
From
232.2 m
To
265.7 m
Intercept Depth
232.2 m

Classification

Program
exploration
Sample Type
drill
Group ID
26LB0073:232.2-265.7
Mining Method
open_pit

Location

Easting
651302
Northing
5896672
CRS
NAD83 Zone 19N
Dip
-90 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
Activation Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards

Compositing

Cutoff Grade
18
Cutoff Unit
%
Max Dilution
9 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: This intercept provides a good width and economic grade, contributing positively to the overall drill program. The estimated true width enhances confidence in the reported thickness.

Positive factors

  • Good width (33.4m) and economic grade (24.2% Fe) for iron ore.
  • True width estimated at 80-90% of core length.

Evidence · table

“24.2”

Context: 33.4

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 26.72

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "High Tide Reports 128.9 Metres of 30.2% Fe and 179.6 Metres of 26.7% Fe from Labrador West Iron Project Drilling Continu"

26LB0076Labrador West · iron_oreGrade: 24.9Grade Unit: %Intercept: 116.4 mView all details
Link to this fact

Identity

Hole ID
26LB0076
Project
Labrador West
Commodity
iron_ore
Region
canada_nl
Reported Region
canada_nl
Ticker
HTRC

Geometry

Grade
24.9
Grade Unit
%
Intercept
116.4 m
True Width
93.12 m
From
31 m
To
147.4 m
Intercept Depth
31 m

Classification

Program
exploration
Sample Type
drill
Group ID
26LB0076:31-147.4
Mining Method
open_pit

Location

Easting
651752
Northing
5896343
CRS
NAD83 Zone 19N
Dip
-90 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
Activation Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards

Compositing

Cutoff Grade
18
Cutoff Unit
%
Max Dilution
9 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: This intercept shows significant width and good grade, contributing positively to the overall drill program. The estimated true width enhances confidence in the reported thickness.

Positive factors

  • Significant width (116.4m) and good grade (24.9% Fe) for iron ore.
  • True width estimated at 80-90% of core length, providing good confidence in thickness.

Evidence · table

“24.9”

Context: 116.4

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 93.12

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "High Tide Reports 128.9 Metres of 30.2% Fe and 179.6 Metres of 26.7% Fe from Labrador West Iron Project Drilling Continu"

26LB0076Labrador West · iron_oreGrade: 23.9Grade Unit: %Intercept: 19.6 mView all details
Link to this fact

Identity

Hole ID
26LB0076
Project
Labrador West
Commodity
iron_ore
Region
canada_nl
Reported Region
canada_nl
Ticker
HTRC

Geometry

Grade
23.9
Grade Unit
%
Intercept
19.6 m
True Width
15.68 m
From
157.2 m
To
176.8 m
Intercept Depth
157.2 m

Classification

Program
exploration
Sample Type
drill
Group ID
26LB0076:157.2-176.8
Mining Method
open_pit

Location

Easting
651752
Northing
5896343
CRS
NAD83 Zone 19N
Dip
-90 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
Activation Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards

Compositing

Cutoff Grade
18
Cutoff Unit
%
Max Dilution
9 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: This intercept shows an economic grade over a moderate width, contributing to the overall positive results of the hole. The estimated true width adds confidence.

Positive factors

  • Economic grade (23.9% Fe) for iron ore.
  • True width estimated at 80-90% of core length.

Evidence · table

“23.9”

Context: 19.6

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 15.68

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "High Tide Reports 128.9 Metres of 30.2% Fe and 179.6 Metres of 26.7% Fe from Labrador West Iron Project Drilling Continu"

26LB0076Labrador West · iron_oreGrade: 21Grade Unit: %Intercept: 33.9 mView all details
Link to this fact

Identity

Hole ID
26LB0076
Project
Labrador West
Commodity
iron_ore
Region
canada_nl
Reported Region
canada_nl
Ticker
HTRC

Geometry

Grade
21
Grade Unit
%
Intercept
33.9 m
True Width
27.12 m
From
182.1 m
To
216 m
Intercept Depth
182.1 m

Classification

Program
exploration
Sample Type
drill
Group ID
26LB0076:182.1-216
Mining Method
open_pit

Location

Easting
651752
Northing
5896343
CRS
NAD83 Zone 19N
Dip
-90 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
Activation Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards

Compositing

Cutoff Grade
18
Cutoff Unit
%
Max Dilution
9 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: This intercept shows an economic grade over a moderate width, contributing to the overall positive results of the hole. The estimated true width adds confidence.

Positive factors

  • Economic grade (21.0% Fe) for iron ore.
  • True width estimated at 80-90% of core length.

Evidence · table

“21.0”

Context: 33.9

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 27.12

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "High Tide Reports 128.9 Metres of 30.2% Fe and 179.6 Metres of 26.7% Fe from Labrador West Iron Project Drilling Continu"

26LB0076Labrador West · iron_oreGrade: 26.1Grade Unit: %Intercept: 13.7 mView all details
Link to this fact

Identity

Hole ID
26LB0076
Project
Labrador West
Commodity
iron_ore
Region
canada_nl
Reported Region
canada_nl
Ticker
HTRC

Geometry

Grade
26.1
Grade Unit
%
Intercept
13.7 m
True Width
10.96 m
From
219.3 m
To
233 m
Intercept Depth
219.3 m

Classification

Program
exploration
Sample Type
drill
Group ID
26LB0076:219.3-233
Mining Method
open_pit

Location

Easting
651752
Northing
5896343
CRS
NAD83 Zone 19N
Dip
-90 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
Activation Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards

Compositing

Cutoff Grade
18
Cutoff Unit
%
Max Dilution
9 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: This intercept shows good grade over a moderate width, contributing positively to the overall results of the hole. The estimated true width enhances confidence.

Positive factors

  • Good grade (26.1% Fe) for iron ore.
  • True width estimated at 80-90% of core length.

Evidence · table

“26.1”

Context: 13.7

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 10.96

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "High Tide Reports 128.9 Metres of 30.2% Fe and 179.6 Metres of 26.7% Fe from Labrador West Iron Project Drilling Continu"

26LB0076Labrador West · iron_oreGrade: 24.9Grade Unit: %Intercept: 86 mView all details
Link to this fact

Identity

Hole ID
26LB0076
Project
Labrador West
Commodity
iron_ore
Region
canada_nl
Reported Region
canada_nl
Ticker
HTRC

Geometry

Grade
24.9
Grade Unit
%
Intercept
86 m
True Width
68.8 m
From
251.3 m
To
337.2 m
Intercept Depth
251.3 m

Classification

Program
exploration
Sample Type
drill
Group ID
26LB0076:251.3-337.2
Mining Method
open_pit

Location

Easting
651752
Northing
5896343
CRS
NAD83 Zone 19N
Dip
-90 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
Activation Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards

Compositing

Cutoff Grade
18
Cutoff Unit
%
Max Dilution
9 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: This intercept shows significant width and good grade, contributing positively to the overall drill program. The estimated true width enhances confidence in the reported thickness.

Positive factors

  • Significant width (86.0m) and good grade (24.9% Fe) for iron ore.
  • True width estimated at 80-90% of core length, providing good confidence in thickness.

Evidence · table

“24.9”

Context: 86.0

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 68.8

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "High Tide Reports 128.9 Metres of 30.2% Fe and 179.6 Metres of 26.7% Fe from Labrador West Iron Project Drilling Continu"

26LB0077Labrador West · iron_oreGrade: 28.3Grade Unit: %Intercept: 38.3 mView all details
Link to this fact

Identity

Hole ID
26LB0077
Project
Labrador West
Commodity
iron_ore
Region
canada_nl
Reported Region
canada_nl
Ticker
HTRC

Geometry

Grade
28.3
Grade Unit
%
Intercept
38.3 m
True Width
30.64 m
From
8.7 m
To
47.1 m
Intercept Depth
8.7 m

Classification

Program
exploration
Sample Type
drill
Group ID
26LB0077:8.7-47.1
Mining Method
open_pit

Location

Easting
651360
Northing
5897295
CRS
NAD83 Zone 19N
Dip
-90 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
Activation Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards

Compositing

Cutoff Grade
18
Cutoff Unit
%
Max Dilution
9 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: This intercept shows strong grade above the project average and good width, contributing positively to the overall results of the hole. The estimated true width enhances confidence.

Positive factors

  • Strong grade (28.3% Fe) and good width (38.3m) for iron ore.
  • Grade is above the project average (27.95% Fe).
  • True width estimated at 80-90% of core length.

Evidence · table

“28.3”

Context: 38.3

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 30.64

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "High Tide Reports 128.9 Metres of 30.2% Fe and 179.6 Metres of 26.7% Fe from Labrador West Iron Project Drilling Continu"

26LB0077Labrador West · iron_oreGrade: 25.1Grade Unit: %Intercept: 78 mView all details
Link to this fact

Identity

Hole ID
26LB0077
Project
Labrador West
Commodity
iron_ore
Region
canada_nl
Reported Region
canada_nl
Ticker
HTRC

Geometry

Grade
25.1
Grade Unit
%
Intercept
78 m
True Width
62.4 m
From
77 m
To
155 m
Intercept Depth
77 m

Classification

Program
exploration
Sample Type
drill
Group ID
26LB0077:77-155
Mining Method
open_pit

Location

Easting
651360
Northing
5897295
CRS
NAD83 Zone 19N
Dip
-90 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
Activation Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards

Compositing

Cutoff Grade
18
Cutoff Unit
%
Max Dilution
9 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: This intercept shows significant width and good grade, contributing positively to the overall drill program. The estimated true width enhances confidence in the reported thickness.

Positive factors

  • Significant width (78.0m) and good grade (25.1% Fe) for iron ore.
  • True width estimated at 80-90% of core length, providing good confidence in thickness.

Evidence · table

“25.1”

Context: 78.0

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 62.4

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "High Tide Reports 128.9 Metres of 30.2% Fe and 179.6 Metres of 26.7% Fe from Labrador West Iron Project Drilling Continu"

26LB0077Labrador West · iron_oreGrade: 28Grade Unit: %Intercept: 12.6 mView all details
Link to this fact

Identity

Hole ID
26LB0077
Project
Labrador West
Commodity
iron_ore
Region
canada_nl
Reported Region
canada_nl
Ticker
HTRC

Geometry

Grade
28
Grade Unit
%
Intercept
12.6 m
True Width
10.08 m
From
198.5 m
To
211.1 m
Intercept Depth
198.5 m

Classification

Program
exploration
Sample Type
drill
Group ID
26LB0077:198.5-211.1
Mining Method
open_pit

Location

Easting
651360
Northing
5897295
CRS
NAD83 Zone 19N
Dip
-90 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
Activation Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards

Compositing

Cutoff Grade
18
Cutoff Unit
%
Max Dilution
9 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: This intercept shows strong grade above the project average over a moderate width, contributing positively to the overall results of the hole. The estimated true width enhances confidence.

Positive factors

  • Strong grade (28.0% Fe) for iron ore, above the project average (27.95% Fe).
  • True width estimated at 80-90% of core length.

Evidence · table

“28.0”

Context: 12.6

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 10.08

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "High Tide Reports 128.9 Metres of 30.2% Fe and 179.6 Metres of 26.7% Fe from Labrador West Iron Project Drilling Continu"

26LB0083Labrador West · iron_oreGrade: 28.8Grade Unit: %Intercept: 36.7 mView all details
Link to this fact

Identity

Hole ID
26LB0083
Project
Labrador West
Commodity
iron_ore
Region
canada_nl
Reported Region
canada_nl
Ticker
HTRC

Geometry

Grade
28.8
Grade Unit
%
Intercept
36.7 m
True Width
29.36 m
From
1.3 m
To
38 m
Intercept Depth
1.3 m

Classification

Program
exploration
Sample Type
drill
Group ID
26LB0083:1.3-38
Mining Method
open_pit

Location

Easting
652089
Northing
5897080
CRS
NAD83 Zone 19N
Dip
-90 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
Activation Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards

Compositing

Cutoff Grade
18
Cutoff Unit
%
Max Dilution
9 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: This intercept shows high grade above the project average and prior best, over a good width. The estimated true width adds confidence, making this a strong positive result.

Positive factors

  • High grade (28.8% Fe) and good width (36.7m) for iron ore.
  • Grade is above the project average (27.95% Fe) and prior best intercept (28.7% Fe).
  • True width estimated at 80-90% of core length.

Evidence · table

“28.8”

Context: 36.7

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 29.36

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "High Tide Reports 128.9 Metres of 30.2% Fe and 179.6 Metres of 26.7% Fe from Labrador West Iron Project Drilling Continu"

26LB0083Labrador West · iron_oreGrade: 27.3Grade Unit: %Intercept: 66 mView all details
Link to this fact

Identity

Hole ID
26LB0083
Project
Labrador West
Commodity
iron_ore
Region
canada_nl
Reported Region
canada_nl
Ticker
HTRC

Geometry

Grade
27.3
Grade Unit
%
Intercept
66 m
True Width
52.8 m
From
149 m
To
215 m
Intercept Depth
149 m

Classification

Program
exploration
Sample Type
drill
Group ID
26LB0083:149-215
Mining Method
open_pit

Location

Easting
652089
Northing
5897080
CRS
NAD83 Zone 19N
Dip
-90 °
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
Activation Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards

Compositing

Cutoff Grade
18
Cutoff Unit
%
Max Dilution
9 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: This intercept shows strong grade and good width, contributing positively to the overall results of the hole. The estimated true width enhances confidence.

Positive factors

  • Strong grade (27.3% Fe) and good width (66.0m) for iron ore.
  • True width estimated at 80-90% of core length.

Evidence · table

“27.3”

Context: 66.0

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 52.8

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "High Tide Reports 128.9 Metres of 30.2% Fe and 179.6 Metres of 26.7% Fe from Labrador West Iron Project Drilling Continu"

Resource Estimates (1)

inferredLabrador West Iron Project · iron_oreTonnes: 655000000Grade: 28.84Grade Unit: %View all details
Link to this fact

Identity

Project
Labrador West Iron Project
Commodity
iron_ore
Region
canada_nl
Reported Region
Newfoundland & Labrador
Ticker
HTRC

Resource scope

Estimate type
resource
Effective date
2023-04-06T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Ryan Kressall, Matthew Herrington, Catherine Pelletier, Jeffrey Cassoff
Resource group id
resource:42c8fd61155f80bdd8f9
Mining method
open_pit
Material type
oxide
Resource basis
gross

Resource Data

Category
inferred
Tonnes
655000000
Grade
28.84
Grade Unit
%
Cutoff Grade
20
Cutoff Unit
%

Prior Estimate

Resource Date
2023-04-06

Lab

Laboratory
Activation Laboratories

Location

Loc. Confidence
inferred

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: The project hosts a substantial inferred iron ore resource with a good grade, indicating significant potential. However, the entirely inferred nature and the slightly stale effective date reduce confidence in its current economic viability without further drilling and updates.

Positive factors

  • Large inferred resource (655 Mt) provides significant exploration potential.
  • Grade (28.84% Fe) is strong for iron ore.
  • Resource is pit constrained for an open-pit mining scenario, indicating potential economic viability.
  • NI 43-101 compliant and QP signed.

Negative factors

  • Resource is entirely in the inferred category, which is speculative and cannot support economic studies alone.
  • Effective date of the resource estimate is over 2 years old (2023-04-06), indicating some staleness.

Evidence · text

“High Tide owns a 100% interest in the Labrador West Iron Project which hosts a NI 43-101 Inferred mineral resource of 655 Mt at 28.84% Fe, as set out in the Company’s technical report dated April 6, 2023 and is located adjacent to IOC’s Carol Lake Mine in Labrador City, NL. This resource is exposed at surface and was pit constrained for an open-pit mining scenario. The Technical Report was filed on SEDAR on April 6, 2023, and was authored by Ryan Kressall, M.Sc., P.Geo., Matthew Herrington, M.Sc., P.Geo., Catherine Pelletier, P.Eng., and Jeffrey Cassoff, P.Eng.”

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

DFS-Supportingneutral

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

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 3.4 years before this release

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.