# High Tide Resources Reports Final Drill Results and Prepares for Maiden Mineral Resource Estimate Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/high-tide-resources-reports-final-drill-results-and-prepares-for-maiden-mineral--18e3861e-a17d-4af2-a2ff-dbd27f00a42a Original source: https://money.tmx.com/en/quote/AVG/news/4530908794630839/high-tide-resources-reports-final-drill-results-and-prepares-for-maiden-mineral- Publisher: tmx Original announcement: 2022-10-25T19:30:00.000Z 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: Gold, Lithium, Copper, Nickel, Cobalt - Document categories: Resource update, Drill results - Extracted: 2026-09-19 16:45:05 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Avidian Gold Corp. \(via its 33% stake in High Tide Resources\) has completed a ~2300m drilling program at the Labrador West Iron Project. The company is now using these results, along with historical data and metallurgical results, to prepare a maiden mineral resource estimate. Reasoning: The company has completed a significant drilling program and is moving toward a maiden resource estimate for its flagship iron project, though specific drill intercepts were not detailed in the prose. - Positive factor: Completion of 2300m drilling program - Positive factor: Preparation for maiden mineral resource estimate - Positive factor: Strategic location in southern Labrador Trough Facts used in scoring: 2 ## Classification and evidence **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release is approved by a Qualified Person \(Steve Roebuck, P.Geo\). Evidence · text > 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 **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: The company explicitly states it is preparing for a maiden mineral resource estimate. Evidence · text > prepares for maiden mineral resource estimate ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Resource Estimates (2) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/high-tide-resources-reports-final-drill-results-and-prepares-for-maiden-mineral--18e3861e-a17d-4af2-a2ff-dbd27f00a42a#fact-resource-facts-0) Golden Zone · gold #### Identity - Project: Golden Zone - Commodity: gold - Region: usa\_ak - Reported Region: Alaska - Ticker: AVG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:94caf28fea997338e754 - Mining method: open\_pit - Ownership percent: 33 % #### Resource Data - Category: indicated - Tonnes: 4187000 - Grade: 1.99 - Grade Unit: g/t - Contained Metal: 267400 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2022-10-25T00:00:00.000Z Reasoning: Existing indicated resource reported for the Golden Zone property. - Positive factor: Indicated category status Evidence · text > hosts a NI 43-101 Indicated gold resource of 267,400 ounces \(4,187,000 tonnes at 1.99 g/t Au\) #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/high-tide-resources-reports-final-drill-results-and-prepares-for-maiden-mineral--18e3861e-a17d-4af2-a2ff-dbd27f00a42a#fact-resource-facts-1) Golden Zone · gold #### Identity - Project: Golden Zone - Commodity: gold - Region: usa\_ak - Reported Region: Alaska - Ticker: AVG #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:fa51695e2d39f435a69f - Mining method: open\_pit - Ownership percent: 33 % #### Resource Data - Category: inferred - Tonnes: 1353000 - Grade: 0.83 - Grade Unit: g/t - Contained Metal: 35900 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2022-10-25T00:00:00.000Z Reasoning: Existing inferred resource reported for the Golden Zone property. - Negative factor: Inferred category Evidence · text > plus an Inferred gold resource of 35,900 ounces \(1,353,000 tonnes at 0.83 g/t Au\) #### 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **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.