High Tide Resources has returned assay results from its flagship Labrador West Iron Project in Newfoundland and Labrador, highlighted by drill hole 26LB0071 intersecting 128.9 metres grading 30.2% total iron from 7.2 metres downhole.

The latest batch covers six drill holes completed during the current field program, bringing High Tide's total to 25 completed holes exceeding 6,150 metres of HQ and NQ core. Assay results released to date across 13 holes have all intersected iron oxide mineralization, with 11 of those holes situated outside the existing resource boundary. Drill hole 26LB0072 returned 179.6 metres grading 26.7% total iron, with over 77% of the 347-metre hole assaying above 20% total iron.

“Six more holes, six more hits with both grade and thickness - you can't ask for better. To date we have released the results from 13 drill holes that have all intersected iron oxide mineralization. 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. Drilling to the northeast has found particularly fertile ground as DDH 26LB0072 demonstrates with over 77% of the 347m drill hole returning greater than 20% FeT which is well above the cut-off used in the existing mineral resource estimate.”

— Steve Roebuck, President & CEO

The Labrador West Iron Project currently hosts a NI 43-101 Inferred mineral resource of 654.9 million tonnes grading 28.84% total iron, established with an effective date of January 31, 2023. The new assay data and step-out drilling intercepts located outside the current conceptual pit shell will contribute directly to an updated mineral resource estimate scheduled for release later in 2026.

Alongside the drilling campaign, High Tide is preparing to initiate pilot plant-scale metallurgical testwork at SGA's laboratory in Germany. District activity also reflects active regional operations, including first-quarter production of 3.9 million wet metric tonnes reported at the Bloom Lake iron ore project.

The ongoing exploration program continues to advance the property toward its next development milestones as management prepares for the upcoming resource update.

Read the full announcement: High Tide Reports 128.9 Metres of 30.2% Fe and 179.6 Metres of 26.7% Fe from Labrador West Iron Project