Avidian Gold Corp (OTCQB:AVGDF) announced the appointment of Todd Burlingame as Vice President of Corporate Development for its subsidiary, High Tide Resources Corp, effective immediately. Burlingame, a geologist with over 30 years of experience in mineral exploration and development in Canada, has held key roles in major projects and negotiations. His expertise is expected to enhance High Tide's operations and shareholder value. High Tide is focused on advanced-stage mineral projects in Canada, including the Labrador West iron property and the Lac Pegma Copper Nickel Cobalt deposit.
Avidian Gold Corp. (TSXV:AVG)(OTCQB:AVGDF) announces its subsidiary, High Tide Resources Corp., has entered a purchase agreement with Globex Mining Enterprises Inc. to acquire 100% of the Lac Pegma Copper-Nickel-Cobalt deposit in Quebec. The acquisition price includes $10,000 in cash and 650,000 shares, expected to close before September 30, 2021. The deposit holds potential for clean energy applications and is situated near key infrastructure. Historical estimates point to significant mineral reserves, although they lack current compliance verification.
High Tide Resources Corp. announced the release of its NI 43-101 technical report for the Labrador West Iron Project, marking a significant development milestone. The project aims to go public in the first half of 2021, benefiting from surging Fe 62% iron ore prices due to increased global steel demand post-pandemic. The technical report, prepared by Mercator Geological Services, is available on SEDAR. Recent drilling confirmed high-grade iron formations, aligning with historic data from Rio Tinto. The Labrador West property encompasses 99 mineral claims over 2,475 hectares, strategically located near major mining operations.
High Tide Resources Corp. has announced assay results from its Phase One drilling program at the Labrador West Iron Property. A total of 999 meters were drilled, encountering high-grade iron oxide mineralization. Notable findings include:
- 35.3% Total Fe over 25.7m
- 29.6% Total Fe over 314.7m
- 26.9% Total Fe over 115.7m
- 26.8% Total Fe over 321.5m
The results are comparable to historical data from Rio Tinto. Future plans involve a technical report and public listing in early 2021, along with a resource estimate.
Avidian Gold Corp. has announced that it will start trading on the OTCQB Venture marketplace as of October 28, 2020, under the symbol AVGDF. This move aims to enhance accessibility for U.S. investors and increase visibility in the U.S. market, particularly for its advanced gold exploration projects in Alaska and Nevada. Avidian's primary projects include the Golden Zone, Amanita, and Jungo. The company highlights a significant resource base, with the Golden Zone project alone holding a NI 43-101 Indicated gold resource of 267,400 ounces.