Avidian Subsidiary High Tide Resources to Begin Trading on the
Avidian Subsidiary High Tide Resources to Begin Trading on the
Canadian Securities Exchange on February 25, 2022
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR
DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES
TORONTO, Ontario, February 24, 2022 – Avidian Gold Corp. (TSX -V:AVG &
OTCQB:AVGDF) is pleased to announce that its private subsidiary High Tide Resources Corp.
(“High Tide” or the “ Company”) (CSE: HTRC) will begin trading on the Canadian Securities
Exchange (the "CSE") under the ticker "HTRC" on February 25, 2022.
Steve Roebuck, President & CEO of Avidian states, “We are very pleased to announce that
High Tide will begin trading on the CSE commencing Friday 25, 2022. We have come a long way
in developing High Tide and are excited to present the Company to a broader investment
community. Our corporate strategy and main objective are to create material shareholder value
from the continued responsible exploration and potential development of the Company’s Labrador
West Iron Project and Lac Pegma mineral deposit. I would like to thank the many people who
have assisted in making this moment possible.”
About the Labrador West Iron Project
The flagship Labrador West Iron Project is ready for its grand debut in 2022. High Tide plans to
quickly advance the project through the drilling phase, release a maiden resource and commence
a PEA level study all within the first 12 months of going public. Explored and drilled by Rio Tinto
Exploration from 2010 to 2012, and then by High Tide in 2020, with 22 core holes and ~5,200
metres of drill core logged and assayed, the deposit has already been significantly de -risked and
ready for rapid advancement. Located only 15 kilometres northeast of Labrador City, Labrador the
project is proximal to all the critical infrastructure required to explore, daylight and develop a
major new iron deposit in the heart of the southern Labrador Trough which is home to 4 operating
iron mines.
About the Lac Pegma Deposit
Located approximately 50 kilometres southeast of nearby Fermont, Quebec, the Lac Pegma project
is a magmatic sulphide copper-nickel-cobalt deposit that was first discovered in 1955 and drilled
in 1996. High Tide was very active at Lac Pegma throughout 2021 engaging in multiple campaigns
with work that included; staking an additional ~1800 hectares of very prospective land along strike
of the main deposit, flying a heliborne high-resolution magnetic and time-domain electromagnetic
survey over the entire project area, prospecting, mapping and sampling historic and recently found
outcrops, ground truthing new geophysical anomalies and recovering the 1996 drill core which
was subsequently relogged and resampled.
About Avidian Gold Corp.
Avidian brings a disciplined and veteran team of project managers together with a focus on
advanced stage gold exploration projects in Alaska. Avidian’s Golden Zone project hosts a NI 43-
101 Indicated gold resource of 267,400 ounces (4,187,000 tonnes at 1.99 g/t Au) plus an Inferred
gold resource of 35,900 ounces (1,353,000 tonnes at 0.83 g/t Au).* Additional projects include the
Amanita and the Amanita NE gold properties which are both adjacent to Kinross Gold’s Fort Knox
gold mine in Alaska, and the Jungo gold/copper property in Nevada. *Technical Report on the
Golden Zone Property, August 17, 2017, L. McGarry P.Geo & I.. Trinder P.Geo, A.C.A Howe
International Ltd.
High Tide is a private corporation that is focused on, and committed to, the development of
advanced-stage mineral projects in Canada using industry best practices combined with a strong
social license from local communities. High Tide is earning a 100% interest in the Labrador West
Iron Project located adjacent to IOC/Rio Tinto’s 23 mtpy Carol Lake Mine in Labrador City,
Labrador and owns a 100% interest in the Lac Pegma Copper -Nickel-Cobalt deposit located 50
kilometres southeast of Fermont Quebec.
Further details on the Company and the individual projects, in cluding the NI 43 -101 technical
reports on the Golden Zone property and Labrador West Iron property can be found on the
Company’s website at www.avidiangold.com.
For further information, please contact:
Steve Roebuck
President, CEO and Director
Mobile: (905) 741-5458
Email: [email protected]
or
Dino Titaro
Director, Chairman
Mobile: (647) 283 7600
Email: [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Forward-looking information
This News Release includes certain "forward -looking statements" which are not comprised of historical
facts including statements regarding the Distribution and the Listing. Forward -looking statements include
estimates and statements that describe the Company’s future plans, objectives or goals, including words to
the effect that the Company or management expects a stated condition or result to occur. Forward-looking
statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”,
“could”, “would”, “will”, or “plan”. Since forward -looking statements are based on assumptions and
address future events and conditions, by their very nature they involve inherent risks and uncertainties.
Although these statements are based on information currently available to the Company, the Company
provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and
other factors involved with forward -looking information could cause actual events, results, performance,
prospects and opportunities to differ materially from those expressed or implied by such forward -looking
information. Forward looking information in this news release includes, but is not limited to, the Company’s
objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of
mineral resources, exploration and mine development plans, the completion of the Listing, the issuance of
the Distribution, the tax -free status of the Distribution, timing of the commencement of operations and
estimates of market conditions. Factors that could cause actual results to differ materially from such
forward-looking information include, but are not limited to: the ability to anticipate and counteract the
effects of COVID-19 pandemic on the business of the Company, including without limitation the effects of
COVID-19 on the capital markets, commodity prices supply chain disruptions, restrictions on labour and
workplace attendance and local and international travel, failure to receive requisite approvals in respect of
the foregoing, failure to identify mineral resources, failure to convert estimated mineral resources to
reserves, the inability to complete a feasibi lity study which recommends a production decision, the
preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required
governmental, environmental or other project approvals, political risks, inability to fulfill the du ty to
accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs
of financing needed in the future, changes in equity markets, inflation, changes in exchange rates,
fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying
significantly from estimates and the other risks involved in the mineral exploration and development
industry, and those risks set out in the Company’s public documents filed on SEDAR. Alt hough the
Company believes that the assumptions and factors used in preparing the forward -looking information in
this news release are reasonable, undue reliance should not be placed on such information, which only
applies as of the date of this news release, and no assurance can be given that such events will occur in the
disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any
forward-looking information, whether as a result of new information, future events or otherwise, other than
as required by law.