High Tide Resources Initiates High-Resolution Drone Magnetic Survey at Labrador West Iron Project

Executive Summary

• High Tide Resources has commenced a high-resolution drone magnetic survey over approximately 1,460 hectares in the under-explored eastern portion of its Labrador West Iron Project.
• The geophysical program aims to generate detailed magnetic data to map near-surface iron oxide mineralization and refine exploration drill targets for upcoming drilling phases.
• The survey upgrades historical 2001 regional data and builds upon limited historical work, including a 2010 drill hole that intersected ~100 metres of 26.2% Fe.

Key Details

• Survey Area: Eastern portion of the Labrador West Iron Project, covering ~1,460 hectares.
• Data Acquisition: ~704 line-kilometres of magnetic data.
• Technical Parameters: Line spacing of 25 metres.
• Objective: Map near-surface magnetite-specular hematite iron oxide mineralization and refine exploration drill targets.
• Historical Context: Upgrades widely spaced 2001 IOC Total Magnetic Intensity data; historical work is limited to a single drill hole (10LB0011) in 2010 intersecting ~100 metres of 26.2% Fe.
• Exploration Status: Prospecting has significantly expanded the number and scale of potential drill targets beyond the current resource footprint.
• Project Resource Context: Labrador West hosts a NI 43-101 Inferred iron resource of 655 Mt @ 28.84% Fe, exposed at surface and pit-constrained for an open-pit mining scenario.

Notable Quotes

• Steve Roebuck, President & CEO: "Launching the drone magnetic survey marks another important step in expanding our understanding of the eastern portion of the property. This area has seen very limited exploration despite a 2010 IOC drill hole intersecting nearly 100 metres of 26.2% Fe. Prospecting has broadened the scope of potential drill targets, and this survey will help refine those opportunities with the high-resolution magnetic data. The data collected will directly support our targeting strategy as we advance toward the next phase of drilling and continue to build long‑term value for the Project."