Commences Geophysical Survey At Lac Pegma Copper – Nickel – Cobalt Project
Avidian Gold (TSXV:AVG)(OTCQB AVGDF) subsidiary High Tide Resources Corp. has engaged Prospectair Geosurveys Inc. based in Gatineau, Quebec to perform a Heliborne High-Resolution Magnetic and Time-Domain Electromagnetic Survey at its 100% owned Lac Pegma Copper – Nickel – Cobalt property located 50 kN southeast of Fermont, Quebec.
High Tide is a majority controlled private subsidiary of Avidian Gold Corp (TSXV:AVG)(OTCQB AVGDF), a company with advanced stage gold assets in Alaska and Nevada.
“We are very pleased to commence work on the Lac Pegma Project,” High Tide Director and Interim CEO, Steve Roebuck, said.
“The high-resolution Mag and EM survey is a key part of our programme to expand the historical resource and identify new targets at Lac Pegma.
“Mapping the ultra mafics with Mag and tracking electromagnetic conductors on a 50-meter line spacing will provide our geologist with a much better understanding of the geology and potential target areas. Historical data (mag only) from government surveys dates back to 1980 and is very widely spaced.”
The survey will be carried out with traverse lines oriented N025 in order to properly map the dominant magnetic/geological strike, and with a 50m line spacing. Control lines will be flown perpendicular to traverse lines and at a 500 m line spacing.
Total survey distance is 599-line km.
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 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 km southeast of Fermont, Quebec. High Tide’s majority shareholder is Avidian Gold.
