High Tide Resources Corp. reported that it has observed pegmatite in the historic drill logs of the Big Bang Lithium Project. Pegmatites are typically an important source of valuable lithium ore such as spodumene.

It was revealed that notable widths of pegmatite were intersected in three holes drilled in 1968. The Property is located approximately 70 km east of Rock Tech Lithium's advanced-stage Georgia Lake property and 275 km northeast of Thunder Bay, Ontario near the town of Geraldton. Report "DD RPT 10 GAMSBY LAKE" found within Ontario Assessment File 42E11SW0101 indicates that all three diamond drill holes drilled in July & August of 1968 by Chimo Option intersected pegmatite.

At the time, Chimo Option was targeting the pegmatite zones for uranium and only assayed for U3O8 with results in the nil to trace range. Of particular interest is hole H1 that was drilled N55E at -45 degrees to a length of 362 feet with approximately 58% of the core being logged as pegmatite. Pegmatite intercepts ranged from <1 m to plus 20 metres with the final 24 metres logged as, and ending in, pegmatite.

The whereabouts of the drill core is currently unknown. The property is underlain by a muscovite-bearing, S-type, peraluminous, fertile granite intruding metasediments. The Property occurs within 3 km of a subprovince boundary, and the Long Lac Fault and secondary structures provide excellent pathways for granitic melts and pegmatite depositio.

Mapping in the Big Bang area in 1939 identified several instances of ‘granite' pegmatite. However, mapping during this era did not recognize, or document, various other ‘types' of pegmatites which contain important mineralogical information. Big Bang represents second lithium project acquisition in less than one year and is similar to 14,400-hectare Clearcut Lithium Project in Quebec.

Big Bang is road accessible and is located approximately 15 kilometres south of Highway 11 near the mining town of Geraldton and connected via a network of logging roads. Having road and trail access will enable the Company to keep explorations costs low while efficiently covering more ground than a remote helicopter supported exploration program. Additionally, being located in NW Ontario will provide access to regional lithium processing hubs which are currently in the planning stage.

The 6,267-hectare property consists of 17 mineral claims within the Thunder Bay Mining Division and is located approximately 70 km east of Rock Tech Lithium's advanced-stage Georgia Lake property which hosts a 10.60 MT @ 0.88% Li2O Indicated Resource and a 4.22 MT @ 1.00% Li2O Inferred Resource with production targeted for H2 - 2024.