High Tide Resources Corp. provided an exploration update for the Clearcut and Big Bang lithium projects located in Quebec and Ontario respectively. Phase-2 exploration work has commenced at the 14,400-hectare Clearcut project with field exploration crews currently prospecting and mapping in five high-priority areas outlined by a recent review of the 2022 geochemical, geophysical and LiDAR surveys.

While Phase-1 field program assays revealed only minor variations of the lithium background content, small clusters of white pegmatite dykes aligned with interpreted ESE- and ENE-trending structures along with heterogeneous magnetic and radiometric signals in an underexplored environment merit deeper investigation. At the 6,200-hectare road accessible Big Bang project located south of Geraldton in NW Ontario a reconnaissance program is set to commence the first week of June followed by a full prospecting program slated to begin the third week of June. The property is underlain by a muscovite-bearing, S-type, peraluminous, fertile granite intruding metasediments occurring within 3 km of a subprovince boundary, and the Long Lac Fault and secondary structures provide excellent pathways for granitic melts and pegmatite deposition.

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. In addition to the 1939 mapped pegmatites, and as reported by the Company on February 15, 2023, "High Tide 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.