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Maritime Resources Corp V.MAE

Alternate Symbol(s):  MRTMF

Maritime Resources Corp. is a Canada-based gold exploration and development company. The Company is focused on advancing the Hammerdown Gold Project in the Baie Verte District of Newfoundland and Labrador, a top tier global mining jurisdiction. The Company holds a 100% interest directly and subject to option agreements entitling it to earn 100% ownership in the Green Bay Property, which includes the former Hammerdown gold mine and the Orion gold project. It also controls over 439 square kilometers (km2) of exploration land including the Green Bay, Whisker Valley, Gull Ridge and Point Rousse projects. Mineral processing assets owned by the Company in the Baie Verte mining district include the Pine Cove mill and the Nugget Pond gold circuit. The Point Rousse Project covers an area of approximately 54 km2. The Company also owns the Lac Pelletier gold project in Rouyn Noranda, Quebec. Its wholly owned subsidiary is 2823988 Ontario Corp.


TSXV:MAE - Post by User

Comment by nozzpackon Feb 06, 2024 8:05am
47 Views
Post# 35864817

RE:Recovery of Gold Fines from tailings

RE:Recovery of Gold Fines from tailingsReviewing my post on this subject....ounces of gold fines contained in the Pine Cove mill tailings pond....I found a calculation error which is corrected  below in yellow......my apologies

3...From  1.23 million tons ROM , Pine Cove would recover ( contain )  about 22,000 ( 14000 ) ounces of gold fines from its tailings pond ....grades close to 1 ounce per ton 

4...From 5 million tons of ROM, Pine cove would recover ( contain ) about 90,000 ( 57,000 ) ounces of fines from its tailings  ...about $200 m ( $125  m ) in CAD

It should be noted that the above estimate also includs  fines from the wash plant of the Aggregates Plant ......Approx 25,000- 30,000 ounces would not have been recovered from the 10 year Pine Cove mine and discharged as tailings into the tailings pond 
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