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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

Post by shiftyoneon Feb 13, 2024 6:00pm
96 Views
Post# 35878632

Things seem to be going awfully slow

Things seem to be going awfully slowNozz... I like your information, but would like to hear more from the company.  There should be lots of triggers coming up, but they seem to getting further and further down the road.

I bought this a year ago, at todays price.  I based it on certain things.

Nov. 18 German gold show, the presentation stated they would have the development and closure plans approved by Q1 2023.  That led me to believe it was a very short process.   Well, they didn't submit those plans until Feb 2023.  No problem.  But it is a year after that and still no news.  

We have a willing seller it appears, and not a whole lot of people willing to buy at market.

Hopefully soon we will get some positive news.  Until then, we are treading water.
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