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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 15, 2024 1:23pm
75 Views
Post# 35882264

RE:News..Exploration Update of Discoveries Near P Cove mill

RE:News..Exploration Update of Discoveries Near P Cove mill

If you examine drill core samples of high grade gold deposits , you would be surprised to see that such High grade gold hits  are never homogenous.

  If you get several big hits out of 30 samples there is a high grade all over the place.  


Stoger tight has substantial drilling base which can be viewed in the 2021 technical report .
High grade intercepts show up frequently but always clumped....and the old saying is true ....there is high grade all over the place.

Hence, the average open pit grade of Stoger tight is 3.02 grams per ton which is nearly three times the average open pit grade .

HD drill resukts show the same pattern as does Orion .

Likewise for Deer Cove which should also be drilled confirmed to have high grade open pit gold like Stoger .

These are not large deposits , perhaps in the 150,000 ounce to 500,000 ounce range but being high grade and near the gold mill, excellent profits can be made as each deposit is sequentially produced..



 

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