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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 nozzpackon Feb 24, 2024 7:40am
130 Views
Post# 35897000

Duck Pond Mill

Duck Pond MillAs far as I know, Teck's Duck Pond Mill near Millertown is still available .
It was used for the copper and zinc mine operated by TECK and has a 2200 TPD capacity.

Rambler was going to acquire the mill in 2021 and transport to the Ming mine where it would be re assembled to replace the 1400 tpd Nugget Pond mill.

The reason was operatiinal savings eliminated by trucking Ming ore to and concentrate from the Nuggett Pond mill.
Mac has mentioned that our Nugget Pond mill might be upgraded using used mining equipment .

Such a move would boost Maritime's milling capacity to 1 million tons per year ( 1400 tpd plus 2200 tpd ).

Such a move would provide Maritime with the needed capacity to toll mill much larger volumes of NFG ore while having in place a mill that could process the Copper-gold- silver -zinc ore should the Black Ridge massive VMS discovery be determined to contain economic reserves .

Just my speculation of course but another possible cheap building block for the future Hub and Spoke..
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