Maritime Resources Corp V.MAE

Alternate Symbol(s): MRTMF

Metals & Mining Gold

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.

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Maritime Resources Corp > May Will be Coming out Month

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Comment by nozzpackon Apr 09, 2024 2:26pm

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Post# 35979566

RE:May Will be Coming out Month

According to my earlier notes, summarized in a post on this thread, Mac stated that they would be canvassing Internatiinal markets along with Canada to raise funds to bring HD into production.

It makes very logical sense that the updated HD Feasability Study would be available by then , as a basis for the funding initiatives .

This is not a major piece of work as it requires only updating the Nov 2022 FS for changes in processing at Pine Cove versus Nugget Pond, a longer mine life, updated annual production and updated POG.

All of this means much more frequent news flow in the coming interim period.

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This profitable gold stock is on its way up