Maritime Resources Corp V.MAE

Alternate Symbol(s): MRTMF

Metals & Mining Gold

Maritime Resources Corp. is a Canada-based gold exploration and development company focused on advancing the Hammerdown Gold Project in the Baie Verte District of Newfoundland and Labrador. 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 controls over 439 square kilometers (km2) of exploration land including the Green Bay, Whisker Valley, Gull Ridge and Point Rousse projects. The Company owns mineral processing assets in the Baie Verte mining district, which include the Pine Cove mill and the Nugget Pond gold circuit. It also owns the Lac Pelletier gold project in Rouyn Noranda, Quebec. Its land holding, across all its properties, covers an area of approximately 43,925 hectares, of which the Company holds a 100% mineral rights interest in 37,050 hectares with the remaining 2,175 hectares under option agreements (100%).

TSXV:MAE - Post by User

Maritime Resources Corp

Bullboard Posts

Comment by chartroomon Sep 20, 2007 4:40pm

211 Views

Post# 13437833

RE: Excellent news..but why the price ..

Typical MM before options expiry. MM could do that with low volume stocks very easily. MAE broke 1mm volume this afternoon and the SP broke out challenging $5 right after. MAE did not halt for this positive news was a mistake, not too many fund managers know about it. Let's wait till media coverage from CBC/Yahoo/Kitco/Northern Miner overnight, we will get excited again tomorrow morning. Gold price stays on current level would also help, too.

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