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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 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

Bullboard Posts
Comment by MineNL1on Feb 09, 2020 12:01pm
102 Views
Post# 30664120

RE:RE:"No Value", without a Mill

RE:RE:"No Value", without a MillThe lack of a mill is not a big concern at this stage since there are 2 gold mills in the region looking for feed in the near future.  A toll milling memorandum of understanding was signed a number of years back with Rambler.   So between the 2 mills I suspect management has already made milling arrangements or they are intentionally waiting to see which mill will give them the best options. 
Bullboard Posts