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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 1:43pm
156 Views
Post# 30664390

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

RE:RE:RE:"No Value", without a MillIt's a definite possibility,
     However I still agree that not selling last year was the best way forward at the time.  Derisking and permitting only adds value.   ANX claims to want to get to 100,000 oz a year but only about half of that is planned to come from Goldborro.  I disagree about Anx being in the driver seat.  Maritime has already proven that they can pre-concentrate ore and Nugget pond has a 600tpd capacity with A very good recovery and with preconcentration mine production is most likely to be the bottle neck not milling.  As resource and gold price increases and project advances the ticket price will continue to rise.
Bullboard Posts