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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 Mar 27, 2020 1:32pm
160 Views
Post# 30853662

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

RE:RE:RE:RE:RE:RE:RE:RE:"No Value", without a MillI am stating the fact that if they were in production and fully staffed during the Pandemic it would likely have to shut down as are many other mines.   Imagine the expense of having to lay off a couple of hundred employees and contractors in the middle of construction or early pre-commercial production.  Companies are literally loosing there shirts right now while Maritime is able to chug along with business as usual de-risking the project.  Mining is not a cheap venture and once you start construction or production a halt can be very expensive and make it very difficult to re-open.
Bullboard Posts