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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

Post by nozzpackon Oct 03, 2023 10:22am
183 Views
Post# 35666693

Other Info

Other InfoMaritime has 90 m warrants at $0.07 which will add over $6 million to the coffers.

We know the owners and those will get exercised.

Also, Hammerwown has 330,000 ounces in M & ! and several new discoveries .
One is Golden Anchor which is contiguous with Hammerdown.

Its a fair bet that more ounces will be found before Hammerdown 272,000 ounces of Reserves are depleted .

Further, the original plan was to spend one year pre stripping.

But, you can also pre strip just a portion at a time , set up your mining benches  and mine  much earlier than in the 2022 FS.

They begin marketing in late October.. 
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