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%).

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Maritime Resources Corp > Gold Processing Mills Capex Costs

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Post by nozzpackon Oct 26, 2023 5:42am

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Post# 35701549

Gold Processing Mills Capex Costs

Two examples show not only just how valuable our two mills are but what an exceptional deal management got.

Signal Feasability for GoldBoro Deposit 2022......milling plant and supporting infrastructure $271 million for 100,000 ounces per year and mostly funded by debt

Marathon Feasability for Vakentine Lake 2022 ..$474 million for 196,000 ounces per year...currentky being updated for more capex.,,..and huge debt

We don't even to have crew camps at Point Rousse as Kings cove supplies our workers .

So, mining asset wise for processing gold, we have about $150 million in net asset value $ 0.25 ) and only $5 m in debt

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