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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 30, 2023 7:56am
104 Views
Post# 35706859

Excellent Presentation of Ore Sorter and its Grade Increases

Excellent Presentation of Ore Sorter and its Grade IncreasesSee slide #32 of the Caribou Project 2023 Presentation ( https://osiskodev.com/wp-content/uploads/2023/10/ODV-Investor-Presentation-Oct-23_FINAL.pdf ).

Ignore other details as this project is underground mining but grades are similar but a tad lower..3.72 grams versus 4.5 grams .
Osisko has tested the sorter out and it works as planned.

A new communition is to be added to Nugget Pond once that mill is upgraded ....communition means ground into smaller particle size...here less than 10 mm.

Note how communition alone will elevate the mill grade to 4.29 from 3.72  at feed ..increased recovery as smaller particles have increased surface area to volume .

Note also that the combo of communition and ore sorting elevates the feed of 3.72 grams to milled grade of 6.39 grams ...60% increase .

Essentially this process increases the milled output of Nugget pond mill to about 1200 tpd from 700 tpd .

Note also that the sorter costs just $1 per ton ...
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