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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%).


TSXV:MAE - Post by User

Maritime Resources Corp > I,m Curious
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Comment by nozzpackon Nov 09, 2023 6:29pm
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Post# 35727205

RE:RE:I,m Curious

RE:RE:I,m CuriousShifty, the 2022 FS study had the HD owe to be trucked another 80 km to Nugget Pond mill.

20 years ago when I had shares in Richmont, they were trucking that ore to Nugget Pond.
Its been done and done economically .

Now, Queenie is a bit farther away but it is very high grade, so it makes little difference as to trucking costs when your margins are so high with open pit Mines with high grades.

Thats why the 2022 FS showed such a high free cash flow rate ...
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