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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

Comment by nozzpackon Nov 18, 2023 4:42pm
111 Views
Post# 35742817

RE:Why NFG will need Pine Cove

RE:Why NFG will need Pine CoveYes, my rough estimate is that the EW vein may contain over 3 m ounces at very high grades.

Production is now estimated to begin by late 2025 unless they choose the bulk sample route which would be somewhat earlier.

That gives us a year or more to upgrade the Nugget Pond mill to 1200 tod which will be needed as NFG will have focussed production in the early years such as 100,000-150,000 ounces per year .

We have a potential company maker in the 10 km Whisker Valley project whose extensive gold in soil distribution  is comparable to that of Keats and as this is a young orogenic site, the gold lodes like Keats ( 3 m below the surface ) are right below your feet .
Early drills confirm this..
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