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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 Jan 04, 2024 6:52am
167 Views
Post# 35810017

Firefly…Ambitious, Capable and Drilling like Crazy

Firefly…Ambitious, Capable and Drilling like Crazy
Management team has a proven track record of creating significant value for shareholders and stakeholders.
 
Most Recent success was with  ASX200 Bellevue Gold which they took from discovery to production in only 4.5 years to a $1,7 billion market cap.

The Jumbo drill at the Ming mine is drilling like crazy, with other drills now joining to quickly add already 
discovered high grade copper gold lodes that Rambler planned but could not afford to bring to production.

Approx 600,000 tons in all categories defined with substantial upside in higher grade copper

30,000 tons of copper is their initial goal , from 5000 tons by Rambler.
Lots of exploration upside at Whakeback, Deer cove and Nugget Pond too.

And well funded with high net wealth investors and an in country advisory team that includes two Rockers

Just my guess , but if synergy and complementarity are the two highest parameters needed for a merger, Maritime will be the bride.

Things are very quiet now but that is about to change....
 
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