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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 Jan 18, 2024 7:53am
76 Views
Post# 35833075

RE:News!! Black Ridge Assays Points to Major Discovery

RE:News!! Black Ridge Assays Points to Major DiscoveryThese additional and extensional assay results of the recently expanded Black Ridge property show that MAE has discovered a prospective world class copper-gold rich volcanic massive sulphide deposits whose bonanza grades represents among the highest polymetallic value per ton anywhere in the world.

The Baie Verte Peninsula is well known for its rich VMS potential and these continuing results from Black Ridge confirm  the blue sky exploration potential for the Company which have other known deposits within its project pantry  within the Baie Verte district whose exploration activities are now being activated.

Re the latter, I refer to the expansive Whisker Valley project which have high grade gold- copper results whose known mineralized strikes extend up to 7 km and remain open at strike and dip.

Once again, we see just what great assets ....with great patience...this management team have acquired and accumulated over the past 5-10 years that now form the reality of an emerging polymetallic power house which, with potential partners like Firefly/ NFG will lead the Baie Verte Peninsula to become the largest metal producer and service processing center this side of Quebec.

This story is just beginning..




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