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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 22, 2024 6:59am
59 Views
Post# 35838489

RE:RE:RE:Firefly Reports More Spectacular Assay Result

RE:RE:RE:Firefly Reports More Spectacular Assay ResultThank you and your point is well made about differential mining costs when ROM ore is mined at the greater depths at shallow slopes.

Kidd for example has the same grades as a Ming with gold replacing zinc .

But, profitability is also a matter of grade.
Rambler could not make a sustained profit at 1.5% copper and 0.5 grams per ton gold.

My cursory analyses is that the copper grade needs to be 2% or more and the gold grade above 1 gram per ton .
This is why Firefly is drill defining locations/ depths with known grades much higher than 1 .5 % copper.

If they are successful....and their history has that trait..the Ming mine will regain sustained profitability..




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