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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 Feb 04, 2024 7:41am
156 Views
Post# 35861721

Cape Ray Gold Discovery…Matador Gold

Cape Ray Gold Discovery…Matador Gold

This is another high quality Junior gold which owns the 610,000 ounce Cape Ray gold discovery and has assembled a superb number of linked greenfield projects in South Central NL.....see their CP link below.

It has a strong management team with high net worth Investors ...and yet another Australian company invested  in NL.

Of particular note is slide 14 of their CP , in the link below.

You will note my repeated insistence on the significance of glacial till sampling especially as it relates to the world class gold + grades of rock samples ubiquitously strewn around the Whisker Valley discoveries .

Slide 14 gives some examples of the major gold deposits around the world which were identifued by glacial till sampling .

Equally as significant is the very low gold grades in the initial gold results , clearly ignored by the geologists who knew full well the  high probability of underlying bedrock gold lodes .

In the MAE CP note that in the 3 holes drilled todate in the WV discoveries , one missed, another hit halo gold but one hit excellent grades 150 m below the surface.....




https://www.investi.com.au/api/announcements/mzz/12e9e2dd-eed.pdf

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