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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 Feb 09, 2024 6:52am
61 Views
Post# 35871767

RE:RE:2 billion lbs of copper in Nuggett tailings Pond

RE:RE:2 billion lbs of copper in Nuggett tailings Pond4.1 million tons of that 6.7 m tons was mined between 1972-82 at an average grade of 2.17% copper and above average gold grade plus silver and zinc.

During the first 5 years of mining by Rambker...2013 onwards . rambler high graded with copper grades averaging over 2,5 % with gold grades about 1.5 grams per ton .

Recoveries were lower in the earlier period, so my 10% tailings waste  takes the entire period into consideration .
Thank you for asking tho, as my professional background required that I speed read and retain factual essence by memory ...and sometimes that is not infallible ..
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