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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 13, 2024 5:41am
101 Views
Post# 35876912

Recovery of Pine Cove Tailings will be 97%

Recovery of Pine Cove Tailings will be 97%Previously, I have posted examples in which over 97% of the gold fines contained in tailings ponds were recovered.

Here is another example in which recovery was 97.46%

https://www.mdpi.com/2075-4701/8/7/561

B
eing very heavy , gold fines in sand discharge as slurry is pumped into the tailings ponds from the mill, compacts and consolidates at the bottom of the pond.

Typically, this will be about 1-2 meters in thickness with the water floating on top .
The water is being continuously piped back to the mill and reused .

The major issue in recovery is separating the gold sediment from the slurry being pumped back to the mill.

There are many solutions to this process including gravity separation.

Taken together with other information, everything that I have read indicates that recovering gold from the Pine Cove tailings Pond will be very successful , with very high margins and robust cash flows..
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