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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 shiftyoneon Feb 13, 2024 6:00pm
115 Views
Post# 35878632

Things seem to be going awfully slow

Things seem to be going awfully slowNozz... I like your information, but would like to hear more from the company.  There should be lots of triggers coming up, but they seem to getting further and further down the road.

I bought this a year ago, at todays price.  I based it on certain things.

Nov. 18 German gold show, the presentation stated they would have the development and closure plans approved by Q1 2023.  That led me to believe it was a very short process.   Well, they didn't submit those plans until Feb 2023.  No problem.  But it is a year after that and still no news.  

We have a willing seller it appears, and not a whole lot of people willing to buy at market.

Hopefully soon we will get some positive news.  Until then, we are treading water.
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