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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 20, 2024 9:02am
93 Views
Post# 35888502

Firefly Update..Accelerated development …needs more milling

Firefly Update..Accelerated development …needs more milling

As repeated several times, Frefly which is run by Bellevue management, is going places quickly .

In this video update , its very clear that lenses of copper grade of 6% and gold grade of 5 grams per ton are being rapidly drill defined as well has having discovered the main VMS ore body of substantial dimensions below those lenses means a very long mine life at world class grades.

Which, of course, means that their goal of becoming a mid tier copper producer remains intact .
That goal means copper production several times greater than that of Rambler.

Which means that current milling capacity of Fireflys Nuggett Pond mill is insufficient for their expansion plans .

Which is now being clearly stated in this video interview.

Such excess milling capacity resides with MAE two mills as well as gold production to offset cyclic downturn in copper prices .

Plus, with 5 grams per ton gold, the gold circuit of our Nuggett Pond mill can also be used to produce that Ming gold contained within the copper- Gold floatation concentrate .

And several possible open pit high grade copper- gold deposits at Black Ridge and Whisker Valkey ..

Its a marriage/ takeover made in heaven ....



https://www.listcorp.com/asx/ffm/firefly-metals-ltd/news/firefly-metals-outlines-growth-potential-at-green-bay-copper-gold-project-2983385.html

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