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Maritime Resources Corp V.MAE

Alternate Symbol(s):  MRTMF

Metals & Mining Gold
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

Maritime Resources Corp > Coverage by Gold Newsletter…Video
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Comment by nozzpackon Mar 12, 2024 4:42pm
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Post# 35929206

RE:Coverage by Gold Newsletter…Video

RE:Coverage by Gold Newsletter…VideoOther strategic points.
Mac refers to starting HD early by  generating early cash flow   by mining the high grade zones and shipping the ore directly to the Pine Cove mill for processing .

Alternately, it could be Stoger Tight or one of the other two bulk tonnage deposits .
Drilling intensity of HD  is excellent within the Reserves mineralization , so those high grade zones are amenable to direct to mill high grade ore.

Mac mentioned the quick availability of mining contractors to begin such high grade mining and also the milling crew .

Financing for HD is expected to happen in mid Summer 2024 .

This interview is 4 months old, so events have moved forward since then .

GLTA
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