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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 Mar 13, 2024 12:56pm
97 Views
Post# 35930830

Direct to Mill Mining of M3 Vein and J Vein of HD

Direct to Mill Mining of M3 Vein and J Vein of HDI was surprised to hear Mac talk about the possibility of selective mining of high grade opportunitues offered by and within the HD Resource area .

The proposed HD mine area is fully cleared and during that process two very high grade veins were discovered .
They can be viewed in the Photos on the website or at this link...

https://wp-maritimeresourcescorp-2024.s3.ca-central-1.amazonaws.com/media/2024/02/07202727/dji_0013.1024x0.jpg

A
lso, Richmont excavated a starter open pit with just one mining bench before discovering the much higher underground grades 
This starter pit can also be viewed at the link above .

So, by excavating a second mining bench , that too provides an early mining opportunity before the full mine site is developed .

Those outcropping veins can easily be surgically mined via adits and trenching and excavating , directly taken to the Pine Cove Mill.

Typical grades would be in the 10- to 20 grams  per ton , variable throughout the vein .
HD is now fully permitted, so they can pick and choose any early mining opportunities that they deem most profitable .

Those veins obviously.

FWIW..




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