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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 15, 2024 7:32am
135 Views
Post# 35934392

Reconstituted 1.5 mill ton Processing Capacity at Pine Cove

Reconstituted 1.5 mill ton Processing Capacity at Pine CoveThe contributing copper and gold processing assets that could  be consolidated at Pine Cove have already been identified .

They are......

1..700 tpd Gold mill owned by MAE at Nugget Pond

2...1300 tpd mill owned by MAE at Pine Cove

3...700 tpd copper circuit owned by Firefly and part of the Nuggett Pond gold mill owned by MAE

4...1400 tpd Copper- Gold mill owned by Firefly at Nuggett Pond

5..2400 tpd Copper mill at Duck Pond owned by TECK and up for sale

Total aggregate processing capability of 6500 tpd = 1.5 million tons per year if consolidated at Pine Cove

Any economic analysis of such a consolidation would be very positive , resulting in savings of millions of dollars per year.

Consolidated crushing and ore separation operations at Point Rousse would also save millions along with availability of adjacent Deep Water shipping port and long term tailings facilities as well.

And surrounded by a dozen or so advanced mineral projects containing gold, copper, silver, zinc , moly and several potential VMS deposits .

I keep thinking about what any putative offer for MAE might be and whether that wall at 5 cents might have any such significance to that "  Gold and Copper "  header ..

Just sayin...




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