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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 Apr 04, 2024 11:59am
127 Views
Post# 35970575

April Corporate Presentation

April Corporate Presentation

See link below..

Several new additions .
They have pictures of the new HD ore separator which will reduce by 50 % the volume of HD ore needed to be trucked to the Pine Cove Mill and in the process elevating the head grade into the mill to 6.8 grams per ton from the ROM grade of 4.7 grams per ton .......huge savings in trucking costs, higher grades means higher gold recoveries and less processing costs for the Pine Cove mill.

Like all of their acquired assets todate, they are very focused on cutting operating costs to the bone at every opportunity .
Also highlights Firefly strategic investment in MAE, making it the seventh mining company invested todate.

They also highlight the many advanced and highly prospective discoveries within 4 km of the Pine Cove mill which is slated for drilling to assess cheap nearby production sources for the Pine Cove mill.
....more on this later
Also, it just struck me that they are showing a gravity separator being used to separate gold fines......more on this later

Its nice to see new CPs every two three weeks..
 


https://wp-maritimeresourcescorp-2024.s3.ca-central-1.amazonaws.com/media/2024/04/03074808/Maritime-3-21-24.pdf

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