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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 07, 2024 8:17am
180 Views
Post# 35975360

Status of recovering gold from P Cove Tailings / Wash Plant

Status of recovering gold from P Cove Tailings / Wash PlantThe Nugget Pond mill has a gravity separator .
If,as indicated, that mill is being cannabilized to boost/ add production capacity to the Pine Cove mill, installing that gravity circuit for the aggregate wash plant is simple.


Basically, gold tailings dredged from the tailing pond require little or no comminution as they are usually concentrated by gravity at the bottom of the tailings slurry .

Recovery such high grade fines by passing that slurry  through a gravity table , retain the denser gold particles
 while allowing the much less dense sand and gravel to pass over.

The mill is very close to the tailings slurry.
No mining or transport costs other than dredging costs 

With POG above $2300 US per ounce, it would seem that recovering gold fines from the larger tailings Pond should be very profitable .

This is one of several interim production options that could fund the development to production of the HD mine.

An update on these early production initiatives including pit 278 of Stoger would desirable to give us a price and volume breakout ..



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