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%).

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Maritime Resources Corp

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Post by nozzpackon Apr 30, 2024 7:06am

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Post# 36014154

NFG Chief Development Officer for Mine Development

From the April 3 NR.........

Ron Hampton, chief development officer of New Found, stated: "These initial results of the metallurgical testing indicate excellent gold extraction from the mineralization observed at the Keats, Lotto and Golden Joint.

In addition, this test work indicates the suitability of processing utilizing conventional gravity separation and carbon-in-leach (CIL) technology."

This is exactly the processing specifications of the Pine Cove Mill.

BTW, should NFG so require, Maritime stands ready to expand the Pine Cove mill by cannabilizing and adding equipment from the Nuggett Pond mill.

All that is left is the final processing arrangement ...

GLTA