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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 May 15, 2024 9:06am
127 Views
Post# 36040747

ESG consolidation of Nuggett Pond facilities to Point Rousse

ESG consolidation of Nuggett Pond facilities to Point RousseThe NL Govt requires of its mining industry a commitment to minimizing its environmental footprint by utilizing existing infrastructure where economics permit.

Thats why the MOU of NFG with Maritime.

Firefly acquired the Ming Mine and infrastructure because of the same required commitment to ESG .

So, NFG not only because Pine Cove is the only gold mill available for Queenie ore  but it has to use it because of the ESG requirement 

The Pine Cove mill has enormous processing flexibility including base metals and copper.

Consolidation of Nuggett Pond processing facilities to Point Rousse  by both Firefly and MAE will happen  because of ESG ...eliminates two tailings ponds

This makes toll milling of Ming copper just 5 km away an option in early 2026
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