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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

Comment by nozzpackon May 20, 2024 6:20pm
79 Views
Post# 36049142

RE:Advancing the Hammerdown Gold Project | Maritime Resources

RE:Advancing the Hammerdown Gold Project | Maritime Resources Thank you.

An excellent presentation by Mac, as per usual.
Lots of interest in financing it, as we are fully permitted with our own mill.
Site is already prepped ..according to Mac, just one afternoon to remove the thin layer of overburden ...then on to grade control.

It will be a controlled production build up at 50,000 ounces and with two new open pit sources, they expect the mine life to double.
Depending on what might be forth coming from Whisker Value and the two new pits, over 100,000 ounces per year is possible.

Note also the potential of the recently discovered VMS base metal deposit which can be processed at the Pine Cove mill.

Black. Ridge, Whisker valley Gold, Pine Cove, Stoger and Deer cove drillings planned this year.

We need news now to get those 7 cent warrants into the money ..
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