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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 27, 2024 7:46am
181 Views
Post# 36058511

NFG Queensway Open Pit Mining Profile

NFG Queensway Open Pit Mining ProfileFYI..

Open Pit Mining Profile

The mineralized zone todate is 4.8 km long and 400  m wide .This was covered extensively by the  3-D seismic program which was designed to focus on the this highly prospective northern segment of the AFZ, which is host to prominent discoveries including Keats, Iceberg, Keats West, K2, Lotto, and Golden Joint across which It has achieved high-quality imaging to a vertical depth of 2.5km.

These zones have the highest grades , cover extended areas of the 4.8 km mineralized zone , common and compatible mettalurgy , and highest density drilling, a key requirement for early mining , initial MRE and the upcoming PEA.

Further, with high intensity drill cores to 350 meters of vertical depth throughout this extended mining, area along with high quality 3D imaging , it is to be expected that  the normal multiplicative parametrized calibration model between drill cores and seismic signatures has already been completed.

With that parameterized predictive model of gold lodes at depth, now being continously updated as the deep drilling to 1000 m+ calibration program adds new multivariate drilling data , by the time all is said and done, high grade multiple open pit mining will be in place over an extended area of QW North covering the best calibration zones to Seismics , enabling reliable knowledge not only of the existence but quantifying high grade gold lodes to 1000 meters or more.

QW North is a Fosterville orogenic analogue , it's multiple high grade open pits confirm that expectation , and almost certainly the existence of economic grades of gold to over 1000 m will be confirmed.

Yet, this empirical demonstration of great wealth from Keats Main to Lotto is only a modest portion of the drill defined mineralization todate , and that by itself is only a modest portion of the defined strike.

This is the great asset demonstration project that we have all be waiting for.
We have the grades , we have the open pit resources, the compatible mettalurgy , the processing ability , and will be kicked very soon into its existential state by early mining of the initial five open pit mines.

If all goes well, QW North is now set to  deliver in many multiples it's considerable  investment potential.

AIMHO

GLTA

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