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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 Jun 18, 2024 9:51am
92 Views
Post# 36093737

RE:Nozzpack

RE:NozzpackDid you see millions of shares being sold ?

Of course not.
Nothing much new to report .
Our financing is being negotiated , other than that my time is being mostly spent on NFG and it's resource potential particularly as it relates to trial Mining using the Pine Cove mill.

My best estimate of the open pittable resources is just over 10 million ounces , which @200,000 ounces per year is over 40 years of toll milling by Pine Cove ......but that might only be for 5-7 years to provide cash flows to build their own mine and mill at Queensway .

Regardless, a huge cash flow opportunity for MAE...1 million ounces over 5 years is $3 billion in gross revenue value..
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