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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 shiftyoneon Jun 24, 2024 12:00am
69 Views
Post# 36102715

RE:RE:The coming NFG PEA and the Advantages of Grade

RE:RE:The coming NFG PEA and the Advantages of GradeIf NFG was really interested in 7using the Pointe Rousse mill, they may have made a big mistake when they could have got it for next to nothing.  I can't understand why they didn't buy it if they were interested.   there was a promotional ad that said nfg would make their decision by q2.  Well, that deadline is coming up fast.

Perhaps none of their experts thought of using that mill for open pit to bring in dollars.  But the silence is causing me and others to be skeptical.   If they looked at the idea of toll mining and it didn't work with their plans, neither NFG or MAE would have a requirement to report that.  And likely neither would want to.

Should be getting news on the cleanup profits this week.  MAE just stated it should be settled in June.  Maybe there will be a flurry of news releases in the near future.

My experience with MAE,  nothing happens fast.   Good Luck.  I still hold it..
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