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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 Jul 16, 2024 1:10pm
90 Views
Post# 36135027

POG Breaks Through All Time high

POG Breaks Through All Time highNow at $2463  almost $20 higher.

One wonders what will be the next price eclipse....$2500 is not all that far away.
The 2022 FS was based on $1700 POG, as I recall.

It will now be that much easier to sell that Abitibi property which came as part of the Nuggett Pond mill acquisition .

Those assets were all sold , almost paying for the mill .

Stogger tight is partially permitted for mining and just a few km away from the mill.

At some point, with a bit of grade control and at these gold prices ,those 25000 ounces will be mined for interim cash flows..



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