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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 Jul 17, 2024 4:22pm
76 Views
Post# 36137296

RE:Merrill Crowe Boosts Recovery to over 98%

RE:Merrill Crowe Boosts Recovery to over 98%Pine cove gold recoveries were about 87% prior to the installation of the Merrill Crowe circuit in late 2023.

So, when HD begins production, Maritime will be extracting an extra 10 grams of gold for every 100 grams of head grade entering the mill.

This will considerably boost the operating margin as each gram of gold recovered will add $80 to the operating earnings relative to historical recoveries..

One might wonder who requested the Merrill Crowe,.
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