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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 20, 2024 8:08pm
75 Views
Post# 36141474

RE:RE:Stockpile Production

RE:RE:Stockpile ProductionThey need working capital to engage the mill and its operating costs  along with extraction costs of stockpiles .
My review of their current WC is that , while normal operating costs can be sustained , they don't have the excess WC to begin extracting and processing those stockpiles.

That will come once the financing is arranged in August after  which you will see an extremely active exploration, development , and production operations .

In the meantime, we remain a wild card..


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