Maritime Resources Corp V.MAE

Alternate Symbol(s): MRTMF

Metals & Mining Gold

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%).

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Maritime Resources Corp

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Post by nozzpackon Aug 16, 2024 1:06am

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Post# 36181947

Info from Investor Day at NFG

It's becoming more probable that the tolling MOU will be activated

' They said that agreement is still in place all options are being looked at. I asked about the permitting to do a bulk sample, Ron said it wasn't a complicated or long process. "

Keats Trench is already stripped and just 500 m from the highway.
Pine Cove has all of the processing permits, so mobilization could be very quick.

Current upgrade to the Pine Cove mill exactly matches the hard sulphide ore of Queensway .

Plus, such a move will do wonders for the NFG share price which sits near all time lows.

Lots of pent up news will flow once this financing closes.