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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 Aug 16, 2024 12:47pm
55 Views
Post# 36182877

RE:RE:2022 FS Updated for POG

RE:RE:2022 FS Updated for POGYes, and that will be the case when Stoger , Orion plus the new discoveries from 2022-23 drilling along with 2024-25 planned drilling  both infill and extensional are completed.

Current Reseeves for HD and Stoger are over 300,000 ounces , Orion with nearly 300,000 ounces of Measured, Indicated and Inferred should add another 150,000-200,000 ounces of Reserves which gets us to at least 450,000 ounces ...over 8 year mine life ..the other two years from the new discoveries .

Plus, there are at least 6 advanced discoveries including Pine Cove extension that will be drilled from HD cash flows over the several years following HD mining along with extensional drilling of current discoveries .....the best place to find a new mine is near a old mine.

GLTA
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