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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 Aug 30, 2024 6:46am
361 Views
Post# 36202392

An example of a Junior Gold producer

An example of a Junior Gold producerThere arnt many but I thought about Jaguar ( JAG circa $4.75 ..$350 million market cap ) which I have owned in the past and keep it on watch relative to exploration outcomes.

It produces 65,000 ounces per year at decent AISC and free cash flows to the balance sheet.
My kinda gal.

Maritine has the current resources for at least 50,000 ounces per year for 10 years, with a dozen or more highly prospective discoveries to boost both production and mine life during the 10 years of production from current gold resources ..and no costly capex for mills and no debt.

An excellent proxy for Maritime's future.

And who knows what that limitless mine life the world class Talc deposit might add....could be zilch or could be quite profitable 

GLTA
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