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 > Approximately 100,000 ounces in Nuggett Pond Tailings

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Post by nozzpackon Sep 17, 2024 3:11am

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Post# 36226638

Approximately 100,000 ounces in Nuggett Pond Tailings

Approximately 60,000 ounces as of 1987....see below extract.

Add production since then and it's probably close to 100,000 ounces now at very attractive grade.

The Nuggett Pond Gold Mill sits there idle ..

FWIW

GLTA

In 1987, the Newfoundland Department of Mines evaluated the potential for economic concentra- tions of gold and base metals in the Rambler tailings area (Collins, 1987).

A total of 1005 tailings samples were col- lected and analyzed and as a result, three zones containing a total of 881 468 tonnes grading 2.057 g/t Au were outlined (Table 22).

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Southern Ontario mineral processing operation receives green fund support