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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. The Company is focused on advancing the Hammerdown Gold Project in the Baie Verte District of Newfoundland and Labrador, a top tier global mining jurisdiction. 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 also controls over 439 square kilometers (km2) of exploration land including the Green Bay, Whisker Valley, Gull Ridge and Point Rousse projects. Mineral processing assets owned by the Company in the Baie Verte mining district include the Pine Cove mill and the Nugget Pond gold circuit. The Point Rousse Project covers an area of approximately 54 km2. The Company also owns the Lac Pelletier gold project in Rouyn Noranda, Quebec. Its wholly owned subsidiary is 2823988 Ontario Corp.


TSXV:MAE - Post by User

Comment by nozzpackon Sep 20, 2024 5:27am
45 Views
Post# 36232503

RE:Consolidation of Nuggett Pond Mill at Point Rousse

RE:Consolidation of Nuggett Pond Mill at Point RousseFor those who do know understand, the gold circuit of Maritimes Nuggett Pond mill which is connected to Flys Nuggett Pond mill is owned by Maritime and the copper concentrate circuit is owned by FLY.

It was planned that these two circuits could operate in Parrellel.

Its possible that the gold and copper circuits could be cannabiliozed in any consolidation of thetwo Nuggett Pond Mills at Point Rousse.
This would boost the Pine Cove mill to 2000 tpd and likewise for Flys Nuggett Pond mill.

The current upgrade to the Pine cove mill is modestas far as I know.

I recall it is the installtion of a gravity circuit that would then fully modify the Pine Cove mill to meet the recovery benefits of the gravity circuit used in the Keats mettalirgical results of NFG.

Just additional info, but the consolidation is  speculative based on sound economics and Ramblers plans .

Im off to the golf course..
GLTA


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