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%).

TSXV:MAE - Post by User

Maritime Resources Corp > FFM

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Comment by nozzpackon Sep 24, 2024 4:05pm

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Post# 36239031

RE:RE:FFM

They have over $30 milliion in cash .

This is an unusual equity raise especially as their high grade Red Lake gold asset is for sale .

Its beyond doubt that Maritime's highly diversified assets complement those of Firefly to s premium degree that the Hub and Spoke business model would control NL gold and copper production.

Note also in the new CP, Maritime highlights its Green Bay polymetalic assets have strike continuity with the Litle Deer and Whakesback copper mines that were inefficiently explored several decades ago...to say nothing of Black Ridge.

But it would be very brazen of Firefky .

However it is backed by Bellevue gold which was never shy about an aggressive takeover ..

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