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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 Sep 24, 2024 5:45pm
73 Views
Post# 36239210

RE:RE:Major Move in the Works,,

RE:RE:Major Move in the Works,,Firefly has invested heavily in adding Canadian Advisers and NL advisers.

There is no doubt that they have to list in Canada and Martime has that listing .
Firefky share price has quickly increased from $0.83 to $1.04.

Maritime in todays CP, noted that Firefky has a much larger market cap than Maritime but that their infrastructure assets have the same value.

Tylically, high grade gold assets that are open pittable like Pickle  Crow would sell for $100 per ounce but with wide variance.

Firefly announced recently that they are very close to updating their 43-101 copper resources for the Ming mine.

Their next step would be test mining.

They need much greater processing capability than they currently have  to meet their elevated copper production goals.
By consolidating the two Nuggett pond mills with Pine Cove mill at  Point Rousse and a central ore sorter, up to 6000 tons per day processing capability could be achieved.

Everyone wins.

Still, seems to fast to be probable.

Yet no other outcome fits the facts so well

GLTA








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