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News Focus
Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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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 > Purposeful Delay in Share Consolidation ?
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Comment by nozzpackon Oct 17, 2024 4:42pm
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Post# 36270604

RE:RE:RE:Purposeful Delay in Share Consolidation ?

RE:RE:RE:Purposeful Delay in Share Consolidation ?That is the plan as stated in the new CP.

There is no need of a new FS for the HD mine.

We have already a FS whose capex is now considerably reduced by direct shipping ore to our fully updated Pine Cove mill....waste ore will go to Shoreline and any residual gold in the waste ore will bel recovered by the gravity circuit now about to be completed on Shorelines wash plant.

So, mining of HD deposit portion of the multi deposit gold resources will begin mid summer of 2025.

High grading will be the early model .
Along with cash flows from stockpiles, tailings, warrants and HD mine production ....all of which will be inflated by high gold prices...should be suffucuent to full fund the early resumption of mining of HD.

Accirding to some on the BFG Bullboard, a substantial news release is expected on Monday.

I have no confidence in such speculation but the recent rising price of NFG  might be saying something..



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