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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 Oct 20, 2024 4:52pm
63 Views
Post# 36273904

RE:Reprocessing Gold Tailings Just 1/3 cost of Mining Gold

RE:Reprocessing Gold Tailings Just 1/3 cost of Mining GoldWith Shoreline providing the heavy movement and excavating  equipment, there might be no end to how many tailings facilities needing reclamation that could be monetized by this JV.

Big Ridge has 143,000 ounces in its tailings facility worth about close to $500 million.

And 1.5 million ounces in its gold resources and over. $25 million in forward tax loss pools.

Right in Dundees wheelhouse .

The bull run in Gold is just now escaping from its paper gold fraudulent paper game which has not been backed by real gold in nearly. 70 years.

 Nugget Pond tailings contains  very high numbers of gold fines .
Just a word from Firefly and another gold recovery project is underway.

Few realize this  rapid transformation in gold producers valuation multiples and how much cheap gold can be  unlocked by these record gold prices from any sources including gold tailings.

We are very blessed ..

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