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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

Post by nozzpackon Dec 08, 2024 1:05pm
102 Views
Post# 36351681

Probable High Grade Start to HD mining

Probable High Grade Start to HD mining

The recent trenching program at Hammerdown exposed near-surface high-grade gold mineralization adjacent to the historic Richmont bulk sample area.


In 2000, prior to commencing underground mining operations at Hammerdown, Richmont Mines excavated an eight-bench open-pit bulk sample at Hammerdown that produced 19,300 tonnes grading 14.3 g/t Au for 8,874 contained ounces.


The recent high grade trenching results announced here, including 49 g/t Au with an average width of 0.4 m over a strike length of 45 m on the O-Vein immediately north of the Richmont bulk sample area, lie within the proposed first stage of open-pit mining and highlight the ease of accessibility, thin overburden cover and the consistent high-grade nature of the gold mineralization.

To the east, samples taken from the Rumbullion veins (R1, R2 and R2A) returned high grades, including 59.9 g/t Au, 112 g/t Au and 55.4 g/t Au, respectively, highlighting the near-surface potential in the eastern section of the proposed open pit.

These are exceptional grades which offer a quick production start to resuming
production at the HD mine

They are right at the surface as well, so mining that tonnage will be quick and cheap .

Planned mining tonnage per day in the 2022 FS was 1200 tons per day..

 

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