Toronto, Ontario--(Newsfile Corp. - December 11, 2024) - Maritime Resources Corp. (TSXV: MAE) (OTC Pink: MRTMF) ("Maritime" or the "Company") is pleased to announce the commencement of crushing of the mineralized stockpiles at the Company's Pine Cove gold processing facility ("Pine Cove"). Pine Cove is located near the communities of Ming's Bight and Baie Verte in Newfoundland and Labrador, Canada and has been on care and maintenance since March 2023. The facility includes a fully permitted gold circuit and a large capacity in-pit tailings storage facility.
Highlights:
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Contract crushing commenced by Guy J. Bailey Limited to stockpile product for the Pine Cove mill gold circuit prior to the winter freeze up. Crushed material will be used to re-commission the Pine Cove mill.
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Mineralized stockpiles of 85,000-115,000 tonnes grading 1.1 grams per tonne gold for 3,000 to 4,000 ounces gold are expected to be processed during the re-commissioning.
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Pine Cove mill repairs and upgrades on track for a January 2025 mill re-commissioning start up.
"The team at Pine Cove have made tremendous progress preparing the mill for the restart of processing operations, beginning with the mineralized stockpiles that we have identified at the Point Rousse project site. Crushing operations have commenced and work inside the mill continues. We are aiming to safely and efficiently restart the gold circuit in January 2025," comments Garett Macdonald, President and CEO.
Pine Cove Mill
The Pine Cove mill is rated for 1,300 tones per day of process throughput and is configured with a crushing, grinding, flotation, regrind, leaching and a Merrill Crowe circuit that has been on care and maintenance since March 2023. Maritime is conducting a thorough review of the mill's mechanical, electrical and other operating systems prior to recommissioning the process plant with existing mineralized stockpiles.
Re-commissioning activities are well underway with work crews targeting repairs and upgrades to the filter presses, tailings pump box, leach tanks, pumps, electrical motors, air systems, monitoring instruments and the installation of the existing gravity concentrator circuit.
Recruitment of senior mill staff and maintenance positions is substantially complete, including hiring a mill manager, maintenance superintendent, electricians, millwrights, plant operators, mill clerk, as well as procurement and warehousing personnel. Combined with the existing care and maintenance team there are currently 26 people working at Pine Cove, preparing for the mill restart.
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