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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 17, 2024 2:14pm
102 Views
Post# 36366676

Spin Out Nuggett Pond Mill to Shareholders

Spin Out Nuggett Pond Mill to ShareholdersI Don t think that the mill can be moved without going through the permitting process .
Currently under care and maintenance .

It can be used for,..

1...Reprocessing of tailings recovered during reclamation. ....about 200,000 ounces available close to that mill

2....Toll milling contracts

3..Configure to run in parallel with Fireflys copper concentrator , adding copper production capacity 

4..Add Shoreline as a cash flow asset along with the Deer Cove Talc - Gold deposit

5..Small scale consolidation opps


That mill is contributing zero to our market cap.

It should be every CEO 's duty to unlock share holder value where and when possible 




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