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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 shiftyoneon Jan 13, 2025 6:22pm
94 Views
Post# 36402248

I don't consider it a delay in resumption of milling

I don't consider it a delay in resumption of millingThey stated the mill would be recommisioned in January.  January is not halfway through yet.

3-4000 ounces in a few months should bring in probably $8 million in profit over a very short period.  While they get other ducks lined up.  Once it gets going, I'm hoping that mill always has something to go through it for profit.

The stock is trending upward... in my short 20 months here, I have never seen a bid for 2 million shares at 0.065 before.  Today was not a great day for gold stocks.  The market depth still looks good.  A few more pennies and the owners of the warrants will maybe start exercising them.  And I also hope that those warrant holders feel positive about MAE, and don't sell a hundred million shares to offset their costs to exercise.  They are just investing further.

This is going as planned.  I don't expect delays but sometimes they happen.  
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