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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 Jan 13, 2025 6:47pm
67 Views
Post# 36402280

RE:RE:Interesting..MAE allocates Space for Shoreline Expansion

RE:RE:Interesting..MAE allocates Space for Shoreline ExpansionMy comment was made in the context of preparing for resumption of mining and associated develoment operations which will take most of 2025.

In fact, Maritime has hire Shoreline and its crews to reclaim TSF#1 Tailings Pond including recovered 
gold tailings .
Initial operations ceased in late January due to freeze up and will resume in April with normal melt.
I estimate Approx 20,000 ounces can be recovered.

Likewise, Shoreline also resumes aggregate crushing in April at which time the gravity circuit will be re installed at Shorelines Wash plant for recovery of gold fines.

So, reclamation, recovery and reprocessing of tailings fines has been initiated by Maritime, beginning with TSF#1 which is adjacent to the Line cove mill.

Beyond that, it remains to be seen if Shoreline/ Maritime submitted a proposal to the Task Force  for the  reprocessing of several tailings dumps outside Maritime's TSF#1 tailings Pond.


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