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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 NineLiveson Jan 20, 2025 1:39pm
91 Views
Post# 36412160

RE:RE:Dundee is also Involved

RE:RE:Dundee is also Involved

If a company is literally sitting on a Gold mine then it's worth a lot to a major. In these low priced markets those with cash can pick and choose. But any company sitting on easily recoverable resources is always worth more with or without a mill to those with the expertise and cash to mine it.

Majors need to bolster there reserves. I believe this year will break some records in merger and acquisitions. 

 

 

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