Maritime Resources Corp V.MAE

Alternate Symbol(s): MRTMF

Metals & Mining Gold

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

Maritime Resources Corp

Bullboard Posts

Post by kraftdinneron Sep 06, 2003 4:27pm

265 Views

Post# 6388912

Well I'm out

Sold out my remaining position yesterday as I believe this stock may become be dead money for the next year due to the financing combined with the reduction in production. It was a nice ride from 1.15 and I'm very happy with the one year return and will take a look at this stock next year when Hope Bay is a little closer and a little larger. Anyways, just thought I would share my thoughts. Good luck and see you around. KD

Bullboard Posts

@ the Bell: TSX advances to start off Christmas trading week