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Maritime Resources Corp V.MAE

Alternate Symbol(s):  MRTMD

Maritime Resources Corp. is a Canada-based gold exploration and development company, which is focused on advancing the Hammerdown Gold Project in the Baie Verte District of Newfoundland and Labrador. The Company holds a 100% interest directly and is 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. The Company controls over 439 square kilometers (km2) of exploration land, including the Green Bay, Whisker Valley, Gull Ridge, and Point Rousse projects. The mineral processing assets owned by the Company in the Baie Verte mining district include the Pine Cove mill and the Nugget Pond gold circuit.


TSXV:MAE - Post by User

Post by nozzpackon May 06, 2025 8:00am
145 Views
Post# 36562539

Nugget Pond Mill

Nugget Pond Mill

Maritime owns the gold circuit of the Nuggett Pond mill...Thats the back end.

The front end....crusher and grinder...is owned by Rambler..now FFM.

FFM appears to have settled on a new mill near the mine at Point Rousse which would make the front end available to Maritime.

If that proceeds, and a ore sorter is installed at HD, the Nuggett Pond mill could probably near double its milling capacity to that of Pine Cove or indeed exceeding its current 700 tpd milling rate if the engineering updates resukts in an increase in the milling rate.

Afterall, those 1.6 million ounces of gold held by Big Ridge can be shipped by ore carrier directly to the Nugett pond mill..

Xxxxxxxxx
"Maritime's two gold processing assets, Pine Cove and Nugget Pond, provide the foundation for a dual hub and spoke business model in the district.

The replacement value of the infrastructure is estimated to be over $150 million and would require several years of engineering and permitting.

Maritime's long term vision is to utilize both gold plants targeting annual gold production of over 100,000 ounces from its pipeline of projects and potential feed from third parties.
"

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