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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 12:26pm
86 Views
Post# 36563014

HD s Reserves Can be Produced in 2.5 years with PC Mill

HD s Reserves Can be Produced in 2.5 years with PC MillOver the course of the 5 year mine at 50,000 ounces per year, The XRAY ore sorter in the 2022 FS reduced volumes sent to the mill by 40 % from 1.9 m tons to 1.15 million tons at an average sorted grade of 6.7 grams per ton.

The Pine Cove Mill can process 450,000 tons of ore per year just 

Ussing the same ore sorter with the same results, it would take the Pine Cove Mill just 2.5 years to produce the 272,000 ounces of Reserves at approx 105,000 ounces per year

This assumes no increase in grade, nor Reserves and that the same inefficient sorter will be used .

None of these assumptions are likely to be apply , given the higher performance of  recent sorters , and the higher grades and new discoveries of the 2025 GC drilling program.

In short, if Dundee wants a very quick ramp up to 100,000 ounces per year, all he has to do is put in his order...
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