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Bullboard - Stock Discussion Forum 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... see more

TSXV:MAE - Post Discussion

Maritime Resources Corp > Nugget Pond Mill and Tailings facility
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Post by nozzpack on Jan 16, 2024 6:30am

Nugget Pond Mill and Tailings facility

As already completed, Maritime conducted  a feasibility study to determine the optimal configuration to operate both the Nugget Pond gold circuit and copper concentrator mill concurrently and independently without any impact on Rambler's current operations.

But, as well, Richmont left behind its gold tailings facility from its processing of the High grade ..15.8 grams per ton..ore from the original HammerDown mine .

Gold fines from the crushing circuit would be high grade too, and might provide an early cash flow start up of the  Nuggett Pond mill.

Plus, as already posted, the upgrade of the gold circuit would enable the Nugget pond mill to toll mill Firefly's copper- gold production from the  Ming mine and/or switch to gold processing concurrently .

This story is just unfolding..
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