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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 > Direct to Mill Mining of M3 Vein and J Vein of HD
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Post by nozzpack on Mar 13, 2024 12:56pm

Direct to Mill Mining of M3 Vein and J Vein of HD

I was surprised to hear Mac talk about the possibility of selective mining of high grade opportunitues offered by and within the HD Resource area .

The proposed HD mine area is fully cleared and during that process two very high grade veins were discovered .
They can be viewed in the Photos on the website or at this link...

https://wp-maritimeresourcescorp-2024.s3.ca-central-1.amazonaws.com/media/2024/02/07202727/dji_0013.1024x0.jpg

A
lso, Richmont excavated a starter open pit with just one mining bench before discovering the much higher underground grades 
This starter pit can also be viewed at the link above .

So, by excavating a second mining bench , that too provides an early mining opportunity before the full mine site is developed .

Those outcropping veins can easily be surgically mined via adits and trenching and excavating , directly taken to the Pine Cove Mill.

Typical grades would be in the 10- to 20 grams  per ton , variable throughout the vein .
HD is now fully permitted, so they can pick and choose any early mining opportunities that they deem most profitable .

Those veins obviously.

FWIW..
Comment by nozzpack on Mar 14, 2024 7:29am
    HAMMERDOWN PRODUCTION HISTORY Richmont Mines Inc. (Richmont) developed and operated the Hammerdown deposit from 2000 to 2004 as an open pit and an underground mine. Material from the mine was processed off-site at the Nugget Pond mill located approximately 140 km away. Table 6.2 summarizes the production records at the Hammerdown Mine (Tully, 2004). Table 6.2 Hammerdown ...more