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Bullboard - Stock Discussion Forum 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... see more

TSXV:MAE - Post Discussion

Maritime Resources Corp > Pine Cove Mine Resources
View:
Post by nozzpack on Sep 08, 2024 2:33am

Pine Cove Mine Resources

Reading through the 2021 Trchnical Report, the Pine cove mine had the following gold resources remaining..

38,800 ounces of Indicated at a cutoff grade of 0.5 grams per ton...1.64 grams per ton

16,800 ounces of inducated at a cutoff of 2 grams per ton ...3.15 grams per ton ore

7700 ounces of gold reserves.

With much higher gold prices now, one wonders if those high grade 16,800 ounces might be in play......
the Pine Cove pit is only 100 meters deep..

Interesting possibility..
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Maritime Resources Corp