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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 > New Information on Deer Cove Talc
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Post by nozzpack on Sep 14, 2024 6:00am

New Information on Deer Cove Talc

In addition to the gold zone a large scale, high grade talc (+30%) zone is present at the Deer Cove project.

The Deer Cove talc deposit occurs in extensively altered ultramafic rocks beneath the footwall of the Deer Cove thrust fault, directly below a 20-30 m thick zone of carbonate-talc-fuchsite-quartz vein +/- gold mineralization.

This talc- carbonate and talc-carbonate-magnesite zone is fairly extensive and covers a zone over 1.2 km long and from 200 to over 500 m wide.

In the late 1980s Noranda completed a program of surface trenches and diamond drilling followed by metallurgical testing which confirmed a high quality talc product could be produced.

Additional exploration and technical studies would be required to bring the deposit to a NI 43-101 mineral resource estimate.

Calculations later
Comment by nozzpack on Sep 14, 2024 7:35am
So, we have 1200 m  X 25 m X 350 m = 10.5 million cu meters of mineralized ore. SG = 2.8 tons per cu meter qhich means  29 million tons of ore  As for the average Grade, this is typical orogenic vein mineralization. This averages about 3 grams per ton or more in the Deer Cove region. Thats one choice. Deer cover Placer gold..the eroded portion of orogenic veins/ outcrops around ...more