Maritime Resources Corp V.MAE

Approximately 100,000 ounces in Nuggett Pond Tailings

[nozzpack]

Approximately 60,000 ounces as of 1987....see below extract.

Add production since then and it's probably close to 100,000 ounces now at very attractive grade.

The Nuggett Pond Gold Mill sits there idle ..

FWIW

GLTA

In 1987, the Newfoundland Department of Mines evaluated the potential for economic concentra- tions of gold and base metals in the Rambler tailings area (Collins, 1987).

A total of 1005 tailings samples were col- lected and analyzed and as a result, three zones containing a total of 881 468 tonnes grading 2.057 g/t Au were outlined (Table 22).

[nozzpack]

I think that these are dry tailings ( on land ) rather than in tailings ponds. The reason is that most of the copper mining took place prior to requirements for chemical mitigation by using tailings ponds and polishing ponds.....see history exerpt below If this is the case, these dry tailings are easily mined for their gold content. I assume that these historical dry tailings would be