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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...
project. It controls over 439 square kilometers (km2) of exploration land including the Green Bay, Whisker Valley, Gull Ridge and Point Rousse projects. The Company owns mineral processing assets in the Baie Verte mining district, which include the Pine Cove mill and the Nugget Pond gold circuit. It also owns the Lac Pelletier gold project in Rouyn Noranda, Quebec. Its land holding, across all its properties, covers an area of approximately 43,925 hectares, of which the Company holds a 100% mineral rights interest in 37,050 hectares with the remaining 2,175 hectares under option agreements (100%).
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TSXV:MAE - Post Discussion
Maritime Resources Corp
> Pickle Crow
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•••
goldsoldat
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Post by
goldsoldat
on Sep 26, 2024 4:59am
Pickle Crow
FFM postings on hot copper have a debate about selling Pickle Crow ("narrow vein gold") vs keeping it. Goldsoldat
(3453)
•••
nozzpack
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Comment by
nozzpack
on Sep 26, 2024 8:09am
Thank you. I view it as a valuable asset because a portion of the gold resources is open pitable which means more robust free cash flows. However, the Madsen mine of the same grade in that region was acquired in 2023 for $25 million including $350 million in previous investment including a 800 tpd mill. But it is purely an underground mine and the price suggests high mining costs
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