Maritime Resources Corp V.MAE

At least 60,000 ounces of Gold ..Nuggett Pond Tailings

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Will further research this valuable stockpile as it could be a very profitable reclamation project for a Firefly / Maritime Joint Venture 

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 concentrations  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).

 

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Still there as of June 2016. Have not seen any activity since then.. https://www.gov.nl.ca/iet/files/pdf-rqst-proposals-r-tailings-mineral-land.pdf

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Nuggett Pond Mill Maritime owns the Gold circuit When Rambler bought the Nuggett Pond mill in 2012, it added copper concentrate line which I assume would require a Comminution circuit. Maritime needed to add its own Comminution circuit at a cost of $30 million ( or acquire a used circuit ..) for the 2022 FS. If my assumption is correct , Firefly owns the Comminution circuit of the Nuggett Pond