- Maritime Resources (TSXV:MAE) provided an update on gold cleanup and sampling at its Point Rousse gold project in Newfoundland and Labrador
- Infill sampling of existing drill core below and to the north of the former Pine Cove open pit mine returned 1.37 grams per tonne gold (gpt Au) over 107.8 metres
- As gold cleanup continues at the Pine Cove mill, more than 1,000 kilograms of high-grade concentrate material has been shipped for refining
- Maritime Resources Corp. last traded at $0.06 per share
Maritime Resources (TSXV:MAE) provided an update on gold cleanup and sampling at its Point Rousse gold project in Newfoundland and Labrador.
Infill sampling of existing drill core below and to the north of the former Pine Cove open pit mine returned 1.37 grams per tonne gold (gpt Au) over 107.8 metres; including 2.50 gpt Au over 40.8 metres in drill hole PC-11-181. The mineralized zone is open at depth with additional sampling of adjacent drill holes underway.
Pine Cove mine cross section looking west. (Source: Maritime Resources Corp.)
As gold cleanup continues at the Pine Cove mill, more than 1,000 kilograms of high-grade concentrate material has been shipped for refining.
Sampling of existing stockpiles and tailings storage areas is ongoing around the Point Rousse Project to define material for processing through the Pine Cove mill.
Engineering has been initiated for the installation of a gravity recovery circuit to recover gold from the 1 million tonne per year aggregate wash plant operated at the Pine Cove site by Shoreline Aggregates Inc.
The company has expanded a sampling program around the entire project to quantify gold mineralization that could be processed through the Pine Cove mill in the future.
The Point Rousse Project includes the Pine Cove mill and is 8 kilometres northeast of the town of Baie Verte. Maritime acquired the Point Rousse Project on Aug. 21, 2023.
Maritime Resources Corp. is a gold exploration and development company focused on advancing the Hammerdown Gold Project in the Baie Verte District of Newfoundland and Labrador.
Maritime Resources Corp. (TSXV:MAE) last traded at $0.06 per share.
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