- Maritime Resources (TSXV:MAE), a junior miner active in Newfoundland and Labrador, has added to its recent run of high-grade drill results at its Hammerdown gold project
- Highlights include 12 grams per ton (g/t) of gold over 28 m, including 73.7 g/t gold over 4 m
- Maritime Resources is a gold exploration and production company advancing the feasibility-stage Hammerdown project in Newfoundland and Labrador
- Maritime Resources stock has added 100 per cent year-over-year but remains flat since 2020
Maritime Resources (TSXV:MAE), a junior miner active in Newfoundland and Labrador, has added to its recent run of high-grade drill results at its Hammerdown gold project, located near the towns of King’s Point and Springdale.
Results stem from the western and central portions of the proposed phase-1 pit area as part of a now finalized grade control program, which sought to provide data to refine geological models and prepare for the first year of proposed open-pit mining at Hammerdown. Highlights include:
- 12 grams per ton (g/t) of gold over 28 m, including 73.7 g/t gold over 4 m (HDGC-25-122), only 15 m north of January’s 43.6 g/t gold over 6.3 m, including 127.5 g/t gold over 2 m (HDGC-25-038).
- 46.6 g/t gold over 3 m, including 69.4 g/t gold over 2 m (HDGC-25-112), hosted within a large quartz vein with semi-massive pyrite.
- 78.6 g/t gold over 0.5 m (HDGC-25-110).
According to Tuesday’s news release, the company believes these intercepts confirm the “exceptional gold mineralization” within a dense swarm of quartz veins and quartz feldspar porphyry dykes, leading management to feel confident about “the significant value that remains” at Hammerdown.
The grade control drill program consisted of 273 drillholes spanning a total of 8,460 m. Investors can expect pending assays for 139 drillholes as they are received.
Tuesday’s news follows a high-grade hit of 24.1 g/t gold over 3 m at Hammerdown released in February.
About Maritime Resources
Maritime Resources is a gold exploration and development company advancing the feasibility-stage Hammerdown project in Newfoundland and Labrador. The company also controls mineral processing assets and over 439 square kilometres of land for exploration.
Maritime Resources stock (TSXV:MAE) last traded at C$0.08 per share. The stock has added 100 per cent year-over-year but remains flat since 2020.
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(Top photo of the Hammerdown gold project in Newfoundland and Labrador: Maritime Resources)