| Maritime Starts 3000 metre Drill Program at Hammerdown and Whisker Projects | |
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Vancouver, British Columbia--(Newsfile Corp. - March 27, 2018) - Maritime Resources Corp. (TSXV: MAE) ("Maritime") is pleased to announce the beginning of the 3000 metre 2018 drill program on both our signature Hammerdown deposit as well as the Whisker gold project which is located approximately 10 kilometres from Hammerdown on the Green Bay Property in Newfoundland and Labrador, Canada. Hammerdown - 2000 Metres Drill Program Drilling at Hammerdown will focus on two areas, Phase one will test the near surface gold potential of the J, K & L veins as outlined from the recently completed surface trenching program. (see News Release MAE 17-12, November 16th, 2017) This portion of the program will consist of shallow drill holes to define the grade and thickness of these veins in this area. Once the drill program is completed, both surface trenching and drilling results will be compiled and evaluated for a potential open pit production scenario similar to Richmont's first year of production whereby they produced approximately 8500 ounces gold at an average grade of 15.85 g/t gold. The current mineral reserves at Hammerdown do not include any gold mineralization from the near surface newly exposed J, K & L veins. |
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Maritime Resources Corp. is based in Canada. Maritime Resources Corp. is listed in Canada. Its market capitalisation is CA$ 3.2 millions as of today (US$ 2.4 millions, € 2.2 millions). Its stock quote reached its highest recent level on June 07, 2013 at CA$ 0.44, and its lowest recent point on September 18, 2023 at CA$ 0.04. Maritime Resources Corp. has 59 040 000 shares outstanding. |