Maritime Resources Corp.

Published : January 22nd, 2018

High Grade Gold Assays from Jackson Vein at Whisker Valley 13.66 g/t gold Over a Sample Strike Length of 34 metres

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Keywords :   End | Fall | Georgia | Gold | Gold Mine | Metal | Mine | System |

High Grade Gold Assays from Jackson Vein at Whisker Valley 13.66 g/t gold Over a Sample Strike Length of 34 metres

Vancouver, British Columbia--(Newsfile Corp. - January 22, 2018) - Maritime Resources Corp. (TSXV: MAE) ("Maritime") is pleased to announce further results from the trenching and high grade channel sampling program at the Whisker Valley Project, located approximately 10 kilometres ("km") north of the Company's Hammerdown gold mine.

The Jackson Vein is located between the Ben and Gary Veins (see NR 17-14 released November 29, 2017 and NR 17-16 released December 7, 2017) within the trenched area that has now exposed the vein system for over 250 metres. High grade gold assays were returned from both the Gary and Ben veins that sit on either end of the Jackson Vein. The newly discovered vein system remains open in both directions along strike and at depth.

The Jackson Vein, (see figures below) has been exposed during the trenching program that was carried out this past fall and is represented by a robust series of gold and base metal bearing quartz veins, containing localized occurrences of galena, pyrite and chalcopyrite and visible gold hosted in altered granitic rocks.

The Jackson Vein has now been mapped over a total strike length of 82 metres with composited results from the most easterly 34 metre section of the Vein (Listed in the table below - channels 20 to 27) returning a weighted average grade of 13.66 g/t gold with an average vein width of 1.23 metres. Further trenching will be conducted in the spring of 2018 after the completion of the planned drill program to start in February of this year.

Detailed Channel Samples from Jackson Vein

Zone Channel Vein Width(m) Au (g/t) Ag (g/t) Cu (%)
Jackson Channel 20 1.70 4.35 4.92 0.05
Jackson Channel 21 3.20 6.92 6.25 0.06
Jackson Channel 22 B 0.53 5.53 4.25 0.04
Jackson Channel 23 B 1.43 10.64 14.77 0.11
Jackson Channel 24 A 1.07 23.88 18.20 0.28
Jackson Channel 25 0.79 20.70 19.32 0.21
Jackson Channel 26 0.76 24.42 34.18 0.06
Jackson Channel 27 0.36 14.34 3.68 0.03

Sampled over an exposed trenching length of 34 meters

The Jackson Vein is the center portion of the vein system and is part of the overall Whisker Valley gold vein system which includes the Ben, Gary and Jackson. The current trenching program has exposed these veins for over 250 linear metres with all mineralization fully open in both directions and at depth.

Map of Jackson Veins

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Maritime Resources Corp.

CODE : MAE.V
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Maritime Resources Corp. is a gold development stage company based in Canada.

Maritime Resources Corp. is listed in Canada. Its market capitalisation is CA$ 2.4 millions as of today (US$ 1.7 millions, € 1.6 millions).

Its stock quote reached its highest recent level on June 07, 2013 at CA$ 0.44, and its lowest recent point on October 13, 2023 at CA$ 0.03.

Maritime Resources Corp. has 59 040 000 shares outstanding.

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