Maritime Resources Corp.

Published : February 13th, 2018

Maritime Resources Corp.: Whisker Valley Project Continues to Return High Grade Gold Assays 10.22 g/t Au Over a Sample Strike Length of 23.75 Metres

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Keywords :   Central | Georgia | Gold | Gold Mine | Mine | System |

Maritime Resources Corp.: Whisker Valley Project Continues to Return High Grade Gold Assays 10.22 g/t Au Over a Sample Strike Length of 23.75 Metres

Vancouver, British Columbia--(Newsfile Corp. - February 13, 2018) - Maritime Resources Corp. (TSXV: MAE) ("Maritime") is pleased to announce the last of the high grade gold results from the channel sampling program from the 2017 trenching at the Whisker Valley Project, located approximately 10 kilometres ("km") north of the Company's Hammerdown Gold Mine.

The remaining results from Jackson and Ben Veins are from the central part of the gold vein system that extends for over 250 metres east-west, consisting of the Ben, Jackson and Gary Veins. Deep overburden has limited the exposure of the veins in this central portion of the vein system resulting in intervals that could not be sampled However, where sample were taken there continues to be some very high-grade gold assays, similar to the results reported in earlier releases (see news released November 29, 2017, news released December 7, 2017 and news released January 22, 2018). The newly discovered vein system remains open in both directions along strike and at depth. (see figures below).

The most recent assays of the westerly extension of the Jackson Vein has returned composited grades of 10.22 g/t Au over a strike length of 23.75 metres, as well as 3.59 g/t Au over a strike length of 26.25 metres as outlined in the table below. Significant to note is the occurrence of numerous mineralized tension gash veins in the immediate hangingwall and footwall of the Jackson Vein. Assays from several of the tension gash veins returned assays of 15.73 g/t Au over 0.30 metres, 3.78 g/t Au over 0.36 metres as well as 20.38 g/t Au over 0.15 metres.

The most recent assays of the easterly extension of the Ben 2 Vein returned composited grades of 4.25 g/t Au over a strike length of 13.00 metres, 2.02 g/t Au over a strike length of 22.50 metres, 4.69 g/t Au over a strike length of 5 metres, as well as, 1.34 g/t Au over a strike length of 17.50 metres as outlined in the table below. The Ben 1 easterly extension is covered by deeper overburden.

Detailed Channel Samples assays and composited grades from the Ben 2 Vein East

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Data and Statistics for these countries : Georgia | All
Gold and Silver Prices for these countries : Georgia | All

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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