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Maritime Resources Corp.
Summary
| Project: | Green Bay | |
|---|---|---|
| Deposit: | Hammerdown | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/13/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 13-9-2018: Maritime Resources Corp. announces an Exploration/Drilling Update report for its Hammerdown deposit at the Green Bay project. Drilling results incl. 1.20m @ 10.95g/t Au from 68.50m. VANCOUVER, BC - Maritime Resources Corp. (MAE-TSX Venture, "Ma | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Bernard Kahlert (Not stated) | |
| ABSTRACT: | VANCOUVER, BC - Maritime Resources Corp. (MAE-TSX Venture, "Maritime”) is pleased to announce the final set of drill results from the 2018 diamond drilling program at the Hammerdown gold deposit on the companies Green Bay Properties. The Company completed 1,733 meters drilling in 31 drill holes immediately south of the historical open pit mining area. The program was designed to follow up on the unmined J, K L and M3 gold rich quartz/sulphide vein system that was outlined from a surface trenching program late 2017 (see News Release MAE 17- 12) and to test the mineralization in the top 30 meters below surface. The goal of the program was to outline a new mineral resource that could potentially be evaluated as a start-up open pit mining operation. (see News Release MAE 18-13, MAE 18-16) If successful, this could potentially reduce the preproduction timeline as outlined in the prefeasibility study announced in March 2017. During start-up of the original Hammerdown Mine in year 2000, Richmont produced ~8,500 ounces from the small open pit adjacent to the underground over a period of just 4 months. Drill hole MP-18 – 39 intersected a 1.2 metres interval in the K1 Vein grading 10.95 gm/t gold and hole MP-18- 42 cut a 1.44 metre vein grading 27.2 gm/t gold. A number of other vein intercepts with significant gold values were also recorded and are included in the Table of Assays, below. All 31 drill hole traces are shown on the Plan Map below. | |
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