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Maritime Resources Corp.
Summary
| Project: | Hammerdown | |
|---|---|---|
| Deposit: | Hammerdown | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/15/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 15-7-2020: Maritime Resources Corp. announces an Exploration/Drilling Update report for its Hammerdown deposit at the Hammerdown project. Drilling results incl. 8.88m @ 8.01g/t Au, 4.82g/t Ag from 23.04m. Toronto, ON (July 15, 2020) Maritime Resources (TS | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report] Larry Pilgrim (Internal) | |
| ABSTRACT: | Toronto, ON (July 15, 2020) Maritime Resources (TSX.V: MAE) (“Maritime” or the “Company”) is pleased to announce initial assay results from its 10,000 metre diamond drill program at the Hammerdown Gold Project (“Hammerdown” or the “Project”) located near the towns of Springdale and King’s Point, Newfoundland and Labrador (“NL”). The 10,000 metre program includes infill and grade control testing within the conceptual mine plan outlined in the recent Preliminary Economic Assessment (PEA)1,2 as well as a number of pure exploration drill holes targeting several prospective areas for new high-grade discoveries and potential expansion of mineral resources. “The first round of infill drill results returned encouraging high grade, shallow gold and silver mineralization in an area of the deposit that lies on the eastern end of the PEA open pit mine plan”, commented Maritime President & CEO, Garett Macdonald. “We are approximately half-way through the 10,000 metre drill program with 5,200 metres safely completed. We will continue to regularly update the market as assay results are received”. | |
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