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Maritime Resources Corp.
Summary
| Project: | Green Bay | |
|---|---|---|
| Deposit: | Hammerdown | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 4/19/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 19-4-2018: Maritime Resources Corp. announces an Exploration/Drilling Update report for its Hammerdown deposit at the Green Bay project. Drilling results incl. 1m @ 68.26g/t Au from 16.27m. VANCOUVER, BC - Maritime Resources Corp. (MAE-TSX Venture, "Marit | |
| 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 first drill results from the 2018 drill program. Phase one is designed to test the near surface gold potential of the J, K, L & M3 veins as outlined from the recently completed surface trenching program. (see News Release MAE 17-12, November 16th , 2017) Drill hole MP-18-31 intersected a 1.00 metre interval assaying 68.26 grams per tonne (g/t) gold which is interpreted to be the J Vein approximately 25 meters south of the historical open mining and 10 meters below the surface. Drill hole MP-18-23 also cut the J Vein near 10 metre depth with an intersection of 9.8 g/t gold over 1.2 metres. The K- vein in drill hole MP-18-23 assayed 8.25 g/ t gold over 1.1metre at a depth of 25 metres. The average unweighted assay grade of all the new intersections in the table below are 14.36 g/t gold, which is very close to the historical mining grade in 2000 and attests to the highgrade gold tenor of the vein system. To date, 1148 meters of drilling have been completed in 20 drill holes designed to test the near surface potential of the unmined J, K L and M3 gold rich quartz/sulphide veins immediately south of the historical mining at Hammerdown. The focus of the drill program has been to test the vein system down to 30 meters below surface with a goal to define a new mineral resource that could potentially be reviewed for open pit mining. The drill program to date has been successful in intersecting the targeted high-grade gold veins and allowed for the recognition of two new mineralized zones, the “QFP “and “I “zones. More than 500 samples have been submitted to date for assaying, with the remaining assays to be reported routinely as results are available from Eastern Analytical Laboratory. | |
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