Welcome to our dedicated page for Maritime Resorcs news (Ticker: MRTMF), a resource for investors and traders seeking the latest updates and insights on Maritime Resorcs stock.
Maritime Resources Corp. (MRTMF) delivers gold exploration updates and operational developments from Canada's premier mining regions. This dedicated news hub provides investors with timely access to official announcements, project milestones, and strategic initiatives from the company advancing high-grade assets like the Hammerdown Gold Project and Pine Cove processing facility.
Discover comprehensive coverage of corporate developments including drilling results, resource estimates, facility upgrades, and partnership announcements. The curated collection serves as a reliable source for tracking exploration progress in Newfoundland and Labrador, metallurgical testing outcomes, and operational optimizations at permitted processing plants.
Key updates span permit approvals, technical report publications, mineral resource expansions, and strategic asset acquisitions. Content maintains strict adherence to factual reporting standards while providing context about the company's gold recovery processes and exploration methodology.
Bookmark this page for streamlined access to Maritime Resources' latest financial disclosures, environmental stewardship initiatives, and leadership updates. Monitor progress across multiple exploration properties and processing infrastructure developments through verified news sources and original corporate communications.
Maritime Resources Corp (TSXV: MAE) (OTC: MRTMF) has announced final drill results from their grade control program at the Hammerdown Gold Project in Newfoundland and Labrador. The program revealed significant high-grade gold intersections, notably 49.4 gpt gold over 2.6 metres, including 153.9 gpt gold over 0.6m in drill hole HDGC-25-235.
The drilling focused on the Rumbullion zone, located 300m east of the core Hammerdown deposit, characterized by steeply dipping, shear-hosted quartz veins. The program completed 8,460m of diamond drilling across 273 holes on a 10m x 10m staggered pattern. Notable findings include 94.5 gpt Au over 0.2m and 25.8 gpt Au over 0.8m.
A significant discovery includes drill hole HDGC-25-241, which intersected 5.1 gpt Au over 11.7m in backfill material, suggesting potential for additional recoveries from historically mined areas.
Maritime Resources (MRTMF) has announced significant drill results from its grade control program at the Hammerdown Gold Project in Newfoundland and Labrador. Key highlights include:
- 5.5 gpt gold over 29.8m, including 73.0 gpt gold over 1.5m in drill hole HDGC-25-177
- 16.9 gpt gold over 2.5m in HDGC-25-181
- 7.7 gpt gold over 5.6m in HDGC-25-160
- 67.1 gpt gold over 0.9m in HDGC-25-188
The grade control program completed 8,460 metres of diamond drilling across 273 holes, designed on a 10m x 10m staggered pattern. Historical underground mining backfill samples averaged 3.3 gpt gold across 274 linear meters of drilling. The program has confirmed the vein model and location of historic underground workings while identifying additional mineralization between high-grade veins, mine backfill material and remnant pillars.
Maritime Resources Corp (TSXV: MAE, OTC: MRTMF) has announced significant drill results from its grade control program at the Hammerdown Gold Project in Newfoundland and Labrador. Key findings include:
Notable intersections revealed 19.9 gpt gold over 17.0 metres, including 32.2 gpt Au over 10.0m in drill hole HDGC-25-124. Additional impressive results include 2.5 gpt Au over 14.0m and multiple high-grade intersections ranging from 27.8 to 31.6 gpt Au.
The grade control program, now completed with 8,460 metres of diamond drilling across 273 holes, was designed on a 10m x 10m staggered pattern. The program successfully validated the vein model and historic underground workings while identifying additional mineralization between high-grade veins, mine backfill material, and remnant pillars. Results are still pending for 114 drill holes.
Maritime Resources Corp. has acquired 12,500,000 common shares of Emperor Metals Inc. (EMAUF) at $0.07 per share on March 11, 2025. The acquisition was made through a property purchase agreement dated January 6, 2025 (amended March 7, 2025), where Maritime's subsidiary 282 transferred 25 mineral claims and one mining lease of the Lac Pelletier gold project in Quebec to Emperor Metals.
Following the transaction, Maritime Resources now owns approximately 10.8% of Emperor Metals' outstanding common shares. The acquired shares are subject to a 4-month and one-day hold period. Maritime Resources may adjust its ownership position based on market conditions, either through open market transactions or private agreements.
Maritime Resources Corp (TSXV: MAE, OTC: MRTMF) has completed the sale of its Lac Pelletier gold project to Emperor Metals Inc (CSE: AUOZ). The project is strategically located 9 km east of Agnico Eagle Mines' Wasamac gold project near Rouyn Noranda and 33 km south of Emperor's Duparquet West gold project in Québec.
The transaction involves the sale of 25 mineral claims and one mining lease in exchange for 12.5 million Emperor shares at $0.07 per share, representing approximately 10.8% ownership in Emperor Metals. The shares are subject to a four-month and one-day hold period from issuance.
Maritime Resources Corp (TSXV: MAE, OTC: MRTMF) has announced significant drill results from its grade control program at the Hammerdown Gold Project in Newfoundland and Labrador. Key highlights include exceptional gold intersections:
- 12.0 gpt Au over 28.0m (including 73.7 gpt Au over 4.0m) from surface
- 46.6 gpt Au over 3.0m (including 69.4 gpt Au within 40m of surface)
- Multiple other high-grade intersections ranging from 2.1 to 35.4 gpt Au
The grade control program has completed 8,460m of diamond drilling across 273 holes, designed on a 10m x 10m staggered pattern. The latest results come from the western and central portions of the proposed Phase 1 pit area, confirming exceptional gold mineralization within a dense swarm of mineralized quartz veins. Results are still pending for 139 drill holes.
Maritime Resources Corp (TSXV: MAE, OTC: MRTMF) has initiated mineral processing operations at its Pine Cove Mill, part of the Point Rousse Gold Project in Newfoundland and Labrador. The facility, acquired in 2023, is currently the only operating gold processing facility in the Province.
Key operational highlights include:
- Processing commenced with over 50,000 tonnes of crushed mineralized stockpile material ready
- Mill capacity: 1,300 tonnes per day (475,000 tonnes/year)
- 37 personnel recruited entirely from local communities
- Identified 85,000-115,000 tonnes of stockpiled material grading ~1.1 g/t gold
- Estimated 3,000-4,000 ounces of contained gold in stockpiles
The facility features a Merrill Crowe system and will include a Falcon gravity concentrator. Recent cleanup yielded over 2,000 kg of high-grade gold concentrate, shipped to Sabin Metals refinery with proceeds expected in 6-8 weeks.
Maritime Resources Corp (TSXV: MAE, OTC: MRTMF) has announced its participation in two major mining industry events in Toronto this March. The company will attend the PDAC conference from March 2-5, 2025, where investors can meet with senior management, technical staff, and investor relations representatives at Booth 2816 in the Investors Exchange at the Metro Toronto Convention Centre.
Additionally, Maritime will participate in Canada's Atlantic Edge event organized by the Atlantic Canada Mining Alliance. President and CEO Garett Macdonald will present on Tuesday, March 4, 2025, at 9:40 am ET at the Intercontinental Hotel. The event includes technical sessions from 9 am to 4:30 pm ET, followed by an East Coast Kitchen Party Reception. Registration for this event is free and available through the provided registration link.
Maritime Resources (MRTMF) announced significant drill results from its grade control program at the Hammerdown Gold Project in Newfoundland and Labrador. Key findings include high-grade gold intersections of 24.1 g/t Au over 3.0 metres, 6.43 g/t Au over 6.5 metres, and 3.5 g/t Au over 10.0 metres.
The program, consisting of 7,675 metres of diamond drilling across 268 holes, has completed 235 holes to date. Notable discoveries include backfill sampling from historic stopes yielding up to 252.2 g/t Au, with a weighted average of 8.0 g/t Au across 26 samples from 10 stopes. The drilling is designed on a 10m x 10m staggered pattern to optimize future ore extraction while minimizing losses and dilution.
Maritime Resources Corp. (MRTMF) has announced significant drill results from its Hammerdown Gold Project in Newfoundland and Labrador. Key findings include 41.6 grams per tonne (gpt) gold over 6.3 metres, including 127.5 gpt gold over 2.0 metres in drill hole HDGC-24-038, and 11.1 gpt gold over 13.1 metres in hole HDGC-24-006.
The grade control drill program, executed by Springdale Forest Resources, has completed 151 holes totaling 4,705 metres out of a planned 7,675 metres across 268 holes. The drilling confirms high-grade gold mineralization near surface and validates the location of historic underground workings. The company's Pine Cove processing plant is being recommissioned and will begin processing existing stockpiled material in the coming weeks.
