Maritime Drills 12 gpt Gold over 28.0 Metres Including 73.7 gpt Gold over 4 Metres at Hammerdown Gold Project
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) ha annunciato risultati significativi dai suoi programmi di controllo del grado presso il Hammerdown Gold Project nel Newfoundland e Labrador. I punti salienti includono eccezionali intersezioni aurifere:
- 12.0 gpt Au su 28.0m (inclusi 73.7 gpt Au su 4.0m) dalla superficie
- 46.6 gpt Au su 3.0m (inclusi 69.4 gpt Au entro 40m dalla superficie)
- Altre numerose intersezioni ad alta legge che variano da 2.1 a 35.4 gpt Au
Il programma di controllo del grado ha completato 8.460m di perforazione a diamante su 273 fori, progettato su un modello sfalsato di 10m x 10m. Gli ultimi risultati provengono dalle porzioni occidentali e centrali dell'area proposta per la Fase 1 della miniera, confermando un'eccezionale mineralizzazione aurifera all'interno di un denso gruppo di vene di quarzo mineralizzate. I risultati per 139 fori di perforazione sono ancora in attesa.
Maritime Resources Corp (TSXV: MAE, OTC: MRTMF) ha anunciado resultados significativos de su programa de control de grado en el Hammerdown Gold Project en Terranova y Labrador. Los aspectos más destacados incluyen intersecciones de oro excepcionales:
- 12.0 gpt Au sobre 28.0m (incluyendo 73.7 gpt Au sobre 4.0m) desde la superficie
- 46.6 gpt Au sobre 3.0m (incluyendo 69.4 gpt Au dentro de 40m de la superficie)
- Múltiples otras intersecciones de alta ley que varían de 2.1 a 35.4 gpt Au
El programa de control de grado ha completado 8,460m de perforación de diamante en 273 agujeros, diseñado en un patrón escalonado de 10m x 10m. Los últimos resultados provienen de las porciones occidental y central del área propuesta para la Fase 1 de la mina, confirmando una mineralización de oro excepcional dentro de un denso enjambre de vetas de cuarzo mineralizadas. Los resultados de 139 agujeros de perforación aún están pendientes.
Maritime Resources Corp (TSXV: MAE, OTC: MRTMF)는 뉴펀들랜드와 래브라도에 있는 Hammerdown Gold Project의 등급 제어 프로그램에서 중요한 시추 결과를 발표했습니다. 주요 하이라이트는 예외적인 금 광맥을 포함합니다:
- 28.0m에서 12.0 gpt Au (4.0m에서 73.7 gpt Au 포함)
- 3.0m에서 46.6 gpt Au (표면에서 40m 이내에 69.4 gpt Au 포함)
- 2.1에서 35.4 gpt Au까지 다양한 고품질 시추 결과
등급 제어 프로그램은 10m x 10m의 계단식 패턴으로 설계된 273개의 홀에서 8,460m의 다이아몬드 시추를 완료했습니다. 최신 결과는 제안된 1단계 피트 지역의 서부 및 중앙 부분에서 나왔으며, 광물화된 석영 vein의 밀집한 무리 내에서 예외적인 금 광물화를 확인했습니다. 139개의 시추 홀에 대한 결과는 아직 대기 중입니다.
Maritime Resources Corp (TSXV: MAE, OTC: MRTMF) a annoncé des résultats de forage significatifs issus de son programme de contrôle de la teneur au Hammerdown Gold Project à Terre-Neuve-et-Labrador. Les points forts incluent des intersections en or exceptionnelles :
- 12.0 gpt Au sur 28.0m (y compris 73.7 gpt Au sur 4.0m) depuis la surface
- 46.6 gpt Au sur 3.0m (y compris 69.4 gpt Au à moins de 40m de la surface)
- Plusieurs autres intersections de haute teneur allant de 2.1 à 35.4 gpt Au
Le programme de contrôle de la teneur a complété 8.460m de forage diamanté à travers 273 trous, conçu selon un modèle décalé de 10m x 10m. Les derniers résultats proviennent des parties ouest et centrale de la zone de fosse proposée pour la Phase 1, confirmant une minéralisation aurifère exceptionnelle au sein d'un dense essaim de veines de quartz minéralisées. Les résultats de 139 trous de forage sont encore en attente.
Maritime Resources Corp (TSXV: MAE, OTC: MRTMF) hat bedeutende Bohrergebnisse aus seinem Gradkontrollprogramm im Hammerdown Gold Project in Neufundland und Labrador bekannt gegeben. Die wichtigsten Highlights umfassen außergewöhnliche Goldintersektionen:
- 12.0 gpt Au über 28.0m (einschließlich 73.7 gpt Au über 4.0m) von der Oberfläche
- 46.6 gpt Au über 3.0m (einschließlich 69.4 gpt Au innerhalb von 40m von der Oberfläche)
- Mehrere andere hochgradige Intersektionen von 2.1 bis 35.4 gpt Au
Das Gradkontrollprogramm hat 8.460m Diamantbohrungen über 273 Löcher abgeschlossen, die in einem versetzten Muster von 10m x 10m angelegt wurden. Die neuesten Ergebnisse stammen aus den westlichen und zentralen Bereichen des vorgeschlagenen Phase-1-Grubenbereichs und bestätigen eine außergewöhnliche Goldmineralisierung innerhalb eines dichten Schwarmes mineralisierter Quarzadern. Die Ergebnisse von 139 Bohrlöchern stehen noch aus.
- High-grade gold intersections: 12.0 gpt Au over 28.0m from surface
- Consistent high-grade results across multiple holes
- Grade control program completed with 8,460m of drilling
- Strong mineralization continuity confirmed in deposit core
- 139 drill holes still pending results
- Starter pit includes more waste rock than deposit core
Toronto, Ontario--(Newsfile Corp. - March 4, 2025) - Maritime Resources Corp. (TSXV: MAE) (OTC Pink: MRTMF) ("Maritime" or the "Company") is pleased to announce additional drill results from a grade control drill program at the Hammerdown Gold Project. Hammerdown is located in the Baie Verte mining district of Newfoundland and Labrador, near the towns of King's Point and Springdale.
Highlights:
12.0 grams per tonne ("gpt") gold ("Au") over 28.0 metres ("m"), including 73.7 gpt Au over 4.0m starting at surface in drill hole HDGC-25-122
46.6 gpt gold Au over 3.0m, including 69.4 gpt Au over 2.0m within 40m of surface in drill hole HDGC-25-112
78.6 gpt Au over 0.5m in drill hole HDGC-25-110
35.4 gpt Au over 1.0m drill hole HDGC-25-113
11.4 gpt Au over 4.0m in drill hole HDGC-25-108
5.4 gpt Au over 7.2m in drill hole HDGC-25 -116
2.1 gpt Au over 7.0m in drill hole HDGC-25-106
10.8 gpt Au over 1.0m in drill hole HDGC-25-102
7.1 gpt Au over 1.8m in drill hole HDGC-25-110 in an unmined pillar
Discussion of Results
The latest drill results come from the western and central portions of the proposed Phase 1 pit area. The grade control program is designed to refine geological models and provide high-resolution data for the first year of proposed open-pit mining at Hammerdown. Notable assay results include drill hole HDGC-25-122 which intersected 12.0 gpt Au over 28.0m, including 73.7gpt Au over 4.0m. Hole 122 is located 15m North of previously announced hole HDGC-25-038 which returned 43.6 gpt Au over 6.3m, including 127.5 gpt Au over 2.0m (Maritime Press Release Dated January 27, 2025). Additionally, HDGC-25-112 intersected 46.6 gpt Au over 3.0m, including 69.4 gpt Au over 2.0m, hosted within a large quartz vein containing semi-massive pyrite. Hole HDGC-25-104 located 10m east returned a swarm of mineralized veins and Quartz Feldspar Porphyry Dykes ("QFP") and altered Mafic Volcanics returning 5.89 gpt Au over 20m (Maritime Press Release Dated January 27, 2025). The broad intersection in hole HDGC-25-104 is a 10m step out of hole HDGC-24-006 which returned 11.1 gpt Au over 13.1m (Maritime Press Release Dated January 27, 2025).
This cluster of thick, high-grade drill intercepts confirms the exceptional gold mineralization contained within a dense swarm of mineralized quartz veins and QFP dykes within a broader shear zone in the core of the Hammerdown Deposit. These results emphasize the high-grade nature and continuity of grade remaining in the Hammerdown deposit illustrating the signification value that remains.
Grade Control Drilling
The grade control drill program is now completed with 8,460m of diamond drilling in 273 drill holes. The program was designed to intersect the sub vertical mineralization on a 10m x 10m staggered pattern to maximize future ore extraction while minimizing ore losses and dilution. Drilling began in the southwest corner of the proposed starter pit which includes more waste rock than the core of the deposit. Assay results are pending for over 139 drill holes and will be released as they are received.
Figure 1. Plan View
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Figure 2. Hammerdown Deposit Cross Section
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Table 1. Assay Results
| Hole | From | To | Length | Au g/t | Comments |
| HDGC-25-087 | 2.50 | 3.00 | 0.50 | 0.6 | |
| HDGC-25-087 | 38.00 | 39.00 | 1.00 | 0.9 | |
| HDGC-25-089 | 17.00 | 18.00 | 1.00 | 2.3 | |
| HDGC-25-090 | 12.00 | 14.00 | 2.00 | 5.1 | |
| HDGC-25-091 | 32.00 | 33.00 | 1.00 | 7.1 | |
| HDGC-25-092 | 12.00 | 13.00 | 1.00 | 1.2 | |
| HDGC-25-092 | 15.00 | 16.00 | 1.00 | 9.8 | |
| HDGC-25-096 | 18.00 | 19.00 | 1.00 | 3.6 | |
| HDGC-25-097 | 15.00 | 16.00 | 1.00 | 3.9 | |
| HDGC-25-098 | 7.00 | 8.00 | 1.00 | 1.4 | |
| HDGC-25-098 | 31.00 | 32.80 | 1.80 | 1.9 | |
| HDGC-25-098 | 32.80 | 34.00 | 1.20 | 2.2 | Backfill |
| HDGC-25-098 | 34.00 | 35.00 | 1.00 | 6.0 | |
| HDGC-25-100 | 0.00 | 0.70 | 0.70 | 8.4 | Overburden |
| HDGC-25-100 | 37.00 | 38.00 | 1.00 | 7.2 | |
| HDGC-25-100 | 52.00 | 55.00 | 3.00 | 0.5 | |
| HDGC-25-102 | 15.00 | 16.00 | 1.00 | 10.8 | |
| HDGC-25-102 | 36.00 | 37.00 | 1.00 | 0.5 | |
| HDGC-25-102 | 37.00 | 41.00 | 4.00 | 0.4 | Backfill |
| HDGC-25-102 | 45.00 | 51.00 | 6.00 | 0.7 | |
| HDGC-25-106 | 13.00 | 14.00 | 1.00 | 5.2 | |
| HDGC-25-106 | 29.00 | 36.00 | 7.00 | 2.1 | |
| HDGC-25-106 | 37.60 | 41.80 | 4.20 | 3.0 | Backfill |
| HDGC-25-106 | 43.00 | 46.00 | 3.00 | 1.6 | |
| HDGC-25-108 | 24.00 | 25.00 | 1.00 | 1.7 | |
| HDGC-25-108 | 37.00 | 41.00 | 4.00 | 11.4 | |
| HDGC-25-108 | 46.00 | 51.50 | 5.50 | 1.6 | Backfill |
| HDGC-25-108 | 51.50 | 54.00 | 2.50 | 5.2 | |
| HDGC-25-110 | 0.50 | 1.00 | 0.50 | 78.6 | |
| HDGC-25-110 | 42.50 | 43.20 | 0.70 | 1.5 | Backfill |
| HDGC-25-110 | 43.20 | 45.00 | 1.80 | 7.1 | |
| HDGC-25-112 | 27.00 | 31.00 | 4.00 | 0.6 | |
| HDGC-25-112 | 35.00 | 38.00 | 3.00 | 46.7 | |
| HDGC-25-112 | 49.00 | 49.30 | 0.30 | 1.5 | |
| HDGC-25-112 | 60.00 | 61.00 | 1.00 | 0.6 | |
| HDGC-25-113 | 8.00 | 9.00 | 1.00 | 35.4 | |
| HDGC-25-116 | 11.00 | 12.00 | 1.00 | 8.6 | |
| HDGC-25-116 | 29.00 | 31.00 | 2.00 | 4.6 | |
| HDGC-25-116 | 32.50 | 33.80 | 1.30 | 10.5 | Backfill |
| HDGC-25-116 | 33.80 | 41.00 | 7.20 | 5.4 | |
| HDGC-25-119 | 14.00 | 15.00 | 1.00 | 1.5 | |
| HDGC-25-120 | 23.00 | 37.00 | 14.00 | 2.5 | |
| Including | 25.00 | 26.00 | 1.00 | 15.6 | |
| HDGC-25-122 | 2.00 | 30.00 | 28.00 | 12.0 | |
| Including | 17.00 | 21.00 | 4.00 | 73.7 | |
| HDGC-25-123 | 11.00 | 12.00 | 1.00 | 1.0 | |
| HDGC-25-135 | 60.00 | 64.00 | 4.00 | 8.4 | |
| HDGC-25-137 | 40.00 | 41.00 | 1.00 | 2.0 | |
| HDGC-25-137 | 45.00 | 46.00 | 1.00 | 16.2 | |
| HDGC-25-137 | 48.00 | 49.00 | 1.00 | 2.4 | |
| HDGC-25-137 | 57.00 | 58.00 | 1.00 | 2.7 | |
| HDGC-25-139 | 15.00 | 17.00 | 2.00 | 1.5 | |
| HDGC-25-139 | 35.00 | 36.00 | 1.00 | 2.0 | |
| HDGC-25-139 | 43.00 | 44.00 | 1.00 | 0.6 | |
| HDGC-25-141 | 25.00 | 28.00 | 3.00 | 0.6 | |
| HDGC-25-143 | 0.00 | 1.60 | 1.60 | 1.4 | Overburden |
| HDGC-25-147 | 57.00 | 58.00 | 1.00 | 0.9 | |
| HDGC-25-147 | 61.00 | 62.00 | 1.00 | 2.1 | |
| HDGC-25-149 | 51 | 52.7 | 1.7 | 7.7 | |
| HDGC-25-149 | 55 | 57 | 2 | 16.7 | Backfill |
Lengths reported relative to core access are estimated to be approximately
Table 2. Drill hole Data
| Hole number | Azimuth | Dip | Depth | Easting | Northing | Elevation |
| HDGC-25-087 | 180 | -60 | 46 | 554749.9 | 5489131.0 | 188.0 |
| HDGC-25-089 | 180 | -60 | 46 | 554749.4 | 5489140.3 | 186.3 |
| HDGC-25-090 | 180 | -60 | 16 | 554890.3 | 5489102.4 | 191.7 |
| HDGC-25-091 | 180 | -60 | 40 | 554749.3 | 5489149.2 | 185.1 |
| HDGC-25-092 | 180 | -60 | 22 | 554890.4 | 5489113.2 | 193.1 |
| HDGC-25-096 | 180 | -60 | 22 | 554890.5 | 5489135.3 | 196.5 |
| HDGC-25-097 | 180 | -60 | 25 | 554739.0 | 5489144.3 | 185.5 |
| HDGC-25-098 | 180 | -45 | 46 | 554880.0 | 5489130.7 | 196.6 |
| HDGC-25-100 | 180 | -60 | 55 | 554869.6 | 5489135.6 | 196.6 |
| HDGC-25-102 | 180 | -50 | 55 | 554869.7 | 5489135.2 | 196.5 |
| HDGC-25-106 | 180 | -65 | 55 | 554859.9 | 5489132.2 | 196.9 |
| HDGC-25-108 | 180 | -60 | 58 | 554860.1 | 5489140.2 | 196.8 |
| HDGC-25-110 | 180 | -60 | 60 | 554850.3 | 5489135.5 | 196.7 |
| HDGC-25-112 | 180 | -60 | 64 | 554850.3 | 5489130.3 | 197.4 |
| HDGC-25-113 | 180 | -60 | 19 | 554730.5 | 5489111.4 | 190.6 |
| HDGC-25-116 | 180 | -48 | 52 | 554829.5 | 5489135.9 | 195.4 |
| HDGC-25-119 | 180 | -60 | 31 | 554740.4 | 5489116.8 | 191.0 |
| HDGC-25-120 | 180 | -60 | 37 | 554830.0 | 5489077.6 | 192.9 |
| HDGC-25-122 | 180 | -60 | 34 | 554840.9 | 5489083.0 | 190.8 |
| HDGC-25-123 | 180 | -60 | 25 | 554740.1 | 5489097.2 | 191.3 |
| HDGC-25-135 | 180 | -60 | 64 | 554769.8 | 5489151.0 | 185.6 |
| HDGC-25-137 | 180 | -60 | 58 | 554769.9 | 5489140.5 | 186.8 |
| HDGC-25-139 | 180 | -60 | 52 | 554770.1 | 5489130.2 | 187.2 |
| HDGC-25-141 | 180 | -60 | 46 | 554769.8 | 5489120.9 | 188.1 |
| HDGC-25-143 | 180 | -60 | 22 | 554780.4 | 5489172.6 | 183.2 |
| HDGC-25-147 | 180 | -60 | 67 | 554779.7 | 5489153.0 | 185.6 |
| HDGC-25-149 | 180 | -60 | 67 | 554779.5 | 5489145.2 | 186.7 |
Qualified Person
Exploration activities at the Hammerdown Gold Project are administered on site by the Company's Exploration Manager, Larry Pilgrim, P.Geo. In accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects, Larry Pilgrim, P.Geo. Exploration Manager, is the Qualified Person for the Company and has prepared, validated and approved the technical and scientific content of this news release. The Company strictly adheres to CIM Best Practices Guidelines in conducting, documenting, and reporting its exploration activities on its exploration projects.
Analytical Procedures
All samples assayed and pertaining to this press release were completed by Eastern Analytical Limited (EAL) located at Springdale, Newfoundland and Labrador. EAL is an ISO 17025:2005 accredited laboratory for a defined scope of procedures. EAL has no relationship to Maritime Resources. Samples are delivered in sealed plastic bags to EAL by Maritime field crews where they are dried, crushed, and pulped. Samples are crushed to approximately
About Maritime Resources Corp.
Maritime (TSXV: MAE) (OTC Pink: MRTMF) is a gold exploration and development company focused on advancing the Hammerdown Gold Project in the Baie Verte District of Newfoundland and Labrador, a top tier global mining jurisdiction. Maritime holds a
On Behalf of the Board:
MARITIME RESOURCES CORP.
Garett Macdonald, MBA, P.Eng.
President and CEO
Phone: (416) 365-5321
info@maritimegold.com
www.maritimeresourcescorp.com
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Caution Regarding Forward-Looking Statements:
Certain of the statements made and information contained herein is "forward-looking information" within the meaning of National Instrument 51-102 - Continuous Disclosure Obligations. Forward-Looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects", "intends", "indicates" "plans" and similar expressions. Forward-Looking statements include, but are not limited to, statements concerning the Hammerdown mineralization, its' metallurgical response, precious metal extraction based on the ongoing metallurgical testwork, sampling programs, the grade control drilling program, location and grade of underground workings and backfill material, amongst other things, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. All forward-looking statements and forward-looking information are based on reasonable assumptions that have been made by the Company in good faith as at the date of such information. Such assumptions include, without limitation, the price of and anticipated costs of recovery of, base metal concentrates, gold and silver, the presence of and continuity of such minerals at modeled grades and values, the capacities of various machinery and equipment, the use of ore sorting technology will produce positive results, the availability of personnel, machinery and equipment at estimated prices, mineral recovery rates, and others. Forward-Looking information is subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the ability of the Company to continue to be able to access the capital markets for the funding necessary to acquire, maintain and advance exploration properties or business opportunities; global financial conditions, including competition within the industry to acquire properties of merit or new business opportunities, and competition from other companies possessing greater technical and financial resources; difficulties in advancing towards a development decision and executing exploration programs on the Company's proposed schedules and within its cost estimates, whether due to weather conditions, availability or interruption of power supply, mechanical equipment performance problems, natural disasters or pandemics in the areas where it operates; increasingly stringent environmental regulations and other permitting restrictions or maintaining title or other factors related to exploring of its properties, such as the availability of essential supplies and services; factors beyond the capacity of the Company to anticipate and control, such as the marketability of mineral products produced from the Company's properties; uncertainty as to whether mineral resources will ever be converted into mineral reserves once economic considerations are applied; uncertainty as to whether inferred mineral resources will be converted to the measured and indicated categories through further drilling, or into mineral reserves, once economic considerations are applied; government regulations relating to health, safety and the environment, and the scale and scope of royalties and taxes on production; and the availability of experienced contractors and professional staff to perform work in a competitive environment and the resulting adverse impact on costs and performance and other risks and uncertainties, including those described in each MD&A of financial condition and results of operations. In addition, forward-looking information is based on various assumptions including, without limitation, assumptions associated with exploration results and costs and the availability of materials and skilled labour. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, Maritime undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange ("TSX-V") nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
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FAQ
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