Maritime Drills 19.9 gpt Gold over 17 Metres, Including 32.2 gpt Gold over 10 Metres at the 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 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 (TSXV: MAE, OTC: MRTMF) ha annunciato risultati significativi dai suoi sondaggi di controllo qualità presso il Hammerdown Gold Project in Newfoundland e Labrador. I risultati chiave includono:
Intersezioni notevoli hanno rivelato 19,9 gpt di oro su 17,0 metri, inclusi 32,2 gpt Au su 10,0m nel foro di sondaggio HDGC-25-124. Altri risultati impressionanti includono 2,5 gpt Au su 14,0m e molteplici intersezioni ad alta legge che variano da 27,8 a 31,6 gpt Au.
Il programma di controllo qualità, ora completato con 8.460 metri di perforazione a diamante su 273 fori, è stato progettato con un modello sfalsato di 10m x 10m. Il programma ha convalidato con successo il modello di vena e i lavori sotterranei storici, identificando ulteriori mineralizzazioni tra vene ad alta legge, materiale di riempimento della miniera e pilastri residui. I risultati sono ancora in attesa per 114 fori di sondaggio.
Maritime Resources Corp (TSXV: MAE, OTC: MRTMF) ha anunciado resultados significativos de perforación de su programa de control de calidad en el Hammerdown Gold Project en Newfoundland y Labrador. Los hallazgos clave incluyen:
Intersecciones notables revelaron 19.9 gpt de oro sobre 17.0 metros, incluyendo 32.2 gpt Au sobre 10.0m en el agujero de perforación HDGC-25-124. Otros resultados impresionantes incluyen 2.5 gpt Au sobre 14.0m y múltiples intersecciones de alta ley que varían de 27.8 a 31.6 gpt Au.
El programa de control de calidad, ahora completado con 8,460 metros de perforación de diamante a través de 273 agujeros, fue diseñado con un patrón escalonado de 10m x 10m. El programa validó con éxito el modelo de veta y los trabajos subterráneos históricos, identificando mineralización adicional entre venas de alta ley, material de relleno de mina y pilares remanentes. Los resultados aún están pendientes para 114 agujeros de perforación.
Maritime Resources Corp (TSXV: MAE, OTC: MRTMF)는 뉴펀들랜드와 라브라도르에 있는 Hammerdown Gold Project의 품질 관리 프로그램에서 중요한 시추 결과를 발표했습니다. 주요 발견 사항은 다음과 같습니다:
주목할 만한 교차점에서 17.0미터에 걸쳐 19.9 gpt 금이 발견되었으며, 시추 구멍 HDGC-25-124에서는 10.0m에 걸쳐 32.2 gpt Au가 포함되었습니다. 추가로 인상적인 결과로는 14.0m에 걸쳐 2.5 gpt Au와 27.8에서 31.6 gpt Au 사이의 여러 고품질 교차점이 포함됩니다.
이제 273개 구멍에서 8,460미터의 다이아몬드 시추로 완료된 품질 관리 프로그램은 10m x 10m의 계단식 패턴으로 설계되었습니다. 이 프로그램은 광맥 모델과 역사적인 지하 작업을 성공적으로 검증했으며, 고품질 광맥 사이의 추가 광물화, 광산 채움재 및 잔여 기둥을 식별했습니다. 114개의 시추 구멍에 대한 결과는 아직 대기 중입니다.
Maritime Resources Corp (TSXV: MAE, OTC: MRTMF) a annoncé des résultats de forage significatifs de son programme de contrôle de qualité au Hammerdown Gold Project à Terre-Neuve et Labrador. Les principales conclusions incluent :
Des intersections notables ont révélé 19,9 gpt d'or sur 17,0 mètres, y compris 32,2 gpt Au sur 10,0m dans le trou de forage HDGC-25-124. D'autres résultats impressionnants incluent 2,5 gpt Au sur 14,0m et plusieurs intersections de haute qualité variant de 27,8 à 31,6 gpt Au.
Le programme de contrôle de qualité, désormais achevé avec 8 460 mètres de forage au diamant à travers 273 trous, a été conçu selon un modèle décalé de 10m x 10m. Le programme a validé avec succès le modèle de veine et les travaux souterrains historiques tout en identifiant une minéralisation supplémentaire entre les veines de haute qualité, le matériau de remblai de mine et les piliers restants. Les résultats pour 114 trous de forage sont encore en attente.
Maritime Resources Corp (TSXV: MAE, OTC: MRTMF) hat bedeutende Bohrergebnisse aus seinem Qualitätskontrollprogramm im Hammerdown Gold Project in Neufundland und Labrador bekannt gegeben. Zu den wichtigsten Ergebnissen gehören:
Bemerkenswerte Schnittstellen zeigten 19,9 gpt Gold über 17,0 Meter, einschließlich 32,2 gpt Au über 10,0m im Bohrloch HDGC-25-124. Weitere beeindruckende Ergebnisse umfassen 2,5 gpt Au über 14,0m und mehrere hochgradige Schnittstellen, die von 27,8 bis 31,6 gpt Au reichen.
Das nun abgeschlossene Qualitätskontrollprogramm mit 8.460 Metern Diamantbohrung über 273 Löcher wurde nach einem versetzten Muster von 10m x 10m entworfen. Das Programm validierte erfolgreich das Gangmodell und historische Untertagearbeiten und identifizierte zusätzliche Mineralisierungen zwischen hochgradigen Gängen, Bergbauauffüllmaterial und Restpfeilern. Ergebnisse für 114 Bohrlöcher stehen noch aus.
- High-grade gold intersections with 19.9 gpt Au over 17.0m, including 32.2 gpt Au over 10.0m
- Discovery of additional mineralization between high-grade veins and in backfill material
- Successful validation of vein model and historic underground workings
- Extensive drilling program completed with 8,460 metres across 273 holes
- Results pending for 114 drill holes creating uncertainty about full project potential
- Backfill material quantity and grade remain conceptual with insufficient exploration to define as mineral resource
Toronto, Ontario--(Newsfile Corp. - March 14, 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:
19.9 grams per tonne ("gpt") gold ("Au") over 17.0 metres ("m"), including 32.2 gpt Au over 10.0 m in drill hole HDGC-25-124
2.5 gpt Au over 14.0 m in drill hole HDGC-25-120
31.6 gpt Au over 1.0 m in drill hole HDGC-25-145
27.9 gpt Au over 1.0 m in drill hole HDGC-25-118
27.8 gpt Au over 0.9 m in drill hole HDGC-25-231
Sampling of underground mine backfill material in drill holes HDGC-25-234 and HDGC-25-149 returned 11.2 gpt Au over a 3.0 m and 16.7 gpt Au over 2.0 m, respectively
Discussion of Results
The latest drill results cover multiple locations within the proposed first year of open pit mining at Hammerdown. The grade control program continues to validate the vein model and historic underground workings while identifying additional mineralization between the high-grade veins, mine backfill material and remnant pillars.
Notable assay results include drill hole HDGC-25-124, which intersected 19.9 gpt Au over 17.0 m, including 32.2 gpt Au over 10.0 m. This drill hole is located 5 metres south of previously announced drill hole HDGC-25-122 (Maritime press release dated March 4, 2025) which returned 12.0 gpt Au over 28.0 m, including 73.7 gpt Au over 4.0 m demonstrating excellent short range continuity in an area of structural thickening. Further south and 11 m west of drill hole HDGC-25-124, drill hole HDGC-25-120 intersected the Wisteria Zone at a depth of 23 m returning a broad 14 m wide interval averaging 2.5 gpt Au. The Wisteria Zone is a large bulk tonnage target consisting of disseminated sulphide mineralization in a quartz feldspar porphyry (QFP) that remains open at depth and along strike. Drill hole HDGC-25-145 also returned a high-grade intersection of 31.6 gpt Au over 1.0 m in the P01 vein, extending the vein approximately 20 m beyond its interpreted wireframe.
The Hammerdown grade control program continues to deliver impressive results, further refining the resource model by capturing mineralization between high-grade veins, defining new mineralization in previously clipped pillars and wireframes plus identifying high grade mineralization within the historic backfilled stopes. This was seen in drill holes HDGC-25-234 with 11.2 gpt Au over 3.0 m and HDGC-25-149 with 16.7 gpt Au over 2.0 m. These results enhance the confidence in the mineralization surrounding and inside the previously mined out stopes at Hammerdown. The potential quantity and grade are conceptual in nature and there has been insufficient exploration to define a mineral resource. It is uncertain whether further exploration would result in the backfill material being delineated as a mineral resource.
Grade Control Drilling
The grade control drill program is now completed with 8,460 metres 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. Assay results are pending for over 114 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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Figure 3. Core Photo Drill Hole HDGC-25-124 high grade intersection returning 32.2 gpt Au over 10 m
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Table 1. Assay Results
| Hole | From | To | Length | Au g/t | Comments |
| HDGC-24-033 | 11.00 | 13.00 | 2.00 | 1.04 | |
| HDGC-24-033 | 17.00 | 18.00 | 1.00 | 1.31 | |
| HDGC-25-114 | 4.00 | 5.00 | 1.00 | 1.61 | |
| HDGC-25-118 | 10.00 | 11.00 | 1.00 | 5.71 | |
| HDGC-25-118 | 45.00 | 46.00 | 1.00 | 27.85 | |
| HDGC-25-118 | 46.00 | 49.00 | 3.00 | 3.01 | |
| HDGC-25-120 | 23.00 | 37.00 | 14.00 | 2.53 | |
| HDGC-25-124 | 7.00 | 24.00 | 17.00 | 19.86 | |
| Including | 12 | 22 | 10 | 32.21 | |
| HDGC-25-128 | 21.00 | 22.00 | 1.00 | 1.66 | |
| HDGC-25-130 | 4.00 | 5.00 | 1.00 | 14.90 | Overburden |
| HDGC-25-130 | 6.00 | 6.30 | 0.30 | 2.69 | Overburden |
| HDGC-25-136 | 8.40 | 8.60 | 0.20 | 16.26 | |
| HDGC-25-136 | 9.45 | 9.65 | 0.20 | 5.57 | |
| HDGC-25-136 | 13.80 | 14.00 | 0.20 | 4.11 | |
| HDGC-25-136 | 15.55 | 16.00 | 0.45 | 1.75 | |
| HDGC-25-138 | 14.00 | 15.00 | 1.00 | 1.16 | |
| HDGC-25-138 | 16.70 | 17.40 | 0.70 | 16.82 | |
| HDGC-25-138 | 22.00 | 22.20 | 0.20 | 7.93 | |
| HDGC-25-138 | 24.25 | 24.45 | 0.20 | 3.98 | |
| HDGC-25-140 | 5.00 | 6.00 | 1.00 | 2.52 | |
| HDGC-25-140 | 7.50 | 7.70 | 0.20 | 1.31 | |
| HDGC-25-140 | 9.00 | 10.00 | 1.00 | 1.47 | |
| HDGC-25-140 | 14.78 | 15.54 | 0.76 | 26.71 | |
| HDGC-25-140 | 17.53 | 18.24 | 0.71 | 1.69 | |
| HDGC-25-142 | 2.40 | 8.20 | 5.80 | 2.72 | Overburden |
| HDGC-25-142 | 11.00 | 12.00 | 1.00 | 1.21 | |
| HDGC-25-142 | 21.00 | 21.80 | 0.80 | 3.28 | |
| HDGC-25-142 | 24.00 | 25.00 | 1.00 | 1.14 | |
| HDGC-25-145 | 51.00 | 52.00 | 1.00 | 31.60 | |
| HDGC-25-149 | 45.00 | 47.00 | 2.00 | 1.78 | |
| HDGC-25-149 | 51.00 | 52.70 | 1.70 | 7.72 | |
| HDGC-25-149 | 55.00 | 57.00 | 2.00 | 16.72 | Backfill |
| HDGC-25-149 | 63.00 | 67.00 | 4.00 | 3.44 | |
| HDGC-25-151 | 15.00 | 16.00 | 1.00 | 1.93 | |
| HDGC-25-151 | 36.00 | 37.00 | 1.00 | 2.23 | |
| HDGC-25-151 | 47.00 | 49.00 | 2.00 | 6.80 | |
| HDGC-25-151 | 60.00 | 61.00 | 1.00 | 15.18 | |
| HDGC-25-153A | 19.00 | 20.00 | 1.00 | 2.19 | |
| HDGC-25-153A | 22.00 | 23.00 | 1.00 | 1.02 | |
| HDGC-25-153A | 28.00 | 29.00 | 1.00 | 1.06 | |
| HDGC-25-153A | 37.00 | 38.00 | 1.00 | 2.88 | |
| HDGC-25-155 | 1.50 | 2.00 | 0.50 | 2.40 | Overburden |
| HDGC-25-155 | 13.60 | 14.00 | 0.40 | 6.17 | |
| HDGC-25-157 | 39.50 | 40.20 | 0.70 | 3.53 | |
| HDGC-25-159 | 33.50 | 35.00 | 1.50 | 1.11 | |
| HDGC-25-159 | 45.00 | 46.00 | 1.00 | 3.10 | |
| HDGC-25-159 | 54.00 | 54.23 | 0.23 | 14.60 | |
| HDGC-25-159 | 62.55 | 63.00 | 0.45 | 1.71 | |
| HDGC-25-161 | 40.10 | 40.30 | 0.20 | 24.47 | |
| HDGC-25-161 | 50.60 | 51.00 | 0.40 | 3.07 | |
| HDGC-25-163 | 21.00 | 21.70 | 0.70 | 11.96 | |
| HDGC-25-163 | 23.90 | 24.50 | 0.60 | 17.70 | |
| HDGC-25-163 | 28.00 | 31.20 | 3.20 | 1.78 | Backfill |
| HDGC-25-163 | 56.30 | 56.50 | 0.20 | 32.30 | |
| HDGC-25-230 | 9.80 | 10.00 | 0.20 | 1.47 | |
| HDGC-25-230 | 14.45 | 14.75 | 0.30 | 11.56 | |
| HDGC-25-230 | 17.30 | 17.70 | 0.40 | 2.40 | |
| HDGC-25-230 | 18.70 | 19.00 | 0.30 | 1.08 | |
| HDGC-25-231 | 12.65 | 13.50 | 0.85 | 27.79 | |
| HDGC-25-234 | 14.00 | 17.00 | 3.00 | 11.20 | Backfill |
| HDGC-25-234 | 20.71 | 21.00 | 0.29 | 8.68 |
Lengths reported relative to core access are estimated to be approximately
Table 2. Drill hole Data
| Hole Number | Azimuth | Dip | Depth | Northing | Easting | Elevation |
| HDGC-24-033 | 180 | -60 | 19 | 5489073 | 554850 | 193 |
| HDGC-25-114 | 180 | -45 | 47 | 5489131 | 554840 | 197 |
| HDGC-25-118 | 180 | -60 | 64 | 5489145 | 554850 | 196 |
| HDGC-25-120 | 180 | -60 | 37 | 5489078 | 554830 | 193 |
| HDGC-25-124 | 180 | -60 | 25 | 5489078 | 554841 | 191 |
| HDGC-25-128 | 180 | -60 | 22 | 5489107 | 554880 | 190 |
| HDGC-25-130 | 180 | -60 | 13 | 5489097 | 554881 | 190 |
| HDGC-25-136 | 180 | -60 | 16 | 5489100 | 554870 | 189 |
| HDGC-25-138 | 180 | -60 | 43 | 5489110 | 554870 | 189 |
| HDGC-25-140 | 180 | -60 | 20 | 5489095 | 554860 | 186 |
| HDGC-25-142 | 180 | -60 | 34 | 5489104 | 554859 | 186 |
| HDGC-25-145 | 180 | -60 | 67 | 5489163 | 554780 | 184 |
| HDGC-25-149 | 180 | -60 | 67 | 5489145 | 554780 | 187 |
| HDGC-25-151 | 180 | -60 | 64 | 5489135 | 554780 | 188 |
| HDGC-25-153A | 180 | -60 | 52 | 5489125 | 554781 | 187 |
| HDGC-25-155 | 180 | -60 | 37 | 5489169 | 554791 | 185 |
| HDGC-25-157 | 180 | -60 | 58 | 5489160 | 554791 | 186 |
| HDGC-25-159 | 180 | -60 | 73 | 5489151 | 554791 | 188 |
| HDGC-25-161 | 180 | -60 | 67 | 5489141 | 554791 | 189 |
| HDGC-25-163 | 180 | -60 | 58 | 5489131 | 554790 | 189 |
| HDGC-25-230 | 180 | -60 | 29 | 5489042 | 555140 | 199 |
| HDGC-25-231 | 180 | -60 | 20 | 5489032 | 555140 | 200 |
| HDGC-25-234 | 180 | -60 | 35 | 5489048 | 555130 | 199 |
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. Drill core samples are collected from NQ sized diamond drill core and sawn in half. The half core 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
What are the latest gold drilling results from Maritime Resources (MRTMF) at Hammerdown?
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What was discovered in the Wisteria Zone at Maritime Resources' (MRTMF) Hammerdown project?
What were the results from the underground mine backfill material at MRTMF's Hammerdown?
