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Maritime Resources Corp. (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. The company holds a 100% interest in the Green Bay Property, including the former Hammerdown gold mine and the Orion gold project. With mineral processing assets that include the Pine Cove mill and the Nugget Pond gold circuit, Maritime is strategically positioned to capitalize on the high-grade gold deposits in the region.
Recently, Maritime received approval for the Closure and Development plans for the Hammerdown Gold Project, showcasing its commitment to sustainable mining practices. The Company's CEO, Garett Macdonald, expressed optimism about the strong environmental attributes of the Project and its potential for attractive returns. With proven and probable mineral reserves of 272,000 oz gold and after-tax economics indicating a solid NPV and internal rate of return, Maritime is poised for significant growth and value creation.
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Maritime Resources Corp. receives approval for Closure and Development plans for Hammerdown Gold Project, showcasing strong environmental attributes and high-grade gold reserves. The Company anticipates near-term cash flow and attractive returns for shareholders.
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Maritime Resources Corp. (TSXV: MAE) announces its participation in key mining events in Toronto, Canada. The company will attend the PDAC conference and Canada's Atlantic Edge event to engage with investors and stakeholders. President and CEO Garett Macdonald will present at the latter event. Registration is free for interested parties.
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Maritime Resources Corp. provides an update on the exploration potential and plans at its Point Rousse project in Newfoundland and Labrador. The project covers 57 km2 with a history of gold production. Diamond drilling is planned in 2024 to define mineral resources and expand opportunities.
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Maritime Resources Corp. reports high-grade gold, silver, and copper samples in Newfoundland and Labrador, with recent grab samples returning up to 12.6 gpt gold, 181.2 gpt silver, and 11.8% copper. The Black Ridge property shows promising potential for VMS deposits, with untested geophysical anomalies and anomalous zones of gold and copper. The company plans to conduct a comprehensive exploration program, including soil sampling, trenching, and mapping.
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Maritime Resources Corp. has initiated a precious metals clean up program at the Pine Cove mill complex, recovering and pouring a gold doré bar containing 281.1 ounces of gold generating approximately C$750,000 of revenue. Additional sampling has identified gold mineralization in the TSF #2 tailings pond, with material grading between 1.19 grams per tonne and 31.1 gpt gold. The company is also investigating the installation of a gravity recovery circuit to the wash plant to collect any gold on a more permanent basis. The Pine Cove mill complex is seen as a unique and strategic asset, with the company evaluating several near-mill opportunities to start generating cash flow as quickly as possible.
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Maritime Resources (TSXV: MAE) announced the approval of all items put before the shareholders at the 2023 Annual General and Special Meeting. Director and officer changes also occurred, with the resignation of Mr. Mark Ashcroft and Ms. Lorna D. MacGillivray LLB, and the appointment of Mr. Allen J. Palmiere and Mr. Matthew Goodman to the board of directors. Ms. Germaine Coombs will assume the role of Corporate Secretary.
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Maritime Resources Corp. (TSXV: MAE) (OTC Pink: MRTMF) has staked the Black Ridge VMS target in Newfoundland and Labrador, adding 150 hectares of highly prospective ground to their exploration tenements. The property hosts high-grade gold, silver, and copper showings, with historical sampling yielding impressive results. The Black Ridge property is an important addition to Maritime's land holdings in the Baie Verte mining district, marking a significant step in their regional exploration focus.
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Maritime Resources Corp. (TSXV: MAE) announces its Annual General and Special Meeting to be held on Thursday, November 30, 2023. Shareholders can participate in person or via a live conference call. They are encouraged to vote on the matters before the AGSM by proxy or voting instruction form prior to the proxy cut-off on Tuesday, November 28, 2023.
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Maritime Resources Corp. provides an update on its Hammerdown and Point Rousse Gold Projects.
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Maritime Resources Corp. announces that Newfoundland and Labrador has been ranked #4 globally for mining attractiveness by the Fraser Institute. The province's high mineral potential, policy factors, and quality infrastructure make it an ideal location for mining. Maritime's Hammerdown Gold Project benefits from these advantages and has received a $1M grant from the provincial Climate Change Challenge Fund. The company is also organizing a mining career showcase to promote opportunities in the industry to high school students.
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FAQ
What is the current stock price of MARITIME RES ORD (MRTMF)?
The current stock price of MARITIME RES ORD (MRTMF) is $0.0546 as of January 10, 2025.
What is the market cap of MARITIME RES ORD (MRTMF)?
The market cap of MARITIME RES ORD (MRTMF) is approximately 33.7M.
What is Maritime Resources Corp. focused on?
Maritime is a gold exploration and development company concentrated on advancing the Hammerdown Gold Project in Newfoundland and Labrador.
What are some of Maritime's key assets?
The Company holds a 100% interest in the Green Bay Property, which includes the former Hammerdown gold mine and the Orion gold project. They also own the Pine Cove mill and the Nugget Pond gold circuit.
What recent achievement has Maritime celebrated?
Maritime recently received approval for the Closure and Development plans for the Hammerdown Gold Project, a significant milestone signifying the Project's strong environmental attributes and potential for attractive returns.
Who is the CEO of Maritime Resources Corp.?
Garett Macdonald serves as the President and CEO of Maritime Resources Corp, leading the Company's strategic vision and operational activities.
Where can I find more information about Maritime Resources Corp.?
For more details about Maritime Resources Corp, including the 2022 Technical Report and other important documents, visit the Company's website at www.maritimeresourcescorp.com.
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