Maritime Resources Corp. (TSX-V: MAE) has reported the completion of a mineral resources estimate on its 100%-owned, Lac Pelletier Gold Project located in Rouyn Noranda, Quebec, Canada.
The 2022 MRE was completed in accordance with National Instrument 43-101 standards of disclosure. Maritime acquired Lac Pelletier in 2021 from Rambler Metals and Mining PLC, along with the Nugget Pond gold circuit in Newfoundland and Labrador and several additional gold assets and royalty interests.
Maritime has stated that the 2022 MRE demonstrates an extensive gold resource suited for potential underground mining, results include: 41,300t grading 3.99gpt Au for 5,300oz (Measured). 639,900 tonnes grading 4.09gpt Au for 84,100oz (Indicated). 681,200 tonnes grading 4.08gpt Au for 89,400oz (total Measured and Indicated). 1,099,000 tonnes grading 3.89gpt Au for 137,600oz (Inferred). The project has a valid certificate of authorization for 1,000t per day production and considerable exploration upside along strike and at depth.
“Lac Pelletier is a unique asset located in the heart of the Abitibi mining district, with several operating mines and development projects within driving distance. The project benefits from over 85,000m of surface and underground drilling, 2,500m of ramp access and underground development plus the completion of three separate bulk sampling programs that demonstrated the geological and grade continuities and gold recoveries of 96% at a nearby mill. A certificate of authorization from the province for 1,000 tonnes per day of mine production remains in effect,” commented Garett Macdonald, president and CEO.
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