Maritime Resources Corp. (TSX.V: MAE) has provided an update on its ongoing 3,000m exploration programme, with multiple gold intersections recorded across the company’s Orion deposit and Green Bay regional exploration projects in the Baie Verte Mining District of Newfoundland and Labrador, Canada.
Exploration activities are ongoing with a diamond drill rig focusing on new regional targets near the company’s Hammerdown project.
“This is the first drill programme that Maritime has completed on the east side of the Hammerdown fold system, testing the mineral potential up to eight kilometres from the main deposit. The mineralization encountered at Beetle Pond, and Timber Pond are a result of follow-up to historical work in the area, while the Birchy Island Pond is a new discovery made through systematic soil sampling and geophysical programmes along with diamond drilling. The potential of this under explored belt to host additional deposits is significant and together with our advanced stage Hammerdown Gold Project the stage is set for an exciting year at Maritime,” commented Garett Macdonald, president, and CEO.
Green Bay Exploration Results
Drilling completed by Maritime Resources in late 2021 was designed to test the depth extension of its Orion Main Zone. The company intersected significant gold assays in three drill holes. One hole intersected 14.16 gpt Au over 0.65m, including 45.37 gpt Au over 0.20m and was located at the northern end of the Orion Main Zone, where the mineralization is now reportedly extended to surface.
Another close-range drill hole intersected 2.03 gpt Au over 3.04m, including 3.51 gpt Au over 1.17m. The company have stated that this intersection improves the continuity of the main zone where the gold mineralization remains open below.
An additional drill hole also intersected 3.95 gpt Au over 0.64m, including 12.35 gpt Au over 0.20m in the central portion of the Orion North zone.
Beetle Pond Gold Zone
Maritime Resources’ Beetle Pond gold zone is located 1km east of its Hammerdown Deposit and is interpreted as being an extension of the Golden Anchor prospect that has been offset by folding and faulting.
The Beetle Pond Trend is located 500m East of Golden Anchor and is associated with a high-grade gold and base metal in soil trend that reportedly extends for over 325m, Maritime Resources has said that it is associated with a large coincident magnetic and IP anomaly.
Beetle Pond was drilled as part of the company’s 2022 drilling programme, with the first hole encountering a quartz/sulphide vein with abundant visible gold. Samples of the mineralized interval were sent for analysis and returned grades of 150.37 gpt Au over 0.20m in drill hole GA-22-46.
The company is now planning additional drilling in order to test extensions of the mineralized veins system between the Golden Anchor and Beetle Pond prospects.
Birchy Island Pond Gold Zone
Birchy Island Pond Golden Zone islocated 5km east of Hammerdown, this target is a newly discovered quartz vein system defined on surface by a mineralized boulder train at the intersection of several faults highlighted on surface as a well-defined 4km long linear structure.
Ground based IP surveys conducted by Maritime have identified several chargeable anomalies, indicating the presence of disseminated sulphide mineralization. The company completed Phase 1 of its exploratory drilling, which included five drill holes totalling 1,116m with one drill hole intersecting 0.90 gpt Au over 3.42m, including 10.86 gpt Au over 0.20m. At least three styles of mineralized veins were reported in drill core.
Timber Pond Au-Ag-Cu Zone
Timber Pond is located 8km east of the Hammerdown project. The company completed its Phase 1 of exploratory drilling, including five drill holes totalling 647m.
The drilling reportedly confirmed a historical disseminated sulphide mineralization as well as a lens of gold mineralization in the hanging wall to the sulphides. Two holes encountered significant gold mineralization, returning 2.33 gpt Au over 4.0m, including 6.08 gpt Au over 1.5m and an additional hole encountered high grade silver consisting of 0.73 gpt Au and 339.7 gpt Ag over 2.0m, including 1.12 gpt Au and 659.0 gpt Ag over 1.0m. Maritime Resources is currently carrying out a new interpretation of both historical and 2021 drilling in order to plan future work to test the potential extension along strike and downdip.
For further information please visit: https://maritimeresourcescorp.com/
