Assay TV catches up with Garett Macdonald, President and CEO of Maritime Resources (TSXV: MAE), about the company’s flagship Hammerdown Gold Project in the Baie Verte mining district of Newfoundland & Labrador.
Under its previous owner, the project produced 143,000oz at an average grade of 15.8 g/t Au before closing in 2005. In 2020, Maritime Resources’ PEA confirmed the project could produce 50,000-70,000 oz/y Au over nine years. The first 3,000m diamond drill programme has just completed. Intersections include 150.37 g/t Au over 0.2m with abundant visible gold on the east side, testing the site’s mineral potential for a distance of up to 8km.
This year, Maritime Resources will focus on brownfield exploration and resource growth proximal to Hammerdown. Garett expects that production will commence next year, following the ongoing feasibility study and remaining permitting.
Website: www.maritimeresourcescorp.com
Primary ticker: TSXV:MAE
Stage of development: Exploration
Commodity: Gold
Project to promote: Hammerdown Gold
Project location: Australia
Mining investment news, insights, and company profiles
The Assay TV – Garett Macdonald, President & CEO, Maritime Resources (TSXV:MAE) – 28/3/2022
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