Core from drillhole HDGC25124 at Maritime Resources' Hammerdown gold project
(Source: Maritime Resources)
  • Gold explorer Maritime Resources’ (TSXV:MAE) newest drilling results from its Hammerdown project in Newfoundland and Labrador continue to impress
  • Highlights include 19.9 grams per ton gold over 17 m, including 32.2 g/t gold over 10 m, with assays pending for more than 114 drillholes
  • Maritime Resources is a gold explorer and developer advancing the feasibility-stage Hammerdown project in Newfoundland and Labrador
  • Maritime Resources stock has added 112.50 per cent year-over-year and 41.67 per cent since 2020

Gold explorer Maritime Resources’ (TSXV:MAE) newest drilling results from its Hammerdown project in Newfoundland and Labrador continue to impress.

Drilling covers multiple locations within the proposed first year of open-pit mining on the past-producing project, continuing to validate the vein model and historic underground workings while identifying additional mineralization. Highlights include:

  • 19.9 grams per ton (g/t) gold over 17 m, including 32.2 g/t gold over 10 m in drillhole HDGC-25-124, located only 5 m south of the previously announced HDGC-25-122, which yielded 12 g/t gold over 28 m, including 73.7 g/t gold over 4 m.
  • HDGC-25-120, 11 m west of HDGC-25-124, intersecting the Wisteria Zone returning 14 m averaging 2.5 g/t gold.
  • Additionally, sampling of underground mine backfill material in HDGC-25-234 and HDGC-25-149 returned 11.2 g/t gold over 3 m and 16.7 g/t gold over 2 m, respectively.

According to Friday’s news release, which marks the end of the 8,460-m grade control drilling program, these results “enhance the confidence in the mineralization surrounding and inside the previously mined out stopes at Hammerdown,” though further exploration is required to delineate a mineral resource.

Maritime Resources will release assay results pending for over 114 drillholes as they arrive.

About Maritime Resources

Maritime Resources is a gold exploration and development company advancing the feasibility-stage Hammerdown project in Newfoundland and Labrador. The company also controls mineral processing assets and over 439 square kilometres of land for exploration.

Maritime Resources stock (TSXV:MAE) is up by 13.33 per cent trading at C$0.085 per share as of 10:21 am ET. The stock has added 112.50 per cent year-over-year and 41.67 per cent since 2020.

Join the discussion: Find out what everybody’s saying about this Newfoundland gold explorer on the Maritime Resources Corp. Bullboard and check out the rest of Stockhouse’s stock forums and message boards.

The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.

(Top photo of core from drillhole HDGC-25-124 returning 32.2 g/t gold over 10 m: Maritime Resources)

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