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