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Newfoundland and Labrador gold explorer continues to impress

Market News, Mining
TSXV:MAE
14 March 2025 11:31 (EDT)
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.

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:

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.

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


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