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Maritime Resources Corp : Maritime Resources Announces Hammerdown Gold Project Release from Environmental Assessment

Maritime Resources Corp.: Maritime Resources Announces Hammerdown Gold Project Release from Environmental Assessment Toronto, Ontario (Newsfile Corp. - May 10, 2021) - Maritime Resources Corp. (TSXV: MAE) ( Maritime or the Company ) is pleased to announce that the Newfoundland and Labrador Environmental Assessment Division has released the Hammerdown Gold Project ( Hammerdown or the Project ) from Environmental Assessment. Hammerdown is located in the Baie Verte mining district near the towns of King s Point and Springdale. The proposed Project consists of the construction, operation, decommissioning and remediation of an open pit and underground gold mine, an on-site crushing and sorting plant and associated infrastructure located on the footprint of a brownfield mine site. Final mineral processing to gold dore would occur offsite at the Nugget Pond gold circuit, approximately 140 km by highway from the Hammerdown project site. Maritime recently announced the purchase of th

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Maritime Resources Corp : Maritime Resources Announces Closing of Asset Purchase Agreement with Rambler Metals and Mining and Strategic Investment by Tembo Capital

Maritime Resources Corp : Maritime Resources Announces Closing of Asset Purchase Agreement with Rambler Metals and Mining and Strategic Investment by Tembo Capital
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Maritime closes purchase of Nugget Pond gold circuit - Canadian Mining Journal

Maritime closes purchase of Nugget Pond gold circuit April 13, 2021 As Maritime Resources (TSXV: MAE) completes a feasibility study for the past-producing Hammerdown gold project in Newfoundland and Labrador, the company has closed the purchase of the Nugget Pond gold circuit from Rambler Metals and Mining (AIM: RMM). This mill facility includes a carbon-in-pulp circuit, also lies in the Baie Verte district and is 140 km by highway from Hammerdown. Nugget Pond was built by Richmont Mines in 1995, last operated as a gold plant in 2012 and previously processed Hammerdown ore. Maritime and Rambler originally entered into a letter of intent in December 2020, which outlined the terms of Maritime’s acquisition of the Nugget Pond facility, as well as Canadian exploration properties and royalties. Consideration includes Maritime assuming liabilities associated with the assets purchased, a US$2-million cash payment and the issue of 3.6 million Maritime sh

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Maritime Resources Corp : Maritime Resources Announces Proceeds of $1 94 Million from Exercise of Warrants

Maritime Resources Corp.: Maritime Resources Announces Proceeds of $1.94 Million from Exercise of Warrants Toronto, Ontario (Newsfile Corp. - April 13, 2021) - Maritime Resources Corp. (TSXV: MAE) ( Maritime or the Company ) is pleased to announce the exercise of 12,959,357 common share purchase warrants for gross proceeds of $1.94 million. Each common share purchase warrant was exercisable for one whole common share of the Company, for a period of two years at an exercise price of $0.15. The warrants were issued in connection with a non-brokered private placement announced on March 14, 2019. Maritime currently has 7.9 million common share purchase warrants outstanding. This infusion of cash further strengthens Maritime s balance sheet, which following the close of Tembo Capital s private placement and the purchase of the Nugget Pond gold circuit announced earlier today brings the Company s current cash position to $11.5 million, commented Garett Macdonald, President and CE

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Maritime Resources Corp : Drilling at Maritime Resources Orion North Zone Intersects 3 3 gpt Gold over 6 3 Metres, Including 90 7 gpt Gold and 29 1 gpt Silver over 0 2 Metres

Maritime Resources Corp : Drilling at Maritime Resources Orion North Zone Intersects 3 3 gpt Gold over 6 3 Metres, Including 90 7 gpt Gold and 29 1 gpt Silver over 0 2 Metres
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