Maritime Provides Update on Hammerdown Gold Project

Maritime Provides Update on Hammerdown Gold Project

Maritime Resources Corp. (TSX-V: MAE)has provided an update on its 100% owned Hammerdown Gold Project located in the Baie Verte mining district of Newfoundland and Labrador. The company intends to advance the project through a feasibility study, expected to be completed mid-year and final permitting towards a construction decision expected in 2022. 

Project designs for the Hammerdown Project are now complete for the mine production schedule, grade control drilling program, crushing and sorting plant, Nugget Pond gold circuit refurbishment, earthworks and associated project infrastructure. Requests are out for pricing on all major equipment, consumables, and contract services for the project.

An average 95.9% gold recovery was achieved on representative samples taken from the Hammerdown deposit. The metallurgical test work program managed by Canenco Consulting Corp. and completed at Blue Coast Research Ltd. on representative bulk and variability samples from both the Hammerdown and Orion deposits, achieved 95.9% and 90.3% gold recovery respectively, with the primary grind P80 of ~50 microns and with oxygen added to the leach system.

A targeted life of mine waste rejection rate of 40% on Hammerdown and 15% on the company’s Orion deposits was achieved, with 95% gold recovery in the completed sorting test work. Mechanical inspections have also been completed at the Nugget Pond gold circuit, which evaluated the scope of refurbishment for existing equipment and design of the grinding circuit.

Finally, condemnation drilling has been completed over the areas of the planned waste dump, stockpiles and the crushing/sorting plant site with assays pending. The Hammerdown project was released from provincial Environmental Assessment in May 2021.

“The feasibility study is advancing well despite the challenges faced across the mining industry with high inflationary pressures and supply chain constraints. These challenges have caused delays in receiving assays and vendor quotations; however, our teams have finalized the project design and have most of the pricing information for the key project components. The advantage with Hammerdown in this market is that as a brownfields project we have extensive infrastructure already in place, including an existing gold circuit at the Nugget Pond mill facility. Our designs for the project have leveraged the site’s unique location with existing road access and hydro power less than one kilometre away. The planned use of the latest sorting technology will have a positive impact on reducing truck traffic and greenhouse gas emissions on the local highway system,” commented Garett Macdonald, President and CEO.

For further information please visit: https://www.maritimeresourcescorp.com/

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