Maritime Resources Corp. (TSXV: MAE) announced results from its recently completed six-hole, 1,367m drilling programme at the Hammerdown Gold Project. The drilling identified substantial intervals of high-grade and low-grade gold mineralization over a 30.2m-wide zone at the Orion deposit and the Wisteria zone located 300m south of the Hammerdown deposit.
Highlights of the drilling results include drill hole DC-22-02, which intersected a broad interval of near surface disseminated and vein hosted gold mineralization with 30.2m grading 0.76 g/t Au, including 8.9m grading 1.74 g/t Au.
Hole DC-22-02 is located 700m northeast and along strike of the newly discovered Orion North trend and 300m south of Hammerdown’s Wisteria Zone on the southern edge of the Preliminary Economic Assessment pit shell. This discovery opens a new target area trending towards the northeast end of the proposed pit shell.
The company says the gold mineralization is coincident with a prominent magnetic low trend which extends over 1km to the northeast of the discovery hole and 2km southwest towards the Orion deposit. Mineralization is open in all directions and a follow up exploration programme is currently being planned.
Results from the Beetle Pond Zone included 12.1m grading 19.9 g/t Ag 0.48 g/t Au, 0.03% Cu, 0.12% Pb and 0.25% Zn, including 4.1m grading 40.9 g/t Ag, 1.1 g/t Au, 0.04% Cu, 0.12% Pb and 0.28% Zn in drill hole GA-22-48
Garett Macdonald, president and CEO of Maritime Resources commented: “The discovery of this new gold zone in a completely untested area opens up the potential for additional shallow, bulk tonnage deposits along a 3km magnetic low trend located within the footprint of the Hammerdown Gold Project.”
About Maritime Resources
Maritime holds a 100% interest-directly and subject to option agreements entitling it to earn 100% ownership in the Green Bay Property. This includes the former Hammerdown gold mine and the Orion gold project plus the Whisker Valley exploration project, all located in the Baie Verte Mining District near the town of King’s Point, Newfoundland and Labrador.
For further information please visit: https://maritimeresourcescorp.com/