Maritime Resources Corporation (TSX-V: MAE) has announced the commencement of a 2022 exploration programme at its Hammerdown Gold Project, located in the Baie Verte Mining District of Newfoundland and Labrador, Canada, near the towns of King’s Point and Springdale.
“This year’s initial exploration programme is centred around our existing Hammerdown and Orion deposits. We believe there is tremendous potential to add new resources in several untested areas adjacent to our 2020 preliminary economic assessment project design,” commented Garett Macdonald, president and CEO. “In 2021, we initiated the largest drill programme in the company’s history with 40,000m across our 400km2 property package. Over 25,000m of diamond drilling was completed during the year from that programme and assay results from 25 drill holes are expected to be received later this month.”
The 3,000m diamond drill programme will focus on high-priority gold targets adjacent to its Hammerdown and Orion deposits, as well as at nearby untested exploration targets. Maritime Resources’ geological targeting process has reportedly identified several untested targets within the footprint of the overall Hammerdown Project area. The targeting process systematically reviewed recent VTEM, ZTEM and gradient airborne magnetic surveys along with integration of all historical exploration data.
The company have combined historical drilling data with recently completed geophysical and geochemical work to create a 3D Whole Earth Model to help prioritise brownfield targets and potential extensions.
Through new interpretation of the structural geology, folding and faulting in the region, Maritime hopes to uncover opportunities for resource expansion and new discoveries which could be incorporated in Maritime Resources’ future mine planning.
“The Hammerdown Project area has great potential for identification of additional gold mineral resources, as demonstrated in new discoveries along the trend in recent years. Our focus now is to systematically explore favourable targets directly on the doorstep of the existing gold deposits and to add to our resource base for the Project,” stated Jeremy Niemi, PGeo, technical advisor, exploration.
Sample assays are pending for 25 diamond drill holes from the company’s fall 2021 drilling season. The company expects to receive assay results for its Whisker Valley, Gull Ridge, and Green Bay Projects later this month.
For further information please visit: https://maritimeresourcescorp.com/