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Maritime Increases Property Size at Green Bay in Newfoundland

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Maritime Increases Property Size at Green Bay in Newfoundland

 

 

 

 

 

Maritime Resources Corp. (TSX VENTURE:MAE) announces that it has acquired additional mineral tenures adjacent to their Green Bay Gold Property in Newfoundland. The acquisition was prompted by the recently announced NI 43-101 Resource Estimate which estimated in excess of 400,000 ounces of gold in the Measured and Indicated category and in excess of 600,000 ounces in the Inferred category, both at a 3 g/t Au cut-off grade.
 

Maritime has staked three new exploration licenses covering 1,450 ha (3,580 acres) bringing the total area now held by Maritime to 5,170 ha (12,775 acres). The new claims cover Catchers Pond sequences which also host the Hammerdown and Orion gold deposits. They also cover geological, geochemical and geophysical target areas with further gold exploration potential.

Posted May 31, 2013

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