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Maritime Resources Intersects 39.98 gpt Gold over 2.05 Metres at Hammerdown, Including 140.16 gpt Au over 0.20 Metres

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Maritime Resources Intersects 39.98 gpt Gold over 2.05 Metres at Hammerdown, Including 140.16 gpt Au over 0.20 Metres

 

 

 

 

 

Maritime Resources Corp. (TSX-V: MAE) is pleased to announce drill results from its ongoing 40,000 metre exploration program. The results reported are from drilling at the Hammerdown Gold Project in the Baie Verte Mining District of Newfoundland and Labrador, Canada. Exploration activities are ongoing with two diamond drill rigs completing remaining infill and exploring along the highly prospective Hammerdown Deformation Zone. Drilling is set to begin on several new regional targets along the Spucy Pond Gold Trend (located 5 km east of the Hammerdown deposit), Gull Ridge and Whisker Valley throughout 2021 and into 2022.

 

Highlighted Drill Intercepts from Hammerdown

 

  • 39.98 gpt Au over 2.05m, including 140.16 gpt Au over 0.20m (MP-21-188)
  • 26.94 gpt Au over 0.20m (MP-21-185)
  • 22.55 gpt Au over 0.35m (MP-21-187)
  • 15.2 gpt Au over 0.55m, including 40.21 gpt Au over 0.20m (MP-21-186)
  • 12.70 gpt Au over 1.40m, including 23.81 gpt Au over 0.20m and 51.20 gpt Au over 0.20m (MP-21-185)
  • 6.93 gpt Au over 2.25m, including 13.60 gpt Au over 0.60m and 11.17 gpt Au over 0.50m (MP-21-185)
  • 6.02 gpt Au over 1.82m including 23.41 gpt Au over 0.40m (MP-21-185)

 

Definition Drilling Completed at Hammerdown

 

Maritime has completed a definition drilling program within the conceptual open pit shell at the Hammerdown deposit consisting of thirty-seven (37) diamond drill holes totalling 4,944 metres. The holes were placed at important locations along the strike length of the deposit to confirm the interpretation and continuity of the mineralization for resource modelling. Drill hole MP-21-188 intersected the high grade M08 zone as expected, returning a high-grade interval of 39.98 gpt Au over 2.05m, including 140.16 gpt Au over 0.2m. Drill hole MP-21-185 successfully intersected 15 separate veins in the core of the deposit highlighted by several high grade intervals including 12.70 gpt Au over 1.40m, 6.93 gpt Au over 2.25m and 6.02 gpt Au over 1.82m. Additional drilling is planned approximately 150m from the eastern edge of Hammerdown where the deposit is open along strike and at depth with excellent potential to extend the mineralized vein system. Previous drilling in 2020 intersected 6.9 gpt Au and 12.9 gpt Ag over 6.0m, including 19.9 gpt Au and 24.1 gpt Ag over 2.0m in drill hole GA-20-35 (see press release dated February 1, 2021).

 

“These drill results further confirm the continuity of the high grade, near surface gold system at Hammerdown. Drilling was completed in several areas of the deposit where high grade veins were not consistently sampled by historic operators. This provides an opportunity to gather additional data and better define the vein extents as we update the mineral resource estimate,” commented Garett Macdonald, President and Chief Executive Officer. “There are currently two drills on site with one drill rig focusing on the Orion North target and the other kicking off our regional exploration program by targeting the new Timber Pond and Birchy Island Pond VTEM anomalies on the east side of the property,” continued Mr. Macdonald.

 

 

Figure 1: Hammerdown Drill Hole Locations – Plan View Click to enlarge

 

Table 1: Hammerdown Drill Hole Composites

 

Hole ID From (m) To (m) Length (m) Au g/t Ag g/t
MP-21-179 4.4 5.5 1.1 6.44 1.83
MP-21-179 27.0 27.9 0.9 1.49 0.49
MP-21-179 31.0 31.5 0.5 0.58 1.00
MP-21-179 32.0 32.5 0.5 1.48 1.80
MP-21-179 34.0 35.3 1.3 1.09 0.64
MP-21-179 37.0 37.5 0.5 0.57 0.10
MP-21-179 38.1 38.9 0.8 1.55 0.44
including 38.1 38.3 0.2 4.58 0.70
MP-21-179 40.4 40.6 0.2 1.75 1.10
MP-21-179 42.1 42.5 0.4 0.75 0.30
MP-21-180 7.6 8.1 0.5 0.62 1.40
MP-21-180 11.0 11.3 0.3 0.90 0.40
MP-21-180 12.0 12.5 0.5 0.61 8.40
MP-21-180 12.9 13.7 0.8 2.21 0.65
including 13.4 13.7 0.3 4.71 0.90
MP-21-180 20.9 21.6 0.7 2.49 0.70
MP-21-180 24.0 25.5 1.5 2.92 0.63
MP-21-181 7.0 7.5 0.5 0.60 0.10
MP-21-181 8.0 10.4 2.4 2.80 0.68
including 9.4 9.9 0.5 6.47 1.30
MP-21-181 11.5 14.5 3.0 1.55 0.55
MP-21-181 15.0 15.5 0.5 0.59 0.20
MP-21-181 22.7 22.9 0.2 5.01 1.00
MP-21-181 25.6 27.1 1.5 1.32 0.25
including 26.8 27.1 0.3 4.06 0.30
MP-21-181 29.4 29.9 0.5 0.85 0.10
MP-21-182 1.2 1.5 0.3 1.41 0.10
MP-21-182 3.8 4.0 0.2 1.00 0.10
MP-21-182 11.5 12.3 0.8 2.45 0.52
MP-21-182 14.5 14.7 0.2 0.57 0.10
MP-21-182 16.1 17.0 1.0 0.68 0.19
MP-21-183 5.0 5.5 0.5 0.79 0.50
MP-21-183 6.0 6.5 0.5 1.17 0.50
MP-21-183 9.0 9.5 0.5 1.04 0.10
MP-21-183 10.0 12.5 2.5 1.65 0.58
including 12.0 12.5 0.5 5.29 0.70
MP-21-183 13.6 14.7 1.1 4.28 0.85
including 13.8 14.0 0.2 5.89 1.40
MP-21-183 28.0 28.5 0.5 2.69 0.70
MP-21-183 37.0 37.5 0.5 0.90 0.50
MP-21-183 39.4 39.6 0.2 1.01 4.00
MP-21-183 40.0 40.5 0.5 0.64 0.60
MP-21-184 5.0 6.2 1.2 4.76 0.67
including 5.0 5.5 0.5 9.89 1.40
MP-21-184 7.0 8.0 1.0 0.59 0.40
MP-21-184 13.0 14.0 1.0 0.60 0.40
MP-21-184 27.0 29.0 2.0 1.47 0.35
MP-21-184 39.0 40.0 1.0 0.57 0.50
MP-21-185 2.5 3.0 0.5 0.77 0.10
MP-21-185 14.0 15.4 1.4 12.70 2.27
including 14.6 14.8 0.2 23.81 3.20
including 14.8 15.0 0.2 51.20 9.50
MP-21-185 19.0 19.5 0.5 0.83 1.50
MP-21-185 23.9 24.1 0.2 0.81 0.10
MP-21-185 57.8 60.0 2.3 6.93 1.28
including 58.5 59.1 0.6 13.60 2.30
and 59.1 59.6 0.5 11.17 1.60
MP-21-185 67.3 67.5 0.2 6.00 3.80
MP-21-185 69.8 70.0 0.2 0.89 0.80
MP-21-185 71.7 71.9 0.2 2.09 0.10
MP-21-185 80.3 80.5 0.2 11.81 2.20
MP-21-185 84.0 84.2 0.2 0.90 0.70
MP-21-185 87.6 89.4 1.8 6.02 2.14
including 88.8 89.2 0.4 23.41 4.95
including 89.0 89.2 0.2 40.83 8.30
MP-21-185 95.4 96.5 1.1 1.31 1.08
MP-21-185 98.0 99.0 1.1 0.68 0.50
MP-21-185 102.7 102.9 0.2 26.94 7.50
MP-21-185 118.0 118.2 0.2 0.88 0.30
MP-21-186 11.0 11.2 0.2 15.55 4.00
MP-21-186 40.3 40.5 0.2 4.56 0.80
MP-21-186 45.9 46.1 0.2 13.04 2.00
MP-21-186 56.8 57.3 0.6 15.22 1.96
including 56.8 57.0 0.2 40.21 4.70
MP-21-186 69.0 70.0 1.1 8.16 3.41
including 69.5 69.8 0.3 21.44 7.80
MP-21-187 25.5 25.8 0.4 22.55 3.70
MP-21-187 48.8 49.8 0.9 5.77 1.03
including 48.8 49.0 0.2 12.36 2.40
MP-21-187 62.0 62.4 0.3 6.00 1.50
MP-21-187 63.4 64.0 0.6 1.11 0.97
MP-21-187 69.4 70.1 0.7 6.51 2.26
including 69.9 70.1 0.2 17.35 4.40
MP-21-187 73.5 74.0 0.5 1.81 3.10
MP-21-188 6.7 6.9 0.2 10.65 1.70
MP-21-188 16.1 16.3 0.2 0.65 0.20
MP-21-188 17.5 17.8 0.3 0.81 0.70
MP-21-188 18.8 19.0 0.2 0.69 0.10
MP-21-188 43.4 43.6 0.3 0.77 0.10
MP-21-188 65.1 67.5 2.4 0.62 1.96
MP-21-188 69.8 70.9 1.0 0.90 0.46
MP-21-188 76.3 78.3 2.1 39.98 4.93
including 76.3 76.5 0.2 38.10 3.60
and 77.1 77.3 0.2 140.16 20.60
and 77.5 77.7 0.2 102.83 9.50
and 78.1 78.3 0.2 112.75 14.80
MP-21-188 85.7 85.9 0.2 0.76 0.10
MP-21-189 10.6 12.7 2.1 5.86 7.70
including 11.9 12.7 0.8 14.11 16.25
MP-21-189 13.7 14.8 1.1 0.76 2.47
MP-21-189 18.1 21.0 2.9 0.83 2.67
MP-21-189 23.4 24.0 0.6 0.51 0.20
MP-21-189 40.4 40.6 0.2 1.17 0.60

 

 

Note: Gold assay values are not capped and interval lengths are approximately true width

 

Table 2: Drill Hole Locations and Orientations

 

Hole ID Northing Easting Elevation (masl) Depth (m) Collar Azimuth Collar Dip
MP-21-179 5489007 554810 195.1 64.0 177 -63
MP-21-180 5488991 554810 195.7 55.0 181 -44
MP-21-181 5489006 554828 195.8 67.0 180 -44
MP-21-182 5488994 554845 196.9 46.0 197 -46
MP-21-183 5489009 554846 197.0 76.0 180 -65
MP-21-184 5489009 554846 196.9 64.0 180 -45
MP-21-185 5489074 554809 192.8 133.0 320 -57
MP-21-187 5489064 554813 193.1 76.3 341 -47
Mp-21-186 5489075 554809 192.7 70.0 327 -46
MP-21-188 5489067 554786 192.9 95.0 332 -45
MP-21-189 5489100 554788 190.4 49.0 324 -45

 

 

Analytical Procedures:

 

All samples assayed and pertaining to this press release were completed by Eastern Analytical Limited located at Springdale, Newfoundland and Labrador. EAL is an ISO 17025:2005 accredited laboratory for a defined scope of procedures. EAL has no relationship to Maritime. Samples are delivered in sealed plastic bags to EAL by Maritime field crews where they are dried, crushed, and pulped. Samples are crushed to approximately 80% passing a minus 10 mesh and split using a riffle splitter to approximately 250 grams. A ring mill is used to pulverize the sample split to 95% passing a minus 150 mesh. Sample rejects are securely stored at the EAL site for future reference. A 30-gram representative sample is selected for analysis from the 250 grams after which EAL applies a fire assay fusion followed by acid digestion and analysis by atomic absorption for gold analysis. Other metals were analyzed by applying an acid digestion and 34 element ICP analysis finish. EAL runs a comprehensive QA/QC program of standards, duplicates and blanks within each sample stream.

 

About Maritime Resources Corp.

 

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. The Hammerdown Gold Project is characterized by near-vertical, narrow mesothermal quartz veins containing gold associated with pyrite. Hammerdown was last operated by Richmont Mines between 2000 and 2004. The Company also owns the gold circuit at the Nugget Pond metallurgical facility in Newfoundland and Labrador, the Lac Pelletier gold project in Rouyn Noranda, Québec and several other exploration properties and royalty interests in key mining camps across Canada.

 

Posted July 26, 2021

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