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Maritime Purchase Agreement with Inomin Mines gets shareholder approval to Acquire over 3,225 Hectares of Minerals Claim that extends our Hammerdown, Green Bay Property
Vancouver, British Columbia--(Newsfile Corp. - October 3, 2018) - Maritime Resources Corp. (T...
About this update from Inomin Mines Inc
[{"type":"text","content":"Maritime Purchase Agreement with Inomin Mines gets shareholder approval to Acquire over 3,225 Hectares of Minerals Claim that extends our Hammerdown, Green Bay PropertyVancouver, British Columbia--(Newsfile Corp. - October 3, 2018) - Maritime Resources Corp. (TSXV: MAE) (\"Maritime\" or \"the Company\") is pleased to announce that Inomin Mines Inc. (TSXV: MINE) (\"Inomin\") has received shareholder approval and acceptance from the TSX Venture Exchange to conclude the Option to Purchase Agreement between Maritime and Inomin on the King's Point property. On May 16, 2018 Maritime entered into an option agreement with Inomin to acquire 100% interest in their King's Point property located adjacent to the Hammerdown project in Newfoundland, Canada, (see news Release MAE 15-18 on May 16, 2018) Inomin received a 98.9% approval to proceed with the option agreement at their AGM held on September 6th, 2018. The claims cover geological extensions to Maritime's Hammerdown Gold deposit that host a number of high grade gold veins and base metal occurrences. About the King's Point PropertyThe King's Point property (\"King's Point Property\") is made up of two separate claim blocks consisting of a total of 129 claim units covering over 3,225 hectares. (see map below)Figure 1To view an enhanced version of Figure 1, please visit: http://orders.newsfilecorp.com/files/4548/40108_a1538513689819_98.jpgThe northern claim block is located within only 2 km of the Hammerdown Gold Deposit. This property covers known extensions of the gold bearing formations that host the Hammerdown and Orion deposits including several narrow gold vein intercepts within the Golden Anchor prospect. These veins are similar to the Hammerdown veins with historic samples assaying up to 6 gm/t gold that have never been followed up.Additionally, the zinc-silver rich VMS horizon hosting Maritime's Lochinvar base-precious metal deposit that continues to the northeast over the property boundary onto our new King's Point Property. Assay values in some historic drilling have intersected up to 1 metre widths with grades over 10oz/T silver with 2-3% zinc. Further to the northeast, the King's Point property covers the old Rendell Jackman mine which was mined 1906-1909 and has excellent potential for further copper-gold mineralization. As well, on the northeast claim block, previous explor...