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Diamond Drilling Commences at Maritime Resources' Hammerdown Gold Project
Toronto, Ontario--(Newsfile Corp. - June 8, 2020) - Maritime Resources (TSXV: MAE) ("Maritim...
About this update from New Found Gold Corp
[{"type":"text","content":"Diamond Drilling Commences at Maritime Resources' Hammerdown Gold ProjectTargeting Hammerdown Offset & Resource GrowthToronto, Ontario--(Newsfile Corp. - June 8, 2020) - Maritime Resources (TSXV: MAE) (\"Maritime\" or the \"Company\") is pleased to announce that exploration activities have commenced at the Hammerdown Gold Project (\"Hammerdown\" or the \"Project\") located near the towns of Springdale and King's Point (\"KP\"), Newfoundland and Labrador (\"NL\"). An initial program consisting of 10,000 metres (\"m\") of diamond drilling is planned to test several prospective areas for new high-grade discoveries, expand the existing mineral resource and optimize the mine plan outlined in the recent Preliminary Economic Assessment (PEA)1,2.\"Our Hammerdown and Orion gold deposits2 lie within a five kilometre deformation zone that has numerous exploration targets identified from our geophysics and structural work. We strongly believe there is potential for additional discoveries within this largely untested area and will be aggressively exploring this area for new high-grade resources similar to Hammerdown\", commented Maritime President and CEO, Garett Macdonald. \"At Hammerdown, we intend to explore the deeper, untested levels of the deposit to determine if an offset of the high-grade gold vein system exists. Additional infill drilling will be completed within the PEA mine plan targeting the conversion of inferred resources to measured and indicated classes. Maritime and its contractors have consulted with NL Occupational Health and Safety to develop and follow safe work procedures to deal with the Covid-19 virus. The Company plans to provide regular updates to the market in the coming months,\" continued Mr. Macdonald.Initial 10,000 Metre Drill Program Over 125 New Diamond Drill Holes:- Hammerdown offset target - 2,000 m of planned drilling. Exploration drilling below the Captain Nemo fault on both the hangingwall (\"HW\") and footwall (\"FW\") sides of the deposit to be completed with the aim of locating areas of new mineralization. To date minimal exploration has been completed either within the HW or FW of the deposit. Testing this target may vector towards the structural offset and/or offer potential to find a new zone of mineralization similar to the original high grade Hammerdown deposit.- Hammerdown deposit infill drillin...