Business
Maritime Announces Pre-Feasibility Study Update and Appointment of New Advisors
Toronto, Ontario--(Newsfile Corp. - June 19, 2019) - Maritime Resources Corp. (TSXV: MAE) ("M...
About this update from New Found Gold Corp
[{"type":"text","content":"Maritime Announces Pre-Feasibility Study Update and Appointment of New AdvisorsToronto, Ontario--(Newsfile Corp. - June 19, 2019) - Maritime Resources Corp. (TSXV: MAE) (\"Maritime\" or the \"Company\") is pleased to announce an update on the Pre-Feasibility Study (\"PFS\") for the high grade Hammerdown gold project and the appointment of two new advisors to the Company.Garett Macdonald, President and CEO, stated: \"Maritime is well positioned with a strong treasury and a number of technical and exploration programs that are underway in Newfoundland with the goal of de-risking a development plan for the high grade Hammerdown gold project. Over the last several weeks, our exploration team in Newfoundland safely completed over 3,500 metres of infill diamond drilling at Hammerdown to convert Inferred resources to Measured & Indicated and are awaiting final assays. Our exploration focus will start shifting to the shallow mineralization at the Rumbullion, Golden Anchor, and Whisker Valley targets. I am pleased to welcome Mr. Jeremy Niemi and Ms. Candace Di Vito as new advisors to the Company, who will assist in the areas of resource definition, exploration, and investor relations, respectively.\" Pre-Feasibility Study Update A number of technical programs have been initiated to gather the necessary data to update the PFS for the Hammerdown project and a group of independent specialist consulting firms have been engaged. The PFS is expected to be completed in Q4 2019 and is being led by WSP, a global professional services firm headquarted in Canada employing 48,000 people worldwide, plus;AGP Mining Consultants (mining and process design)SRK Consulting (geochemistry)Gemtec Consulting Engineers & Scientists (environmental baseline and permitting)Canenco Canada (ore sorting test work and design)Appointment of New AdvisorsMaritime has appointed Mr. Jeremy Neimi, P.Geo. as Technical Advisor - Exploration and Ms. Candace Di Vito as Director, Investor Relations. Mr. Niemi, P.Geo. is a geologist with 20 years of experience in the resource industry, both at corporate and operational levels. Mr. Niemi is currently the Vice President, Exploration at Aurelius Minerals and was previously the Vice President, Exploration for GoldQuest Corporation. During his tenure at GoldQuest, Mr. Niemi led the advancement of the Romero gold project from a...