Business
Maritime Announces Second Set of Drill Results From J, K, L & M3 Veins at Hammerdown With a high of 29.13 g/t Au over 2.04 meter and Anaconda Data Room Access
Vancouver, British Columbia--(Newsfile Corp. - June 4, 2018) - Maritime Resources Corp. (TSXV...
About this update from New Found Gold Corp
[{"type":"text","content":"Maritime Announces Second Set of Drill Results From J, K, L & M3 Veins at Hammerdown With a high of 29.13 g/t Au over 2.04 meter and Anaconda Data Room AccessVancouver, British Columbia--(Newsfile Corp. - June 4, 2018) - Maritime Resources Corp. (TSXV: MAE) (\"Maritime\") is pleased to announce the second set of drill results from the 2018 drill program. The drill program was designed to test the near surface gold potential of the J, K, L & M3 veins outlined from surface trenching program last fall. (see News Release MAE 17-12, November 16th, 2017) Numerous gold intersections were encountered in these drill holes, including 2.08 metres grading 20.94 g/t Au in the J Vein and 2.04 metres grading 29.13 g/t Au in the RM Vein, located immediately east of the Rumbullion Fault. A number of other high grade gold intercepts were also intersected, which are detailed in the Table of Assays, below.To date 1,700 meters of drilling has been completed in 31 drill holes designed to test the near surface potential of the unmined J, K L and M3 gold rich quartz/sulphide veins. These veins are immediately south of the historical open pit mining at Hammerdown (see figure below). The drill program tested the vein system down to 30 meters below surface with a goal to define a new mineral resource that could potentially be reviewed for open pit mining. The drill program to date has been successful in intersecting the targeted high-grade gold veins and allowed for the recognition of two new mineralized zones, the \"QFP \"and \"I \"zones. Figure 1: Hammerdown Gold Deposit Open Pit with J, K, L, M3, RM Veins (Looking West)To view an enhanced version of Figure 1, please visit: http://orders.newsfilecorp.com/files/4548/34995_a1528098068952_27.jpgDrilling focused on the known J, K, L, and M3 Veins; however, 3 new mineralized zones have been discovered which have also returned appreciable gold values. The QFP and \" I \" zones were discussed in NR 18-13 on April 19, 2018 which carried gold values to 19.3 g/t Au. In addition, in this latest drilling a new mineralized horizon was discovered in Sheared Felsic Volcanics (SFV) returning gold values of 3.5 g/T Au over 2.6 metres. This discovery is the most southerly gold zone encountered on the property to date. Its extent is unknown as the area is covered in overburden where previously anomalous gold valu...