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Maritime Completes Regional Airborne Magnetic Survey and Provides Exploration Update
Toronto, Ontario--(Newsfile Corp. - August 1, 2019) - Maritime Resources Corp. (TSXV: MAE) ( ...
About this update from New Found Gold Corp
[{"type":"text","content":"Maritime Completes Regional Airborne Magnetic Survey and Provides Exploration UpdateToronto, Ontario--(Newsfile Corp. - August 1, 2019) - Maritime Resources Corp. (TSXV: MAE) (\"Maritime\" or the \"Company\") is pleased to provide an update on its exploration activities at its Hammerdown and Whisker Valley gold projects near the town of King's Point in the Baie Verte Mining District, Newfoundland & Labrador.Regional Airborne SurveyTo guide our larger regional exploration campaign, the Company recently completed a high-resolution airborne gradient magnetic and VLF survey. The survey was completed by MPX International over the Green Bay (Hammerdown), Whisker Valley and Gull Ridge properties. A total of 1,934 line-kilometers of data was collected to enhance the regional geological model and to identify prospective corridors and locations for the next phases of detailed ground exploration, including soil geochemical sampling and ground IP surveys.The Company has also commenced a widespread soil geochemical survey to the north of the 2018 drilling campaign at the Whisker Valley gold project, where several high-grade gold intersections were encountered below the trenched outcrop (see press release dated February 25, 2019). Prospecting and limited historical exploration in the area indicate that the gold mineralization may be extensive and a systematic approach of soil sampling, mapping, trenching and ground geophysics will be utilized to focus in on drill targets throughout the property.Hammerdown & Catchers PondAt the Hammerdown gold project, Maritime is following up on the recent infill program with an additional 10 holes of infill diamond drilling totalling 1,500 metres (\"m\"). To date, four drill holes totaling 288 m have been completed. This small infill program is designed to test the Rumbullion East Extension area where near surface intersections of high grade gold were reported in earlier drilling, including 13.7 grams per tonne (\"gpt\") gold (\"Au\") over 1.20 m, and 18.0 gpt Au over 0.91 m in drill hole MP-19-64 (see press release dated July 11, 2019). Some of the shallow intersections reported in MP-19-64 are not part of the current resource wireframes and offer the potential to grow the mineral resource estimate. Additional drill holes are planned to also test the western extension of a highly altered felsic volc...