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Maritime Continues to Sample High Grade Mineralization at Whisker Valley and Reports Initial Results from Golden Anchor Target
Toronto, Ontario--(Newsfile Corp. - March 9, 2020) - Maritime Resources Corp. (TSXV: MAE) ( ...
About this update from New Found Gold Corp
[{"type":"text","content":"Maritime Continues to Sample High Grade Mineralization at Whisker Valley and Reports Initial Results from Golden Anchor TargetToronto, Ontario--(Newsfile Corp. - March 9, 2020) - Maritime Resources Corp. (TSXV: MAE) (\"Maritime\" or the \"Company\") is pleased to provide an update of its exploration activities at its Whisker Valley Project (Whisker) in the Baie Verte mining district of Newfoundland and Labrador. The Whisker Valley property is located 10 kilometers (km) northwest of the Company's high-grade Hammerdown gold project. Maritime's field programs continue to uncover high grade gold, silver and copper mineralization throughout the property. Maritime also reports results from two drill holes completed on the Golden Anchor area near the Hammerdown gold deposit.Highlights: Additional field sampling at Whisker discovers new mineralized float returning up to 71.9 grams per tonne (gpt) gold (Au), 115 gpt silver (Ag) and 0.7% copper (Cu) Trenching activities at the Whisker gold rich Gary vein system extends strike length to 320 metres (m) Results from a soil geochemical anomaly measuring 1.6 km x 0.4 km identified at Strugglers Pond assayed up to 1.3 gpt Au. Diamond drilling at the Golden Anchor intersected Hammerdown style gold/sulphide veins and the Lochinvar VMS alteration zone.SummaryMaritime's field crews continued a systematic evaluation of Whisker Valley Property throughout the 2019 season, identifying several new areas of gold, silver and copper mineralization. The two key areas of interest are Whisker Valley, the site of a 10 km long magnetic low trend and at the Strugglers Pond soil anomaly which is coincident with the regionally significant Middle Arm Fault system. Trenching played an important role in this season's work, with 23 trenches completed across the property. The Gary vein system was extended 150 metres along strike to the east and now totals 320 metres in length. Prospecting crews continued to find high grade gold float samples at the boulder field located 1.5 km northeast of the Gary vein system, with grades up to 71.9 gpt Au, 115.0 gpt Ag and 0.7% Cu returned in float samples. Soil sampling to the south of Strugglers Pond identified a 1.6 km long by 0.6 km wide gold-in-soil anomaly with assays reporting up to 1.3 gpt Au. A comprehensive geophysical program consisting of IP, Mag and VLF surveys is planne...