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Maritime Discovers New Gold Mineralization at Whisker Valley
Toronto, Ontario--(Newsfile Corp. - August 27, 2019) - Maritime Resources Corp. (TSXV: MAE) ...
About this update from New Found Gold Corp
[{"type":"text","content":"Maritime Discovers New Gold Mineralization at Whisker Valley Toronto, Ontario--(Newsfile Corp. - August 27, 2019) - Maritime Resources Corp. (TSXV: MAE) (\"Maritime\" or the \"Company\") is pleased to announce it has discovered a new area of gold mineralization as a result of a regional prospecting program at its 100% owned Whisker Valley Project (\"Whisker\") in the Baie Verte Mining District of Newfoundland and Labrador. The Whisker Valley property is located 6 kilometers northwest of the Company's high-grade Hammerdown gold project. Maritime has expanded the field mapping and sampling program and had expedited the mobilizing equipment to the property to initiate trenching and diamond drilling. Highlights: 405 rock samples collected across the Whisker Valley property with 39 samples above 1.0 gram per tonne (gpt) Au reported in a newly discovered boulder field assaying up to 83.8 gpt gold (\"Au\"), 154.0 gpt silver (\"Ag\") and 1.6% copper (\"Cu\") Assays for an additional 50 float samples are pending Sampling and geological mapping reveal strong evidence of a large hydrothermal system at Whisker Valley Airborne magnetic survey completed across the entire Whisker Valley Whisker Valley project expanded by an additional 47 square kilometers Summary The current field mapping and sampling programs have identified extensive gold and base metal targets across the Whisker Valley. Although in the early stages of exploration, the widespread extent of gold mineralization in soils, grab samples and at the Ben, Gary and Jackson veins plus the increased abundance of copper sulphides are strong indications of an extensive hydrothermal system and that we may be close to identifying the source of the veins. This current exploration focus is at the northern portion of a prominent magnetic low trend, approximately 10 kilometres in length, identified in the recently completed airborne survey (see Figure 1). Magnetic low trends are associated with the areas of hydrothermal alteration observed in the detailed surface mapping, sampling programs and initial diamond drilling at Whisker Maritime has expanded its soil sampling campaign for 2019 to cover the prospective trends and will continue to systematically explore and identify new veins and prospective areas to focus our future exploration drilling campaigns. Mineralized Boulder Field Maritime's p...