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Maritime Drills 19.9 gpt Gold over 17 Metres, Including 32.2 gpt Gold over 10 Metres at the Hammerdown Gold Project
Toronto, Ontario--(Newsfile Corp. - March 14, 2025) - Maritime Resources Corp. (TSXV: MAE) (OTC ...
About this update from New Found Gold Corp
[{"type":"text","content":"Maritime Drills 19.9 gpt Gold over 17 Metres, Including 32.2 gpt Gold over 10 Metres at the Hammerdown Gold ProjectToronto, Ontario--(Newsfile Corp. - March 14, 2025) - Maritime Resources Corp. (TSXV: MAE) (OTC Pink: MRTMF) (\"Maritime\" or the \"Company\") is pleased to announce additional drill results from a grade control drill program at the Hammerdown Gold Project. Hammerdown is located in the Baie Verte mining district of Newfoundland and Labrador, near the towns of King's Point and Springdale. Highlights:19.9 grams per tonne (\"gpt\") gold (\"Au\") over 17.0 metres (\"m\"), including 32.2 gpt Au over 10.0 m in drill hole HDGC-25-1242.5 gpt Au over 14.0 m in drill hole HDGC-25-12031.6 gpt Au over 1.0 m in drill hole HDGC-25-145 27.9 gpt Au over 1.0 m in drill hole HDGC-25-11827.8 gpt Au over 0.9 m in drill hole HDGC-25-231Sampling of underground mine backfill material in drill holes HDGC-25-234 and HDGC-25-149 returned 11.2 gpt Au over a 3.0 m and 16.7 gpt Au over 2.0 m, respectively Discussion of ResultsThe latest drill results cover multiple locations within the proposed first year of open pit mining at Hammerdown. The grade control program continues to validate the vein model and historic underground workings while identifying additional mineralization between the high-grade veins, mine backfill material and remnant pillars.Notable assay results include drill hole HDGC-25-124, which intersected 19.9 gpt Au over 17.0 m, including 32.2 gpt Au over 10.0 m. This drill hole is located 5 metres south of previously announced drill hole HDGC-25-122 (Maritime press release dated March 4, 2025) which returned 12.0 gpt Au over 28.0 m, including 73.7 gpt Au over 4.0 m demonstrating excellent short range continuity in an area of structural thickening. Further south and 11 m west of drill hole HDGC-25-124, drill hole HDGC-25-120 intersected the Wisteria Zone at a depth of 23 m returning a broad 14 m wide interval averaging 2.5 gpt Au. The Wisteria Zone is a large bulk tonnage target consisting of disseminated sulphide mineralization in a quartz feldspar porphyry (QFP) that remains open at depth and along strike. Drill hole HDGC-25-145 also returned a high-grade intersection of 31.6 gpt Au over 1.0 m in the P01 vein, extending the vein approximately 20 m beyond its interpreted wireframe. The Hammerdown grade control program continues ...