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Maritime Drills 26.1 gpt Gold over 3.2 Metres and 51.2 gpt Gold over 0.97 Metres at the Hammerdown Gold Project - Construction Activities Resumed
Toronto, Ontario--(Newsfile Corp. - August 19, 2025) - Maritime Resources Corp. (TSXV: MAE) ("Ma...
About this update from New Found Gold Corp
[{"type":"text","content":"Maritime Drills 26.1 gpt Gold over 3.2 Metres and 51.2 gpt Gold over 0.97 Metres at the Hammerdown Gold Project - Construction Activities ResumedToronto, Ontario--(Newsfile Corp. - August 19, 2025) - Maritime Resources Corp. (TSXV: MAE) (\"Maritime\" or the \"Company\") is pleased to provide an update for the Hammerdown Gold Project, located in the Baie Verte mining district of Newfoundland and Labrador (\"Hammerdown\"), near the towns of King's Point and Springdale. Highlights:Follow up grade control drilling on the Wisteria zone locates additional high-grade mineralization at depth and confirms the folded nature of the mineralized vein system26.1 grams per tonne (\"gpt\") gold (\"Au\") over 3.2 metres (\"m\") in drill hole HDGC-25-28051.2 gpt Au over 0.9 m in drill hole HDGC-25-2774.3 gpt Au over 8.0 m, including 8.2 gpt Au over 3.8 m in drill hole HDGC-25-2791.2 gpt Au over 22.0 m in drill hole HDGC-25-277Construction activities resumed at Hammerdown with fire hazard rating now considered low\"It's encouraging to see that these north-south orientated mineralized trends continue at depth within the proposed footprint of the Hammerdown project. We will be following up with additional drilling as part of a broader exploration program being planned for this fall that will focus on several high priority targets near Hammerdown,\" comments Garett Macdonald, President and Chief Executive Officer.Discussion of Results The 2025 definition drilling program at the Hammerdown Project has increased the understanding of the structural controls on gold distribution across the deposit. As highlighted in the Maritime Press Release on June 18, 2025, recent drilling unveiled a distinct change in orientation of high-grade ore shoots that diverges from Hammerdown's prevailing east-west trend. This newly identified feature exhibits substantial structural disruption caused by localized faulting and folding, marking a departure from the more continuous mineralization found elsewhere in the deposit.This north-south trending shear zone hosted mineralization prompted a strategic shift in drilling orientation to evaluate an underexplored direction along the deposit's edge. The presence of cross-cutting structures and deformational features has proven critical in shaping both the high-grade Hammerdown gold veins and the broader Wisteria zone. By inv...