Maritime Engages WSP Canada Inc. to Complete Prefeasibility Study

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[{"type":"text","content":"Maritime Engages WSP Canada Inc. to Complete Prefeasibility StudyVANCOUVER, BC / ACCESSWIRE / May 16, 2016 / Maritime Resources Corp. (TSXV: MAE) (\"Maritime\") is pleased to announce that a Prefeasibility Study (\"PFS\") has been initiated on the Company's Hammerdown, Rumbullion and Orion gold deposits that forms the basis of the Green Bay Property resource portfolio located in Newfoundland and Labrador, Canada. The PFS will be conducted on the NI 43-101 mineral resource estimate completed in May 2013 (see release of May 28th 2013) that contained a mineral resource estimate in excess of 425,000 ounces of gold in the Measured and Indicated categories and in excess of 660,000 ounces in the Inferred category, both at a 3 g/t cut-off grade. The estimate was compiled by Tetra Tech of Ontario. The resource is shown in various cut-off grades in the table below.\nMaritime has engaged independent third party engineering firm WSP Canada Inc. (\"WSP\") to complete the PFS and evaluate the mining potential of the past producing Hammerdown deposit. The economic assessment and prefeasibility engineering is estimated to be completed by calendar Q4 2016.\nSENSITIVITY OF RESOURCES TO GRADE CUT-OFF\n\n \n \n Resource \n Category\n Cut-off \n \n Deposit \n \n Tonnes \n \n Grade \n (g/t Au) \n Gold \n (Ounces) \n \n \n Measured \n and Indicated\n 2 g/t Au \n HD, RM, MS \n 831,330 \n 10.46 \n 279,574 \n \n \n Orion \n 1,581,500 \n 3.87 \n 196,776 \n \n \n 3 g/t Au \n HD, RM, MS \n 727,460 \n 11.59 \n 271,072 \n \n \n Orion \n 1,096,500 \n 4.47 \n 157,582 \n \n \n 4 g/t Au \n HD, RM, MS \n 642,180 \n 12.67 \n 261,592 \n \n \n Orion \n 630,500 \n 5.24 \n 106,220 \n \n \n 5 g/t Au \n HD, RM, MS \n 562,760 \n 13.82 \n 250,048 \n \n \n Orion \n 347,200 \n 5.86 \n 65,414 \n \n \n \n \n \n Inferred \n \n 2 g/t Au \n HD, RM, MS \n 2,204,000 \n 6.64 \n 470,513 \n \n \n Orion \n 1,891,000 \n 4.52 \n 274,803 \n \n \n 3 g/t Au \n HD, RM, MS \n 1,767,000 \n 7.68 \n 436,304 \n \n \n Orion \n 1,288,000 \n 5.44 \n 225,272 \n \n \n 4 g/t Au \n HD, RM, MS \n 1,336,000 \n 9.02 \n 387,440 \n \n \n Orion \n 917,000 \n 6.18 \n 182,201 \n \n \n 5 g/t Au\n HD, RM, MS \n 1,027,000 \n 10.39 \n 343,066 \n \n \n Orion \n 692,000 \n 6.75 \n 150,176\nHD = Hammerdown RM = Rumbullion MS = Muddy Shag\nAbout WSP Canada Inc.:\nWSP has a comprehensive and skilled team that can determ...

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