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Maritime Enters into Purchase Agreement with Inomin Mines to Acquire over 3,225 Hectares of Minerals Claim that extends our Hammerdown, Green Bay Property
Vancouver, British Columbia--(Newsfile Corp. - May 16, 2018) - Maritime Resources Corp. (TS...
About this update from New Found Gold Corp
[{"type":"text","content":"Maritime Enters into Purchase Agreement with Inomin Mines to Acquire over 3,225 Hectares of Minerals Claim that extends our Hammerdown, Green Bay PropertyVancouver, British Columbia--(Newsfile Corp. - May 16, 2018) - Maritime Resources Corp. (TSXV: MAE) (\"Maritime\" or \"the Company\") is pleased to announce that it has concluded an Option to Purchase Agreement with Inomin Mines Inc. to earn a 100% interest in the King's Point property. The claims cover geological extensions to the Company's Hammerdown Gold deposit that host a number of high grade gold veins and base metal occurrences. The King's Point property (\"King's Point Property\") is made up of two separate claim blocks consisting of a total of 129 claim units covering over 3,225 hectares. (see map below)The northern claim block is located within only 2 km of the Hammerdown Gold Deposit. This property covers known extensions of the gold bearing deformation zone that host the Hammerdown and Orion deposits including several narrow gold vein intercepts within the Golden Anchor prospect. These veins are similar to the Hammerdown veins with historic samples assaying up to 3 gm/t gold and have never been followed up.Additionally, the zinc-silver rich VMS horizon hosting Maritimes Lochinvar base-precious metal deposit that continues to the northeast over the property boundary onto our new King's Point Property. Assay values in some historic drilling have intersected up to 1 metre widths with grades over 10oz/T silver with 2-3% zinc. Further to the northeast, the King's Point property covers the old Rendell Jackman mine which was mined 1906-1909 and has excellent potential for further copper-gold mineralization. As well, on the northeast claim block, previous explorers discovered the Beetle Pond Prospect where diamond drilling reported zinc rich semi-massive to massive stringer style mineralization hosted in highly altered felsic volcanics of the Catchers Pond Group. The Catchers Pond Group is host to several \"Buchan's Style\" VMS exploration targets, as well as, the Lochinvar zinc rich deposit located on Maritime Resources Mining Lease to the west. The southern claim block is also underlain by the Catchers Pond Group which is host to several Lochinvar style zinc and copper rich (+/-Ag and Au) prospects. Previous limited drilling had encountered numerous intersections of narro...